30367 - FINANCE (MODULE I) - FINANCIAL MARKETS AND INSTITUTIONS
Course taught in English
Mathematics (applied), Management, Accounting and Financial Statement Analysis.
The main objective of this course is to provide the students with a general understanding of the different functions performed by financial markets and institutions and their role in the economic system. We start by giving a brief overview of the functions of the financial system and its connections to the real economy. We then study the functioning of financial markets and the main financial instruments. Finally, we study the economics of different types of financial institutions.
- The first part of the course analyzes in detail the characteristics of the major financial assets, and describes the institutional characteristics of the markets in which these assets are traded.
- The second part of the course studies in detail the objectives as well as the organization of the major financial intermediaries (commercial banks, investment banks, mutual funds) that allow to match demand and supply of funds when securities markets do not function perfectly.
- Understand the functioning of financial markets and the role of financial institutions within the economic system.
- Interpret and assess the role of financial institutions and their behavior within the economic system.
- Face-to-face lectures
- Online lectures
- Individual assignments
Face to face lessons.
|Continuous assessment||Partial exams||General exam|
There are two written exams:
- A partial exam around the second half of October and a cumulative general exam (based on the material covered during the whole course) in December and January, according to the University-wide schedule. There is no second partial exam; all students must take the general exam. If your partial exam grade is higher than your general exam grade, then your final grade is the simple arithmetic average of the two grades. Otherwise, your final grade is the grade you receive on the general exam. For example, if you receive 30 on the partial exam and 20 on the general exam, your final grade is 25. If, on the other hand, you receive 20 on the partial exam and 30 on the general exam, your final grade is 30.
F.S. MISHKIN , S.G. EAKINS, Financial Markets & Institutions, Pearson Education, 2014, 9th edition.
Lecture notes and other materials are made available online on the course webpage.