Postgraduate Course: Financial Intermediation, Markets and Institutions (CMSE11480)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Not available to visiting students
|Summary||This 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.
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.
- 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)
||Other requirements|| None
Course Delivery Information
|Academic year 2020/21, Not available to visiting students (SS1)
||Block 1 (Sem 1)
|Learning and Teaching activities (Further Info)
Lecture Hours 10,
Seminar/Tutorial Hours 3,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|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.
||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
On completion of this course, the student will be able to:
- Understand and critically discuss why financial intermediaries exist.
- Understand and critically discuss the roles and functions of different types of financial institutions.
- Understand and critically evaluate the roles and functions of central banks.
- Understand and critically discuss the structure of financial markets.
- Critically discuss corporate governance arrangements in financial intermediation.
|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.
|Graduate Attributes and 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.
|Course organiser||Dr Yizhe Dong
Tel: (0131 6)51 7112
|Course secretary||Ms Rhiannon Pilkington
Tel: (0131 6)50 8072