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Diploma in Central Banking Monetary Policy – Level 3


Diploma in Central Banking Monetary Policy – Level 3 Central banks or the currency boards are the main authorities involved with the monetary policies of a country. These monetary policies influence the money supply of a country and is an essential area of study to understand economics. If you came here wanting to learn about monetary policies and how it is implemented within an economy, this Diploma in Central Banking Monetary Policies – Level 3 is all you need! This course mainly aims at individuals aspiring to get into or already in government agencies, state banks, central banks, business consultancy and finance, provided they have a recognized qualification at level 2 or above in a related disciple. Starting with the essence of central banks within an economy, this detailed course will then move onto explain the functions of a banker and advisor to the government. All the functions of the banking system will be relayed through this course, after which the preceding modules will enlighten you on money management, money creation and monetary policy framework. This course will help you understand how an open economy works and how activities in an open economy affect monetary policies. You can also use this knowledge of monetary policies to make effective business decisions or to help your management. By the end of this course, you will be confident enough to successfully apply the practical knowledge on monetary policies within an organisation. The course has been endorsed under the ABC Awards and Certa Awards Quality Licence Scheme. This means that Global Edulink* has undergone an external quality check to ensure that the organisation and the courses it offers, meet defined quality criteria. The completion of this course alone does not lead to a regulated qualification* but may be used as evidence of knowledge and skills gained. The Learner Unit Summary may be used as evidence towards Recognition of Prior Learning if you wish to progress your studies in this subject. To this end the learning outcomes of the course have been benchmarked at Level 3 against level descriptors published by Ofqual, to indicate the depth of study and level of demand/complexity involved in successful completion by the learner. The course itself has been designed by Global Edulink* to meet specific learners’ and/or employers’ requirements which cannot be satisfied through current regulated qualifications. ABC Awards & Certa Awards endorsement involves robust and rigorous quality audits by external auditors to ensure quality is continually met. A review of courses is carried out as part of the endorsement process. Eligible for TOTUM card – TOTUM is the #1 student discount card and app giving you access to exclusive student deals on food and fashion, tech and travel and everything in between. *Regulated qualification refers to those qualifications that are regulated by Ofqual / CCEA / Qualification Wales

SKU: 280266 Category:


Accounting and finance_Banking


What Will I Learn?

  • Gain a clear understanding and discuss the context of central banking.
  • Explain in detail the function of banker and advisor to the government.
  • Describe in detail the functions of the banking system and management of money.
  • Gain an understanding of the framework of monetary policy.
  • Discuss the models of monetary policy.
  • This academic qualification will enable learners to have confidence in their skills in their field of study and apply practical knowledge in their job position.

Course Curriculum

1: Essence of Central Banking

  1. Essence of central banking
  2. Learning outcomes
  3. Introduction
  4. Milieu of the central bank: the financial system
  5. Context of central banking: financial stability
  6. Introduction
  7. Why financial stability?
  8. How is financial stability achieved domestically?
  9. Worldwide focus
  10. Balance sheet of a central bank
  11. Introduction
  12. Liabilities
  13. Notes and coins
  14. Deposits: government
  15. Foreign loans
  16. Central bank securities
  17. Assets
  18. Loans to government
  19. Loans to banks
  20. Money creation
  21. Functions of central banks

2: Banker and Advisor to Government

  1. Banker & advisor to government
  2. Introduction
  3. The interbank markets
  4. The bank – to – central bank interbank market
  5. The central bank – to – bank interbank market
  6. The central bank – to – bank interbank market
  7. Bank liquidity management
  8. Banker to government
  9. Tax and loan accounts
  10. Introduction
  11. Tax payments
  12. Receipts of loan issues
  13. Problem from perspective of central bank
  14. Problem from perspective of government
  15. Problem from perspective of banks
  16. The solution
  17. Tax payments by individuals
  18. Issues of government securities
  19. Disbursement of funds (for procurement of goods from NBPS)
  20. Monetary policy tool
  21. Public debt management
  22. The public debt14
  23. Domestic versus foreign debt
  24. Term structure of debt
  25. Relationship with monetary policy
  26. In – progress debt management
  27. Ratio to gross domestic product
  28. The central bank and public debt management
  29. Administration of exchange controls

3: Management of Money

  1. Management of money & banking system
  2. Learning outcomes
  3. Introduction
  4. Provision of internal corporate support services and systems
  5. Table 1: Functions of central banks
  6. Banker to private sector banks
  7. Settlement of interbank claims
  8. Supervision of payments system
  9. Lender of last resort
  10. Introduction
  11. Large/small bank problem
  12. Confidence and the bank run
  13. Currency (notes and coins) management
  14. Bank supervision
  15. Introduction
  16. Rationale for regulation
  17. Objectives of regulation
  18. Management of foreign assets23
  19. Introduction
  20. Why do central banks hold foreign assets?
  21. The desired level of reserves
  22. Foreign asset reserve management
  23. Risk
  24. Number of securities in portfolio
  25. The USD in foreign asset reserve management
  26. Development of the debt market

4: Money Creation & Framework of Monetary Policy

  1. Money Creation & framework of monetary policy
  2. Learning outcomes
  3. Introduction
  4. Measuring money
  5. Money identity: sources of money creation
  6. Introduction
  7. Example: Exports
  8. Example: government issues bonds
  9. Example: bank notes
  10. Money destruction
  11. Bank deposits and the reserve requirement
  12. Statutory environment
  13. Price stability
  14. Introduction
  15. What Is Price Stability?
  16. What are the benefits of price stability?
  17. Monetary policy accountability and transparency
  18. Limitations of monetary policy
  19. Independence of central banks
  20. Bibliography

5: Monetary Policy models & Transmission

  1. Monetary policy: models & transmission
  2. Introduction
  3. Models of monetary policy
  4. Introduction
  5. Firm required reserves model
  6. Interbank rate model
  7. Quoins of monetary policy
  8. Path of monetary policy: from interest to inflation
  9. Bibliography

Access Duration

The course will be directly delivered to you, and you have 12 months access to the online learning platform from the date you joined the course. The course is self-paced and you can complete it in stages, revisiting the lectures at any time.

Method of Assessment

In order to complete the Diploma in Central Banking Monetary Policy – Level 3 successfully, all students are required to complete a series of assignments. The completed assignments must be submitted via the online portal. Your instructor will review and evaluate your work and provide your feedback based on how well you have completed your assignments.


OPTION-I: Endorsed Certificate of Achievement from ABC Awards (Printed and PDF format)

You can claim the ABC Awards Accredited Certificate issued by ABC Awards in printed format along with a Free PDF format. It will include a Learner Unit Summary (which lists the components the learner has completed as part of the course) with a cost of only £49.

Postal charges will not apply within UK, however a standard postal charge of £14 will apply if you are outside UK.

OPTION-II: CPD Certificate (Digital format and hard copy)

Successful learners can claim the CPD Accredited Certificate in the following formats:

  • Digital format (PDF) will cost you £29.
  • Printed Format will cost you £39.

Postal charges will not apply within UK, however a standard postal charge of £14 will apply if you are outside UK.

Course Code: QLS-04484

Awarding body (Accreditation)

ABC Awards and Certa Awards have long-established reputations for providing high quality vocational qualifications across a wide range of industries. ABC Awards and Certa Awards combine over 180 years of expertise combined with a responsive, flexible and innovative approach to the needs of our customers.

Renowned for excellent customer service, and quality standards, ABC Awards and Certa Awards also offer regulated qualifications for all ages and abilities post-14; all are developed with the support of relevant stakeholders to ensure that they meet the needs and standards of employers across the UK.