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 | FINANCIAL CRISES AND DEFAULTS | ||
Code | ACFI319 | ||
Coordinator |
Professor KC Milas Finance and Accounting Costas.Milas@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2024-25 | Level 6 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
ECON223 MACROECONOMICS I |
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 |
24 |
5 |
29 | ||||
Timetable (if known) | |||||||
Private Study | 121 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 2: Mid-Term Type: Examination Duration: 45 minutes Weighting: 20% Reassessment opportunity: No Penalty for Late Submission: Standard UoL penalty Applies Anonymous Assessmen | 45 | 20 | ||||
Assessment 1: Examination Type: Written Unseen Exam Duration: 2 hours Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty Applies Anonymous | 2 | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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This module aims to provide students with a fundamental understanding of the core theoretical and empirical aspects involved in financial crises and defaults. In particular, the aims are that students will be able to: |
Learning Outcomes |
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(LO1) Students will be able to understand the principles of sovereign debt evaluation. |
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(LO2) Students will be able to understand how credit-rating agencies assign credit-rating scores to sovereign bonds. |
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(LO3) Students will be able to develop a deep understanding of economic and financial factors that trigger financial crises and sovereign defaults. |
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(LO4) Students will be able to develop the ability to analyse and evaluate economic data in order to empirically assess (using econometric software EVIEWS) whether excessive debt levels impact negatively on economic growth. |
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(LO5) Students will be able to develop the ability to analyse and evaluate economic and financial data in order to empirically assess (using the econometric software EVIEWS) whether asset prices are mispriced prior, during and after financial crises. |
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(S1) Problem Solving Skills |
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(S2) Numeracy |
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(S3) Commercial Awareness |
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(S4) Communication Skills |
Teaching and Learning Strategies |
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Teaching Method: Lecture Teaching Method: Seminar Self-Directed Learning Hours: 121 Skills/Other Attributes Mapping Skills / attributes: Problem solving skills Skills / attributes: Numeracy Skills / attributes: Commercial awareness Skills / attributes: Communication skills |
Syllabus |
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The vision thing: Why did no one see the financial crisis coming? |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |