EC988: Investment and the Financial System
Zeynep Kurter
Module Leader
Pablo Beker
Module Lecturer
Principal Aims
EC988-15 Economics of Financial MarketsPrincipal Learning Outcomes
Subject Knowledge and Understanding:...understand changes in financial markets & financial crises. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.
Subject Knowledge and Understanding:...understand debt and equity securities, firms’ investment decisions analysis. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.
Subject Knowledge and Understanding:...demonstrate a comprehensive understanding of recent advances in financial markets. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.
Cognitive skills:...critically evaluate selected empirical techniques which form the basis of recent approaches to understanding the behaviour of firms in financial markets. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study The summative assessment methods that measure the achievement of this learning outcome are: Examination"
Subject Specific and Professional Skills:...appraise and synthesise the relevant literature explaining how theories have been tested and the results obtained. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination.
Syllabus
Topics:
This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.
The syllabus may cover, but is not limited to, the following topics:
1. The Bond Market and Yield Curves
2. Credit Ratings and Credit Default Swaps
3. The Stock Market Investment
4. Systemic Risk in Financial Markets
5. Microeconomic Foundations for Capital Asset Pricing Model (CAPM)
6. Consumption-Based Asset Pricing Models
Context
- Optional Module
- L1P6 - Year 1, L1P7 - Year 1
- Pre or Co-requisites
- Basic knowledge of calculus and econometrics.
Assessment
- Assessment Method
- In-person Examination (100%)
- Coursework Details
- In-person Examination (100%)
- Exam Timing
- May
Exam Rubric
Time Allowed: 2 Hours
Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.
There are THREE questions in this paper. You must answer TWO questions (50 marks each).
Answer each whole question in a separate booklet.
Approved scientific (non-graphical) pocket calculators are allowed.
You should not submit answers to more than the required number of questions. If you do, we will mark the questions in the order that they appear, up to the required number of questions in each section.
Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.