Module code: ACFI 2301
An integral part of a well-functioning economy is the establishment and smooth operation of a developed financial system. This system consisting of markets, institutions, individuals and the relevant governing bodies allows the circulation of money within the economy by assisting on the flow of capital from the economic surplus unit to the ones that need money to operate (deficit units). The objective of this module is to introduce students to the area of banking and financial intermediation. The key areas of the syllabus examined are that of the role and functioning of the domestic and global financial system, the role of the central banking facilities and especially that of central banks in preserving stability and supervision in the global financial system, as well as its role in the creation of money in the economy.
Moreover, students will be introduced to the role and functioning of the markets within which the financial institutions/intermediaries operate, such as the money market, the bond market and the equity market.
Finally, the module concludes with the examination of prior global and domestic financial crises.
Contact hours per student per year
- Lectures: 22 hours
- Tutorials: 22 hours