ECON5023 Modern Theory of Banking and Finance
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Coursework Briefing 2022/23
ECON5023
Modern Theory of Banking and Finance
Question
Write a 2000-word long essay critically discussing the following questions:
1) How did the rising inflation in 2022-2023 affect monetary policy in advanced economies? In particular, how did central banks in the USA, Euro Area and the United Kingdom react to rising inflation so far?
2) How did this affect the market interest rates, such as deposit interest rates, lending interest rates and yield curves for treasury securities?
3) How do you think higher interest rates due to monetary policy tightening will affect the financial performance of banks? In particular, do you think the traditional banks, which mainly experienced low profits in the aftermath of Global Financial Crises, would benefit from a higher interest rate environment? Why or Why not?
Further details
When writing your essay, you should pay attention to these points:
- Make sure that your essay provides a critical discussion addressing the questions given above. You can expand your essay flexibly on other related directions, as long as you do not exceed the word limit and you do not provide arguments irrelevant to the core questions above.
- To solidify your arguments, make use of data and examples from literature. Your essay should also cite necessary literature in research articles, news articles, government working papers, books etc.
- Discuss ideas/concepts in your own words. Do not plagiarize! You must cite even paraphrased ideas/data/examples you find in other sources.
- Draw your own Tables and Figures by using the raw data that you will collect. Do not copy and paste the Tables and the Figures directly from other resources. Provide the information on the source of the data (institutions, report, websites you obtained the data)
- A few writing tips:
o Use headings and sub-headings to break up the paper into distinct parts (i.e. Introduction, Main Body, Conclusion).
o Make sure your essay has a title.
o Avoid excessive introductions: get to the point, state it, and then move on.
o Write in a formal language. Check your spelling. Make proof-reading.
This assessment is group-based in order to:
• Enhance students’ ability to work in groups
• Develop students’ discussion and critical thinking skills in economic and financial analysis via peer discussions.
Arrangements for forming groups and allocating roles
The arrangements for forming groups and allocating roles are as follows:
• Groups are created randomly
Groups must discuss theBusiness School's Assessed Groupwork Policyand agree how they will apply it at their first meeting. The policy can be found on the Student Information Point Moodle. Note that the School’s Coursework Group Policy is being revised as of August 2022 and may change slightly. We will update you when the policy is finalised.
Moodle forum
Group members must use the group forum provided to interact to ensure that no student is disadvantaged by not having a particular social media account.
Assessment criteria
Coursework Rubric
A holistic rubric provides a list of assessment criteria together with broad description of the characteristics that would be expected for each level of performance.
Criteria |
Excellent |
Very Good |
Good |
Satisfactory |
Weak |
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The essay discussing all three questions with a focus on how rising inflation affected central banks’ policy decisions, how various interest rates have responded to monetary policy tightening and how traditional banks’ financial performance can be affected from this. |
An excellent essay should provide: - Detailed explanations on the key concepts and mechanisms. - Critical discussions provided with clear reference to both theoretical and empirical studies - Supporting the arguments with the self-collected data. |
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In a good essay, the discussion may lack some important details. There will be some reference to theory and empirical studies, but some important details may be lacking. The essay uses the data to support arguments, but either some key data has not been utilized or data has not been used clearly (for example, there are some inconsistencies, some irrelevant data has been used etc.) |
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The discussion lacks necessary depth, with almost no reference to theory and empirical studies. No reference to actual data. |
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Writing Style Presentation Arguments. |
- A narrative addressing the questions with appropriate use of language. - The essay has a clear title, introduction, main, body, conclusion and reference section. - The Tables and Graphs are presented |
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The |
some |
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clarity in general. The presentation of the text, data tables, and arguments lack structure. |
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clarity and has areas that could be improved regarding to presentation of the arguments. |
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in a clear way, and necessary references have been given. |
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Feedback method
Feedback on your assignment will normally be provided via Moodle. Generic (class-level) feedback and grade profiles will normally be posted on Moodle. Students can use academic staff office hours for additional feedback on your work.
Preparing your coursework
Document creation
Coursework
1. Please use this file naming convention: GroupNo_CourseCode_QuestionNo. e.g. Group3_ACCFIN4099_1. If there is no question choice, use 1 as the default.
