Course content

This course gives an introduction to banking, financial markets, and financial intermediation. It gives an introduction to basic concepts such as money, credit, liquidity, risk, and maturity as well as to the economics of banking, financial markets, and other financial institutions, whose operations have been revolutionized by the application of modern technology. The course deals with the social role of banking and finance, including central banking, monetary policy, financial regulation, and the management of financial crisis.

Learning outcome

Knowledge

The candidate

• has broad knowledge of core concepts such as money, liquidity, credit, risk and maturity and the basic principles of traditional banking such as intermediation between savers and investors
• has knowledge of property insurance and life insurance
• has broad knowledge of how debt financing affects borrowers' investment- and decision-making behavior
• has broad knowledge of banking regulation

Skills

The candidate

• can use economic theory to identify challenges and opportunities in financial services, both from a bank's point of view and from regulatory authorities.

General competence

The candidate

• has insight and can understand most of the material in specialized trade magazines - can exchange views and experiences in a debate on banking and finance

Learning methods and activities

2 hours of lecture and 2 hours of practical assignments every other week. The course has compulsory activity. Specific requirements will be announced at the beginning of the term.

Compulsory assignments

• Approved term paper(s)/exercise(s)

Recommended previous knowledge

SØK1000, SØK1001, SØK1002, SØK1011, SØK1012 and SØK1004

Required previous knowledge

None

Course materials

Announced at the beginning of the term

Credit reductions