CENTRAL BANKING AND FINANCIAL MARKETS - 2023/4

Module Overview

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 financial markets.

Module provider

Economics

Module Leader

ZARETSKI Aliaksandr (Economics)

Number of Credits: 15

ECTS Credits: 7.5

Framework: FHEQ Level 7

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

Module Availability

Semester 2

Prerequisites / Co-requisites

NA

Module content

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 pattern

Alternative Assessment

NA

Assessment Strategy

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:

A test 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. Students are provided with a set of exercises relating to the lecture material which they solve independently or in teams. 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.

Module aims

• Introduce students to core advanced concepts in central banking and financial markets.
• 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 and financial markets.

Learning outcomes

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 financial markets. The learning and teaching methods include: Lectures, which are recorded and disseminated as 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.

Reading list

https://readinglists.surrey.ac.uk
Upon accessing the reading list, please search for the module using the module code: ECOM080

Other information

In line with the University's curriculum framework, 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 in the following areas:

Resourcefulness and resilience

Students in this module will develop their understanding and skills through assessment and feedback during lectures. Feedback sessions in class 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 labour market and continuing education.

Programmes this module appears in

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.