EC230: Economics of Money & Banking

Introduction

Principal 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

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 IB253-15 or IB3J8-15 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

Exam Rubric

Time Allowed: 2 Hours

Read all instructions carefully - and read through the entire paper at least once before you start entering your answers.

There are TWO sections in this paper. Answer ALL THREE questions from Section A (50 marks in total) and ALL THREE questions from Section B (50 marks in total).

Use separate booklets as instructed below.

• Use a PINK booklet for Section A questions.

• Use a SEPARATE PINK booklet for Section B questions.

You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.

Approved scientific (non-graphical) pocket calculator are allowed.

Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.

Reading Lists