Money And Banking

1. Explain the evolution, functions, and characteristics of money.
2. Analyze the factors influencing the demand and supply of money.
3. Discuss the causes, effects, and control of inflation.
4. Describe the role of monetary policy in economic stability and growth.
5. Compare and contrast different types of banking institutions.
6. Evaluate the role of the NDIC in ensuring financial stability.

13 weeks, about 58 hours in total. Yours will differ.

1. Week 1Module 1: BANKING

   • Unit 1: Meaning and Evolution of Money · 3 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 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..

2. Week 2Module 1: BANKING

   • Unit 3: Characteristics and Functions of Money · 3 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 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..

3. Week 3Module 1: BANKING

   • Unit 5: The Supply of Money · 4 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..

4. Week 4Module 2: BANKING

   • Unit 1: Inflation – Meaning · 4 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..

5. Week 5Module 2: BANKING

   • Unit 2: Causes, Effects and Control of Inflation · 4 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..

6. Week 6Module 2: BANKING

   • Unit 3: Monetary Policy · 4 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..

7. Week 7Module 2: BANKING

   • Unit 4: Meaning and Evolution of Banking · 3 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 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..

8. Week 8Module 3: BANKING

   • Unit 1: The Role of Central Bank · 4 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..

9. Week 9Module 3: BANKING

   • Unit 2: The Commercial Bank · 4 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..

10. Week 10Module 3: BANKING

    • Unit 3: Credit Creation by Commercial Bank · 4 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..

11. Week 11Module 3: BANKING

    • Unit 4: Merchant and Development Banks · 4 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..

12. Week 12Module 3: BANKING

    • Unit 4: Merchant and Development Banks · 4 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..

13. Week 13Module 3: BANKING

    • Unit 5: The Nigerian Deposit Insurance Corporation · 4 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..