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Session: 2022/23

Last modified: 08/04/2022 10:33:16

Title of Module: Global Finance (10 credits)

Code: ACCT11028 SCQF Level: 11
(Scottish Credit and Qualifications Framework)
Credit Points: 10 ECTS: 5
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:James  Johnston

Summary of Module

This module considers the role of the financial services industry in modern society. It introduces students to the various monetary and financial markets that exist globally and examines their structure, operations and products. The module also examines the importance that regulation plays in ensuring that these markets perform efficiently and effectively, drawing on the experiences learned from the financial crisis of the latter part of the last decade.

The module will help students to understand the interaction between the various financial institutions, regulators and financial users who operate within these market systems.

Module Delivery Method
Face-To-FaceBlendedFully OnlineHybridCHybridOWork-based Learning
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Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.

A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations

Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.

Online with mandatory face-to-face learning on Campus

Online with optional face-to-face learning on Campus

Work-based Learning
Learning activities where the main location for the learning experience is in the workplace.

Campus(es) for Module Delivery
The module will normally be offered on the following campuses / or by Distance/Online Learning: (Provided viable student numbers permit)
Paisley:Ayr:Dumfries:Lanarkshire:London:Distance/Online Learning:Other:




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Term(s) for Module Delivery
(Provided viable student numbers permit).
Term 1check markTerm 2check markTerm 3


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Learning Outcomes: (maximum of 5 statements)

On successful completion of this module the student will be able to:

L1. Critically discuss the range and role of money, banks and other financial institutions operating with the global economy

L2. Critically discuss the nature and range of services provided by money, bond and equity markets

L3. Critically assess the operation and structure of derivatives and derivative markets

L4. Critically assess the causes of, and solutions to, financial crises and the role that regulation plays in this process

Employability Skills and Personal Development Planning (PDP) Skills
SCQF Headings During completion of this module, there will be an opportunity to achieve core skills in:
Knowledge and Understanding (K and U) SCQF Level 11.

A critical understanding of a range of the principal theories, principles and concepts related to complex financial markets and products

A critical understanding of a range of specialised theories, principles and concepts related to complex financial markets and products

Critical awareness of current issues in financial markets and/or products

Practice: Applied Knowledge and Understanding SCQF Level 11.

Use a significant range of the principal skills, techniques, practices and/or materials that are associated with financial markets and/or products

Generic Cognitive skills SCQF Level 11.

Apply critical analysis, evaluation and synthesis to issues which are at the forefront or developed by developments at the forefront of financial markets and/or products

Identify, conceptualise and define new and abstract problems and issues

Communication, ICT and Numeracy Skills SCQF Level 11.

Use a wide range of software to support and enhance work at this level. Undertake critical evaluations of a wide range of numerical and graphical data

Autonomy, Accountability and Working with others SCQF Level 11.

Exercise substantial autonomy and initiative in professional and equivalent activities

Take responsibility for own work and/or significant responsibility for the work of others

Pre-requisites: Before undertaking this module the student should have undertaken the following:
Module Code:
Module Title:
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

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Learning and Teaching
This module is delivered by a series of lectures and tutorials which cover a range of topics that explore the role of money, banking and other financial intermediaries that operate within the global economy. The materials used discuss the role and functions of each, looking at their products and services, and at their uses by a variety of individuals, business and government bodies.
The materials also cover the operation of the markets for money and near-money transactions and instruments and also consider the operation of risk and various methods used to control this risk, both internally and externally of the business. It also considers the implications for various parties when the markets break down.
Relevant examples are provided in the form of case studies and discussion forums.
Learning Activities
During completion of this module, the learning activities undertaken to achieve the module learning outcomes are stated below:
Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities)
Lecture/Core Content Delivery12
Tutorial/Synchronous Support Activity12
Independent Study76
100 Hours Total

**Indicative Resources: (eg. Core text, journals, internet access)

The following materials form essential underpinning for the module content and ultimately for the learning outcomes:

Kidwell, S. (current edition) Financial Institutions, Markets, and Money, Chichester: Wiley

Additional Recommended Reading:

Arnold, G. (2011) Modern Financial Markets and Institutions, 1st Ed, Harlow: Pearson

Additional reading sources:

Pilbeam. K. (2010) Finance and Financial Markets, 3rd edition, Palgrave McMillan, London. (Core)

Copeland, Laurence. (2008), Exchange Rates and International Finance, 5th edition, Addison Wesley, Harlow, England

Valdez, S., Molyneux, P. (2010), An Introduction to Global Financial Markets, 6th edition, Palgrave McMillan, London

The Banker

The Economist

European Banker

Financial Services Review

Journal of Banking and Financial Services

Bank of England Quarterly Bulletin -

Students will have access to UWS library facilities so that core texts will be supplemented by case studies, academic journal articles and bespoke on-line resources.

(**N.B. Although reading lists should include current publications, students are advised (particularly for material marked with an asterisk*) to wait until the start of session for confirmation of the most up-to-date material)

Engagement Requirements

In line with the Academic Engagement Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on the relevant learning platform, and complete assessments and submit these on time. Please refer to the Academic Engagement Procedure at the following link: Academic engagement procedure

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Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance & Law
ModeratorNasir Kolade
External ExaminerN Sutcliffe
Accreditation DetailsN/A
Version Number


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Assessment: (also refer to Assessment Outcomes Grids below)
Online discussion thread
Written assessment - essay topic
(N.B. (i) Assessment Outcomes Grids for the module (one for each component) can be found below which clearly demonstrate how the learning outcomes of the module will be assessed.
(ii) An indicative schedule listing approximate times within the academic calendar when assessment is likely to feature will be provided within the Student Handbook.)

Assessment Outcome Grids (Footnote A.)

Component 1
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Workbook/ Laboratory notebook/ Diary/ Training log/ Learning logcheck markcheck mark  205

Component 2
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Essay check markcheck markcheck mark8012
Combined Total For All Components100% 17 hours

A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above

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  1. More than one assessment method can be used to assess individual learning outcomes.
  2. Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
    This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.

Equality and Diversity
This module is appropriate for all students irrespective of ethnic status, disability, age, gender, religious and sexual orientation. The University provides facilities and resources for all students through the Enabling Support Team.
UWS Equality and Diversity Policy
(N.B. Every effort will be made by the University to accommodate any equality and diversity issues brought to the attention of the School)

2014 University of the West of Scotland

University of the West of Scotland is a Registered Scottish Charity.

Charity number SC002520.