Money and Banking

1. Explain the meaning and origin of money.
2. Differentiate between classical, Keynesian, and post-Keynesian approaches to demand for money.
3. Understand the definition and evolution of banking systems in Nigeria.
4. Distinguish between banking and non-banking financial institutions.
5. Explain the significance of banks to economic development.

13 weeks, about 28 hours in total. Yours will differ.

1. Week 1Module 1: Basic Concepts of Money and Credit

   • Unit 1: Meaning and Relevance of Money · 2 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..

2. Week 2Module 1: Basic Concepts of Money and Credit

   • Unit 2: Theory of Money · 2 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..

3. Week 3Module 1: Basic Concepts of Money and Credit

   • Unit 3: Money, Credit and their Significance to the Economy · 2 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..

4. Week 4Module 2: Financial Institution and Its Relevance to the Economy

   • Unit 1: Meaning of financial institution and its classification · 2 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..

5. Week 5Module 2: Financial Institution and Its Relevance to the Economy

   • Unit 2: Central Bank in Action and Its Economic Significance · 2 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..

6. Week 6Module 2: Financial Institution and Its Relevance to the Economy

   • Unit 3: Nigerian Commercial and Merchant Bank · 2 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..

7. Week 7Module 2: Financial Institution and Its Relevance to the Economy

   • Unit 4: Non-Bank Financial Institutions · 2 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..

8. Week 8Module 3: The Nigerian Financial System

   • Unit 1: Nigerian financial system and its significance to economic development · 2 hours

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

9. Week 9Module 3: The Nigerian Financial System

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

10. Week 10Module 3: The Nigerian Financial System

    • Unit 3: Nature of Financial Assets · 2 hours

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

11. Week 11Module 4: Roles and Performance of Development, Microfinance, Rural, Cooperative and Islamic Banks

    • Unit 1: Organization and function of Development Banks · 2 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..

12. Week 12Module 4: Roles and Performance of Development, Microfinance, Rural, Cooperative and Islamic Banks

    • Unit 2: The Activities of Microfinance Banks in Nigeria · 2 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..

13. Week 13Module 4: Roles and Performance of Development, Microfinance, Rural, Cooperative and Islamic Banks

    • Unit 3: Rural and Cooperative Banking in Nigeria · 2 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 hours

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