BE334-6-AU-CO:
Financial Markets and Monetary Policy
2022/23
Essex Business School
Colchester Campus
Autumn
Undergraduate: Level 6
Current
Thursday 06 October 2022
Friday 16 December 2022
15
04 October 2022
Requisites for this module
BE300 or EC111 or IA712
(none)
(none)
(none)
(none)
BSC N390 Banking and Finance,
BSC N391 Banking and Finance (Including Foundation Year),
BSC N392 Banking and Finance (Including Placement Year),
BSC NH90 Banking and Finance (Including Year Abroad)
This course explores the links between money, financial intermediaries, financial markets and the policies that affect them. In particular, it focuses on the effects of monetary policy on financial markets and through them on the economy as a whole. Special emphasis will be made on expectations and the role of policy communication in these effects.
• To provide students with an understanding of how interest rates, money supply and central bank actions affect the decisions of economic agents, financial markets and prices
• To develop an understanding of objectives, functions, and operations of central banks in financial markets
• To introduce students to a number of recent developments and policy debates regarding financial markets and monetary regulation
On successful completion of the module, students will be able to:
• Explain how the interest rates are determined, what factors affect them and what are the risk and term structure of interest rates
• Apply the concepts of rational expectations and efficient financial markets to analyse the effects of monetary policy
• Identify principal objectives of central banks and forecast their possible market interventions in response to asset price movements and other market changes
• Explain the role of financial institutions for the various channels of monetary policy transmission and derive the implications of monetary policy actions for financial markets
Skills for Your Professional Life
Academic and Cognitive Skills
A1 Synthesis and bringing together concepts and ideas
A2 Critical thinking
A3 Evaluation of evidence
A4 Creative problem solving
Data Anlysis Skills
D1 Analysing quantitative data
D3 Anaysing financial data
Soft Skills
S3 Showing adaptability to changing circumstances
Communication Skills
C2 Expressing research findings in report or slide deck
Technology Skills
T1 Core IT skills (word, excel, PowerPoint, outlook)
T2 Working with data interactively (dashboards, databases)
T4 Understanding data visualisation and manipulation using industry benchmark software
Research Skills
R1 Identifying research and aims
R4 Reporting research findings
Finance Skills
F1 Understand concepts and methodologies used to explain the behaviour of different financial market participants and the functioning of different financial market types
F2 Apply key concepts and methodologies used to explain the behaviour of different financial market participants and the functioning of different financial market types
A two-hour lecture per week for ten consecutive weeks and 1 class fortnightly. You need to attend all the lectures and classes. You are expected to do relevant reading and preparation before the lecture. It is strongly recommended that also you do additional reading to supplement the lecture material. In addition, you are expected to sign up for one tutorial group only and always go to the same tutorial group.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Assignment |
|
|
| Exam |
Main exam: Remote, Open Book, 24hr during Summer (Main Period)
|
| Exam |
Reassessment Main exam: Remote, Open Book, 24hr during September (Reassessment Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Reassessment
Module supervisor and teaching staff
Dr Ming-Tsung Lin, email: m.t.lin@essex.ac.uk.
Dr Ming-Tsung Lin and Dr Xiangshang Cai
ebsugcol@essex.ac.uk
Yes
Yes
No
Dr Hf Guo
University of Durham
Assistant Professor in Finance
Available via Moodle
Of 57 hours, 49 (86%) hours available to students:
8 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s), module, or event type.
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