MAB611S:Money and Banking- 2023

Faculty of Commerce, Human Sciences and Education

Department of Economics, Accounting and Finance

COURSE OUTLINE (MONEY AND BANKING)

STATEMENT ABOUT ACADEMIC HONESTY AND INTEGRITY

All staff and students of the Namibia University of Science and Technology (NUST), upon signing their employment
contracts and registration forms, commit themselves to abide by the policies and rules of the institution. The core
activity of NUST is learning and in this respect academic honesty and integrity is very important to ensure that learning
is valid, reliable and credible.

NUST therefore does not condone any form of academic dishonesty, including plagiarism and cheating on tests and
assessments, amongst other such practices. NUST requires students to always do their own assignments and to
produce their own academic work, unless given a group assignment.

Academic Dishonesty includes, but is not limited to:

• Using the ideas, words, works or inventions of someone else as if it is your own work.
• Using the direct words of someone else without quotation marks, even if it is referenced.
• Copying from writings (books, articles, webpages, other students’ assignments, etc.), published or
unpublished, without referencing.
• Syndication of a piece of work, all or part of an assignment, by a group of students, unless the assignment
was a legitimate group assignment.
• The borrowing and use of another person’s assignment, with or without their knowledge or permission.
• Infringing copyright, including documents copied or cut and pasted from the internet.
• Asking someone else to prepare an assignment for you or to write or sit an assessment for you, whether this
is against payment or not.
• Re-submitting work done already for another course or programme as new work, so-called self-plagiarism.
• Bringing notes into an examination or test venue, regardless of whether the notes were used to copy or not.
• Receiving any outside assistance in any form or shape during an examination or test.

All forms of academic dishonesty are viewed as misconduct under NUST Student Rules and Regulations. Students who
make themselves guilty of academic dishonesty will be brought before a Disciplinary Committee and may be
suspended from studying for a certain time or may be expelled. All students who are found guilty of academic
dishonesty shall have an appropriate endorsement on their academic record, which will never be erased.

COURSE INFORMATION

COURSE CODE AND TITLE: [MAB611S: Money and Banking]

DEPARTMENT: Economics, Accounting and Finance

PROGRAMME: Bachelor of Economics

CONTACT HOURS:
Full time: Four (4) contacts hours per week (Blended).
Part time: Three (3) Contact hours per week (Blended).
 MAB611S:Money and Banking- 2023
NQF LEVEL AND CREDIT:
[NQF 6, 13 credits]

COURSE DESCRIPTION:

This course aims to equip students with knowledge of the money and the payments system, the money
supply process, demand for money, and economic policy analysis through the use of the Investment Saving
(IS) and Liquidity Preference Money Supply (LM) and the Aggregate Demand (AD) and Aggregate Supply (AS)
curves. The course will draw examples from Namibia, Southern Africa Development Community (SADC)
countries and some selected developed countries. The knowledge imparted to students in this course will
enable them to understand and analyze financial intermediaries and financial markets better. The course also
aims to equip the students with the knowledge of how monetary policy works in any economy.

PRE-REQUISITES:
Principles of Macroeconomics (IMA612S)

COURSE DELIVERY METHODS:

Classroom (Full Time and Part Time)

The following communication tools will be used in this course:

[Email, Discussion forums, online content, MyNUST, MS teams, WhatsApp]

Course Format:
The course will be facilitated through the following learning activities:
• Lectures, in which students are expected to be actively involved
• Assigned readings
• Discussions (all students are expected to participate)
• Individual or group class presentations
• Assignments and tests
• Guest Lectures

EFFECTIVE DATE:
[06 February 2023 – 19 May 2023]

LECTURER INFORMATION
Lecturer’s name: Mr Eslon Ngeendepi
Email: [email protected]
Office phone: 061 207 2482
Office location: Poly Heights, Room 204, Second floor
Office hours: 07:30 to 12:30
Consultation hours:

Monday, 09:30 – 11:30

Tuesday, 10:30 – 11:30
Wednesday, 10:30 – 11:30
Thursday, 09:30 – 10:30
Friday, 08:30 – 09:30

STUDENT READINESS

Student Commitments and Contact Times:

