Course description
 
Course code and title: SFB13102 Global Markets and Institutions.

ECTS credits: 10

Category: Compulsory for Bachelor students in International Business, elective for other Bachelor-programme students.

Prerequisites: Foundation courses in economics and finance and computer literacy.
                      
Semester: Autumn semester.

Objectives: The aim of the course is to give students basic knowledge of why the financial markets and the labour markets function and how institutions respond to market development in various financial systems. Student should learn to select and evaluate relevant and verified information, analyse facts and understand the logic of changes in an international perspective.

Content:
Introduction: globalisation and the financial sector
Understanding financial markets: the debt market, the equity market.
Financial intermediaries: the banking sector and nonbanking finance.
Why and how the financial system is regulated and controlled.
International financial system - organisations and  governance.
Labour market and migration. 

Organisation and forms of teaching:
Lectures, group work, presentations and discussion. Teaching and learning in this course is basically group-centred, in established groups, with scheduled mandatory classes, consultations and self-initiated meetings. The textbooks are supplemented with veritable web-based current information, relevant for cases and taught subjects.

Mandatory assignments: Two group presentations must be submitted and approved before signing up for the final examination.

Assessment: Four hours written individual examination. Aids allowed: Mother tongue – English – mother tongue dictionary. Grades: A-F.

Required reading:
Peter Howells and Keith Bain (2007). Financial markets and institutions. 5th ed. Pearson Higher Education.
King, Roswitha (2007). Class compendium. Halden: Høgskolen i Østfold.

Supplementary text books:
Kohn, Meir G. (2004). Financial Institutions and Markets. 2nd ed. Oxford University Press. 674 p.
Howells, Peter, Bain, Keith (2005) The Economics of Money, Banking and Finance, 3rd ed., FT Prentice Hall, 602 p.
Casu, Barbara, Girardone, Claudia, Molyneux, Philip (2006) Introduction to Banking, FT Prentice Hall, 526 p.
Mishkin, Frederic S. (2004). The Economics of Money, Banking and Financial Markets. 7th ed. Boston: Addison Wesley.
Hubbard, R. Glenn (2005). Money, the Financial System and the Economy. 5th ed. Boston: Pearson/Addison-Wesley. 684 p.

Course lecturer:  Roswitha King