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Financial markets and institutions

This is the study programme for 2019/2020. It is subject to change.

The role of financial markets and their impact on the world economy has increased in recent years. This course gives you an introduction to financial markets by presenting the major securities markets, derivatives markets, and the foreign exchange markets. It also briefly introduces you to the different types of financial institutions participating in these markets and the many risks they are exposed to.

Learning outcome

By the end of the course, the students will have gained knowledge of:
  • The purpose and major features of different securities markets
  • Trading in financial markets
  • The various risks facing investors and financial institutions
  • How to manage risk with options, futures and forward contracts

By the end of the course, the students will be able to
  • Calculate accrued interest and yield to maturity of a bond
  • Calculate profit and loss on foreign exchange positions and futures contracts
  • Identify the relations among interest rates, inflation, and exchange rates

By the end of the course, the students will have gained an understanding of:
  • How financial markets work and how they are connected
  • How risks in domestic and international financial markets are related


The course will focus on the following topics:
  • The money market
  • The bond market
  • The stock market
  • The foreign exchange market
  • Financial institutions
  • Trading in financial markets
  • The risks facing financial institutions

The course consists of weekly lectures and about five problem sets handed out during the semester. There will also be one or two guest lectures by people from the financial industry.

Required prerequisite knowledge


Recommended previous knowledge

Students will benefit from having completed introductory courses in investments, finance and mathematics.


Weight Duration Marks Aid
Written exam1/14 hoursA - FValid calculator.1)
1) approved calculator

Course teacher(s)

Course coordinator
Siri Valseth

Method of work

There will be lectures, about 4 hours per week, and 3-5 problem sets. There will be seminars after the problem sets are due to discuss questions related to the problem sets.
The total work load in this course is estimated to 250-300 hours.

Open to

Business Administration - Bachelor's Degree Programme
Business Administration - Master of Science (5 years)

Course assessment

Student evaluation will be carried out in accordance with the UiS Business School's evaluation system


Link to Reading List

This is the study programme for 2019/2020. It is subject to change.

Sist oppdatert: 08.04.2020