NBS8204 : Central Banking
NBS8204 : Central Banking
- Offered for Year: 2024/25
- Module Leader(s): Dr Cesar Blanco
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
Your programme is made up of credits, the total differs on programme to programme.
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
| European Credit Transfer System | |
Pre-requisite
Modules you must have done previously to study this module
Pre Requisite Comment
N/A
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
N/A
Aims
The effective operation of central banks is crucial to economic performance. This module covers the main issues surrounding the economics and political economy of central banking, including the case for central bank independence and the use of inflation targets.
Outline Of Syllabus
Topics covered include:
1) The link between central banks’ monetary policy and inflation.
2) A short-run macroeconomic model of the economy.
3) The link between inflation and output.
4) The importance of expectations.
5) Inflation bias, credibility and time inconsistency.
Learning Outcomes
Intended Knowledge Outcomes
On successful completion of the module, students have developed an advanced understanding of the current theory and practice of Central Banking. Students will be expected to be able to compare monetary policy regimes and to critically assess key issues in this subject area.
Intended Skill Outcomes
On successful completion of the module, students will be able synthesize information from different sources. Students will be expected to be able to interpret macroeconomic data.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 5 | 2:00 | 10:00 | PIP lectures |
| Scheduled Learning And Teaching Activities | Lecture | 2 | 2:00 | 4:00 | Online Lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 30:00 | 30:00 | N/A |
| Guided Independent Study | Directed research and reading | 1 | 26:00 | 26:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 4 | 1:00 | 4:00 | PIP seminars |
| Guided Independent Study | Independent study | 1 | 26:00 | 26:00 | N/A |
| Total | 100:00 |
Teaching Rationale And Relationship
• Lectures provide the basic structure of the methods and theories that are introduced and an overview of the current issues, including relations with current affairs.
• Seminars provide an opportunity to enhance understanding of the theoretical aspects of the module. Also focus on applying the theory.
Reading Lists
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exams
| Description | Length | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|---|
| Written Examination | 90 | 2 | A | 100 | N/A |
Formative Assessments
Formative Assessment is an assessment which develops your skills in being assessed, allows for you to receive feedback, and prepares you for being assessed. However, it does not count to your final mark.
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Problem solving exercises via Canvas |
Assessment Rationale And Relationship
The written unseen exam is an appropriate way to provide evidence of a student’s understanding of the current theory and practice of Central Banking acquired from studying various sources, their ability to compare monetary policy regimes and to critically assess key issues in this subject area.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8204's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- NBS8204's past Exam Papers
General Notes
N/A
Welcome to Newcastle University Module Catalogue
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Disclaimer
The information contained within the Module Catalogue relates to the 2024 academic year.
In accordance with University Terms and Conditions, the University makes all reasonable efforts to deliver the modules as described.
Modules may be amended on an annual basis to take account of changing staff expertise, developments in the discipline, the requirements of external bodies and partners, and student feedback. Module information for the 2025/26 entry will be published here in early-April 2025. Queries about information in the Module Catalogue should in the first instance be addressed to your School Office.