EC230: Economics of Money & Banking
Introduction
EC230-15 Economics of Money & BankingPrincipal Aims
To provide a more detailed discussion of the key issues in the theory and practice of financial markets, banking, monetary policy and, importantly, their interaction and to embed a strong practical and policy-related element.
Principal Learning Outcomes
Subject Knowledge and Understanding:...understand the main elements of the financial system and describe the roles played by different financial assets in this system.
Subject Knowledge and Understanding:...outline and give a detailed justification of the main goals of monetary policy and also assess the relative merits of different countries' monetary policy institutions.
Subject Knowledge and Understanding:...critically discuss and debate a range of current monetary issues.
Subject-specific and Professional Key General Skills:...express their view about pertinent monetary and financial issues in a clear way orally and in writing.
Subject-specific and Professional Key General Skills:...conduct individual and collaborative research using actual data and other resources.
Subject-specific and Professional Key General Skills:...have a command of the language of macroeconomics and, particularly, feel comfortable in the interpretation and drafting of statements of a policy nature.
Subject-specific and Professional Key General Skills:...obtain official data on macroeconomic issues and use Excel, Stata and other tools to analyse such data.
Cognitive Skills:...critically analyse the arguments of others and learn to distinguish fact from conjecture.
Cognitive Skills:...analyse complex issues using data as a guide; including the interpretation of data in the context of the theoretical models.
Syllabus
The module covers topics relating to money, finance and banking. Illustrative topics include: Money; the Banking System; the Financial System; Bond and Equity Markets; Central Banking; Monetary Policy; the Payments System.
Context
- Optional Module
- L100 - Year 2, L1P5 - Year 1, L1PA - Year 1, LM1D (LLD2) - Year 2, V7ML - Year 2, V7MP - Year 2, V7MP - Year 3, V7MR - Year 2, V7MR - Year 3, V7MM - Year 4, LA99 - Year 2, LA99 - Year 3, R9L1 - Year 4, R3L4 - Year 4, R4L1 - Year 4, R2L4 - Year 4, R1L4 - Year 4, L1L8 - Year 2, L1L8 - Year 3
- Pre or Co-requisites
Any of:
EC107-30 Economics 1
OR
EC108-30 Macroeconomics 1 AND
EC109-30 Microeconomics 1
OR
EC131-15 Economics for Business with a mark of 65% in the final examination plus either EC229 or EC204 as a co- or pre-requisite
Summary:Modules: EC107-30 or EC136-15 or (EC108-30 and EC109-30) or EC131-15
- Restrictions
- May not be combined with modules PO391-30 or IB3J8-15 or IB253-15 or IB3J8-12
Assessment
- Assessment Method
- Coursework (20%) + In-person Examination (80%)
- Coursework Details
- In-person Examination (80%) , Test 1 (10%) , Test 2 (10%)
- Exam Timing
- Summer