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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 Mr GS Brown
Finance and Accounting
Gavin.Brown2@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2025-26 Level 5 FHEQ Second Semester 15

Pre-requisites before taking this module (other modules and/or general educational/academic requirements):
ACFI103 Introduction to Finance 2024-25; ECON123 Principles Of Macroeconomics 2024-25 

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

 6

         30
Timetable (if known)              
Private Study 120
TOTAL HOURS 150

Assessment
EXAM Duration Timing
(Semester)		 % of
final
mark		 Resit/resubmission
opportunity		 Penalty for late
submission		 Notes
Assessment 1: Written Examination Assessment Type: Written Unseen Examination Duration: 2 hours Weighting: 70% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty  2    70       
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    30       

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) Students will be able to evaluate the central role of securities markets in the economy

(LO2) Students will be able to apply appropriate economic theory to market organisation

(LO3) Students will be able to demonstrate an understanding of the usefulness of portfolio theory and the approaches to the valuation of financial assets

(LO4) Students will be able to critically engage with financial news sources to analyse and interpret issues and trends in 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: Lecture
Scheduled Directed Student Hours: 24
Attendance Recorded: Yes

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: 120
Description: Self-Directed Learning will include research activity, developing academic writing skills, and wider reading to support the module

Skills/Other Attributes Mapping

Skills / attributes: Lifelong Learning Skills
How 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 asse ssment (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, o nline 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 assessment (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.