Comparative Banking
- Management Sciences
- 300 level
- 3 credit units
- 271 pages
- 20 units
This course provides an introduction to the study of comparative banking systems. It explores the evolution, functions, and theories of banking institutions, with a focus on their role in economic development, particularly in Nigeria. The course covers universal banking, Islamic banking, and the structure of banking systems. It also examines the role of central banks and non-bank financial intermediaries, as well as monetary policy and the political economy of banking.
About this course
- Difficulty
- Intermediate
- Study hours
- 90 hours
- Maths
- Basic
- Content
- Theoretical, case study
- Practical work
- No
- Assignments
- Tutor marked assessments
- Final examination
What you'll read
The real module and unit structure of BFN306, taken from the course material NOUN publishes.
One paragraph, so you can see how it reads
BFN306 · UNIT 1: POLITICAL ECONOMY OF BANKING – DEFINITION AND DISCUSSION OF CONCEPT
This is a learning process that takes place both within and outside of tutorial sessions. Your tutorial facilitator guides your learning by doing the following things.
What you should be able to do
- Explain the evolution and functions of banking institutions
- Compare different banking systems
- Describe the role of central banks in economic development
- Analyze the impact of monetary policy
- Evaluate the role of non-bank financial institutions
- Understand the principles of Islamic banking
What it prepares you for
- Bank Manager
- Financial Analyst
- Loan Officer
- Financial Regulator
- Investment Banker
- Banking
- Finance
- Government Regulation
- Investment
- International Trade
Where it gets hard
The units students slow down on, and what makes each one heavy.
- Module 1: Political Economy of Banking
Unit 1: Definition and Characteristics of Political Economy of Banking
Understanding the interplay between economics, law, and politics requires a broad interdisciplinary perspective.
- Module 2: Universal Banking
Unit 5: Inter-Country Comparison of regulations and conduct of banks
Requires understanding of different regulatory frameworks and their impact on banking practices across various countries.
A suggested way through it
13 weeks, about 61 hours in total. Yours will differ.
- Week 1Module 1: Political Economy of Banking
Unit 1: Definition and Characteristics of Political Economy of Banking · 3 hours
Define political economy of banking. Discuss its characteristics, including structure and ownership..
Unit 2: Evolution of Political Economy of Banking · 2 hours
Trace the evolution of political economy of banking.. Differentiate between banking under capitalism and socialism..
- Week 2Module 1: Political Economy of Banking
Unit 3: Principles of Money and Banking · 3 hours
Explain the principles of time value of money.. Discuss risk compensation and decision-making based on adequate information..
- Week 3Module 1: Political Economy of Banking
Unit 4: Merchant Bank and Development Bank · 3 hours
Differentiate between merchant and development banks.. Discuss their functions and roles in economic development..
- Week 4Module 1: Political Economy of Banking
Unit 5: Banking Under Capitalism · 4 hours
Explain banking under capitalism.. Discuss the role of credit and the characteristics of finance capitalism..
- Week 5Module 2: Universal Banking
Unit 1: Universal Banking · 4 hours
Define universal banking.. Discuss its advantages, disadvantages, and objectives..
- Week 6Module 2: Universal Banking
Unit 2: Branch Banking · 3 hours
Define branch banking.. Discuss its advantages, disadvantages, and types of branches..
- Week 7Module 2: Universal Banking
Unit 3: Unit Banking · 3 hours
Define unit banking.. Discuss its advantages, disadvantages, and operational classifications..
- Week 8Module 2: Universal Banking
Unit 4: Islamic Banking · 4 hours
Discuss the concept of Islamic banking.. Explain its origin, history, and evolution..
- Week 9Module 2: Universal Banking
Unit 5: Inter-Country Comparison of regulations and conduct of banks · 4 hours
Compare regulations and conduct of banks across countries.. Discuss inter-temporal comparison of banking in Nigeria..
Unit 6: Inter-temporal comparison of banking in Nigeria · 3 hours
Discuss Inter-temporal comparison of banking in Nigeria.
- Week 10Module 3: Introduction to Banking
Unit 1: Origin, Growth and Development of Banking · 4 hours
Explain the origin, growth, and development of banking.. Discuss the functions of banks..
- Week 11Module 3: Introduction to Banking
Unit 2: Functions of Banks · 4 hours
Discuss the structure of banking systems.. Explain the Nigerian financial system..
Unit 3: Structure of Banking System · 3 hours
Explain the Nigerian Financial System.
- Week 12Module 3: Introduction to Banking
Unit4: The Nigerian Financial System · 4 hours
Explain credit instruments and credit creation by commercial banks..
Unit 5: Credit Instruments and Credit Creation by Commercial Banks · 3 hours
Discuss Credit Instruments and Credit Creation by Commercial Banks.
- Week 13Module 4: Role of Central Bank and Non Banking Systems
Unit 1: The Role of Central Bank in a Developing Economy · 4 hours
Discuss the role of the central bank in a developing economy.. Explain the development of banking in Nigeria..
Unit 2: Development of Banking in Nigeria · 3 hours
Discuss Development of Banking in Nigeria.
Preparing for the exam
- Create comparative tables outlining key features of different banking systems (Universal, Branch, Unit, Islamic).
- Focus on understanding the roles and functions of the Central Bank of Nigeria.
- Review the instruments of monetary policy and their impact on economic variables.
- Practice applying theoretical concepts to real-world scenarios in the Nigerian banking sector.
- Study the regulatory framework and the roles of different regulatory agencies (CBN, NDIC, SEC).
- Prepare concise summaries of each unit, focusing on key definitions, concepts, and examples.
Questions students ask about this course
What is BFN306 about?
This course provides an introduction to the study of comparative banking systems. It explores the evolution, functions, and theories of banking institutions, with a focus on their role in economic development, particularly in Nigeria. The course covers universal banking, Islamic banking, and the structure of banking systems. It also examines the role of central banks and non-bank financial intermediaries, as well as monetary policy and the political economy of banking.
How many units does BFN306 have?
BFN306, Comparative Banking, has 20 units across 4 modules, over 271 pages of course material. You can read it one unit at a time.
How many credit units is BFN306?
BFN306 carries 3 credit units, at 300 level in Management Sciences.
Is BFN306 hard?
BFN306 is rated intermediate level, with basic mathematical content. It is mostly theoretical and case study work.
How long does BFN306 take to study?
About 90 hours of study, spread across its 20 units.
How is BFN306 assessed?
BFN306 is assessed by assignments, tutor marked assessments and final examination.
What can I do with BFN306?
Bank Manager, Financial Analyst, Loan Officer, Financial Regulator and Investment Banker.