NBS8018 : International Money and Banking
- Offered for Year: 2022/23
- Module Leader(s): Dr Saumik Paul
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
| Semester 1 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
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
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Scheduled Learning And Teaching Activities | Lecture | 14 | 1:00 | 14:00 | pip lectures |
| Guided Independent Study | Assessment preparation and completion | 1 | 30:00 | 30:00 | Time for students to complete formative and summative coursework and assessments |
| 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.
Assessment Methods
The format of resits will be determined by the Board of Examiners
Exam Pairings
| Module Code | Module Title | Semester | Comment |
|---|---|---|---|
| 1 | N/A |
Other Assessment
| Description | Semester | When Set | Percentage | Comment |
|---|---|---|---|---|
| Essay | 1 | M | 100 | 2000 words |
Formative Assessments
| 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 an essay. It needs to test students' knowledge, in-depth understanding and ability to articulate their subjective opinions on the international financial markets.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8018's Timetable