This module aims to enable students to apply both microeconomic and macroeconomic analysis to the assessment of current debates on financial and monetary issues.
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
|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.|
This is a module available to 3rd Year Econ/Stats (LG13), Math/Econ (G1L1/G1LC), SEF (GLN0), SEL (GLR0) and other students who have studied ECON1604 (or equivalent). It is *not* available to Economics (L100/L101), Econ/Geog (LL17) or Phil/Econ (VL51) students.
|Prerequisites:||ECON1604 or equivalent.|
|Maximum module enrolments:||
|Module Evaluation (Previous year):||