SFB12502 Global Markets and Institutions (Autumn 2006)

Prerequisites

Foundation courses in economics and finance and computer literacy.

Absolute requirements

Autumn

Lecture Semester

The aim of the course is to give students basic knowledge of why the financial markets develop and how institutions respond to market development in various financial systems. Students should learn to select information, analyse facts and understand the logic of changes in an international perspective.

Content

Introduction; globalisation and the financial sector. Understanding financial markets: the government securities market, the debt market, the equity market. Financial intermediaries: the banking sector and nonbanking finance, insurance and pension funds. Why and how the financial system is regulated and controlled. International governance in search for ethical finance?

Forms of teaching and learning

Lectures, group work, presentations, term papers, discussion. Teaching and learning in this course is basically group-centred, with frequent use of web-based information on current problems to be used in cases. Details on teaching and learning are given in a separate note "Teaching and learning concept in GMI".

Practical training/internship

Two group presentations and one individual paper must be submitted and approved before taking the final examination.

Coursework requirements - conditions for taking the exam

The term paper counts 50% and a three hours written exam counts 50% of the final evaluation.

Examination

Skritflig og mappe

Examiners

Danuta Tomczak (danuta.tomczak@hiof.no)

Literature

Kohn, Meir G. (2004). Financial Institutions and Markets. 2nd ed. Oxford University Press. 674 p.

Supplementary text books:
Mishkin, Frederic S. (2004). The Economics of Money, Banking and Financial Markets. 7th ed., Pearson/Addison Wesley.

Hubbard, R. Glenn (2002). Money, the Financial System and the Economy. 4th ed. Pearsons Education.