ULMS Electronic Module Catalogue

The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module.
Title SECURITIES MARKETS
Code ECON241
Coordinator Dr EM Apps
Economics
E.Apps@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2021-22 Level 5 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):

ECON121 PRINCIPLES OF MICROECONOMICS; ECON123 PRINCIPLES OF MACROECONOMICS; ACFI103 INTRODUCTION TO FINANCE 

Modules for which this module is a pre-requisite:

 

Programme(s) (including Year of Study) to which this module is available on a required basis:

 

Programme(s) (including Year of Study) to which this module is available on an optional basis:

 

Teaching Schedule

  Lectures Seminars Tutorials Lab Practicals Fieldwork Placement Other TOTAL
Study Hours   6

      18

12

36
Timetable (if known)   60 mins X 1 totaling 6
 
      120 mins X 1 totaling 24
60 mins X 1 totaling 10
 
 
Private Study 114
TOTAL HOURS 150

Assessment

EXAM Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 1: Written Open Book End of Semester Synoptic Assessment Assessment Type: Open Book Duration: 3 hours (with 30 minutes additional admin time) Weighting: 60% Reassessment Opportunit  3 hours    60       
CONTINUOUS Duration Timing
(Semester)
% of
final
mark
Resit/resubmission
opportunity
Penalty for late
submission
Notes
Assessment 2: Video recorded interview using Shortlist.Me Assessment Type: Coursework Duration: 5 Minutes Weighting: 30% Reassessment Opportunity: Yes Penalty for Late Submission: Standard   5 minutes    30       
Assessment 3: Uploading of Notes. Assessment Type: Uploading of notes Weighting: 10% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Anonymous Assess  Uploading of notes    10       

Aims

This module seeks to provide an understanding of:
the role of securities markets in the economy;
their basic mechanics and technical features;
the valuation of financial assets;
the operational and allocative efficiency of the market.


Learning Outcomes

(LO1) Appreciate the central role of securities markets in the economy

(LO2) Understand and apply appropriate economic theory to market organisation

(LO3) Display an understanding of the usefulness of portfolio theory and the approaches to the valuation of financial assets

(LO4) Read the financial press and appreciate issues relating to the study of the securities markets

(S1) Adaptability

(S2) Problem solving skills

(S3) Numeracy

(S4) Commercial awareness

(S5) Teamwork

(S6) Organisational skills

(S7) Communication skills

(S8) IT skills

(S9) International awareness

(S10) Lifelong Learning Skills

(S11) Ethical Awareness


Teaching and Learning Strategies

Teaching Method: Online Asynchronous Learning Materials
Unscheduled Directed Student Hours: 18
Attendance Recorded: No
Notes: 12 x 1.5 Hours (with each 1.5-hour session being split into four online chunks)

Teaching Method: Webinar
Scheduled Directed Student Hours: 12
Attendance Recorded: Yes
Notes: 12 x 1 hour

Teaching Method: Seminar
Scheduled Directed Student Hours: 6
Attendance Recorded: Yes
Notes: 6 x 1 hour bi-weekly, small group, face to face sessions

Self-Directed Learning Hours: 114
Description: Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

Costs Information:
There are no additional costs associated with this module

There are the following non-modular requirements:
ECON121 or ECON123 or ACFI103

Skills/Other Attributes Mapping

Skills / attributes: Lifelong Learning Skills
Ho w this is developed: Taught
Mode of assessment (if applicable): Examination

Skills / attributes: International awareness
How this is developed: Consistent within the context of the Global financial markets
Mode of assessment (if applicable): Examination

Skills / attributes: IT skills
How this is developed: Students will be encouraged to use the various on-line resources quoted for this module.
Mode of assessment (if applicable):

Skills / attributes: Communication skills
How this is developed: Effective written communication
Mode of assessment (if applicable): Examination

Skills / attributes: Organisational skills
How this is developed: Through effective preparation for tutorials, the weekly coursework and the May exam – evidenced by the quality of answers provided on the exam
Mode of assessment (if applicable): Examination

Skills / attributes: Teamwork
How this is developed: Not formally assessed but students will be encouraged to problem solve independently with peers when preparing for tutorials.
Mode of assessment (if applicable)

Skills / attributes: Commercial awareness
How this is developed: Day to day operations of global financial markets (press and media review)
Mode of assessment (if applicable): Examination

Skills / attributes: Numeracy
How this is developed: Through quantitative style Q&A in class, online tests, tutorials and exam
Mode of assessment (if applicable): Examination

Skills / attributes: Problem solving skills
How this is developed: Q&A in class, tutorials, online tests and relevant exam questions
Mode of assessment (if applicable): Examination

Skills / attributes: Adaptability
How this is developed: Through application of taught concepts.
Mode of assessment (if applicable)

Skills / attributes: Ethical Awareness
How this is developed: Through application of taught concepts.
Mode of assess ment (if applicable)


Syllabus

 

Finance and Financial Markets;
 
Monetary Policy, Interest Rate Determination and Quantitative Easing;
 
The Bond Market. Credit Rating agencies;
 
Portfolio Analysis: Risk and Return;
 
The Capital Asset Pricing Model;
 
Stock Markets and Equities;
 
The Efficiency of Financial Markets;
 
Futures and Options;
 
The 2007-2009 Financial Crisis and associated securities

The Impact of COVID-19 on the global financial markets.


Recommended Texts

Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.