Module review for EC3332: MONEY AND BANKING I

Taken AY2015/2016 Semester 1

EC3332: MONEY AND BANKING I

Description:
In this module, students learn economic analysis of the following: (1) the structure and role of financial institutions, (2) tools and conduct of monetary policy, including monetary theory. Topics include the role of money; financial structure; management of financial institutions; financial crises; financial regulation; interest rates; the money supply process; theories of money demand; conduct of monetary policy, role of expectations in monetary policy and the role of money in different macroeconomic frameworks.
This module generally involves mostly memorization work regarding the different factors and effects of monetary policy. It is not particularly difficult, but can be a little tricky. The professor, Dr. Seet Min Kok, is an entertaining lecturer and I enjoyed learning about how financial crises came about. Webcasts are available for this module.

Assessment:
Tutorials follow the standard format of problem set presentations. However, there happened to be a surprise assignment during the second half of the semester. It was included as part of the 20% tutorial participation, and the assignment question (short-answer question, not calculation) included material not directly derived from the lecture material.

For examinations, the midterm was very manageable, but the finals were quite difficult. I did not manage to finish the whole paper in time. Since most questions were short-answer questions, my advice would be to learn and remember your material well, and write shortly and succinctly.

20% for CA in tutorial participation
30% for closed book MCQ mid-term test
50% for closed book final examination.


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