CENTRAL BANKING AND MONETARY ECONOMICS - 2023/4
Module code: ECOM072
The first part of this module draws a big picture of the banking systems and introduces how central banks interact with financial markets. More precisely, we cover topics on central banking, monetary policies, and international banking. The second part of this module is more research oriented and focuses on several fundamental topics on central banking and monetary economics.
RISPOLI Luciano (Economics)
Number of Credits: 15
ECTS Credits: 7.5
Framework: FHEQ Level 7
Module cap (Maximum number of students): N/A
Overall student workload
Independent Learning Hours: 80
Lecture Hours: 22
Tutorial Hours: 10
Guided Learning: 6
Captured Content: 32
Prerequisites / Co-requisites
¿ The role of Central Banks
¿ Central Bank communication and unconventional monetary policies
¿ Monetary Policy and real time data
¿ Optimal inflation targeting
¿ The interaction between financial markets and the economy
|Assessment type||Unit of assessment||Weighting|
|Online Scheduled Summative Class Test||Test||50|
The assessment strategy is designed to provide students with the opportunity to demonstrate:
Familiarity and understanding of the theoretical notions behind central banking and monetary economics as well as being able to showcase the ability to apply these in real life scenarios, as well as, by association, developed their global, resourcefulness and resilience and employability capabilities.
Thus, the summative assessment for this module consists of:
¿ An exam worth 50% of the final grade (linked to learning outcomes 1-3)
¿ A final coursework worth 50% of the final grade (linked to learning outcomes 1-4)
Formative assessment & feedback
Students receive verbal feedback during the in-person lectures, workshops and tutorial sessions. Students are provided with a set of exercises relating to the lecture material which they solve independently or in teams in preparation for the tutorials. In these seminar tutorials, they receive feedback on their answers, and guidance on how these answers could be improved. In addition to this, students receive guideline solutions online. Office hours provide students with further feedback and consultation opportunities.
- Introduce students to core advanced concepts in central banking and monetary economics.
- Develop an appreciation of the workings of central banks and their activities.
- Systematically and critically understand how central banks conduct monetary policy.
- Be able to critically evaluate benefits and effects of monetary policy on the economy.
|001||Understanding the general functioning of the banking systems||CKP|
|002||Evaluating the impacts of monetary policies on the economy||CKP|
|003||Mastering the principles and basic tools of central banking and monetary policy||CKP|
|004||Developing awareness of influential research concerning central banking and monetary economics||CKPT|
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:
Explore the theoretical concepts and familiarize with the workings of central banks and conduct of monetary policy.
Be able to apply the theoretical concepts learnt in the lectures to real world scenarios.
Equip students with the necessary knowledge and skills to enable them to conduct independent research in the field of central banking and monetary economics.
The learning and teaching methods include:
¿ 2 hours lecture x 11 weeks
¿ 1 hour tutorial x 10 weeks
¿ 6 hours guided learning
¿ 32 hours captured content
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.
Upon accessing the reading list, please search for the module using the module code: ECOM072
This module incorporates some of the University¿s five pillars of learning as follows: Resourcefulness and resilience: Students in this module will develop their understanding and skills through assessment and feedback in tutorials. Tutorial feedback sessions are designed to provide students with the opportunity to ask question and deepen their understanding of the topics. Global capabilities: Real life examples will be utilized in this module which will build students global capabilities. Employability: This module will provide students with relevant soft skills to prepare them to successfully compete in the labor market and continuing education.
Programmes this module appears in
|Economics (Macroeconomics and Financial Markets) MSc||2||Compulsory||A weighted aggregate mark of 50% 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.