Core
5
6 ECTS
Spring
EC150 Quantitative Methods, EC170 Statistics
EC 290
Amer Demirovic
2017
Introduction to asset pricing
The law of one price and spot/forward prices
Risk and term structure of interest rates
Foreign exchange (FX) markets and determinants of foreign exchange rates
Foundations of open economy macroeconomics
Models of exchange rates determination
Determinants of the money supply
Central banks and monetary policies
Fiscal and monetary policy linkages
Causes and consequences of the financial crisis (2007-8)
Policy responses to financial crises
| Type | Number per Term | Duration | Total Time |
|---|---|---|---|
|
Lectures |
15 | 1.5 | 22.5 |
|
Workshops |
5 | 1.5 | 7.5 |
|
Seminars |
5 | 1.5 | 7.5 |
| Tutorials | 5 | 1.5 | 7.5 |
| Total Guided/Independent Learning Hours | 45.0 | ||
| Total Contact Hours | 105.0 | ||
| Total Engagement Hours | 150.0 | ||
| Type | Number Required | Duration / Length | Weighting | Timing / Submission Deadline |
|---|---|---|---|---|
|
Mid-term Exam |
1 |
2 hours |
20% |
Week 8 |
|
Group Project: Research/investigation assignments (including presentation) |
1 |
2000 words
20 minutes presentation |
20%
10% |
Week 15 |
|
Final Exam |
1 |
3 hours |
50% |
Week 17 |
Intended Learning Outcomes:
To improve understanding of the most important terminology used in the field of Finance and Money and Banking and to be able to define the role of money, financial institutions and financial markets
Demonstrate a critical understanding of risk-return relationships
Describe the behaviour of interest rates
Demonstrate understanding of banking management, including the factors causing financial crisis and crisis dynamics
Recognise and articulate on the methods of financial regulation
Explain the impact of money and monetary policy on the economy to specialist and non-specialist audiences
Ability to perceive the complexity of economic phenomena, within economics and in the interaction and interrelationship with other disciples.
Ability to understanding the essentials of probabilistic thinking and limits of predictability of human behaviour.
Ability to collect a research in the field of Money and Banking (using pre-defined methods) with the aim of acquiring new information.
Teaching and Learning Strategy:
Lectures will provide core information relating to module material. In addition to the key text book, additional resources will be used occasionally, in order to enrich the knowledge base. (ILO:1-8)
Lectures will be organised in such way to encourage active participation that will allow students to learn how to present their opinion and arguments related to the issues from the field of Money and Banking. (ILO:1-8)
Research/investigation assignments will encourage self-study and group engagement (ILO:1-9)
A case study examining how a multinational corporation manages currency risk will cover topical subjects and encourage critical thinking and group discussion in a class environment (ILO:1-8)
Guided, independent study (ILO:1-9)
Assessment Strategy:
Mid-semester and final exam (ILO: 1-9)
Group Project (ILO: 9)
In-class participation (ILO: 1-8)
Practical Skills:
Ability to conduct written reports on significant topics from the field of Money and Banking
Ability to calculate basic interest rates cs(YtM, RofR, Real and Nominal interest rates)
Interpret and extract meaning from financial institutions balance sheets
Read and interpret interest rate, money supply and other variables’ graphs
Ability to assess the effects of monetary policy measures on economic activity and interpret the results effectively.
Teaching and Learning Strategy:
Lectures (PS: 2-5)
In-class exercises (PS: 1-5)
Assessment Strategy:
Mid-semester test and final exam (PS:2-5)
Group Project (PS:1)
Transferable Skills:
Numeracy Skills
Analytical thinking and problem solving
A problem-centered and problem-solving approach
Ability to effectively present own and others’ point of view
Communication Skills: Written and Oral
Research Skills
Data analyses skills
Classify data
Compare, inspect or record facts
Meet deadlines
Good time management
Organize/manage projects
Team working skills
Teaching and Learning Strategy:
Lectures (TS: 1-3)
In-class exercises (TS:1-9)
Group projects and independent study (TS: 1-13)
Assessment Strategy:
Group project (TS:1-13)
Mid-semester test and final exam (TS: 1-5, 7-9)
Set text
Copeland, L. (2014), Exchange Rates and International Finance, 6th Edition, Pearson
Supplementary Materials
Bindsell, U., (2014), Monetary Policy Operations and the Financial System, Oxford University Press
Bordo, M., et al., (2016), Central Banks at a Crossroads: What can we learn from History? Cambridge University Press
Fender, J., (2012), Monetary Policy, John Wiley & Sons
Hull, J. C. (2017) Options, Futures, and Other Derivatives, 10th Edition, Pearson
Langdana, F., (2016), Macroeconomic Policy: Demystifying Monetary and Fiscal Policy, 3 Edition, Springer
Matousek, R., (ed)., (2016), Money, Banking and Financial Markets in Central and Eastern Europe: 20 Years of Transition, Palgrave MacMillan
Matthews, K., Giuliodori, M., Mishkin, F., (2016), The Economics of Money, Banking and Financial Markets, Pearson
Thomakos, D., et al., (eds), (2015), A Financial Crisis Manual: Reflections and the Road Ahead, AIAA, Palgrave MacMillan
Tirole, J., (2015), Financial Crises, Liquidity and the International Monetary System, Princeton University Press
Please note
This specification provides a concise summary of the main features of the module and the learning outcomes that a typical student might reasonably be expected to achieve and demonstrate if he/she takes full advantage of the learning opportunities that are provided.
More detailed information on the learning outcomes, content and teaching, learning and assessment methods of each module and programme can be found in the departmental or programme handbook.
The accuracy of the information contained in this document is reviewed annually by the University of Buckingham and may be checked by the Quality Assurance Agency.
Date of Production : April 2017
Date approved by School Learning and Teaching Committee:
Date approved by School Board of Study :
Date approved by University Learning and Teaching Committee:
Date of Annual Review:
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