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<p>Principles of banking and fi nance
M. Buckle, E. Beccalli
Undergraduate study in
Finance and the Social Sciences
This is an extract from a subject guide for an undergraduate course offered as part of the
University of London International Programmes in Economics, Management, Finance and
the Social Sciences. Materials for these programmes are developed by academics at the
London School of Economics and Political Science (LSE).
For more information, see: www.londoninternational.ac.uk
This guide was prepared for the University of London International Programmes by:
M. Buckle, MSc, PhD, Senior Lecturer in Finance, European Business Management School,
Department of Accounting, University of Wales, Swansea.
E. Beccalli, Visiting Senior Fellow in Accounting, London School of Economics and
This is one of a series of subject guides published by the University. We regret that due to
pressure of work the authors are unable to enter into any correspondence relating to, or aris-
ing from, the guide. If you have any comments on this subject guide, favourable or unfavour-
able, please use the form at the back of this guide.
University of London International Programmes
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Published by: University of London
© University of London 2008
Reprinted with minor revisions 2012
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otherwise indicated. All rights reserved. No part of this work may be reproduced in any form,
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Chapter 1: Introduction .......................................................................................... 1
General introduction to the subject ..........