ECON3001J International Money & Banking

Academic Year 2023/2024

This module focuses on central banks, monetary policy and the role of the banking system in the economy. It is organised around 4 main themes.
1. Banks, Financial Intermediation and Central Banks
How banks operate, why they are important, what central banks are, how they create money, the relationship between money and inflation and how central banks control short-term interest rates.
2. Financial Crises, Bubbles and Banking Regulation
How banking and financial crises come about, policies to prevent and deal with crises, in particular Chinese housing market bubble.
3. How Central Banks Affect the Economy
The term structure of interest rates, default risk and collateral, asset prices, effects of real interest rates on consumption and investment, liquidity traps.
4. The Limits to Monetary Policy and Central Bank Strategy
Inflation and the Phillips curve, central bank institutions, goals and strategies, rules for setting interest rates.

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Curricular information is subject to change

Learning Outcomes:

After this course you will know how the banking system operates and how it influences the economy. You will understand what monetary policy is and how it is implemented by the major international central banks. You will understand how financial crises occur and the policies used to prevent them and deal with them. You will be able to assess various proposals for changes in central bank policies and proposals relating to banking regulation. You will be able to understand debates about how central banks should respond to various macroeconomic and financial events and be a more sophisticated consumer of commentary on macroeconomic and financial issues.

Student Effort Hours: 
Student Effort Type Hours
Lectures

36
Autonomous Student Learning

80
Total

116
Approaches to Teaching and Learning:
The module is based on lectures and a few tutorial lectures throughout the term. The module focuses on reflective learning. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: Continuous assessment Throughout the Trimester n/a Alternative linear conversion grade scale 40% No

40
Examination: Written exam 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No

60

Carry forward of passed components
No
 
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment

How will my Feedback be Delivered?

In case they need further explanations, students can ask for an oral (or email) individual feedback about their result on midterm (or final) exam.

Name Role
Daire Crotty Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 

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