• You are expected to attend classes regularly (at least 80%) and participate in all assessments.
• Absence from lectures may count against you in the calculation of semester marks.
• The use of cell phones during contact hours is not permissible.
 MAB611S:Money and Banking- 2023
Course Resources:
[Exercise book, pencil, pen, ruler, eraser, scientific calculator and graph book]

Prescribed Reading:
• Mishkin, F. S. (2019). The Economics of Money, Banking and Financial Markets (12th ed.),
Boston. Pearson Addison Wesley: ISBN 10: 1-292-26885-9, ISBN 13: 978-1-292-26885-9’, Book ISBN
13: 978-1-292-26892-7
• Haldane, A. G., Millard, S., & Saporta, V. (2016). The Future of Payment Systems (Routledge
International Studies in Money and Banking).

Recommended Reading:
• Hubbard, R. G. (2008). Money, the Financial System and the Economy, 6th edition, USA. Pearson
Addison Wesley.
• Vayk, K., Botha V, and Goodspeed, I. (2015), Understanding South African Financial Markets,
Van Schaik Publishers, Pretoria SA.
• Ritter, Silber and Udell (latest edition). The Economics of Money, Banking and Financial Markets.
Addison Wesley series.
• Sunde T. (2010) Money and Banking. COLL Study Guide, NUST

Periodicals
• All Bank of Namibia’s (BoN) quarterly bulletins & Annual Reports
• All Commercial Bank Publications
• Bank of Namibia’s occasional and working papers, various issues

Journals
• Journal of financial economics
• Journal of financial intermediation
• Journal of financial markets
• Journal of financial services research
• Journal of monetary economics
• Journal of money, credit and banking

Peer-reviewed Published Research Articles

Students to familiarize themselves with published research articles in scholarly journals continually during the
entire duration of this course.

STUDENT LEARNING

Learning Outcomes:
Upon successful completion of the course students will, through assessment activities, show evidence of their
ability to:

• Discuss different types of money, the value of money the functions of money, and the monetary
aggregates;
• Analyse the need for various financial institutions in the economy;
• Assess the importance and functions of Central Banking;
• Justify why each country should have a Central Bank;
• Evaluate the theories of the money supply process and the money demand process;
• Apply the money supply and money demand theories in empirical work,
• Analyse monetary policy by using the IS-LM and the AD-AS models, and
• Evaluate the causes and effects of financial crisis in the economies.
 MAB611S:Money and Banking- 2023

COURSE SCHEDULE:
(06/02/2023 - 19/05/2023) Topic Assessments
• Introduction
Week 1 (06 Feb – 10 Feb 2023) • Chapter 1: Why Study Money,
Banking, and Financial Markets?
Week 2 (13 Feb – 17 Feb 2023) • Chapter 2: An Overview of the • Presentation Group 1 due:
Financial System Weekly Reading Responses.
Week 3 (20 Feb – 24 Feb 2023) • Chapter 3: What Is Money? • Homework/Tutorial 1
Week 4 (27 Feb – 03 March 2023) • Chapter 4: The Meaning of Interest • Presentation Group 2 due:
Rates Weekly Reading Responses.
Week 5 (06 Mar– 10 March 2023) • Chapter 5: The Behavior of Interest
• TEST 1
Rates
Week 6 (13 Mar – 17 March 2023) • Chapter 8: An Economic Analysis of • Presentation Group 3 due:
Financial Structure Weekly Reading Responses
Week 7 (20 Mar – 24 Mar 2023) • Quiz 1
• Chapter 9: Banking and the
• Presentation Group 4 due:
Management of Financial Institutions
Weekly Reading Responses
Week 8 (27 Mar – 31 March 2023) • Homework/Tutorial 2
• Guest Lecture
• Chapter 14: Central Banks
• Presentation Group 5 due:
Weekly Reading Responses
Week 9 (11 April – 14 April 2023) • ESSAY submission due
• Chapter 15: The Money Supply
• Presentation Group 6 due:
Process
Weekly Reading Responses
Week 10 (17 April – 21 April 2023) • TEST 2
• Chapter 16: Tools of Monetary Policy
• Guest Lecture
Week 11 (24 April – 28 April 2023)
• Chapter 17: The Conduct of • Homework/Tutorial 3
Monetary Policy: Strategy and • Presentation Group 7 due:
Tactics Weekly Reading Responses

