ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | Topics in Money and Banking | ||
Code | ECON916 | ||
Coordinator |
Dr Y Arslan Economics Yavuz.Arslan@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2025-26 | Level 7 FHEQ | Second Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
20 |
5 |
25 | ||||
Timetable (if known) | |||||||
Private Study | 125 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Examination. There is a resit opportunity. Standard UoL penalty applies for late submission. Marked anonymously Assessment Schedule (When): 2 | 2 | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Mid-term test. There is a resit opportunity. Standard UoL penalty applies for late submission. Marked anonymously Assessment Schedule (When): 2 | 1 | 20 |
Aims |
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This module aims to provide students with a quantitative toolkit to explore the economics of banking from both microeconomic and macroeconomic viewpoints. By delving into the unique characteristics of banks as firms, their pivotal role in the economy, and the regulatory frameworks governing them, students will acquire a comprehensive insight into the banking sector. The module aims to establish a solid economic foundation, underscoring the sector's crucial importance to the macro-economy. Through a quantitative approach, the module will introduce various banking topics, enabling students to analyse the banking sector's impact on broader economic dynamics. |
Learning Outcomes |
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(LO1) Students will be able to analyse the role and characteristics of banks in an economy through the lens of economic models. |
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(LO2) Students will be able to analyse the competitive environment banks operate in. |
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(LO3) Students will be able to explain the main risks that banks face, such as credit, liquidity, and interest rate risks, and incorporate them into models to quantify the adverse outcomes of these risks. |
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(LO4) Students will actively learn how to apply theoretical concepts and banking principles, such as adverse selection and bank runs, in microeconomic or macroeconomic applications. |
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(LO5) Students will gain insights into the main systemic risks and will be able to explain why and how banks are regulated. |
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(LO6) Students will be able to articulate and debate the macroeconomic role of the banking system and the implications of distortions in this role. |
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(S1) Problem solving skills |
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(S2) Adaptability |
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(S3) Numeracy |
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(S4) Commercial awareness |
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(S5) Teamwork |
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(S6) Organisational skills |
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(S7) Communication Skills |
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(S8) IT Skills |
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(S9) International awareness |
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(S10) Lifelong learning skills |
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(S11) Ethical awareness |
Teaching and Learning Strategies |
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2 hour lecture x 10 weeks |
Syllabus |
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Part I: Microeconomics of banking: What is a bank and what do banks do?; Financial intermediation; The banking firm; The banks as a portfolio manager; Banking risks and risk management; Credit rationing. Part II: Macroeconomics of banking: Liquidity insurance; Bank runs and systemic risk; Macroeconomics of banking; Bank regulation. |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |