Module

Money and Banking

Module description

This module undertakes a detailed analysis of various topics within the field of monetary economics, including the management of financial institutions and the economic analysis of financial regulation. The module also explores the main objectives of a Central Bank and investigates how Central Banks design and implement appropriate monetary policy strategies in line with meeting their primary objectives. The process of exchange rate determination is also examined using an asset based approach. 

Full module specification

Module title:Money and Banking
Module code:BEE2037
Module level:2
Academic year:2020/1
Module lecturers:
  • Dr Martha Omolo - Convenor
Module credit:15
ECTS value:

7.5

Pre-requisites:

BEE1029 or BEE1036 and BEE1037 or BEE1030 and BEE1031

Co-requisites:

BEE2038 and BEE2039 or BEE2025 and BEE2026

Duration of module: Duration (weeks) - term 1:

11

Module aims

The aims of this module are to:

  • Provide students with a solid understanding of various topics within the fields of Monetary Economics, Central Banking, and International Finance.
  • Help students to understand contemporary issues within the above-mentioned areas and use this understanding to debate the appropriateness of various policy responses by the relevant authorities.

ILO: Module-specific skills

  • 1. Assess the structure and management of financial institutions within the world economy
  • 2. Explain the theories, tools and strategies available to monetary authorities, and how they can be used and applied when conducting monetary policy changes.
  • 3. Explain how exchange rates can be determined using an asset based approach.
  • 4. Compare the effects of macroeconomic policies under differing exchange rate systems.

ILO: Discipline-specific skills

  • 5. Assess the appropriateness of policies aimed at various economic and financial market problems.
  • 6. Develop the ability to collect informational resources including data and evaluate these resources to address financial market challenges.

ILO: Personal and key skills

  • 7. Improve reasoning ability.
  • 8. Demonstrate the ability to communicate effectively.
  • 9. Apply collective problem-solving skills to a team challenge.
  • 10. Apply teamwork skills to complete a group task.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
271230

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled learning and teaching activities22Lectures
Scheduled learning and teaching activities5Tutorials – Weeks 3, 5, 7, 9 and 11Tutorials
Guided Independent Study123Reading, preparation for classes and assessments.

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
40600

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Average of homework tasks1020 minutes1-8On ELE
Group Work30Group submission up to 2500 words plus an individual reflective piece up to 500 words per group member 1 hour2-10Final grade and online feedback on ELE
Final exam602 hours1-8Final grade; feedback and indicative solutions posted on ELE

Details of re-assessment (where required by referral or deferral)

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Average of homework tasks (10%) Average of homework tasks (10%) 1-8August examination period
Group work (30%) Individual assignment up to 2500 words (30%)2-8August examination period
Final exam (60%) Final exam (60%) (Two hours) 1-8August examination period

Re-assessment notes

Deferred or referred group work assessment changes to an individual assignment. Referred assessments are based on either the component or components of the original form of assessment referred.

Syllabus plan

Indicative content includes:

PART 1: MONEY

  • Money
  • An overview of cryptocurrencies

PART 2:  FINANCIAL INSTITUTIONS, CENTRAL BANKING AND CONDUCT OF MONETARY POLICY

  • Banking and the Management of Financial Institutions
  • Central Banking
  • The Tools of Monetary Policy
  • The Conduct of Monetary Policy: Strategy and Tactics
  • Monetary Policy in Practice: Inflation Targeting

 

PART 3: FINANCIAL INNOVATION AND INCLUSIVITY

  • Mobile banking
  • What happens when financial innovation turns toxic?

 

PART 4 : INTERNATIONAL FINANCE AND MONETARY POLICY

  • The Foreign Exchange Market
  • Eurozone governance, sovereign risk and the banking system (Monetary Policy in an Open Economy under Fixed Exchange Rates)

Indicative learning resources - Basic reading

Prescribed Text:

  • Mishkin, F.S. 2019. The Economics of Money, Banking, and Financial Markets, 12th Edition. Pearson Education Limited.
  • Carlin, W. and Soskice, D. J. 2015, Macroeconomics: Institutions, Instability and Financial System. Oxford University Press: UK.

 

Other consulted texts:

  • e-journals will be provided on the module’s ELE page.
    • Financial Times and The Economists articles.
    • Relevant websites and articles will be posted on the module’s ELE page.

 

 

 

Module has an active ELE page?

Yes

Indicative learning resources - Web based and electronic resources

  • There will be an active ELE page.

Origin date

15/03/2018

Last revision date

03/09/2020