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BFN302Management Sciences3 Unitsintermediate

Monetary Theory and Policy

This course explores monetary theory and policy, providing a comprehensive overview of money, its demand and supply, and the role of financial institutions. It covers inflation, deflation, monetary policies, and the Nigerian capital and money markets. The course also delves into international trade, balance of payments, public finance, taxation, and budgeting in the Nigerian public sector. Students will gain insights into economic growth, development planning, unemployment, and the management of foreign operations and international trade.

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208h
Study Time
13
Weeks
16h
Per Week
basic
Math Level
Course Keywords
Monetary TheoryMonetary PolicyFinancial InstitutionsInflationPublic Finance

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level
Builds on foundational knowledge
65%
intermediate
➕
Math Level
Basic Math
📖
Learning Type
Theoretical Focus

Course Topics

Key areas covered in this course

1

Money and its functions

2

Demand and supply of money

3

Financial institutions

4

Inflation and deflation

5

Monetary policy

6

International trade

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

Assignments

Comprehensive evaluation of course material understanding

Written Assessment

Tutor-Marked Assessments

Comprehensive evaluation of course material understanding

Written Assessment

Final Examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Financial Analyst

Apply your skills in this growing field

Bank Manager

Apply your skills in this growing field

Investment Advisor

Apply your skills in this growing field

Economist

Apply your skills in this growing field

Policy Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceGovernmentConsultingInternational Trade

Study Schedule Beta

A structured 13-week journey through the course content

Week
1

Module 1: Introduction

8h

Unit 1: Money

8 study hours
  • •Define money and its evolution
  • •Identify types of money
  • •Explain functions of money
  • •Compare market and subsistence economies
Week
2

Module 1: Introduction

7h

Unit 2: Demand for Money

7 study hours
  • •Explain the difficulties of Trade by Barter
  • •Explain the qualities of money
  • •Discuss the role of money in the economy
Week
3

Module 1: Introduction

8h

Unit 3: Supply of Money

8 study hours
  • •Define the Supply of Money
  • •Evaluate the determinants of Money Supply
  • •Estimate the money stock
Week
4

Module 1: Introduction

7h

Unit 4: Types of Financial Institutions

7 study hours
  • •Define Financial Institutions
  • •Identify the various types of Financial Institutions
  • •Explain bank and non-bank financial institutions
Week
5

Module 1: Introduction

8h

Unit 5: Functions of Financial Institutions

8 study hours
  • •Identify the functions of bank financial institutions
  • •Explain the functions of non-bank financial institutions
  • •Differentiate between the functions of specialised banks
Week
6

Module 2: Financial Control and Markets

7h

Unit 1: The Control of Financial Institutions

7 study hours
  • •Examine how Central Bank of Nigeria controls Financial Institutions
  • •Explain the importance of the Federal Ministry of Finance
  • •Explain the activities of the Securities and Exchange Commission (SEC)
Week
7

Module 2: Financial Control and Markets

8h

Unit 2: Inflation

8 study hours
  • •Define inflation
  • •Itemize the types of inflation
  • •Explain the causes of inflation in Nigeria
  • •Explain the effects of inflation
Week
8

Module 2: Financial Control and Markets

7h

Unit 3: Deflation

7 study hours
  • •Define deflation
  • •Determine the effects of deflation
  • •Examine the various ways of controlling deflation
Week
9

Module 2: Financial Control and Markets

8h

Unit 4: Tools of Monetary Policies

8 study hours
  • •Explain the meaning, objectives and stance of monetary policy
  • •Discuss the various tools and techniques of monetary policy
  • •Examine the administrative procedure of formulation of monetary policy
Week
10

Module 2: Financial Control and Markets

7h

Unit 5: The Nigerian Capital and Money Markets

7 study hours
  • •Define the meaning of financial market, money market, capital market and their operators, instruments
  • •Identify the money market instrument and institutions
  • •Explain the functions of the Nigerian Money Market
Week
11

Module 3: International Economics

8h

Unit 1: International Trade

8 study hours
  • •Explain the concept, reasons for and importance of International Trade
  • •Quote the classical Theories of International Trade
  • •Identify the advantages and disadvantages of International Trade
Week
12

Module 3: International Economics

7h

Unit 2: The Balance of Payments

7 study hours
  • •Differentiate between Balance of Trade and Terms of Trade
  • •Explain the meaning of Balance of Payments and its various items
  • •Evaluate the consequences of chronic balance of payment deficits
Week
13

Module 3: International Economics

16h

Unit 3: Scope of Public Finance

8 study hours
  • •Explain the meaning of Public Finance
  • •Differentiates between Public Sector and Private Sector of the economy
  • •Examine the objectives of Public Finance

Unit 4: Taxation and Fiscal Policies

8 study hours
  • •State clearly the reasons why Government levy tax or tax objectives
  • •Define the principles of taxation
  • •Point out the characteristics or features of a good tax system

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create flashcards for key terms in Units 1-5 (money supply, inflation)

2

Practice graphical analysis of supply/demand from Units 7-9

3

Review past TMA questions and solutions thoroughly

4

Focus on Nigerian economic examples in Units 10-13

5

Allocate study time proportionally to unit weightings in syllabus

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