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The module provides a starting point for understanding financial markets. It attempts to link models of money, banking and finance into one generic, or foundation, view and provides insight into what determines the set of equilibrium prices required to provide an appropriate level of savings in an economy to finance the expected level of expected activity. It considers how financial and economic innovations have evolved over time, and explores why and how it seems to be that when finance fails, so does the modern market economy.
Important considerations within the module include:
• How can we analyse the appearance of money in an economy?
• What is the link between money and finance?
• What explains bank runs?
• Can we explain the occurrence of financial crises?
Private Study: 121
Contact Hours: 29
Total: 150
This module is optional for all Single and Joint honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.
Main assessment method
Essay (1500 words) (30%)
Examination, 2 hours (70%)
Reassessment Instrument: 100% exam
*for the 23-24 academic year exams will be in-person*
The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices.
The most up to date reading list for each module can be found on the university's reading list pages.
See the library reading list for this module (Canterbury)
On successfully completing the module students will be able to:
1. Demonstrate knowledge and understanding of the appearance of money
2. Understand the appearance and role of commercial banks as financial intermediaries
3. Analyse the functions of money, commercial banks and the central bank
4. Understand the relationship between the central bank and commercial banks
5. Apply analytical and mathematical skills to analyse financial issues
6. Analyse rate of return differences across different financial assets.
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