Banking and Financial Services
Module description
Summary:
Banks and financial services enable end-providers (lenders and savers) and end-users (borrowers and spenders) of financial claims to transact without the need for them to do so directly. This module sets out to examine the process of financial intermediation and the financial services through which intermediation takes place. Theoretical and applied concepts are used to provide an understanding of the functioning of banks and financial services and of their size and economic significance. There are no pre- or co-requisites but prior knowledge in introductory finance would be an advantage.
Additional Information:
Internationalisation
Students are presented with up-to-date examples from various international markets, so they acquire knowledge on banking and financial services that can be applied across a number of countries.
External Engagement
We have number of guest speakers in this module. Last year this included the South West Agent of Bank of England, the Head and Deputy Head of Corporate Banking at HSBC Bank Plc.
Employability
Students develop several transferable skills in this module, such as team-working, numeracy, research and discursive and problem-solving skills.
Sustainability
All of the resources for this module are available through the ELE (Exeter Learning Environment).
Full module specification
| Module title: | Banking and Financial Services |
|---|---|
| Module code: | BEAM033 |
| Module level: | M |
| Academic year: | 2020/1 |
| Module lecturers: |
|
| Module credit: | 15 |
| ECTS value: | 7.5 |
| Pre-requisites: | None |
| Co-requisites: | None |
| Duration of module: |
Duration (weeks) - term 2: 11 Duration (weeks) - term 3:1 |
Module aims
The aim of the module is to introduce you to the principles and mechanisms of commercial banking, general insurance, life insurance, pension funds and mutual funds. You will also understand the models of money supply, interest rates and flow of funds as the primary conduit through which monetary policy actions by the central bank take place. International examples will be covered, including up-to-date financial news in relevant financial publications. You will also critically appraise bank-based financial crises, with a particular focus on the recent financial crisis.
ILO: Module-specific skills
- 1. Discriminate, and critically appraise commercial banks and investment institutions within the international financial system
- 2. Critically appraise the operation of commercial banks, general insurance, life insurance, pension funds, and mutual funds, their advantages and disadvantages, and prospects
- 3. Apply agency theory, adverse selection, and moral hazard to banking and financial services in ethical dimensions of decision making process
- 4. Understand and critically appraise bank-based financial crises in developed countries and emerging markets
- 5. Appraise models explaining the determinants of credit, money supply and interest rates
ILO: Discipline-specific skills
- 6. Develop strong theoretical arguments based on analytical and statistical reasoning
- 7. Rigorously analyse problems in finance
- 8. Critically appraise theory and practice in finance
- 9. Familiarity and comfort with the application of quantitative and qualitative information to finance problems
ILO: Personal and key skills
- 10. Apply the tools of finance and investment
- 11. Make appropriate use of learning resources
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 34 | 116 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Scheduled Learning & Teaching activities | 22 hours (2 per week) | Lectures |
| Scheduled Learning & Teaching activities | 10 hours (1 per week) | Tutorials |
| Scheduled Learning & Teaching activities | 2 hours | Revision |
| Guided independent study | 116 hours | Reading and research, web-based activities |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Q&A sessions using Turning Point to show awareness of the concepts and issues | Participation in lectures and tutorials | 1-11 | Feedback and comments in the classroom |
| Engagement with online discussion forum in relation to relevant areas | Online discussion contributions | 1-11 | Online discussion feedback from peers and lecturer |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 0 | 100 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Written Examination composed of 30% Multiple Choice Questions and 70% Essay Type Questions | 100 | 2 hours | 1-11 | Exam grade and feedback on ELE |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| 2-hour Written Examination composed of 30% Multiple Choice Questions and 70% Essay Type Questions | 2-hour Written Examination composed of (30%) Multiple Choice Questions and (70%) Essay Type Questions | 1-11 | August/September assessment period |
Syllabus plan
• Financial structure, financial intermediation, banking and finance myths
• General insurance
• Life insurance
• Pension funds
• Mutual funds
• Theory of non-bank financial intermediation
• Money and credit
• Interest rates and the flow of funds
• Commercial banks
• Global financial crisis
Indicative learning resources - Basic reading
The set text will be a customised edition of selected chapters from Mishkin and Eakins’ (2016 ) Financial Markets and Institutions, Mishkin’s (2016 ) The Economics of Money, Banking and Financial Markets, Mishkin et al’s (2013) The Economics of Money, Banking and Financial Markets and Howells and Bain’s (2008) The Economics of Money, Banking and Finance. The text will be called ‘Banking and Financial Services’ and be available in the University bookshop.
Recommended texts:
Madura, J. (2018 ), Financial Institutions and Markets: International Edition, 12th Edition, South-Western Cengage.
Saunders, A. and Cornett, M. M. (2015), Financial Markets and Institutions, 6th Edition, McGraw-Hill International.
Valdez, S. and Molyneux, P. (2016), An Introduction to Global Financial Markets, 8th Edition, Palgrave Macmillan.
Module has an active ELE page?
Yes
Indicative learning resources - Web based and electronic resources
All lecture and tutorial materials are posted on the intranet.
Indicative learning resources - Other resources
Supplementary reading materials are indicated in the references of each lecture.
Origin date
17/07/2014
Last revision date
10/01/2018