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Module ASB-3206:
Money and Banking

Module Facts

Run by Bangor Business School

10 Credits or 5 ECTS Credits

Semester 2

Organiser: Mr Francesco Lopes

Overall aims and purpose

To make students conversant in the language of financial markets and institutions, including providing an understanding of: (i) what money is and why we use it; (ii) the fundamental concepts of a financial instrument, including bonds, stocks and foreign exchange; (iii) the basic purpose of financial markets; (iv) the role of financial institutions in the economy, with special emphasis on banks; (v) the importance of central banks and the conduct of monetary policy; (iv) new theories in monetary economics.

Course content

Money and the financial system; Interest rates, financial instruments and financial markets; Financial institutions and bank management; Central banks, monetary policy and financial stability; Central bank balance sheet and the money supply process; Modern monetary economics.

Assessment Criteria

threshold

A basic knowledge of course material.

good

In addition to the above, an ability to write analytically on specific issues.

excellent

In addition to the above, the ability to illustrate and enhance arguments and analyses through the use of relevant supporting evidence drawn from the established literature.

Learning outcomes

  1. Understand how the financial system works and why it changes as it does.

  2. Be an informed reader of the financial and economic news.

  3. Understand how to put the financial system to use for them.

  4. Understand the usefulness of bonds and stocks.

  5. Understand what financial institutions do.

  6. Understand how central banks work.

  7. Understand how basic monetary models work.

Assessment Methods

Type Name Description Weight
Assignment/Online Test 25
Final Examination S2 2hrs 75

Teaching and Learning Strategy

Hours
 

One 2-hour lecture per week.

  

Courses including this module

Compulsory in courses:

Optional in courses: