Module title: Central Banking

SCQF level: 10:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: FIN10108
Module leader: Malcolm Pettigrew
School The Business School
Subject area group: Accountancy Finance and Law
Prerequisites

There are no pre-requisites for this module to be added

2018/9, Trimester 1, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Malcolm Pettigrew
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Lectures will provide students with an introduction to the key issues and topics and provide them with directed reading and research. The tutorial sessions will develop their learning of the topics by providing a forum for discussion on the issues. The tutorials will give students the opportunity to follow up on issues encountered in their private study by introducing the points to these sessions. Tutorials provide students with the opportunity to develop inter-personal, communication and teamwork skills through a programme of group led discussion topics. The tutorials will be student led activities such as presentations, question and answer sessions and debates on current views on the issues affecting the topic

Students will be directed to relevant reading for their private study and research. They will be expected to use academic journal, periodicals and official publications and the forums of the regulatory bodies and professional commentators such as the Institute of Economic Affairs.

Embedding of employability/PDP/scholarship skills:
Key employability skills will be embedded through the tutorial sessions requiring teamwork to prepare and present discussion issues and developing the key questions to be debated in the subject. The coursework and formal examination will develop their written communication skills with the tutorial sessions developing their oral presentation and debating skills. The formulation of the key questions in the tutorial sessions will develop the problem formulation and solving skills. It skills will be developed through the coursework and PowerPoint presentation in the tutorial sessions.

Assessment (formative and summative):
Formative assessment will incorporate feedback from the tutorial sessions, providing the topics for the coursework assignment in the form of an essay. This will cover all of the learning outcomes. The summative assessment is an end of semester examination also covering all the learning outcomes for the module.

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 24
Face To Face Practical classes and workshops 12
Independent Learning Guided independent study 24
Independent Learning Guided independent study 138
Face To Face Centrally Timetabled (Digital) Exam 2
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 40 1 - 6 10 HOURS= 0, WORDS= 2000
Centrally Time Tabled Examination 60 1 - 6 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100
2018/9, Trimester 1, Blended, Edinburgh Napier University
Occurrence: 003
Primary mode of delivery: Blended
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Malcolm Pettigrew
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Lectures will provide the students with an introduction to the key issues and topics and provide them with directed reading and research in to the topics covered. The tutorial sessions will develop their learning of the topics by providing a forum for discussion and debate on the issues. The tutorial sessions will provide the students the opportunity to follow up on issues encountered in their private study through introducing the points to the tutorial sessions. The tutorial session will provide the students with the opportunity to develop their inter-personal, communication and teamwork skills through a programme of group led discussion topics. The tutorial sessions will be student led activities such as presentations, question and answer sessions and debates on current views on the issues affecting the topic

Students will be directed to relevant reading for their private study and research. They will be expected to use academic journal, periodicals and official publications and the forums of the regulatory bodies and professional commentators such as the institute of Economic Affairs.

Embedding of employability/PDP/scholarship skills
Key employability skills will be embedded through the tutorial sessions requiring teamwork to prepare and present discussion issues and developing the key questions to be debated in the subject. The coursework and formal examination will develop their written communication skills with the tutorial sessions developing their oral presentation and debating skills. The formulation of the key questions in the tutorial sessions will develop the problem formulation and solving skills. It skills will be developed through the coursework and PowerPoint presentation in the tutorial sessions.

Assessment (formative and summative)
Formative assessment will incorporate feedback from the tutorial sessions which will provide the topics for the coursework assignment in the form of an essay. This will cover all of the learning outcomes and w