Week 12 (02 May – 05 May 2023) • Quiz 2

Chapter 18: The Foreign Exchange • Homework/Tutorial 4
Market • Presentation Group 8 due:
Weekly Reading Responses
Week 13 (08 May – 12 May 2023) • Chapter 22: The Monetary Policy and • Quiz (Supplementary)
Aggregate Demand Curves • TEST 3 (SUPPLEMENTARY)
Week 14 (15 May – 19 May 2023) • Revision
 MAB611S:Money and Banking- 2023
IMPORTANT DATES:

NOTE: The following dates are subject to change based on the needs of the students at the lecturer’s prerogative.
Students will be notified ahead of time of any changes.

Date Important Information

10 March 2023 Test 1
Time: 18:00 – 19:30
Venue: Auditorium North
24 March 2023 Quiz 1
Online: eLearning platform, Time: 18:00 – 19:00 (strictly)
11 April 2023 Essay submission due (Turnitin)
21 April 2023 Test 2
Time: 18:00 – 19:30
Venue: Auditorium North
05 May 2023 Quiz 2
Online: eLearning platform, Time: 18:00 – 19:00 (strictly)
10 May 2023 Supplementary Quiz
Online: eLearning platform, Time: 18:00 – 19:00 (strictly)
12 May 2023 Test 3
Time: 18:00 – 19:30
Venue: Auditorium North
June 2023 Examination

ASSESSMENT AND EVALUATION:

Assessment 1 Weight
Test 1 30%
Quiz 1 5%
Assessment 2
Test 2 30%
Quiz 3 5%
Assessment 3
Essay 20%
Presentations
5%

Tutorials/Homework (1+2+3+4) 5%
TOTAL: 100%
 MAB611S:Money and Banking- 2023

Minimum pass requirement for this course:

Your semester mark will be determined by way of TWO tests, TWO quizzes, ONE essay, FOUR tutorials and a group
presentation during the semester (refer to table above on how to determine semester marks).
Test 1 and Quiz 1 will form part of assessment 1 and contribute 35% towards the semester mark.
Test 2 and Quiz 2 will form part of assessment 2 and contribute 35% towards the semester mark.
Essay, presentation and tutorials contribute 30% towards the semester mark.

To get admission to the examination, you must have a semester mark of 40%. Your semester mark and examination
mark will be used jointly to determine your final mark in the ratio 40:60. To pass the course, you should obtain a final
mark of at least 50%.

COURSE POLICIES
Quizzes
Two semester quizzes will be written (online via eLearning). Each test will be 30minutes long. The two quizzes
are compulsory, each quiz contribute 5% towards the semester mark, should you miss one of the two quizzes
you will be expected write a supplementary quiz to replace the missed quiz at the end of the semester.

Test
Two semester tests will be written. Each test will be 1h30minutes long. The two tests are compulsory, and
each test contribute 30% towards the semester mark, should you miss one of the two test you will be
expected sit for the supplementary test to replace the missed test.

Essay
Your expected to submit an essay on a topic to be given on the 14th of February 2023.

Your essay must in all respects must comply with the formal APA referencing requirements. After Turn-it-in
submission, your plagiarism index score should be below 20%. The suggested length of the essay is 4 pages
max excluding the reference list. The essay must be typed in Calibri 11 and 1.5 spacing.

Your introduction must, in addition to the normal requirements of problem statement etc, also contain a
clear route map of the way you intend travelling in the pages ahead.

Essay must be a student’s own work and the mark given for the essay is a mark for the work done by that
student alone. The essay is not given as group work and not handed in as group work.

It follows that if a student hands in an essay or tutorial that contains work that is also found in the essay and
tutorial of another student, the student must be guilty either of plagiarism or collusion. Both are prohibited
and against the rules.

The essay will be subjected to an electronic matching with the essay of all the other students. Any essay
found to match more than can be reasonably expected will be assumed to have been copied (plagiarism) or
the result of collusion. It is certainly “deception relating to academic work”.

