Introductory description

This module is a challenging technical course. It covers advanced topics in global finance and aims to equip students with a variety of theoretical and econometric tools to understand current events in the global economy and to analyse policy responses. It departs from standard theoretical models of international finance and uses mathematical tools and econometric methods to build up from these models and to assess complex issues relating to the global finance.

Module web page

Module aims

Outline syllabus

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:

• Effects of financial integration
• General equilibrium in international financial markets
• International transmission of shocks
• Global imbalances and international financial architecture
• Models of banking and financial crises

Learning outcomes

By the end of the module, students should be able to:

• Subject Knowledge and Understanding:...understand key issues in foreign exchange markets, banking and financial crises, and global imbalances. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Key Skills:...conduct individual and collaborative research into a global finance topic, using world wide web and library resources. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Subject Knowledge and Understanding:...demonstrate knowledge of asset pricing, corporate financial policy and governance. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Subject-specific skills/Professional Skills:...communicate knowledge and understanding of economics in written and in mathematical forms. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Subject-specific skills/Professional Skills: Abstract and simplify basic economic problems through the application of simple theoretical models The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and independent study The summative assessment methods that measure the achievement of this learning outcome are: Examination and test
• Subject-specific skills/Professional Skills:...analyse and formulate models for understanding and solving problems. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Indicative reading list

Please see Talis Aspire link for most up to date list.

View reading list on Talis Aspire

Subject specific skills

Students will have the opportunity to develop skills in:
Analytical thinking and communication
Analytical reasoning
Critical thinking
Problem-solving
Abstraction
Policy evaluation
Concepts of Simultaneity and Endogeneity
Analysis of optimisation
Understanding of Uncertainty and Incomplete Information

Transferable skills

Students will have the opportunity to develop:
Numeracy and quantitative skills
Written communication skills
Oral communication skills
Mathematical, statistical and data-based research skills