Money and Banking 2

Module description

Summary:

This module explores the functions of a Central Bank and the design of macroeconomic policy. It also examines exchange rate systems and the development of the International Monetary System.

Additional Information:

Internationalisation
The course is split between central banking and international finance. Reference will be made to specific data-based examples throughout the course..

Sustainability
All of the resources for this module are available on the ELE (Exeter Learning Environment).

Employability
Students develop a number of transferable skills, including problem solving, numeracy, essay writing, creativity, and the ability to analyse macroeconomic.

Full module specification

Module title:Money and Banking 2
Module code:BEE3044
Module level:3
Academic year:2016/7
Module lecturers:
  • Dr Dudley Cooke - Lecturer
Module credit:15
ECTS value:

7.5

Pre-requisites:

BEE2026 or BEE2024, BEE2028 highly recommended

Co-requisites:

None

Duration of module: Duration (weeks) - term 2:

11

Module aims

The aims of this module are to undertake a detailed analysis of various topics in the fields of Monetary-Macro Economics, Central Banking, and International Finance. The approach is geared towards analyzing instruments available to the Monetary Authorities, although there will be some discussion of fiscal policy.

ILO: Module-specific skills

  • 1. know an enhanced understanding of the following issues: What are the objectives of monetary policy and how is it conducted in practice? What determines exchange rates? How do the effects of monetary and fiscal policy differ between a fixed and flexible exchange rate regime?

ILO: Discipline-specific skills

  • 2. analytical skills, specifically the ability to use mathematical models to analyse economic problems.

ILO: Personal and key skills

  • 3. writing good English, improving reasoning ability, public speaking, knowledge of the dataset and the analytical product published by BoE.

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

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
201300

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Contact hours20Lectures

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Online forumOpen on ELE throughout the module1-3Response on forum from lecturer

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
01000

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Exam752 hours1-3To include one of the following: Mark, Sample answers, written or verbal feedback, individually or group
Mid-Term251 hour1-3To include one of the following: Mark, Sample answers, written or verbal feedback, individually or group
0
0
0
0

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

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
Exam and Mid-Term2 hour Exam1-3August/September assessment period

Syllabus plan

The module is divided in 3 parts.

Part 1: Building Blocks of a Macro Model
• Business Cycle Facts
• Investment
• Money Demand
Part 2: Closed Economy Model
• Propagation of Shocks
• Stabilization Policy
Part 3: Open Economy Model
• Aggregate Demand and Supply in an Open Economy
• Policy Options in an Open Economy

Indicative learning resources - Basic reading

Basic reading (selected chapters from part II):

Introducing Advanced Macroeconomics: Growth and Business Cycles 2/e
Peter Sorensen, Hans Whitta-Jacobsen

Other books (which may aid intuition)
Money, Banking and Financial Markets by Stephen G. Cecchetti
The textbook recommended for Part II is:
International Economics: Theory and Policy by Paul R. Krugman and Maurice Obstfeld

Module has an active ELE page?

Yes

Origin date

01/09/2007

Last revision date

14/11/2013