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Module Catalogue

EC230-15 Economics of Money & Banking

Department
Economics
Level
Undergraduate Level 2
Module leader
Jennifer Smith
Credit value
15
Module duration
10 weeks
Assessment
Multiple
Study location
University of Warwick main campus, Coventry

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Introductory description

EC230-15 Economics of Money & Banking

Module web page

Module 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.

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

The module covers topics relating to money, finance and banking. Illustrative topics include: Money; the Banking System; the Financial System; Bond and Equity Markets; Central Banking; Monetary Policy; the Payments System.

Learning outcomes

By the end of the module, students should be able to:

  • 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.

Indicative reading list

Reading lists can be found in Talis

Specific reading list for the module

International

The module explores international monetary policy, cryptocurrency and international regulation thereof, and international examples of the benefits of central bank independence.

Subject specific skills

Applied Economics
Economic information
Economic principles
Research and debate
Abstraction
Analysis of incentives
Analysis of institutions
Analytical reasoning
Analytical thinking and communication
Creative thinking
Critical thinking
Policy evaluation
Problem solving
Strategic thinking

Transferable skills

Data-based skills
IT skills
Numeracy and quantitative skills
Research skills
Information technology
Math, Statistical, data-based research skills
Oral communication
Team work skills
Written communication

Study time

Type Required
Lectures 20 sessions of 1 hour (16%)
Seminars 4 sessions of 1 hour (3%)
Private study 102 hours (81%)
Total 126 hours

Private study description

Private study will be required in order to prepare for seminars/classes, to review lecture notes, to prepare for forthcoming assessments, tests, and exams, and to undertake wider reading around the subject.

Costs

No further costs have been identified for this module.

You do not need to pass all assessment components to pass the module.

Assessment group D5
Weighting Study time Eligible for self-certification
Test 1 10% No
Test 2 10% No
In-person Examination 80% No

An exam which examines the course content and ensures learning outcomes are achieved.

  • Answerbook Pink (12 page)
  • Students may use a calculator
Assessment group R2
Weighting Study time Eligible for self-certification
In-person Examination - Resit 100% No

An exam which examines the course content and ensures learning outcomes are achieved.

  • Students may use a calculator
  • Answerbook Pink (12 page)
Feedback on assessment

The Department of Economics is committed to providing high quality and timely feedback to students on their assessed work, to enable them to review and continuously improve their work. We are dedicated to ensuring feedback is returned to students within 20 University working days of their assessment deadline. Feedback for assignments is returned either on a standardised assessment feedback cover sheet which gives information both by tick boxes and by free comments or via free text comments on tabula, together with the annotated assignment. For tests and problem sets, students receive solutions as an important form of feedback and their marked assignment, with a breakdown of marks and comments by question and sub-question. Students are informed how to access their feedback, either by collecting from the Undergraduate Office or via tabula. Module leaders often provide generic feedback for the cohort outlining what was done well, less well, and what was expected on the assignment and any other common themes. This feedback also includes a cumulative distribution function with summary statistics so students can review their performance in relation to the cohort. This feedback is in addition to the individual-specific feedback on assessment performance.

Past exam papers for EC230

Pre-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

To take this module, you must have passed:

Anti-requisite modules

If you take this module, you cannot also take:

  • IB3J8-15 Banks and Financial Systems
  • IB3J8-12 Banks and Financial Systems
  • PO391-30 The Political Economy of Money
  • IB253-15 Principles of Finance 1

Courses

This module is Optional for:

