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Session: 2022/23

Last modified: 08/04/2022 09:56:39

Title of Module: Money, Banking & Finance

Code: ACCT09011 SCQF Level: 9
(Scottish Credit and Qualifications Framework)
Credit Points: 10 ECTS: 5
(European Credit Transfer Scheme)
School:School of Business & Creative Industries
Module Co-ordinator:James  Johnston

Summary of Module

The module introduces students to the concepts and principles that define the workings of money within society and looks at how domestic and international banking systems work, It examines both monetary policy and the operations of the international financial markets.

The role, and sometime failings, of financial regulation is explored, with reference to market conduct.

Students are required to explore the role of central banks in setting objectives, controlling and implementing monetary policy.

The module will encourage discussion and will use real-life case studies to explore the issues faced by the modern financial sector in a constantly changing environment.

The syllabus content will include:

- Features and functions of money

- Definitions and practical applications of monetary policy, including the role of government

- Interest rate policies

- Role, structure and and functions of a central bank

- Bond markets and categories of bonds

- Money and capital markets

- Financial intermediation and disintermediation

Module Delivery Method
Face-To-FaceBlendedFully OnlineHybridCHybridOWork-based Learning
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Term used to describe the traditional classroom environment where the students and the lecturer meet synchronously in the same room for the whole provision.

A mode of delivery of a module or a programme that involves online and face-to-face delivery of learning, teaching and assessment activities, student support and feedback. A programme may be considered “blended” if it includes a combination of face-to-face, online and blended modules. If an online programme has any compulsory face-to-face and campus elements it must be described as blended with clearly articulated delivery information to manage student expectations

Fully Online
Instruction that is solely delivered by web-based or internet-based technologies. This term is used to describe the previously used terms distance learning and e learning.

Online with mandatory face-to-face learning on Campus

Online with optional face-to-face learning on Campus

Work-based Learning
Learning activities where the main location for the learning experience is in the workplace.

Campus(es) for Module Delivery
The module will normally be offered on the following campuses / or by Distance/Online Learning: (Provided viable student numbers permit)
Paisley:Ayr:Dumfries:Lanarkshire:London:Distance/Online Learning:Other:
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Term(s) for Module Delivery
(Provided viable student numbers permit).
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Learning Outcomes: (maximum of 5 statements)

On successful completion of this module the student will be able to:

L1. Demonstrate a clear understanding of the features and functions of money and the international financial system.

L2. Demonstrate a clear understanding of the role of monetary policy in a global context.

L3. Discuss the main determinants of interest rates in the international bond and money markets.

L4. Crtically discuss how central banks conduct monetary policy within global capital markets.

Employability Skills and Personal Development Planning (PDP) Skills
SCQF Headings During completion of this module, there will be an opportunity to achieve core skills in:
Knowledge and Understanding (K and U) SCQF Level 9.

Demonstrate and/or work with:

An understanding of the scope and definining features of money, banking and finance, and an integrated knowledge of its main areas and boundaries in an international context.

A critical understanding of a range of the principles, principal theories, concepts and terminology relating to money, banking and finance.

A knowledge of one or more specialisms that is informed by forefront developments.

Practice: Applied Knowledge and Understanding SCQF Level 9.

Apply knowledge, skills and understanding:

In using a range of the principal professional skills, techniques, practices and/or materials associated with money, banking and finance.

In practising routine methods of enquiry and/or research.

Generic Cognitive skills SCQF Level 9.

Undertake critical analysis, evaluation and/or synthesis of ideas, concepts, information and issues relating to money, banking and finance.

Identify and analyse routine professional problems and issues relating to money, banking and finance.

Draw on a range of sources in making judgements.

Communication, ICT and Numeracy Skills SCQF Level 9.

Use a wide range of routine skills and some advanced and specialised skills in support of established practices in money,banking and finance, for example:

Presenting or conveying, formally and informally, information on topics relating to money, banking and finance.

