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Term 2
Aims:
This module aims to enable students to apply both microeconomic and macroeconomic analysis to the assessment of current debates on financial and monetary issues.
Objectives:
A basic understanding of:
- The principles of bank management and their changing character in recent decades
- Strategies adopted by banks to address risk, with particularly reference to informational asymmetries
- The economic theory of bank intermediation
- The role of banking in the financial system and in the wider economy
- Banking regulation and government intervention in the banking sector
- Theories and debates on the role and effectiveness of monetary policy
- Monetary aggregates, exchange rates and inflation as targets of monetary policy
- The historical experience of UK monetary policy during the past three decades
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Taught by: |
Cloda Jenkins |
| Assessment: | 20 hours of lectures plus 4 compulsory tutorial classes and 4 accompanying problem sets (including both essays and mathematical problems). Assessment will be by examination - requiring both problem solving and essay-writing. 2-hour unseen written examination in Term 3. |
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Suitable for: |
3rd year Economics (L100), Econ/Geog (LL17) and Phil/Econ (VL51) 3rd year students. |
| Prerequisites: | ECON2001: Microeconomics and ECON2004: Macroeconomic Theory and Policy. |
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Moodle page: |
ECON3028 |
