SFB12502 Global Markets and Institutions (Autumn 2008)

The course is connected to the following study programs

Compulsory for bachelor students enrolled on the International Business programme and for students on the business administration programme specialising in international business.

Optional for students on other programmes/bachelor programmes.

Prerequisites

The course builds on introduction courses in economics and finance, on basic knowledge of economics or politics, and presupposes computer literacy.

Lecture Semester

Autumn 2008

Content

• Introduction: globalisation and the financial sector
• Understanding financial markets; thee debt market, the equity market
• Financial intermediaries: the banking sector and non-banking finance
• Why and how the financial system is regulated and controlled
• The international financial system - organisations and governance
• Labour markets and migration

Forms of teaching and learning

Lectures, group presentations and discussions. Teaching and learning is basically group centred with established groups. There are scheduled compulsory tutorials and classes, apart from self-initiated consultations.

Practical training/internship

None.

Coursework requirements - conditions for taking the exam

Two group presentations must be submitted and approved before signing up for the final examination. Additionally, an individual term paper must be submitted and approved.

Examination

A 4-hour individual written examination. Aids permitted: a mother tongue-English/English-mother tongue dictionary. Grades: A-F.

Literature

• Howells, Peter & Keith Bain (2007). Financial Markets and Institutions. 5^th ed. Harlow: FT Prentice Hall. 432 pages.

Supplementary text books:

• Kohn, Meir G (2004). Financial Institutions and Markets. 2^nd ed. Oxford Press. 674 pages.
• Howells, Peter & Keith Bain (2005). The Economics of Money, Banking and Finance. 3^rd ed. FT Prentice Hall. 602 pages.
• Casu, Barbara, Claudia Girardone & Philip Molyneux (2006). Introduction to Banking. FT Prentice Hall. 526 pages.
• Mishkin, Frederic S (2006). The Economics of Money, Banking and Financial Markets. 8^th ed. Boston: Addison Wesley.
• Hubbard, R Glenn (2007). Money, the Financial System and the Economy. 6^th ed. Boston: Pearson/Addison-Wesley.

The textbooks are supplemented by web-based current information, relevant for cases and taught subjects.