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 MONEY AND BANKING
Code ECON916
Coordinator Prof O De Groot
Economics
Oliver.De-Groot@liverpool.ac.uk
Year CATS Level Semester CATS Value
Session 2019-20 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 24

   5

       29
Timetable (if known)              
Private Study 121
TOTAL HOURS 150

Assessment
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 hours    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  50 minutes    20       

Aims

To develop a microeconomic and a macroeconomic perspective of banking;

To acquire an understanding of the specific nature of a bank as a firm, the role of banks in an economy, and of the regulatory environment in which banks operate;

To develop an understanding of economic foundation of the banking sector and analyse its importance for the macro-economy.

Learning Outcomes

(LO1) Understand the role and characteristics of banks in an economy;   

(LO2) Understand the competitive environment banks operate in;

(LO3) Explain the main risks, eg credit, liquidity, interest rate, that banks face;

(LO4) Explain how banks measure and manage these risks;

(LO5) Describe the main systemic risks and explain why and how banks are regulated;

(LO6) Explain the macroeconomic role of the banking system.

(S1) Problem solving skills

(S2) Adapatablility

(S3) Numeracy

(S4) Commercial awareness

(S5) Teamwork

(S6) Organisational skills

(S7) Communication Skills

(S8) IT Skills

(S9) International awareness

(S10) Lifelong learning skills

(S11) Ethical awareness

Teaching and Learning Strategies

Lectures x 24 hours

Tutorials x 5 hours

Self-directed learning x 121 hours

Syllabus
 

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
Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module.