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Undergraduate Module Descriptors 2012/13

AC5001: Financial Economics

Module Title Financial Economics
Module Code AC5001
Module Tutor Jim Keane
School Accounting and Law
CAT Points 15
Level of Study 5
Pre-requisites Before taking this module you must pass AC4001 or pass BMN102
Co-requisites None
Restrictions Cannot be counted with ACC201
Brief Description

This module is a study of the financial economy from both a micro and macroeconomic perspective. The aim of the module is to improve understanding of the economics of financial intermediation, and to evaluate the importance of financial indicators like interest rates, inflation and exchange rates to the economy. The module is applied and will consider these topics as they relate to real world issues.

Indicative Syllabus

This module will consider:           

Economics of financial intermediation

The important economic roles of banks and non banks

Long term savings in the form of insurance, pensions and collective investments

Financial markets in relation to liquidity and capital

The economics of regulation

Determination of money and interest rates

Causes and consequences of inflation

Risk in relation to exchange rates

Trade and the balance of payments

Learning Outcomes

A student passing this module should be able to demonstrate:

1.     An understanding of some of the contexts in which accounting operates with respect to financial and capital markets.  (PLO1)

2.     Skills in summarising and interpreting economic events and their relevance to business.  (PLO3)

3.     An understanding of the contemporary theories and empirical evidence concerning the financial economy and its impact on the real economy.  (PLO4)

4.     The development of skills in critically evaluating and analysing arguments and data.  (PLO5)

5.       The ability to manage learning independently, including being able to find, extract and analyse data from many different sources, and acknowledge and reference these appropriately.  (PLO6)

Present quantitative and qualitative information with analysis, argument, and commentary.  (PLO7)

Learning and Teaching Activities Scheduled Contact Hours: 30
Independent Learning Hours: 120
Assessment (For further details see the Module Guide) 001: 50% Coursework: Group work, standard, written: 2500 words or equivalent
002: 50% Coursework: Individual, standard written: 1500 words or equivalent
Special Assessment Requirements
Indicative Resources

The Library Catalogue contains full details of the current reading list for this module. Further details may also be found in the Module Guide.

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