BIRMINGHAM CITY UNIVERSITY UNDERGRADUATE DEGREES COURSEWORK FRONT SHEET MODULE TITLE: MONETARY THEORY AND POLICY MODULE

CODE:QME 5001 LECTURER: JOHN McDONAGH ISSUE DATE: OCTOBER 2011 DEADLINE DATE: TUESDAY JANUARY 10th 2012 Any submissions after 12.00 noon on the deadline day will be counted as LATE. TARGET RETURN DATE 4 Working Weeks

Monetary Theory and Policy

ASSESSMENT The assessment for this module is 100% individual coursework Undertake ONE of the following essays EITHER 1/ Evaluate the role of moral hazard issues in helping cause the global financial crisis of the late 2000s and in determining the optimal official policy responses necessary to prevent future financial crises. Please note a/ Official in this context relates to the policies of government, central bank and regulatory agencies. b/ Include in your analysis consideration of alternative views on the relative significance of market failure and official failure in causing the financial crisis. . c/ Do not consider issues specific to the recent Eurozone crisisi.e. you should not consider the specific issues related to the financial crises in particular Eurozone countries related to sovereign debt crises,their implications for European monetary union and international competitiveness. (These matters will be analysed in the International Economics module (QME6013) OR 2/ Evaluate the relevance of the quantity theory of money in the 21st century. NB 1/ Include in your analysis consideration of alternative views on the quantity theory of money 2/ Evaluate relevant theoretical analysis and empirical evidence

NB : For both essays 1. Word limit 5,000 words.

Please note the Business Schools policy on exceeding a word limit If you exceed the stipulated word limit by up to 10%, no action will be taken, though you may receive adverse feedback. If you exceed the stipulated word limit by more than 10%, a deduction of 10% of the mark awarded will be made to reflect the fact that you have not met the assessment requirements.

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You should use a wide range of sources. A minimum of 7 relevant sources should be consulted but note that it is not the number of sources that is important but that the range of reading contributes to you producing an essay with high quality analysis. Simply citing 7 or more sources will not even guarantee a pass mark You are required to note all sources using the Harvard referencing system. A link to a comprehensive guide to the rules of Harvard referencing produced by the Universitys library is provided on the modules Moodle site

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