BUU33760 Financial Markets and Institutions 2025/26

(5 ECTS)

Lecturer: Dr Supriya Kapoor 

Email: supriya.kapoor@tcd.ie

Office Hours: Monday 4-5pm (Booking required through Doodle poll)

Pre- Requisite:

BUU22550: Introduction to Finance

Module Description:

This module primarily focuses on understanding financial and economic concepts relating to the characteristics in banking and financial markets. This module attempts to provide students with a comprehensive understanding of the functioning of financial markets and the crucial role that financial institutions play in the economy. Students will explore different types of financial markets, number of financial crises that have occurred in recent decades, their causes and impacts on the real economy. Finally, students will examine financial regulation and the regulatory changes that have been implemented to attempt to prevent future crises.

Learning and Teaching Approach: 

This module is structured around a series of lectures and readings including research papers on emerging trends, as well as in-class discussions and group presentations.

Module-Level Learning Outcomes: 

Having completed this module, the student should be able to:

1. Understand the role of financial markets and institutions in the economy
2. Examine the policies employed to mitigate financial risks and crisis
3. Examine some of the financial crises that have occurred, their causes and effects
4. Describe and evaluate the regulation that has been put in place to try to prevent future crises.
5. Analyse the complexities of central banking operations and their significant impact on the stability and health of financial systems.

Relation to Degree: 

This course provides an analysis of the role of financial markets and institutions, an understanding of which is essential for any finance-related degree.

Workload: 

Textbooks and Required Resources: 

Required core course textbooks:

Mishkin, F.S. & Eakins, S.G. (2018), Financial Markets and Institutions, (9^th ed.), Harlow: Pearson Education.

De Haan, J., Schoenmaker, D., and Wierts, P. (2020), Financial Markets and Institutions: A European Perspective, (4^th ed.), Cambridge: Cambridge University Press.

General Supplement Reading: 

Readings will be assigned throughout the course and will be posted on Blackboard.

Student Preparation for the Module: 

Students are advised to read recommended articles in advance of each part of the course.  They will also be expected to contribute to class discussions and participate in class assignments.

Course Communication: 

Lecture slides and readings, assignment descriptions and announcements will be posted on Blackboard.

Please note that all course related email communication must be sent from your official TCD email address. Emails sent from other addresses will not be attended to.

Assessment: 

The assessment for this course is split between continuous assessment and final exam. The breakdown is as follows:

Continuous assessment: 40%
Final exam – 60%

Students who fail the module will need to submit a supplemental final assessment.  The supplemental assessment will count for 100% of the grade.

Attendance at lectures and tutorials is required, any student who attends less than two thirds of lectures and tutorials may be deemed non-satisfactory as per college regulations and may not be allowed to sit the final exam. 
https://www.tcd.ie/undergraduate-studies/academic-progress/attendance-course-work.php

Biographical Note:

Dr. Supriya Kapoor is an Assistant Professor in Finance at the Trinity Business School, Trinity College Dublin and a Research Affiliate at the Central Bank of Ireland. She holds a PhD in Financial Economics from University College Dublin and an MSc in Economics from Trinity College Dublin. Dr. Kapoor did her undergraduate degree in B.A.(Hons) Economics  from Delhi University, India.

Dr. Kapoor's primary research focus is on macro-finance with an emphasis on monetary policy, banking and firm behaviour that involves examining the interplay between large-scale economic policies and the actions of financial institutions and non-financial corporations. She has published her work in high-quality leading international journals including Journal of Banking and Finance, Small Business Economics and International Journal of Central Banking, among others. Most of her ongoing research papers are empirical in nature with strong theoretical foundations and implications for monetary and regulatory policies. She contributes to the field by producing high quality and impactful research outputs by focusing on the implications of various asset purchase programmes, unconventional and conventional monetary policy on real economy. Dr. Kapoor has successfully collaborated on projects (ongoing and completed) with researchers at the Central Bank of Ireland, European Central Bank, Banque de France, Sveriges Riksbank, Queen Mary University of London and University of Essex. She has also been a funded Visiting Scholar at the Banque de France and Sveriges Riksbank. In March 2024, Dr. Kapoor has been appointed as a Research Affiliate at the Macro-Finance Division of Central Bank of Ireland.

In terms of teaching, Dr. Kapoor teaches Introduction to Finance and Financial Markets and Institutions, and Financial Management on the UG Programme and Introductory Finance on the MSc Operations and Supply Chain Management as well as Entrepreneurial Finance on the Flexible Executive MBA. In 2024, the Trinity Business School launched a new module BUU33760 Financial Markets and Institutions and Dr. Kapoor has successfully designed and delivered the module. She has previously taught a range of undergraduate and postgraduate modules in Economics and Finance at University College Dublin, National University of Ireland, Maynooth and Dublin City University (Business School), thus bringing her total teaching experience to more than six years at leading universities in Ireland. Prior to joining TCD, Dr. Kapoor was an Assistant Lecturer in Finance at the Technological University Dublin.

Apart from research and teaching, Dr. Kapoor engages in pioneering ideas and offering innovative insights in finance and macroeconomics as a thought leader. Specifically, she has contributed non-academic articles to The Conversation, MeJudice and has participated in a podcast, 'The Why Curve' where she spoke to the audiences on the role of central banks and inflation.