Module Details

Module Code: ECON8005
Title: Global Financial Economics
Long Title: Global Financial Economics
NFQ Level: Advanced
Valid From: Semester 2 - 2023/24 ( January 2024 )
Duration: 1 Semester
Credits: 5
Field of Study: 3140 - Economics
Module Delivered in: 2 programme(s)
Module Description: This module analyses aspects of global economic and financial phenomena. It allows learners to appreciate the role and the impact of financial markets on monetary systems and macro-economies.
 
Learning Outcomes
On successful completion of this module the learner will be able to:
# Learning Outcome Description
LO1 Analyse various asset classes from a global perspective.
LO2 Assess the impact of the appropriate use of derivatives and hedging strategies.
LO3 Evaluate the role of international financial regulators and rating agencies.
LO4 Critically review aspects of the history of world monetary systems, financial markets, economic shocks and evaluate lessons learnt.
Dependencies
Module Recommendations

This is prior learning (or a practical skill) that is strongly recommended before enrolment in this module. You may enrol in this module if you have not acquired the recommended learning but you will have considerable difficulty in passing (i.e. achieving the learning outcomes of) the module. While the prior learning is expressed as named MTU module(s) it also allows for learning (in another module or modules) which is equivalent to the learning specified in the named module(s).
Incompatible Modules
These are modules which have learning outcomes that are too similar to the learning outcomes of this module. You may not earn additional credit for the same learning and therefore you may not enrol in this module if you have successfully completed any modules in the incompatible list.
No incompatible modules listed
Co-requisite Modules
No Co-requisite modules listed
Requirements

This is prior learning (or a practical skill) that is mandatory before enrolment in this module is allowed. You may not enrol on this module if you have not acquired the learning specified in this section.
No requirements listed
 
Indicative Content
Global Financial Markets
Global perspective on asset classes, indices, currencies, equities, commodities, bonds, interest rates.
Financial Instruments
Decision-making regarding appropriate use of derivatives and hedging strategies.
Rating Agencies and International Financial Regulators
Rating agencies, banking regulation and supervision of financial markets/institutions, financial crises.
Global Monetary Systems and Historical Economic Shocks
Global economic phenomena, evaluation of historic global economic crises, international monetary system and financial institutions.
Module Content & Assessment
Assessment Breakdown%
Coursework100.00%

Assessments

Coursework
Assessment Type Project % of Total Mark 40
Timing Week 6 Learning Outcomes 1,2
Assessment Description
For Example: Create a poster to highlight and synopsize the key features of an asset class of your choice. Make reference to the derivatives and hedging strategies available to mange risk in this asset class. Include a commentary on why
you choose this particular financial asset and what makes it important from a global investment perspective.
Assessment Type Presentation % of Total Mark 60
Timing Week 13 Learning Outcomes 1,3,4
Assessment Description
For Example: Against the background of an historic economic crisis, create and present a poster to evaluate the impact of the crisis on an economy or asset class of your choice. Accompany this with a short report to offer a critical assessment of whether an economic crisis like this could happen again in the future, making reference to the role of regulators and rating agencies.
No End of Module Formal Examination
Reassessment Requirement
Repeat examination
Reassessment of this module will consist of a repeat examination. It is possible that there will also be a requirement to be reassessed in a coursework element.

The University reserves the right to alter the nature and timings of assessment

 

Module Workload

Workload: Full Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Delivery of content and material underpinning learning outcomes Every Week 3.00 3
Independent & Directed Learning (Non-contact) Non Contact Student undertakes independent study including reading relevant course material Every Week 4.00 4
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 3.00
Workload: Part Time
Workload Type Contact Type Workload Description Frequency Average Weekly Learner Workload Hours
Lecture Contact Delivery of content and material underpinning learning outcomes Every Week 2.00 2
Independent & Directed Learning (Non-contact) Non Contact Student undertakes independent study including reading relevant course material Every Week 5.00 5
Total Hours 7.00
Total Weekly Learner Workload 7.00
Total Weekly Contact Hours 2.00
 
Module Resources
Recommended Book Resources
  • Ritter, Silber & Udell. (2014), Principles of Money, Banking & Financial Markets, 12th. Pearson, [ISBN: 9781292042].
Supplementary Book Resources
  • Casu, Girardone, Molyneux. (2015), Introduction to Banking, 2nd. Pearson, [ISBN: 9780273718130].
  • Bailey, R.E.. (2016), The Economics of Financial Markets, Cambridge University Press, [ISBN: 9780521612807].
  • Jordan, Miller, Dolvin. (2020), Fundamentals of Investments: Valuation and Management, 9th. [ISBN: 9781260570335].
This module does not have any article/paper resources
Other Resources
 
Module Delivered in
Programme Code Programme Semester Delivery
CR_BBUSS_8 Bachelor of Business (Honours) 2 Elective
CR_BIBLA_8 Bachelor of Business (Honours) in International Business with Language 8 Elective