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 12
Face To Face Practical classes and workshops 24
Independent Learning Guided independent study 24
Independent Learning Guided independent study 138
Face To Face Centrally Timetabled (Digital) Exam 2
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 40 1 - 6 10 HOURS= 0, WORDS= 2000
Centrally Time Tabled Examination 60 1 - 6 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100
2018/9, Trimester 2, Blended, Edinburgh Napier University
Occurrence: 002
Primary mode of delivery: Blended
Location of delivery: CRAIGLOCKHAR
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Malcolm Pettigrew
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Lectures will provide the students with an introduction to the key issues and topics and provide them with directed reading and research in to the topics covered. The tutorial sessions will develop their learning of the topics by providing a forum for discussion and debate on the issues. The tutorial sessions will provide the students the opportunity to follow up on issues encountered in their private study through introducing the points to the tutorial sessions. The tutorial session will provide the students with the opportunity to develop their inter-personal, communication and teamwork skills through a programme of group led discussion topics. The tutorial sessions will be student led activities such as presentations, question and answer sessions and debates on current views on the issues affecting the topic

Students will be directed to relevant reading for their private study and research. They will be expected to use academic journal, periodicals and official publications and the forums of the regulatory bodies and professional commentators such as the institute of Economic Affairs.

Embedding of employability/PDP/scholarship skills
Key employability skills will be embedded through the tutorial sessions requiring teamwork to prepare and present discussion issues and developing the key questions to be debated in the subject. The coursework and formal examination will develop their written communication skills with the tutorial sessions developing their oral presentation and debating skills. The formulation of the key questions in the tutorial sessions will develop the problem formulation and solving skills. It skills will be developed through the coursework and PowerPoint presentation in the tutorial sessions.

Assessment (formative and summative)
Formative assessment will incorporate feedback from the tutorial sessions which will provide the topics for the coursework assignment in the form of an essay. This will cover all of the learning outcomes and w

Formative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Summative Assessment:
The University is currently undertaking work to improve the quality of information provided on methods of assessment and feedback. Please refer to the section on Learning and Teaching Approaches above for further information about this module’s learning, teaching and assessment practices, including formative and summative approaches.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 12
Face To Face Practical classes and workshops 24
Independent Learning Guided independent study 24
Independent Learning Guided independent study 138
Face To Face Centrally Timetabled (Digital) Exam 2
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Essay 40 1 - 6 10 HOURS= 0, WORDS= 2000
Centrally Time Tabled Examination 60 1 - 6 14/15 HOURS= 2, WORDS= 0
Component 1 subtotal: 40
Component 2 subtotal: 60
Module subtotal: 100

Description of module content:

The role and remit of central banks in monetary policy; role and remit of central banks in respect of financial stability; the independence of central banks; monetary instruments used in monetary financial stability policy; implementation of monetary policy, current practice and alternative methods; interest rate, money supply, quantitative easing, exchange rate management, monetary demand management; policy targets and their development; transmission mechanism of monetary policy; the role and remit of central banks in protecting and enhancing the financial systems; Methods of risk assessment and risk reduction: payments systems, banking and market operations; the role of central banks and the IMF as lender of last resort; management and resolution of distressed banks domestically and internationally;

Learning Outcomes for module:

LO1: Critically analyse the role and remit of central banks in monetary and financial stability policy
LO2: Evaluate the effectiveness of recent and current monetary policy actions
LO3: Critically assess the different tools available to monetary policy makers
LO4: Analyse the methods of risk assessment and risk reduction in financial institutions
LO5: Discuss the role of central banks and the IMF as lender of last resort
LO6: Compare and contrast domestic and international policy

Indicative References and Reading List - URL:

Recommended - DAVIES H & GREEN D (2010) BANKING ON THE FUTURE: THE FALL AND RISE OF CENTRAL BANKING: PRINCETON UNIVERSITY PRESS, 1st ed. - ISBN: 978140083
Recommended - GARRY J SCHINASI (2006) SAFEGUARDING FINANCIAL STABILITY : THEORY AND PRACTICE: WASHINGTON, D.C. : INTERNATIONAL MONETARY FUND, 1st ed. - ISBN: 1589064402
Recommended - BAIN K & HOWELLS K (2009) MONETARY ECONOMICS : POLICY AND ITS THEORETICAL BASIS: PALGRAVE MACMILLAN, 2nd ed. - ISBN: 0333792556
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