SOAS University of London

Department of Economics

Banking and Finance (Diploma)

Module Code:
Unit value:
Year of study:
Year 1
Taught in:
Full Year

This course teaches the principles of finance in the context of advanced capitalist economies, less developed countries, countries in the process of transformation from central planning, and the international financial system. Topics covered include:

  • monetary policy, 
  • foreign exchange and international debt, 
  • credit allocation, 
  • financial liberalisation, 
  • the role of financial institutions in economic development.

Objectives and learning outcomes of the module

On successful completion of this course, you will understand the basic concepts used in economics and some of the controversies surrounding them.

Method of assessment

Assessment weighting: Exam 70%, coursework 30% (two essays, 15% each). Resubmission of coursework regulations do not apply to this course.

Suggested reading

Preliminary Reading:

1. Mishkin F, 2001, The Economics of Money, Banking, and Financial Markets, 6th ed., Addison Wesley.
2. Heffernan, S. 2005. Modern Banking, Chichester: Wiley.
3. Lewis, MK and Davis, KT, 1987, Domestic and International Banking, Hemel Hempstead: Phillip Allan.
4. Toporowski, Jan 'Why the World economy Needs a Financial Crash' and other critical essays on finance and financial economics London: Anthem Press 2010.


Important notice regarding changes to programmes and modules