ECON3028 - Economics of Money and Banking
This module aims to enable students to apply economic principles and models to understand the role of money and banking in the economy and to critically evaluate current debates on competition and regulation in the banking sector.
A basic understanding of:
- The role of banking in the financial system and in the wider economy
- The economic theory of bank intermediation
- Economic models of how banks make lending decisions in different market structures;
- Strategies adopted by banks to address risk, with particularly reference to informational asymmetries
- Economic assessment of competition in banking, considering price and non-price strategies;
- Banking regulation and government intervention in the banking sector
- Current debates on the role of government and future of regulation for the sector.
|Assessment:||20 hours of lectures plus 4 compulsory tutorial classes and 4 accompanying homework sets (essay-based). Assessment will be by 2-hour unseen written examination in Term 3. The exam involves essay-based questions.|
3rd year Economics (L100), Econ/Geog (LL17) and Phil/Econ (VL51) 3rd year students.
|Prerequisites:||ECON2001: Microeconomics and ECON2004: Macroeconomic Theory and Policy.|