  • Year 2 of UIBA-N203 BSc in International Management
  • Year 2 of UIBA-N201 BSc in Management
  • Year 2 of UIBA-N202 BSc in Management (with Intercalated Year/UPP)
  • UIBA-MN34 Law and Business Four Year (Qualifying Degree)
    • Year 3 of MN34 Law and Business Studies Four Year (Qualifying Degree)
    • Year 4 of MN34 Law and Business Studies Four Year (Qualifying Degree)
  • TECA-L1PA Postgraduate Taught Economics (Diploma plus MSc)
    • Year 1 of L1PA Economics (Diploma plus MSc)
    • Year 2 of L1PA Economics (Diploma plus MSc)
  • Year 2 of UIBA-N4N4 Undergraduate Accounting and Finance (with Foundation Year)
  • UECA-3 Undergraduate Economics 3 Year Variants
    • Year 2 of L100 Economics
    • Year 2 of L116 Economics and Industrial Organization
  • Year 2 of UECA-4 Undergraduate Economics 4 Year Variants
  • Year 2 of UECA-LM1D Undergraduate Economics, Politics and International Studies
  • UPHA-L1CA Undergraduate Economics, Psychology and Philosophy
    • Year 2 of L1CA Economics, Psychology and Philosophy
    • Year 2 of L1CC Economics, Psychology and Philosophy (Behavioural Economics Pathway)
    • Year 2 of L1CD Economics, Psychology and Philosophy (Economics with Philosophy Pathway)
    • Year 2 of L1CE Economics, Psychology and Philosophy (Philosophy and Psychology Pathway)
    • Year 3 of L1CA Economics, Psychology and Philosophy
    • Year 3 of L1CD Economics, Psychology and Philosophy (Economics with Philosophy Pathway)
    • Year 3 of L1CE Economics, Psychology and Philosophy (Philosophy and Psychology Pathway)
    • Year 4 of L1CB Economics, Psychology and Philosophy (with Intercalated Year)
  • UPHA-L1CB Undergraduate Economics, Psychology and Philosophy (with Intercalated Year)
    • Year 4 of L1CG Economics, Psychology and Philosophy (Behavioural Economics Pathway) (with Intercalated Year)
    • Year 4 of L1CH Economics, Psychology and Philosophy (Economics with Philosophy Pathway) (with Intercalated Year)
    • Year 4 of L1CJ Economics, Psychology and Philosophy (Philosophy and Psychology Pathway) (with Intercalated Year)
    • Year 4 of L1CB Economics, Psychology and Philosophy (with Intercalated Year)
  • UIBA-N140 Undergraduate International Business
    • Year 2 of N140 International Business
    • Year 4 of N140 International Business
  • Year 4 of UIBA-N1R1 Undergraduate International Business with French
  • Year 4 of UIBA-N1R2 Undergraduate International Business with German
  • UIBA-N1R3 Undergraduate International Business with Italian
    • Year 2 of N1R3 International Business with Italian
    • Year 4 of N1R3 International Business with Italian
  • UIBA-N1R4 Undergraduate International Business with Spanish
    • Year 2 of N1R4 International Business with Spanish
    • Year 4 of N1R4 International Business with Spanish
  • Year 3 of UIBA-MN31 Undergraduate Law and Business Studies
  • UIBA-MN32 Undergraduate Law and Business Studies
    • Year 3 of MN32 Law and Business Studies (Four-Year)
    • Year 4 of MN32 Law and Business Studies (Four-Year)
  • UIBA-MN37 Undergraduate Law and Business Studies (Qualifying Degree) with Intercalated Year
    • Year 4 of MN37 Law and Business Studies (Qualifying Degree) with Intercalated Year
    • Year 5 of MN37 Law and Business Studies (Qualifying Degree) with Intercalated Year
  • UIBA-MN36 Undergraduate Law and Business Studies with Intercalated Year (4+1)
    • Year 4 of MN36 Law and Business Studies with Intercalated Year (4+1)
    • Year 5 of MN36 Law and Business Studies with Intercalated Year (4+1)
  • UPHA-V7ML Undergraduate Philosophy, Politics and Economics
    • Year 2 of V7ML Philosophy, Politics and Economics (Tripartite)
    • Year 3 of V7ML Philosophy, Politics and Economics (Tripartite)
  • UPHA-V7MM Undergraduate Philosophy, Politics and Economics (with Intercalated year)
    • Year 4 of V7MQ Philosophy, Politics and Economics (Bipartite) with Intercalated Year
    • Year 4 of V7MH Philosophy, Politics and Economics - Economics/Philosophy Bipartite (Economics Major) (with Intercalated year)
    • Year 4 of V7MI Philosophy, Politics and Economics - Philosophy/Economics Bipartite (Philosophy Major) (with Intercalated year)
    • Year 4 of V7MJ Philosophy, Politics and Economics - Philosophy/Politics Bipartite (with Intercalated year)
    • Year 4 of V7MG Philosophy, Politics and Economics - Politics/Economics Bipartite (Politics Major) (with Intercalated year)

This module is Unusual option for:

  • UPHA-L1CA Undergraduate Economics, Psychology and Philosophy
    • Year 2 of L1CA Economics, Psychology and Philosophy
    • Year 3 of L1CA Economics, Psychology and Philosophy
  • UPHA-V7ML Undergraduate Philosophy, Politics and Economics
    • Year 2 of V7MR Philosophy, Politics and Economics (Bipartite with Economics Major)
    • Year 2 of V7MP Philosophy, Politics and Economics (Bipartite)
    • Year 2 of V7ML Philosophy, Politics and Economics (Tripartite)
    • Year 3 of V7MR Philosophy, Politics and Economics (Bipartite with Economics Major)
    • Year 3 of V7MP Philosophy, Politics and Economics (Bipartite)
  • UPHA-V7MM Undergraduate Philosophy, Politics and Economics (with Intercalated year)
    • Year 4 of V7MS Philosophy, Politics and Economics (Bipartite with Economics Major) (with Intercalated Year)
    • Year 4 of V7MQ Philosophy, Politics and Economics (Bipartite) with Intercalated Year
    • Year 4 of V7MM Philosophy, Politics and Economics (Tripartite) (with Intercalated year)

This module is Option list B for:

  • Year 4 of UIBA-N203 BSc in International Management
  • Year 3 of UIBA-N201 BSc in Management
  • Year 4 of UIBA-N202 BSc in Management (with Intercalated Year/UPP)
  • UIBA-NN36 Undergraduate Accounting and Finance (with Intercalated Year/Undergraduate Partnership Programme)
    • Year 2 of NN36 Accounting and Finance (Intercalated)
    • Year 3 of NN36 Accounting and Finance (Intercalated)
    • Year 4 of NN37 Accounting and Finance (Undergraduate Partnership Programme)
  • Year 2 of UPHA-V7ML Undergraduate Philosophy, Politics and Economics

This module is Option list C for:

  • UPHA-V7ML Undergraduate Philosophy, Politics and Economics
    • Year 3 of V7MP Philosophy, Politics and Economics (Bipartite)
    • Year 3 of V7ML Philosophy, Politics and Economics (Tripartite)
  • UPHA-V7MM Undergraduate Philosophy, Politics and Economics (with Intercalated year)
    • Year 4 of V7MS Philosophy, Politics and Economics (Bipartite with Economics Major) (with Intercalated Year)
    • Year 4 of V7MQ Philosophy, Politics and Economics (Bipartite) with Intercalated Year
    • Year 4 of V7MM Philosophy, Politics and Economics (Tripartite) (with Intercalated year)

This module is Option list D for:

  • UPHA-V7ML Undergraduate Philosophy, Politics and Economics
    • Year 2 of V7MR Philosophy, Politics and Economics (Bipartite with Economics Major)
    • Year 3 of V7MR Philosophy, Politics and Economics (Bipartite with Economics Major)