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DRPS : Course Catalogue : Business School : Common Courses (Management School)

Postgraduate Course: Financial Intermediation, Markets and Institutions (CMSE11480)

Course Outline
SchoolBusiness School CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityNot available to visiting students
SCQF Credits10 ECTS Credits5
SummaryThis course provides foundation knowledge that is required to give students a broad understanding of financial intermediation, the roles of different types of financial institutions and the structure of financial markets. The course also provides an integrated overview of both theoretical and practical issues related to the modern financial intermediation business.
Course description Academic Description

The course provides an integrated overview of both theoretical and practical issues related to the modern financial intermediation business. It covers four central topics. The introductory lecture outlines the role and functions of the financial system and the nature of financial intermediation, with special emphasis on current issues in banking. The second and third lectures cover the main activities and types of financial institutions/intermediaries. The remaining lectures discuss the main types of financial markets and instruments.

Outline Content

- Theory and current issues in financial intermediation
- Depository and Contractual Saving Institutions
- Central banking theory and international regulation
- Money Markets and Capital Markets
- Hedging and Derivatives Markets

Student Learning Experience

The learning outcomes will be achieved by information imparted in the lectures, by the discussions and participation in tutorials, by the process of researching information and by reading journal articles.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Course Delivery Information
Academic year 2020/21, Not available to visiting students (SS1) Quota:  None
Course Start Block 1 (Sem 1)
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 100 ( Lecture Hours 10, Seminar/Tutorial Hours 3, Programme Level Learning and Teaching Hours 2, Directed Learning and Independent Learning Hours 85 )
Assessment (Further Info) Written Exam 0 %, Coursework 100 %, Practical Exam 0 %
Additional Information (Assessment) Course work (Individual) 100%

The essay questions on the assignment - worth 100% of the marks - cover all the course's learning outcomes.
Feedback Summary feedback on the course work will be made available to the students following the timetable defined by the University/Business School.
No Exam Information
Learning Outcomes
On completion of this course, the student will be able to:
  1. Understand and critically discuss why financial intermediaries exist.
  2. Understand and critically discuss the roles and functions of different types of financial institutions.
  3. Understand and critically evaluate the roles and functions of central banks.
  4. Understand and critically discuss the structure of financial markets.
  5. Critically discuss corporate governance arrangements in financial intermediation.
Reading List
The main textbooks for the course are:
- Casu, B., Giardone, C., Molyneux, P. (2015): Introduction to Banking, 2nd ed.
- Mishkin, F., Eakins, S. (2015): Financial Markets and Institutions. Pearson, 8th ed.
Additional Information
Graduate Attributes and Skills Cognitive Skills

On completion of the course a student will be able to:
- describe the functions of different types of banks including central banks;
- illustrate the role of banking in the financial services industry;
- describe the structure of different financial markets;

Subject Specific Skills:

After completing this course, students should be able to:
- comprehend the effects of central bank policies
Additional Class Delivery Information The class will be taught in hybrid form consisting principally of a mix of multiple recorded lectures plus tutorials that may be taught online and/or face to face when conditions allow.
KeywordsNot entered
Course organiserDr Yizhe Dong
Tel: (0131 6)51 7112
Course secretaryMs Rhiannon Pilkington
Tel: (0131 6)50 8072
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