“Working in a group” is not an excuse and will not be accepted as a reason for plagiarism or collusion. It is, of
course, legitimate to discuss the essay or tutorial with other students, but that is not the same as working out
the answers together or sharing out the answers. Students can discuss the essay or tutorial question, what it
means and how it can be approached, but must still work out the answer on their own.

You are welcome at the start of a lecture to ask questions about the essay and tutorial (or any other work).

Rather attend the lecture than make yourself guilty of plagiarism or collusion. You can also ask questions via
e-mail. It is a very effective means of communicating as you get a written reply from me.

Any student that is suspected of plagiarism or collusion will receive zero for the essay. It does not matter who
“copied” from whom, both will receive zero.
 MAB611S:Money and Banking- 2023
The essay will count 20% of your course mark.

I will create a folder within the essay folder on eLearning loaded with some materials and a NUST guide to
APA referencing to help you write your essay. Note! This material is not enough to write a well-structured
academic essay. Students are required to do more research and find other useful materials.

Presentation
Group presentations are due before the start of each lesson. Students will be divided into 8 groups which will
be announced on all the course communication platform. Group presentations will be based on the weekly
readings provided on eLearning a week prior to the presentation date. This presentations contribute 5%
towards the semester mark.

Tutorials/ Assignment
Students are required to hand in 4 tutorials. For Continuous Evaluation purposes questions based on the
previous fortnight’s work and done at home will have to be submitted in class on the Thursday after the
week in which the tutorial was given.ALL your tutorials/homework will count 5% of your course mark.

The answers to the questions must be answered in a brief and to the point manner. YOU MUST ALWAYS GIVE
THE FORMULAS AND SHOW YOUR CALCULATIONS IN FULL!!!!!! The answers must be submitted in class (see
course outline) late submission will not be tolerated/allowed. NB You will be marked on showing how you
arrived at the answer, and not on giving the correct answer. Duplicating someone else’s answer will be
heavily penalized. If you work with someone in understanding the question, make sure that you still
answer the question yourself – that is the only way you can be assured that you understood the work. It is
also the only way in which I can see where you have problems and where I can help you.

General Academic Policies:

It is the student's responsibility to be familiar with and adhere to NUST’s Policies. These Policies can be found
in NUST Prospectus or online at www.nust.na/prospectus.

FAILURE TO PAY FEES:

A student who fails to pay his/her fees may not be allowed to write the examination and if allowed, the results will be
withheld until all outstanding fees are paid in full.

IMPORTANT STUDENT SERVICES AT NUST

There are a variety of services which you can use at the NUST. These services are to your advantage – Use them!!!
They include the following:
• Student Counseling and Career Development – Department: Students Services
• Writing Centre and student academic problems –Teaching and Learning Unit (CTL)
• Campus Health and Wellness Centre (CHWC) - Student Services’/ NUST Clinic
 MAB611S:Money and Banking- 2023

COMPLAINTS MANAGEMENT PROCEDURE

Should a student have any grievances, the following table highlights procedures to be taken by students.

Stage 1 Resolve the concern A student should try to resolve the issue Informally by approaching, the
informally lecturer involved. The student will receive a response within 24 working
hours.

Stage 2 Make a complaint The student can make a formal complaint by sending an email to the
member of staff involved as a follow up to step 1.
Stage 3 Refer to the HOD All complaints to the HOD should have a REFERENCE Number assigned in
stage 2 and HOD will not entertain complaints without reference
numbers ([email protected]).
Stage 4 Office of the Dean The office of the Dean will only attend to students who can prove they
followed step 1 to 4 and their complaints were not resolved.

AUTHORISATION:
This course is authorised for use by:

___________________________________ __________06/02/2023___________
Head of Department Date

ACKNOWLEDGEMENT BY STUDENT

(To be completed by all students on the course, detached from the course outline and kept on record in the
department)

I, (insert name), (Student number), hereby acknowledge that I have received this course outline for (insert course title
and code), and that I have familiarised myself with its content, in particular the statement about academic honesty
and integrity. I agree to abide by the Policies and arrangements spelt out in this course outline.

______________________ ___06/02/2023_____
Signature of Student Date