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ECO444Social Sciences2 Unitsintermediate

Money and Banking

This course provides an in-depth understanding of money and banking, focusing on the theories of demand and supply, and the role of banks and international financial systems. It explores the differences between product, money, and capital, including their functions and roles in the economy. The course also examines the Nigerian financial system, financial institutions, and the impact of monetary and fiscal policies on economic stability. It aims to enhance students' knowledge of money and capital markets in Nigeria.

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208h

Study Time

13

Weeks

16h

Per Week

basic

Math Level

Course Keywords

MoneyBankingFinancial InstitutionsCreditMonetary Policy

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 relevance

2

Theories of demand for money

3

Financial institutions and their classification

4

Central banking functions

5

Nigerian financial system

6

Financial markets

7

Development banking

8

Microfinance banking

9

Rural and cooperative banking

10

Islamic banking

Total Topics10 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

Bank Teller

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Investment Banker

Apply your skills in this growing field

Financial Manager

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

BankingFinanceInvestmentInsuranceReal Estate

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: Basic Concepts of Money and Credit

2h

Unit 1: Meaning and Relevance of Money

2 study hours

•Read the introduction to understand the evolution and relevance of money.
•Identify the different eras in the evolution of money.
•Understand the four major functions of money.

Week

2

Module 1: Basic Concepts of Money and Credit

2h

Unit 2: Theory of Money

2 study hours

•Define the demand for money and explain the classical theories behind it.
•Differentiate between Fisher's approach and the Cambridge approach.
•Understand the criticisms of the classical approach.

Week

3

Module 1: Basic Concepts of Money and Credit

2h

Unit 3: Money, Credit and their Significance to the Economy

2 study hours

•Define money, credit, and interest.
•Explain how banks create money and the limitations to this process.
•Understand the importance of bank credit to the economy.

Week

4

Module 2: Financial Institution and Its Relevance to the Economy

2h

Unit 1: Meaning of financial institution and its classification

2 study hours

•Understand the definition and evolution of financial institutions in Nigeria.
•Distinguish between banking and non-banking financial institutions.
•State the relevance of financial institutions to the economy.

Week

5

Module 2: Financial Institution and Its Relevance to the Economy

2h

Unit 2: Central Bank in Action and Its Economic Significance

2 study hours

•Discuss the origin of the Central Bank of Nigeria.
•Explain the traditional and development functions of the Central Bank of Nigeria.
•Evaluate the core mandate of the Central Bank of Nigeria.

Week

6

Module 2: Financial Institution and Its Relevance to the Economy

2h

Unit 3: Nigerian Commercial and Merchant Bank

2 study hours

•Identify the activities of commercial banks from those of merchant banks.
•Identify the organization structure of the commercial bank from that of the merchant bank.
•Understand the evolution of commercial banks in Nigeria.

Week

7

Module 2: Financial Institution and Its Relevance to the Economy

2h

Unit 4: Non-Bank Financial Institutions

2 study hours

•Understand the various non-bank financial institutions in Nigeria.
•Identify their functions and distinguish between each of them.
•Distinguish between non-bank financial institutions and banks.

Week

8

Module 3: The Nigerian Financial System

2h

Unit 1: Nigerian financial system and its significance to economic development

2 study hours

•Define the term financial system.
•Explain the elements of an ideal financial system.
•Examine the financial reforms, their issues, challenges and prospects.

Week

9

Module 3: The Nigerian Financial System

2h

Unit 2: The financial market and its role in the economic acceleration

2 study hours

•Define and explain both the money and capital market.
•Explain features of a developed money market and sections in a capital market.
•Discuss the aims for the establishment of the Nigerian money and capital market.

Week

10

Module 3: The Nigerian Financial System

2h

Unit 3: Nature of Financial Assets

2 study hours

•Define financial assets.
•Explain the types of assets and discuss the features of financial assets.
•List and explain the types of financial assets.

Week

11

Module 4: Roles and Performance of Development, Microfinance, Rural, Cooperative and Islamic Banks

2h

Unit 1: Organization and function of Development Banks

2 study hours

•Explain the meaning of development banks and trace their origin in Nigeria.
•Analyze the functions of development banks and discuss their features.
•List the objectives of development banks.

Week

12

Module 4: Roles and Performance of Development, Microfinance, Rural, Cooperative and Islamic Banks

2h

Unit 2: The Activities of Microfinance Banks in Nigeria

2 study hours

•Discuss an overview of microfinance banks in Nigeria.
•Explain the rationale for the formulation of the national microfinance policy.
•Elucidate the aims of the microfinance policy.

Week

13

Module 4: Roles and Performance of Development, Microfinance, Rural, Cooperative and Islamic Banks

4h

Unit 3: Rural and Cooperative Banking in Nigeria

2 study hours

•Define rural banking and discuss the objectives of the rural banking scheme.
•Explain the advantages and problems of rural banking.
•Define cooperative banking and discuss the Evolution of Co-operative Banks in Nigeria.

Unit 4: Roles and Performance of Islamic Banks in Nigeria

2 study hours

•Discuss the origin of Islamic banks in Nigeria.
•Explain the specific forms of Islamic Banking activities.
•Discuss the Islamic Financial System in Perspective.

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 a timeline of key events in the evolution of money and banking in Nigeria (Units 1-2, Module 1).

2

Compare and contrast the classical, Keynesian, and post-Keynesian theories of demand for money (Unit 2, Module 1).

3

Outline the functions of the Central Bank of Nigeria and its impact on the financial system (Unit 2, Module 2).

4

Summarize the key reforms in the Nigerian financial sector and their achievements (Unit 1, Module 3).

5

Develop case studies on the roles and performance of development, microfinance, rural, cooperative, and Islamic banks (Module 4).

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