Using a range of ICT applications to support and enhance work.

Autonomy, Accountability and Working with others SCQF Level 9.

Exercise autonomy and initiative in some activities at a professional level in relation to money, banking and finance.

Work independently, and where appropriate, under guidance.

Pre-requisites: Before undertaking this module the student should have undertaken the following:
Module Code:
Module Title:
Co-requisitesModule Code:
Module Title:

* Indicates that module descriptor is not published.

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Learning and Teaching
This module will use a traditional lecture and tutorial format of delivery. Lectures will be used to explore the underlying financial principles and the importance of finance in an international context. The lectures will be supported by tutorial discussion question, allowing students to reflect on their understanding of the theoretical information provided and to consider the practical implications for individuals, firms, governments, financial intermediaries and financial markets. Knowledge and understanding will be enhanced by reference to real-life scenarios and case studies. Through assessment, students will be able to demonstrate their evaluation, analysis and interpretative skills.
Learning Activities
During completion of this module, the learning activities undertaken to achieve the module learning outcomes are stated below:
Student Learning Hours
(Normally totalling 200 hours):
(Note: Learning hours include both contact hours and hours spent on other learning activities)
Lecture/Core Content Delivery12
Tutorial/Synchronous Support Activity0
Independent Study88
100 Hours Total

**Indicative Resources: (eg. Core text, journals, internet access)

The following materials form essential underpinning for the module content and ultimately for the learning outcomes:

Howells, P, and Bain, K., The Economics of Money, Banking and Finance - A European Text, Current Edition FT Prentice Hall - Pearson, Harlow.

Details of further resources, including textbooks, journals and online resources will be identified at the beginning of each delivery in the module handbook and made available via Moodle.

(**N.B. Although reading lists should include current publications, students are advised (particularly for material marked with an asterisk*) to wait until the start of session for confirmation of the most up-to-date material)

Engagement Requirements

In line with the Academic Engagement Procedure, Students are defined as academically engaged if they are regularly engaged with timetabled teaching sessions, course-related learning resources including those in the Library and on the relevant learning platform, and complete assessments and submit these on time. Please refer to the Academic Engagement Procedure at the following link: Academic engagement procedure

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Supplemental Information

Programme BoardAccounting, Finance and Law
Assessment Results (Pass/Fail) No
Subject PanelAccounting, Finance & Law
ModeratorJohn Struthers
External ExaminerL McCann
Accreditation Details
Version Number


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Assessment: (also refer to Assessment Outcomes Grids below)
Coursework comprising essay or report worth 100% of final mark.
(N.B. (i) Assessment Outcomes Grids for the module (one for each component) can be found below which clearly demonstrate how the learning outcomes of the module will be assessed.
(ii) An indicative schedule listing approximate times within the academic calendar when assessment is likely to feature will be provided within the Student Handbook.)

Assessment Outcome Grids (Footnote A.)

Component 1
Assessment Type (Footnote B.) Learning Outcome (1) Learning Outcome (2) Learning Outcome (3) Learning Outcome (4) Weighting (%) of Assessment ElementTimetabled Contact Hours
Essaycheck markcheck markcheck markcheck mark1000
Combined Total For All Components100% 0 hours

A. Referred to within Assessment Section above
B. Identified in the Learning Outcome Section above

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  1. More than one assessment method can be used to assess individual learning outcomes.
  2. Schools are responsible for determining student contact hours. Please refer to University Policy on contact hours (extract contained within section 10 of the Module Descriptor guidance note).
    This will normally be variable across Schools, dependent on Programmes &/or Professional requirements.

Equality and Diversity

UWS Equality and Diversity Policy
(N.B. Every effort will be made by the University to accommodate any equality and diversity issues brought to the attention of the School)

2014 University of the West of Scotland

University of the West of Scotland is a Registered Scottish Charity.

Charity number SC002520.