Module Syllabus 2022 – 2023

Key Module Information

Module Code: ECN205
Module Title: Money and Banking
Credit Value: 15 credits
Level: 5
Semester: A
Pre-requisites: ECN106 and ECN111 (or BUS128)

Module Organiser
Name: Dr Thomai Filippeli
Office Location: GC5.19
Office hours: Monday 12pm – 1pm (Teams) and Tuesday 12pm – 1pm (GC5.19)
Email: t.filippeli@qmul.ac.uk

Module Delivery
Each week you will be expected to engage with material and exercises (independent
learning activities) posted on the module’s QMplus page, alongside attending and
participating in scheduled teaching activities.
Details of the scheduled teaching activities will be in your timetable. This can be accessed
via the My Timetable option in QMplus.

Lecture
Tuesday/10am – 12pm /People’s Palace – Skeel LT

Classes
Details of your class allocation can be found in MyTimetable on QMplus. Class attendance is
compulsory, and it is your responsibility to be on time.

Module Content
Module Aim
This course introduces the basic roles financial markets play within our economic system. It
provides the tools to analyse the interaction between monetary policy, real economy, and the
financial sector, using principles from finance and economics. During lectures, we will combine
the relevant theory with case studies and applications from real world recent events and policy
debates.
Learning Outcomes
On successful completion students are expected to understand the operations of commercial
banks and non-bank financial institutions, the structure of interest rates and the supply and
demand of loanable funds. Also, students should be able to examine and analyse the impact
of monetary policy on real economy and financial markets and critically evaluate the role of
the Central Bank in the economy.

Module Outline
Topic 1: Money, Financial Systems and Interest Rates
Topic 2: Fiat, Barter and Commodity Money
Topic 3: Inflation
Topic 4: The Economics of Financial Intermediation
Topic 5: Money Supply and Demand
Topic 6: Central Banks in the World today
Topic 7: Monetary Policy and Stabilization Policy
Topic 8: Banking and Credit
Topic 9: Test Banking Crises and Bank Regulation

Reading List
Stephen Cecchetti and Kermit Schoenholtz, Money, Banking and Financial Markets, Global
edition (6th edition), McGraw Hill 2021
Bruce Champ, Scott Freeman and Joseph Haslag, Modelling Monetary Economics, (5th
edition), Cambridge University Press 2022
Karl E. Walsh, Monetary Theory and Policy, (3rd edition) MIT Press 2010
David Romer, Advanced Macroeconomics, (4th edition) McGraw Hill 2012

Assessment and Feedback

Assessment
2-hour examination (70%);

3 online quizzes (5%), week 3, week 5 and week 7

1 group presentation and a written report on a selected topic given to students at the
beginning of the semester (25%), deadline 2nd of December 2022
Feedback
Classes: Students are expected to engage into the solution of the problem sets every week
and get immediate feedback from the tutor.
Online quizzes: The mark of the quizzes will be available on QMplus within three weeks after
the deadline.
Group Presentation and Report: Written feedback on the group presentations and report will
be posted on Qmplus. In addition to this, students can either email the module organiser or
use office hours for more detailed one – to – one feedback on the reports and presentations.

Student conduct
To ensure a positive learning environment for all, the School of Economics and Finance
expects all students to comply with the School’s discipline and code of conduct policies.
Details of these policies can be found on the Undergraduate Info Zone.