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Study information

Money and Banking

Module titleMoney and Banking
Module codeBEE2037
Academic year2024/5
Credits15
Module staff

Dr Martha Omolo (Convenor)

Duration: Term123
Duration: Weeks

11

Number students taking module (anticipated)

280

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. 

Module aims - intentions of the module

The aims of this module are to:

  • Provide you with a solid understanding of various topics within the fields of Monetary Economics, Central Banking, and International Finance.
  • Help you 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.

Intended Learning Outcomes (ILOs)

ILO: Module-specific skills

On successfully completing the module you will be able to...

  • 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

On successfully completing the module you will be able to...

  • 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

On successfully completing the module you will be able to...

  • 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.

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 money and financial inclusion 

  •  Digital financial literacy and financial innovations 

 

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) 

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

Scheduled Learning and Teaching ActivitiesGuided independent studyPlacement / study abroad
311190

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Scheduled learning and teaching activities22Lectures
Scheduled learning and teaching activities9Tutorials
Guided Independent Study119Reading, preparation for classes and assessments.

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
50500

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Average of homework tasks2025 minutes1-8On ELE
Group Work30Group submission up to 2500 words plus an individual reflective piece up to 500 words per group member 2-10Final grade and online feedback on ELE
Final examination502 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 (20%) Average of homework tasks (20%) 1-8Referral/Deferral Period
Group work (30%) Individual assignment up to 2500 words (30%)2-10Referral/Deferral period
Final examination (50%) Final exam (50%) (Two hours) 1-8Referral/Deferred period

Re-assessment notes

Deferral – if you have been deferred for any assessment you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of deferral will not be capped and will be treated as it would be if it were your first attempt at the assessment.

Referral – if you have failed the module overall (i.e. a final overall module mark of less than 40%) you will be expected to submit the relevant assessment. The mark given for a re-assessment taken as a result of referral will be capped at 40%

Indicative learning resources - Basic reading

Prescribed Text:

  • Mishkin, F.S. 2021.â?¯The Economics of Money, Banking, and Financial Markets, 13th Edition. Pearson Education Limited.
  • Carlin, W. and Soskice, D. J. 2015,â?¯Macroeconomics: Institutions, Instability and Financial System. Oxford Universityâ?¯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.

 

 

 

Key words search

Central banks, Monetary Policy, Financial innovation, Exchange Rates

Credit value15
Module ECTS

7.5

Module pre-requisites

BEE1029 or (BEE1036 and BEE1037) 

Module co-requisites

BEE2038 and BEE2039 or BEE2025 and BEE2026

NQF level (module)

5

Available as distance learning?

Yes

Origin date

15/03/2018

Last revision date

03/02/2024