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MBF833Management Sciences3 Unitsintermediate

Money And Banking

This course provides an overview of money and banking systems. It explores the evolution of money, the barter system, and the functions and characteristics of money. The course also covers the demand and supply of money, inflation, monetary policy, and the role of central and commercial banks. Additionally, it examines merchant and development banks, and the Nigerian Deposit Insurance Corporation.

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156h

Study Time

13

Weeks

12h

Per Week

basic

Math Level

Course Keywords

MoneyBankingInflationMonetary PolicyCentral Bank

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

Evolution of Money

2

Barter System

3

Functions of Money

4

Demand and Supply of Money

5

Inflation

6

Monetary Policy

7

Banking System

8

Central Bank

9

Commercial Banks

10

Credit Creation

11

Merchant Banks

12

Development Banks

13

NDIC

Total Topics13 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 Assignments

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

Banking Associate

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

BankingFinanceEconomicsGovernmentConsulting

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1: BANKING

6h

Unit 1: Meaning and Evolution of Money

3 study hours

•Read about the meaning of money and its various definitions.
•Trace the evolution of money from commodity to near money.
•Identify and describe the different types of money in use today.

Unit 2: The Barter System and the Role of Money

3 study hours

•Understand the concept of the barter system and its limitations.
•Discuss the static and dynamic roles of money in overcoming these limitations.
•Analyze how money facilitates trade and economic development.

Week

2

Module 1: BANKING

6h

Unit 3: Characteristics and Functions of Money

3 study hours

•Identify the key characteristics that make a commodity suitable as money.
•Explain the primary, secondary, and contingent functions of money.
•Discuss how money serves as a medium of exchange, unit of account, and store of value.

Unit 4: The Demand for Money

3 study hours

•Compare and contrast the classical and Keynesian theories of demand for money.
•Discuss the factors influencing the demand for money in underdeveloped countries.
•Analyze the motives for holding money: transactions, precautionary, and speculative.

Week

3

Module 1: BANKING

4h

Unit 5: The Supply of Money

4 study hours

•Explain the constituents of money supply: currency, bank money, and near money.
•Discuss the traditional and modern views on defining money supply.
•Analyze the factors influencing currency money and the determinants of money supply.

Week

4

Module 2: BANKING

4h

Unit 1: Inflation – Meaning

4 study hours

•Define inflation from common, Keynesian, and modern perspectives.
•Discuss the features and different types of inflation based on speed, inducement, time, scope, government reaction, and employment level.
•Understand the causes and consequences of inflation.

Week

5

Module 2: BANKING

4h

Unit 2: Causes, Effects and Control of Inflation

4 study hours

•Identify the causes of inflation related to demand and supply factors.
•Analyze the effects of inflation on production and distribution.
•Discuss various measures to control inflation: monetary, fiscal, direct controls, and other measures.

Week

6

Module 2: BANKING

4h

Unit 3: Monetary Policy

4 study hours

•Define monetary policy and its objectives: neutrality of money, exchange stability, price stability, full employment, and economic growth.
•Discuss the role of monetary policy in developing countries.
•Analyze the instruments of monetary policy and their effectiveness.

Week

7

Module 2: BANKING

6h

Unit 4: Meaning and Evolution of Banking

3 study hours

•Define a bank, banking, and banker from different perspectives.
•Trace the evolution of banking, including the roles of goldsmiths and early banking practices.
•Understand the development of banking in Nigeria from colonial times to the present.

Unit 5: The Central Bank

3 study hours

•Explain the role of the central bank as the apex bank in a country.
•Discuss the functions of the central bank: currency regulation, banker to the government, custodian of reserves, lender of last resort, and controller of credit.
•Compare and contrast central banks with commercial banks.

Week

8

Module 3: BANKING

4h

Unit 1: The Role of Central Bank

4 study hours

•Discuss the role of the central bank in a developing economy: financial institution development, credit control, and balance of payments management.
•Analyze the credit control measures used by the central bank: quantitative and qualitative methods.
•Understand how the central bank promotes economic growth and stability.

Week

9

Module 3: BANKING

4h

Unit 2: The Commercial Bank

4 study hours

•Define commercial banks and their functions: accepting deposits, advancing loans, credit creation, and agency services.
•Discuss the role of commercial banks in a developing country: mobilizing savings, financing industry, trade, agriculture, and consumer activities.
•Understand how commercial banks contribute to economic development.

Week

10

Module 3: BANKING

4h

Unit 3: Credit Creation by Commercial Bank

4 study hours

•Explain the process of credit creation by commercial banks.
•Analyze the factors limiting the power of banks to create credit: cash reserves, securities, banking habits, and central bank policies.
•Understand the role of the deposit multiplier in credit expansion.

Week

11

Module 3: BANKING

4h

Unit 4: Merchant and Development Banks

4 study hours

•Define merchant banks and their functions: corporate finance, banking services, equipment leasing, and portfolio management.
•Discuss the role of merchant banks in providing financial services to corporations.
•Understand the money market services offered by merchant banks.

Week

12

Module 3: BANKING

4h

Unit 4: Merchant and Development Banks

4 study hours

•Define development banks and their rationale for establishment.
•Discuss the functions of the Nigerian Industrial Development Bank (NIDB), Nigerian Bank for Commerce and Industry (NBCI), and Nigerian Agricultural Cooperative and Rural Development Bank (NACRDB).
•Understand the role of these banks in promoting economic development in Nigeria.

Week

13

Module 3: BANKING

4h

Unit 5: The Nigerian Deposit Insurance Corporation

4 study hours

•Explain the role of the Nigerian Deposit Insurance Corporation (NDIC) in the banking industry.
•Discuss the functions of the NDIC: deposit insurance, financial assistance, and bank supervision.
•Understand the essentials of banking regulation: depositor protection, monetary stability, and consumer protection.

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 the evolution of money, noting key milestones and their impact.

2

Develop a comparative chart outlining the key differences between the classical and Keynesian views on money demand.

3

Practice applying monetary policy tools to hypothetical economic scenarios.

4

Summarize the functions of the Central Bank and Commercial Banks, focusing on their roles in economic development.

5

Review the causes and effects of inflation, and the measures used to control it.

6

Create concept maps linking Units 3-5 database concepts

7

Practice SQL queries from Units 7-9 weekly

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