Assignment:
Module Introduction
This module is currently a core offering to full-time students on the MSc in International Business with Financial Services, MSc Accounting and MSc in Banking and Finance degree programmes.
Module Synopsis
This module introduces students to the range of influences on globalised financial markets and the impact of market failure upon businesses and the macro-economy. In particular the module will combine theory and policy with an analysis of financial crises within a global context.
Learning Strategy
Generally, a one hour lecture will be accompanied by a one hour tutorial per week. Lectures will provide students with essential insights into the global financial environment, including associated theoretical underpinnings. Weekly seminars will allow students to present material for discussion and extend students' knowledge of theory and its relation to practice. Case studies will be used to facilitate understanding.
Tutorials will also require students to demonstrate skills and competencies outlined above and to discuss relevant issues learnedly and confidently via group situations. Presentation and oral communication skills will be honed in tutorials.
Learning Outcomes
Knowledge and Understanding Outcomes
On completion of this module students will:
1. Attain a critical understanding of the nature of the operation of the global monetary and financial system.
2. Demonstrate a critical understanding of the links between monetary theory and the operation of international financial markets
3. Develop an in-depth understanding of the nature of financial products and their use.
4. Critically understand the nature of different types of financial risk and the importance of risk management.
Ability Outcomes
On completion of this module students will be able to:
1. Assess the effectiveness of international financial markets and institutions.
2. Analyse the impact of different types of risk and uncertainty on financial institutions.
3. Locate the origins, nature and causes of national and global financial crises.
4. Use case study material to evaluate the impact of different types of financial crises on national economies.
5. Use appropriate economic theory to discuss the causes and examine the consequences of financial crises.
Assessment Strategy
In order to pass the module all forms of assessment must be attempted.
Formative assessment
A range of formative devices; typically in-class tests and feedback on participation within a seminar environment.
The tutorial classes will offer direct feedback to students regarding their progress.
Summative Assessment
Assessment tasks (including assessment weightings)
An individual, 15 minute, presentation (10 minutes for presenting and 5 minutes discussion) weighted at 50%.
Covers learning outcomes 1, 2, 3, 7,8 and 9 weighted at 50%. Not marked anonymously. Eligible for tutor reassessment.
Student's will be able to select one topic from the following list to present on until all available slots have been selected for that particular topic (first come first served basis):
1. Pick two International organisations of your choice and discuss their role(s) in a globalised world.
2. As a bank manager what are the main concerns you may have to make sure that you stay operational and avoid financial fragility, yet achieve maximum profit for your shareholders.
3. Pick one of the following financial crises and discuss how it came about, what occurred during the crisis and how it concluded (if it has).
Latin American Debt Crisis
The East Asian Financial Crisis
Global Financial Crisis
4. Debate either as a Keynesian or a Monetarist and present your arguments on a resolution to the current financial crisis.
5. Present your ideas about whether or not a future financial crisis may be avoided.
A 2,500 word (maximum) individual coursework based on the individual presentation, weighted at 50%.
Covers learning outcomes 2-7 weighted at 50%. Not marked anonymously. This course work is eligible for tutor reassessment. This is the final piece of assessment.