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Development & Finance - ECO00010M

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  • Department: Economics and Related Studies
  • Module co-ordinator: Dr. Asif Ahmad
  • Credit value: 10 credits
  • Credit level: M
  • Academic year of delivery: 2019-20
    • See module specification for other years: 2018-19

Module will run

Occurrence Teaching cycle
A Spring Term 2019-20

Module aims

to present a brief overview of the subject of modern finance.

to give students an understanding of asset pricing and market efficiency in emerging markets.

to introduce students to informal finance and its significance in economic development.

to provide an opportunity for students to study, discuss and evaluate some current research dimensions of finance so that students can apply the methods taught in the module to solve specific problems in finance.

to consider specific issues and events like sovereign wealth funds or the global financial crisis of 2008 in the context of emerging economies.

Module learning outcomes

On completing the module a student will have:

an overview of the financial service industry in developed and developing countries.

an understanding of the assumptions and analysis of conventional asset pricing theory, and its applications to investment in emerging financial markets.

an understanding of what microfinance, rural finance and agricultural finance are and how they are important to economic development.

an overview of investment and development funds.


Task Length % of module mark
Online Exam
Development & Finance
N/A 100

Special assessment rules



Task Length % of module mark
Online Exam
Development & Finance
N/A 100

Module feedback


Indicative reading

The reading will consist mainly of lecture notes and a number of artivles which will also be recommended in the lectures.

Useful texts as preliminary background readin are:

Armendariz, B., and Morduch, J., The Economics of Microfinance, The MIT Press, 2005.

Fabozzi, F.J., and Modigliani, F., Capital Market: Institutions and Instruments, 3rd Edition, Prentice Hall, 2003.

The information on this page is indicative of the module that is currently on offer. The University is constantly exploring ways to enhance and improve its degree programmes and therefore reserves the right to make variations to the content and method of delivery of modules, and to discontinue modules, if such action is reasonably considered to be necessary by the University. Where appropriate, the University will notify and consult with affected students in advance about any changes that are required in line with the University's policy on the Approval of Modifications to Existing Taught Programmes of Study.