Module ASB-2010:
Central Banking & Monetary Pol
Central Banking & Monetary Policy 2023-24
ASB-2010
2023-24
Bangor Business School
Module - Semester 2
20 credits
Module Organiser:
Erdenebat Bataa
Overview
This module will provide a global perspective on Central Banks. It will consider the money supply process; the tools and conduct of monetary policy. The nature of money demand will be studied, with consideration of both quantity theory and Keynesian theories within a broader aggregate demand and supply analysis. Various aspects of monetary policy theory will be examined, including the role of expectations and the importance of transmission mechanisms.
Assessment Strategy
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. -good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. -excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills. -another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
Learning Outcomes
- Critically evaluate conventional and unconventional monetary policies, and explain the channels through which they are transmitted.
- Debate the case for rules versus discretion in monetary policy.
- Discuss the advantages and disadvantages of alternative monetary targeting regimes, including the evaluation of the choice between interest rate targets and money supply targets.
- Explain the operations of central banks and appraise the case for independence.
- Understand the forces affecting aggregate supply and aggregate demand.
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Online Test
Weighting
15%
Due date
21/03/2024
Assessment method
Report
Assessment type
Crynodol
Description
Report
Weighting
35%
Due date
03/05/2024
Assessment method
Exam (Centrally Scheduled)
Assessment type
Crynodol
Description
Exam
Weighting
50%