Money, Banking and Finance Markets
Module code: 5ECON005W
Faculty: Westminster Business School
Credit Level: 5
Credit value: 20
Available to: Westminster Business School students only, however students on some courses are unable to choose Westminster Electives – see list of exemptions. Please note elective modules are subject to availability.
This module will give you an introduction to the flow of funds in the economy, the banking sector, and financial markets and systems, all of which are essential to the functioning of modern economies. Although the module is about financial systems in general, there will be frequent reference to contemporary issues and problems, and to their historical antecedents.
The approach will incorporate a blend of published economic and financial data, and as far as possible, international comparisons. The subjects you will cover include financial systems comparisons; financial markets and institutions; money and money markets; the banking industry; central banking; and the history of financial crisis. By the time you complete the module, you will be able to explain the conceptual framework for comparing the financial systems of different economies, and distinguish between different types of financial system, appreciating the significance of particular financial developments. You will also be able to evaluate financial systems – including their structure, organisation and limitations – and use relevant economic principles to describe the role and operation of money markets, financial markets and institutions.
The module will be delivered through a combination of weekly lectures and seminars, with assessment based on a closed in-module test, a 20-minute group presentation, and a 2,000-word group report.