The module focuses on understanding the monetary sector of the economy. The role of banks and financial markets will lay the foundations for understanding the ensuing topics. The module proceeds to explain the interaction between money and the economy, and moves on to monetary policy institutions and strategies. The module closes with a discussion of financial crises.
Teaching will take the form of weekly workshops comprising of a combination of both lecture and seminar components. The lecture component of the workshops will introduce and highlight the main issues within each topic. The seminar component of the workshops will explore real-life applications of the concepts learned in the lecture component, mainly through the reading and discussion of relevant journal articles and country case studies.
| Definitive UNISTATS Category | Indicative Description | Hours |
|---|---|---|
| Scheduled learning and teaching | Weekly 2-hour workshops | 66 |
| Guided independent study | Independent guided study Assessment preparation | 234 |
| Total (number of credits x 10) | 300 | |
The module is assessed by a 2-hour end-of-year unseen exam, a case study, and a 1,500-word essay. The final exam evaluates the knowledge and understanding of key theoretical models. The case study focuses on evaluating the student's ability to understand real-life problems relevant to the module. The essay aims at testing the student's capacity to communicate, at length and in-depth, relevant concepts and information taught in the module.
| Learning Outcome | Assessment Strategy |
|---|---|
| Explain the role of money and financial institutions | Final exam |
| Understand banks and financial markets | Final exam |
| Describe, and consider the implications of, monetary policy design and implementation | Case study |
| Demonstrate an understanding of financial crises | Essay |
| Description of Assessment | Definitive UNISTATS Categories | Percentage |
|---|---|---|
| Coursework | Case study | 25 |
| Coursework | Essay | 25 |
| Written exam | Two hour unseen examination | 50 |
| Total (to equal 100%) | 100% | |
It IS NOT a requirement that any element of assessment is passed separately in order to achieve an overall pass for the module.
Ball, Laurence M. (2012) Money, Banking, and Financial Markets, 2nd edition, Worth publishers.
Ghatak, Subrata, and José R. Sánchez-Fung (2007) Monetary economics in developing countries, third edition, Palgrave Macmillan.
Mishkin, Frederic S. (2012) The Economics of Money, Banking, and Financial Markets, 10th edition, Pearson publishers.
Walsh, Carl E. (2010) Monetary Theory and Policy, 3rd edition, the MIT Press. [Advanced text]