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The module covers the whole of the financial sector institutions and markets.
The important relationship between risk, term and return is explored and how the process of financial intermediation reconciles the disparate needs of borrowers and lenders.
Depository (eg banks, building societies) and non-depository (eg pension funds, unit trusts, insurance companies) financial intermediaries and the products they deal in, non-marketable securities, are investigated.
Financial markets – and the products they deal in, marketable securities, are studied: also the implications for personal finance such as pensions, insurance
Wider societal implications are considered e.g. financial inclusion, fossil fuels/extractive industries finance. Socially Responsible Investments and Environmental, Societal and Governance issues are discussed.
Students will also acquire a good understanding of financial information as presented in the financial press and be able to calculate yields from Shares and Bonds

LO1: Develop an awareness of the rationale underlying financial institutions and markets
LO2: Gain an appreciation of the need for, and forms of, regulation of the financial system
LO3: Identify key considerations for personal financial planning
LO4: Outline the roles of the various financial markets and institutions
LO5: Identify the financial instruments and services provided by the financial institutions
LO6: Develop an awareness of basic quantitative skills appropriate to the financial sector