Aims and Fit of Module

This module aims to give students a comprehensive and coherent view about financial market such as payment system, bond market, stock market, commercial banks, and nonbank financial institutions. Students should be able to understand the role of technology and financial regulation in shaping the financial market and risk management practices.

Learning outcomes

A. Possess in-depth understanding about the role of payment system in the financial market. 

B. Demonstrate an understanding of the connection between bond market, equity market, and macro economy. 

C. Apply the arbitrage pricing theory in the foreign exchange market.  

D. Show an understanding of the banking balance sheet management. 

E.  Demonstrate an understanding of the role of financial regulation and technology in the evolution of the financial market. 

Method of teaching and learning

The module will be delivered through a combination of lectures and seminars.  Lectures will be used to introduce key theories, concepts and economic models. In tutorials the student will have the opportunity to solve financial problems and numerical exercises, to analyse case studies, or to make presentations of research.