NBS8018 : International Money and Banking
NBS8018 : International Money and Banking
- Offered for Year: 2024/25
- Module Leader(s): Dr Saumik Paul
- 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 1 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
None
Co-Requisite
Modules you need to take at the same time
Co Requisite Comment
None
Aims
To provide students with an advanced understanding of the role of money and banking institutions in the international economy.
The module aims to provide the theoretical basis and empirical evidence for understanding the basic functioning of international financial markets and institutions. It starts with providing a thorough analysis of the international financial system and regulatory framework; it then concentrates on issues related to money and banking, such as money supply, money demand, and the determination of interest rates and exchange rates. It also analyses both theoretical underpinnings and empirical evidence of the aforementioned aspects of international money.
Outline Of Syllabus
1. Introduction: Money, banking, and financial markets
2. The functions and regulation of the financial system
3. Money 1: The definition(s) of money, functions of money, theories of the demand for money,
4. Money 2: Multiple deposit creation and the money supply process, the role of central banks
5. Interest rates 1: The behaviour of interest rates
6. Interest rates 2: The risk and term structure of interest rates, the bond market
7. International finance: The foreign exchange market, exchange rate regimes
8. The foreign exchange market: Determination of exchange rates in the short and long run, interactions between the foreign exchange market and the market for money
Learning Outcomes
Intended Knowledge Outcomes
- You will have a systematic understanding of the role of money, bond and foreign exchange markets in an open economy and of the role and regulation of banking and other financial institutions.
- You will be able to critically apprise relevant aspects of the financial system by applying economic reasoning to current issues and new proposals and to develop a comprehensive and balanced set of conclusions and recommendations appropriate for a given international and ethical context.
Intended Skill Outcomes
- You will further develop your ability to think critically, analyze, synthesize, and critically apprise, in the context of inter-relationships among financial markets and institutions and within the global economic system.
- You will be able to apply economic reasoning and your in-depth knowledge to issues relating to monetary and banking affairs, in order to solve complex problems and derive balanced and well-judged decision options and to communicate them effectively to diverse audiences.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 30:00 | 30:00 | Time for students to complete formative and summative coursework and assessments |
| Scheduled Learning And Teaching Activities | Lecture | 14 | 1:00 | 14:00 | pip lectures |
| Guided Independent Study | Directed research and reading | 1 | 31:00 | 31:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | pip seminars |
| Structured Guided Learning | Structured non-synchronous discussion | 2 | 0:30 | 1:00 | N/A |
| Guided Independent Study | Independent study | 1 | 19:00 | 19:00 | balance to 100 |
| Scheduled Learning And Teaching Activities | Scheduled on-line contact time | 2 | 1:00 | 2:00 | 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
- Seminars provide an opportunity to enhance understanding of the theoretical aspects of the module.
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 | 99 | 1 | A | 100 | 24 Hour Take Home Exam |
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 | Seminar questions provided |
| Prob solv exercises | 1 | M | Instantaneous feedback to students' answers in multiple-choice test in class |
Assessment Rationale And Relationship
The nature of this module makes it suitable for assessing students with short essay type questions. The goal is to test students' knowledge, in-depth understanding and ability to articulate their subjective opinions on the international financial markets.
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8018's Timetable
Past Exam Papers
- Exam Papers Online : www.ncl.ac.uk/exam.papers/
- NBS8018's past Exam Papers
General Notes
N/A
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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.