2. The file type must be .doc, .doxc, .xls, .xlsx or .pdf.
3. Include your group number in your document, ideally in the header on each page with the course code and title, e.g. Group3_ACCFIN1003_Finance1.
4. The maximum file size limit on Moodle is 230MB
Formatting
You won’t be penalised if you don’t follow this good practice on formatting, but it will help your markers :
• Use a Sans Serif font in black, e.g. Arial, Avant Garde, Calibri, Helvetica and Geneva.
• Use font size 12.
• Use 1.5 or double line spacing.
• Align your text to the left margin.
• Add page numbers.
Referencing and bibliography
You should reference your sources appropriately and list these in a bibliography. The bibliography is excluded from your word limit. You should use the ‘Harvard’ referencing system, as detailed below for written coursework.
In the text, use the following referencing conventions:
• Smith (1999) argues that… . or
• It has been argued that…… . (Smith, 1999).
• If you use a direct quote, use quotation marks and cite the page number as well as the author and date, i.e. (Smith, 1999, p. 4).
• If you have two items by the same author in the same year, refer to one as ‘a’ and the other as ‘b’, i.e. Smith (1999a) and Smith (1999b). For more information, please refer to theUniversity Library webpage.
Student conduct
Plagiarism
You must adhere to the University’s rules regarding plagiarism which are based on the premise that ‘all work submitted by students for assessment is accepted on the understanding that it is the student's own effort’, in this case, the efforts of group members. More specifically, you must avoid plagiarism in the following forms:
• Copying from sources without ‘formal and proper acknowledgement’
• Inappropriate collaboration – working with non-members to produce your group’s coursework or copying work produced by another student/group
• Submitting work which you have obtained from another source, e.g. an essay mill
• Self-plagiarism – basing coursework on work that has already been submitted for assessment purposes.
For advice and more information, please consult:
• University Plagiarism Statement
Turnitin
Note that your coursework will be processed through Turnitin for similarity checking. You can submit a draft of your coursework to Turnitin before submitting your final copy. You will find information about using Turnitin on the Student Information Point Moodle.
Submitting your coursework
A designated member of the group must submit in accordance with the stated time and date on page 1. See below for information if you are unable to do so.
Finalising your document
Please follow the steps listed below:
1. Check spelling and grammar using the inbuilt tool on your device. You will not be penalised for grammatical and spelling errors but we recommend that you take the opportunity to correct them.
2. Check your file name (see above).
3. Check that you have used an accepted file type (see above).
4. Do not include any names in the file name or the document to support anonymous marking.
Uploading your document to Moodle
1. One group member will upload your document to the designated section of the Moodle course, which will be clearly signposted.
2. Try to upload your document at least 30 minutes before the deadline (page 1) in case you encounter any technical issues. You will be able to resubmit the document as often as you like until the submission deadline.
3. Complete the Declaration of Originality (see below) on behalf of the group.
Declaration of Originality
When you upload your coursework on Moodle, you will be required to select a checkbox to confirm that you agree with the University’s Declaration of Originality which applies to all academic work, as follows :
I confirm that this assignment is my own work and I have :
• Read and understood the guidance on plagiarism provided on the Student Information Point Moodle course including the University of Glasgow Statement on Plagiarism.
• Clearly referenced, in both the text and the bibliography or references, all sources used in the work.
• Fully referenced (including page numbers) and used inverted commas for all text quoted from books, journals, web etc.
• Provided the sources for all tables, figures, data etc. that are not my own work.
• Not made use of the work of any other student(s) past or present without acknowledgement. This includes any of my own work, that has previously, or concurrently, been submitted for assessment, either at this or any other institution, including school.
• Not sought or used the services of any professional agencies to produce this work.
• In addition, I understand that any false claim in respect of this work will result in disciplinary action in accordance with University regulations.
Extensions and non-submission with good cause
Please note, Extension Requests are not available for group assignments or exams. Please see guidance onGood Causefor extensions relating to these.
There is no reassessment opportunity for this coursework.
Late submission penalties
In the absence of good cause, late submission penalties will be applied as explained in the Student Information Point Moodle.
Questions
If you have any questions about this coursework briefing, please read it carefully again to ensure you fully understand it. If you still have questions, please post these on the course Moodle Discussion Forum.
Personal questions only can be sent to :
business-economics@glasgow.ac.uk
2023-02-17