Please note, the registration period has been updated on 16 September 2025.
Course information
Learning outcomes
To provide a comprehensive view of financial markets and institutions as well as the developments during the recent financial crisis.
By the end of the course, students will be familiar with the concepts of commercial banking, investment banking, central banking and shadow banking systems; pension funds; insurance companies and regulatory institutions. Students will understand the roots of the recent crisis and critically evaluate the advantages and disadvantages of the policy and regulatory reactions to the crisis. Students will be able to read and comprehend banks’ annual reports and the articles of Financial Times.
Content
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Teacher
Vesa Puttonen
Study material
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Workload
Lectures, 24 h
Class preparation, 12 h
Case and term paper preparation, 50 h
Exam preparation, 70 h
Exam, 3 h
Prerequisites
No prerequisites.
Evaluation
1. Lectures
2. Final exam (70%), based on lectures and other material distributed (downloaded on MyCourses)
3. Case (30%)
Teaching time and location
The teaching time and the location of the course can be found at Sisu information system
- The link leads to Completion methods tab of the course page
- From the top of the page (Version drop-down menu), check that academic year 2025-2026 is selected
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From the blue bar, click Lecture and open the Groups and teaching times tab to see the teaching time and the location of the course. Exam times can be seen by clicking Exam.
Exam instructions at the Open University
The teacher has four (4) weeks to grade the exam submissions starting from the exam date.
Further information
Equivalences to other courses: 28C00800 Financial Markets and Institutions
Online learning environment for the course
MyCourses online learning environment is a tool for both students and teachers for communication and managing everyday course work. You need an Aalto User ID to log in to the course's MyCourses workspace and participate in teaching.
Digital workspace of the course:
MyCourses
More details on completing the course will be available at MyCourses closer to the start of the course.
Registration and course fee
Registration for Open University courses is done via the link below:
Course registration
Registration for this course starts on 8.12.2025 at 9.00
Registration for this course ends on 7.1.2026 at 23.59 (Please note, the registration period has been updated on 16 September 2025.)
It is not possible to register before the registration period has started or after it has ended.
The number of participants is limited to 50.
This course is organized by the Aalto University School of Business.
The course fee is paid upon registration for each course at a time and it is binding. Familiarize yourself with registration and payment rules as well as other guidelines for students:
Registration, payments and rules
Activating Aalto ID and Multifactor Authentication
You can activate your Aalto User ID the day after the registration and you should activate it no later than the day before the start of the course.
Instructions for activating your Aalto user ID
Once you have activated your Aalto user ID, also enable multifactor authentication. Some of Aalto University's services require multifactor authentication.
Instructions for using Multifactor Authentication
