Surrey University Stag

MONEY AND BANKING - 2023/4

Module code: ECO3019

Module Overview

Utilising the material taught across different principal subjects in Economics, this module provides a comprehensive introduction to theoretical and applied issues related to the global banking industry. Understanding the role of the financial system in the economy in ensuring the efficient allocation of resources, its effect on policy making and the risks involved from a potential disruption of its operation are key learning outcomes from this module, especially for students who are interested in applying for employment in the financial sector.

Module provider

Economics

Module Leader

LAZOPOULOS Ioannis (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 6

JACs code: L100

Module cap (Maximum number of students): N/A

Overall student workload

Independent Learning Hours: 95

Lecture Hours: 22

Guided Learning: 33

Module Availability

Semester 2

Prerequisites / Co-requisites

None.

Module content

Indicative content includes:


  • The role of financial intermediaries in the financial system;

  • Types of financial intermediaries and their functions;

  • Banks vulnerability to default and bank regulation;

  • Central banking and the role of banks in monetary policy;

  • Banks’ financial statements;

  • Mergers & Acquisitions

  • Management of banks and off-balance sheet activities;

  • Microeconomics of banking and deposit contracts;

  • Liquidity provision and bank runs.


Assessment pattern

Assessment type Unit of assessment Weighting
School-timetabled exam/test MIDTERM TEST 30
Examination FINAL EXAM 70

Alternative Assessment

Not applicable.

Assessment Strategy

The assessment strategy is designed to provide students with the opportunity to demonstrate awareness of the functions performed by markets and institutions and critical understanding of  their importance in the wider economy.

Thus, the summative assessment for this module consists of:

A midterm test worth 30% of the final grade.

Final exam covering the entire module worth 70% of the final grade.

Formative assessment and feedback

Students receive feedback on a continuous basis in the form of verbal feedback through discussion of open-ended questions during lectures or questions provided in the workshop problem sets. Students also receive detailed solutions to  questions/exercises against which they can compare their answers. Through the availability of previous exam papers and the provision of mock coursework questions, students are able to familiarise themselves with the structure of the assessment. Moreover, after the University designed marking period, student will receive feedback on their midterm  to improve their performance in the remainder of the module and the final assessment.

 

Module aims

  • Help students to understand the specific role of financial markets and intermediaries in the financial system
  • Introduce students to the functions and operations of modern financial intermediaries and the consequences of these operations to the wider economy.
  • Students will be able to link the theory to real world problems and evaluate the events associated with financial crises experienced in recent years.

Learning outcomes

Attributes Developed
001 Students will be able to use simple t-accounts to explain the basic operations of financial intermediaries KCPT
002 Students will be able to appreciate financial intermediaries¿ vulnerability to default and the role of regulatory framework KCP
003 Students will be able to use mathematical models to explain operations undertaken by financial intermediaries KCT
004 Students will be able to evaluate the performance of financial institutions KCP

Attributes Developed

C - Cognitive/analytical

K - Subject knowledge

T - Transferable skills

P - Professional/Practical skills

Methods of Teaching / Learning

The learning and teaching strategy is designed to:

Enhance students’ perception of the complex role of financial intermediaries and the consequences of their operations to the wider economy.

In person lectures are designed to help students to connect the content taught to empirical applications and Economic theory.

The learning and teaching methods include:


  • 2 hour in person lecture per week x 11 weeks


Indicated Lecture Hours (which may also include seminars, tutorials, workshops and other contact time) are approximate and may include in-class tests where one or more of these are an assessment on the module. In-class tests are scheduled/organised separately to taught content and will be published on to student personal timetables, where they apply to taken modules, as soon as they are finalised by central administration. This will usually be after the initial publication of the teaching timetable for the relevant semester.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: ECO3019

Other information

The School of Economics is committed to developing graduates with strengths in Employability, Digital Capabilities, Global and Cultural Capabilities, Sustainability, and Resourcefulness and Resilience. This module is designed to allow students to develop knowledge, skills, and capabilities particularly in the following areas:

Resourcefulness and resilience:

Students in this final year module will further develop and connect their understanding and skills in a variety of fields in Economics and Finance ranging from Economic theory, Micro- and Macro-economics to Monetary Economics, Finance and Accounting.

Sustainability:

This module teaches the fundamentals of financial and investment strategy, including adaptation to changing contexts in terms of technology, institutions, and markets.

Global capabilities:

Real life finance examples are used in this module to enable students to build awareness of different cross-country financial systems and investment possibilities.

Employability:

This module will provide students with necessarily technical skills to pursue a career in the financial sector.

Programmes this module appears in

Programme Semester Classification Qualifying conditions
Politics and Economics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Business Economics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Economics and Finance BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Economics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module
Economics and Mathematics BSc (Hons) 2 Optional A weighted aggregate mark of 40% is required to pass the module

Please note that the information detailed within this record is accurate at the time of publishing and may be subject to change. This record contains information for the most up to date version of the programme / module for the 2023/4 academic year.