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Central Banking :The Roles and Functions of Modern Central Banks

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Summary

Price
£15 inc VAT
Study method
Online
Duration
1 hour · Self-paced
Access to content
Lifetime access
Qualification
No formal qualification
CPD
10 CPD hours / points
Certificates
  • Certificate of completion - Digital certificate - Free
  • Certificate of completion - Hard copy certificate - £9.99
Additional info
  • Exam(s) / assessment(s) is included in price
  • Tutor is available to students

Overview

Central banks play a vital role in the modern economy. They are responsible for setting monetary policy, regulating the financial system, and maintaining financial stability.

This Central Banking :The Roles and Functions of Modern Central Banks course will teach you about the roles and functions of central banks. You'll learn about the history of central banking, the different types of central banks, and the tools that central banks use to manage the economy.

By the end of this course, you'll have a strong understanding of central banking. You'll be able to think critically about the role of central banks in the economy and make informed decisions about your investments.

Learning Outcomes:

  • Understand the historical development of central banking and its role in the international monetary system.
  • Explore the modern roles and functions of central banks, including monetary policy implementation.
  • Gain insights into financial market operations and the mechanisms of money creation in the modern economy.
  • Analyse the monetary policy transmission mechanism and its impact on economic stability.
  • Acquire skills in monitoring and identifying risks to ensure financial stability.
  • Evaluate the challenges faced by central banks in the ever-evolving financial landscape.
  • Develop strategies for optimal monetary policy operations during times of crisis.

Certificates

Certificate of completion - Digital certificate

Digital certificate - Included

Certificate of completion - Hard copy certificate

Hard copy certificate - £9.99

Inside the UK student have to pay an additional delivery fee of £10, whereas International students are required to pay an additional fee of £19.99 to receive a hard copy of the certificate delivered to their address.

CPD

10 CPD hours / points
Accredited by CPD Quality Standards

Course media

Description

Embark on a fascinating journey through the realm of Central Banking with our in-depth course. Over the span of eight comprehensive modules, you will delve into the history, functions, and challenges of modern central banks.

Module 01 sets the foundation by exploring the historical evolution of central banking and its crucial role in shaping the global economy. Moving forward, Module 02 sheds light on the diverse roles and functions of central banks in today's financial landscape. You will gain a deep understanding of monetary policy implementation, financial market operations, and the mechanisms of money creation in the modern economy.

As you progress to Module 03, you will uncover the intricacies of the monetary policy transmission mechanism and its impact on economic stability. Module 04 provides valuable insights into maintaining financial stability by effectively monitoring and identifying risks. Moreover, Module 07 addresses the challenges faced by central banks, preparing you to tackle complex issues in the field. Finally, in Module 08, you will delve into optimal monetary policy operations during crisis times, equipping you with strategies to navigate turbulent economic conditions.

Join us today and unlock the knowledge and insights necessary to excel in the captivating world of Central Banking.

Who is this course for?

  • Aspiring economists seeking a deep understanding of central banking principles.
  • Financial professionals looking to expand their knowledge of monetary policy and financial stability.
  • Government officials and policymakers involved in economic decision-making.
  • Researchers and academics focusing on monetary economics and central banking.
  • Graduates or students interested in pursuing a career in the field of economics.

Career path

  • Economic Analyst: GBP 35,000 - GBP 55,000 per year
  • Policy Advisor: GBP 40,000 - GBP 70,000 per year
  • Central Bank Officer: GBP 45,000 - GBP 80,000 per year
  • Financial Researcher: GBP 40,000 - GBP 60,000 per year
  • Economist: GBP 50,000 - GBP 90,000 per year

Questions and answers

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FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.