NBS8204 : Central Banking
- Offered for Year: 2021/22
- Module Leader(s): Dr Anastasios Evgenidis
- Owning School: Newcastle University Business School
- Teaching Location: Newcastle City Campus
Semesters
| Semester 2 Credit Value: | 10 |
| ECTS Credits: | 5.0 |
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.
Teaching Methods
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 32:00 | 32:00 | N/A |
| Structured Guided Learning | Lecture materials | 3 | 1:00 | 3:00 | Pre-recorded lecture materials |
| Scheduled Learning And Teaching Activities | Lecture | 7 | 1:00 | 7:00 | PIP lectures |
| Guided Independent Study | Directed research and reading | 1 | 25:00 | 25:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 3 | 1:00 | 3:00 | PIP seminars |
| Structured Guided Learning | Structured non-synchronous discussion | 4 | 0:30 | 2:00 | discussion board and problems around pre-recorded lectures |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 6 | 0:30 | 3:00 | online if necessary |
| Guided Independent Study | Independent study | 1 | 25:00 | 25:00 | 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.
• Pre-recorded lectures will provide more technical material (e.g. mathematical derivations)
• Seminars provide an opportunity to enhance understanding of the theoretical aspects of the module. Also focus on applying the theory.
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 | 2 | A | 100 | 24 hr take home exam |
Exam Pairings
| Module Code | Module Title | Semester | Comment |
|---|---|---|---|
| LBS8204 | Central Banking | 2 | London equivalent module |
Formative Assessments
| Description | Semester | When Set | Comment |
|---|---|---|---|
| Prob solv exercises | 1 | M | Problem solving exercises via Canvas |
Assessment Rationale And Relationship
Take-home exam is targeted to demonstrate skill and analytical insights of the context of Central Banking as well as the formal models developed in the module.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8204's Timetable