Introduction to Banking
Essex Business School
Undergraduate: Level 5
Thursday 03 October 2019
Saturday 14 December 2019
24 September 2019
Requisites for this module
BE300 or EC111 or IA712
BSC N390 Banking and Finance,
BSC N392 Banking and Finance (Including Placement Year),
BSC NH90 Banking and Finance (Including Year Abroad),
BSC NR3Y Banking and Finance with a Modern Language
This module is an introduction to both theoretical and practical issues related to the modern banking business. The module begins with an overview of the role and genesis of the financial system and the nature of financial intermediation. It covers the main characteristics and types of banks (e.g. commercial and mutual, retail and wholesale) and analyses recent trends and developments in relation to both domestic and international banking markets. The module also explores the main items contained in banks' financial statements and discusses main risks of banking, with particular reference to elementary risk management techniques. Special attention is paid to central banking and the rationale for bank regulation at both national and international levels.
The aim of this module is to introduce basic concepts of banking, to provide students with an understanding of the role of financial intermediation and to overview the tools of analysis of banking activities. Special attention will be paid to regulatory issues.
On successful completion of the module, students will be able to:
• Explain the differences between banks, other financial intermediaries and financial markets.
• Explain the role and functions of central banks.
• Analyse and interpret basic banks’ financial statements, identify banking risks and elementary risk management techniques.
• Critically evaluate why banks need regulation and distinguish between the different types of regulation.
• Appraise the current and future issues affecting the banking sector.
Skills for Your Professional Life (Transferable Skills)
Upon successful completion of the module, students should be able to:
* Improve their research skills through the use of Google Scholar search platform.
* Develop their critical thinking through the use of recent article journals.
* Improve their data analytical skills through the analysis of publicly available banking data.
* Improve awareness of recent developments in the banking sector.
1 two-hour lecture per week for ten consecutive weeks. You are expected to do relevant reading and preparation before the lecture. It is strongly recommended that you also do additional reading to supplement the lecture material.
- Casu, Barbara; Girardone, Claudia; Molyneux, Philip. (2015) Introduction to banking, Harlow: Pearson.
- Barbara Casu; Claudia Girardone; Philip Molyneux. (2015) Introduction to banking, Harlow: Pearson.
- Mishkin, Frederic S. (c2006) The economics of money, banking, and financial markets, Boston: Pearson/Addison Wesley. vol. The Addison-Wesley series in economics
- Howells, P. G. A.; Bain, K. (2005) The economics of money, banking and finance: a European text, Harlow: Financial Times/Prentice Hall.
- Frederic S. Mishkin. (2016) The economics of money, banking, and financial markets, Harlow: Pearson Education Limited.
- M. J. Buckle; John L. Thompson. (2004) The UK financial system: theory and practice, Manchester: Manchester University Press.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
|Coursework / exam
||In Class Test 1
||In Class Test 2
||120 minutes during Summer (Main Period) (Main)
Module supervisor and teaching staff
Dr Jose Linares-Zegarra
Dr Athanasios Verousis
The University of Newcastle-upon-Tyne
Senior Lecturer in Accounting & Finance
Prof Christos Ioannidis
Available via Moodle
Of 67 hours, 24 (35.8%) hours available to students:
0 hours not recorded due to service coverage or fault;
43 hours not recorded due to opt-out by lecturer(s).
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