02.148HT Geographies of Money and Finance

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Money flows like mercury. It has entered every sphere of the world economy, transforming human relations over time and space. From pension funds to cryptocurrencies, societies revolve around finance. This course is open to students who are interested in learning about financial topics from a social scientific perspective, and will be helpful for those keen in careers in finance. Understanding the multi-scalar manifestations of the geographies of money and finance, and their influence in shaping relations (political, economic and social) are essential to designing better financial systems and applications.

The themes covered include financial actors, institutions, practices, ethics, technologies and innovations. Using examples such as offshore tax havens and financial crises, we shall learn how spatial concepts like space, place and scale can explain contemporary processes in finance. How do finance professionals construct their authority through calculative practices like derivatives pricing and risk management? What roles do international financial centers (IFCs) play in the command and control of the global economy? How does financial innovation occur across space? This course will help students to develop a more critical view of the nature of money and finance, and gain a deeper appreciation of the many ways our lives are becoming increasingly intertwined with finance.

Learning Objectives

1. Describe and explain the different manifestations of money and finance as they occur at different scales
2. Critique and evaluate theoretical debates in money and finance using clear and reasoned arguments
3. Critically analyze the complex relationships between money, its circulation and consumption among financial centres, institutions and agents
4. Apply theories of money and finance to explaining economic, political and social phenomenon

Course Requirement

Assessment Percentage
WEC – Class participation 10
WEC – Weekly quiz 20
WEC – Individual reaction papers 30
WEC – Flipped classroom 25
WEC – Finance diary 15

Course Map

Week 1: Course introduction: Remembering the Great Financial Crisis

Week 2: The Nature of Money

Week 3: Localities Matter in Global Finance

Week 4: Financialisation Part I: What is ‘Financialisation’?

Week 5: Financialisation Part II: Elite Finance

Week 6: Financial Subjects: Shifting Responsibilities

Week 8: Finance as a Cultural Practice

Week 9: Financial Exclusion Through Calculative Practices

Week 10: Ethics in Finance – An Oxymoron?

Week 11 & 12: Financial Wizardry: New Technologies and Innovations

Week 13: Movie Time

Week 14: Finance Diaries Due

Instructor
Gordon Tan