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The module will examine the structure and functions of the international monetary and financial system. It will analyse the development and the implications of the global financial marketplace. It will examine the functions, products, participants, operational arrangements of, and the linkages between, the money markets – short-term interest rate products, the foreign exchange market, the government and corporate bond markets, the equity capital markets and the international derivatives markets.

LO1: Examine and analyse the elements and structure of the global financial market place.
LO2: Analyse, and evaluate the functions of money, foreign exchange, bond, equity and derivatives markets.
LO3: Examine and discriminate between the products of money, foreign exchange, bond, equity and derivatives markets.
LO4: Critically appraise the operational processes of the money, foreign exchange, bond, equity and derivatives markets.
LO5: Appraise and evaluate the fundamental role of these markets as being the management of financial risk