EC906-7-SP-CO:
Banking

The details
2019/20
Economics
Colchester Campus
Spring
Postgraduate: Level 7
Current
Monday 13 January 2020
Friday 20 March 2020
20
12 September 2019

 

Requisites for this module
(none)
(none)
(none)
(none)

 

(none)

Key module for

MSC L12012 Money and Banking,
MSC L120UH Money and Banking

Module description

This module is designed to introduce core economics reasoning about the fundamental businesses of commercial banking and investment banking. Those of the former can be classified roughly into two categories, financial intermediation and money creation, while those of the latter are mainly concerned with security issuance and merger and acquisition.
For each of them, as a viable business, the following questions naturally arise.

1) What and how is the value added by this business?
2) How is it provided in terms of contractual arrangements?
3) What are the implications of these contractual arrangements for the banking industry and the whole economy?

It shall be underlined that the module will focus on economics reasoning and not be detailed in the practical side of the banking businesses, of which more material is provided in the EBS module BE610, Introduction to Banking. Students are encourage to audit, if not register, this module, besides to read the Economist weekly and the Financial Times most days. Moreover, students will find google and wiki useful to check the meaning of unfamiliar terminologies.

Module aims

To provide students with an understanding of the economics behind the core services which the banking industry provides.

Module learning outcomes

Upon successful completion of the module students will gain knowledge that will help them find a job in the banking industry, and, more broadly, in the financial sector. However, this module does not cover as much in practicality of banking businesses as economic principles. Their understanding of these businesses will be greatly improved if they also read materials on practices, especially newspapers such as the Economist and the Financial Times. The students are encouraged to mentally go back and forth between the lecture room, where they learn fundamental economics of banking businesses, and the outside world, where they learn how to apply the economics.

Module information

No additional information available.

Learning and teaching methods

The module will consist of one two-hour lecture per week and a one-hour class every other week. Lecture notes and supporting materials can be accessed via the course material repository. Problem sets will be posted in the course material repository on a bi-weekly basis. Students are expected to complete them for class. Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.

Bibliography

This module does not appear to have a published bibliography.

Assessment items, weightings and deadlines

Coursework / exam Description Deadline Weighting
Coursework Term paper 24/04/2020
Exam 120 minutes during Summer (Main Period) (Main)

Overall assessment

Coursework Exam
50% 50%

Reassessment

Coursework Exam
50% 50%
Module supervisor and teaching staff
Miss Zeina Alsharkas
For further information, send a message to wangt@essex.ac.uk

 

Availability
Yes
No
No

External examiner

Dr Francis Kiraly
Newcastle University
Lecturer Economics
Resources
Available via Moodle
Of 27 hours, 27 (100%) hours available to students:
0 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

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