NBS8204 : Central Banking
- Offered for Year: 2020/21
- Module Leader(s): Dr Wessel Vermeulen
- 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
Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.
Teaching Activities
| Category | Activity | Number | Length | Student Hours | Comment |
|---|---|---|---|---|---|
| Guided Independent Study | Assessment preparation and completion | 1 | 15:00 | 15:00 | N/A |
| Structured Guided Learning | Lecture materials | 9 | 2:00 | 18:00 | Non-Synchronous Online (8hr lectures, 1hr revision) =18 student learner hrs |
| Guided Independent Study | Directed research and reading | 1 | 24:00 | 24:00 | N/A |
| Scheduled Learning And Teaching Activities | Small group teaching | 5 | 1:00 | 5:00 | Synchronous online |
| Structured Guided Learning | Structured research and reading activities | 5 | 2:00 | 10:00 | N/A |
| Scheduled Learning And Teaching Activities | Drop-in/surgery | 8 | 0:30 | 4:00 | Weekly online synchronous Q&A/drop-in |
| Guided Independent Study | Independent study | 1 | 24:00 | 24:00 | 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
Please note that module leaders are reviewing the module teaching and assessment methods for Semester 2 modules, in light of the Covid-19 restrictions. There may also be a few further changes to Semester 1 modules. Final information will be available by the end of August 2020 in for Semester 1 modules and the end of October 2020 for Semester 2 modules.
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 Blackboard |
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