ECS3143 Economics of money and banking
Faculty of Business and Economics
ECS3143 Economics of money and banking is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 2 and Summer B at South Africa. It needs (ECS2730, ECW2730 or ECF2331) and (ECF1100, ECS1101 or ECW1101).
- Credit points
- 6
- Offered in 2021
- Semester 2, Summer B
- South Africa
- Assessment
- Exam 60%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2022 entry.
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Requisites
Before ECS3143
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECS3143
No unit lists ECS3143 as a prerequisite in the 2021 handbook.
Equivalent units
The same content under another code. Only one of them counts.
Overview
The concept of money, the financial system and financial intermediation, the nature and roles of the Reserve Bank, banks and non-bank financial institutions. The role and interaction of financial markets and the determination of interest rates, foreign exchange markets and the determination of exchange rates, the interaction between foreign exchange and money markets and implication for policy.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester - South Africa | South Africa | On campus |
| Summer semester B | South Africa | Block on |
Assessment
- Individual Assessment15%
- Semester Tes25%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the theoretical structure of an open economy with particular emphasis on monetary policy formulation and implementation
- 2
analyse and predict the key economic variables when the economy is faced with internal and external market shocks
- 3
use an economic model that allows for competitive international capital markets and floating exchange rates to analyse policy measures.
Workload and teaching
- Lectures144 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Lecture and tutorials or problem classes
Three principles drive the teaching approaches in this unit:
Constructive Alignment: Learning is strategically aligned to achieve the learning outcomes, as demonstrated through the assessment. Through the weekly lessons you should see clear connections to the assessment program, and learning should be directly ransferrable to the assessment program.
Scaffolding: Starting from lower level learning, new knowledge and skills are progressively introduced adding complexity and connections, and expecting higher-order learning. Within each lesson, and across the unit, building upon early activities, you should see your knowledge and skills demonstrate higher capabilities.
Team-Based Learning: Learning is social and interactive, and best achieved through purposefully designed activities that include these interactions. Through your personally developed and shared learning activities you should develop, analyse, connect, synthesise, interpret, evaluate, justify… more than you could on your own.
Learning resources
Required resources
Frederic S. Mishkin (2016). The Economics of Money, Banking and Financial Markets, 11th Edition (Global Edition) with MyEconlab. Pearson
Contacts
- Chief Examiners
- Ms Cynthia Bedwei-Majdoub
Common questions
What are the prerequisites for ECS3143?
You need (ECS2730, ECW2730 or ECF2331) and (ECF1100, ECS1101 or ECW1101) before you enrol.
When is ECS3143 offered?
In 2021, ECS3143 runs in Semester 2 and Summer B at South Africa.
How much work is ECS3143?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECS3143 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 2 other tasks.