NBS8204 : Central Banking
- Offered for Year: 2023/24
- 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 | 30:00 | 30:00 | N/A |
| 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 | 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.
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
| 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.
Reading Lists
Timetable
- Timetable Website: www.ncl.ac.uk/timetable/
- NBS8204's Timetable