MONETARY POLICY AND ROLE OF CENTRAL BANK
- Course
- INBA501 - MONETARY POLICY AND ROLE OF CENTRAL BANK
- Department
- International Banking and Finance - English - Master
- Course Type
- Course
- Status
- Required
- Language
- English
- Credit
- 3
- ECTS
- 0
- T+P+L
- 3 + 0 + 0
- Course Coordinator(s)
- Asst. Prof. Dr. Murad Abdurahman BEIN
- Prerequisite
- -
- Keywords
- -
Course Description
Financial Markets, Banking, and Monetary Policy provides a comprehensive introduction to the financial system, including the markets, institutions, and mechanisms of finance, as well as the role of the central bank and monetary policy. The economic principles underlying finance are woven through the chapters, and the course includes an insightful introduction into the causes of and responses to the recent financial crisis. After the completion of this course students will have detailed information regarding the following topics; Overview of the Financial System, The Special Role of Commercial Banks, The Pricing of Financial Assets, Factors Affecting Yields, Principles of Portfolio Selection and Efficient Markets, The Money Market, The Bond Market, Securitization, The Mortgage Market, The Equity Market, Central Banking and the Federal Reserve, Monetary Policy: The Basics, Monetary Policy: Challenges Faced by Policymakers.
MONETARY POLICY AND ROLE OF CENTRAL BANK
Evaluation Tools (Active Term)
| Item | Type | Weight (%) |
|---|---|---|
| Midterm | Midterm | 30 |
| Final | Final | 40 |
| Project | Project | 30 |
| Total | 100 | |
Course outcomes
- 01 Explain the role and responsibilities of Central banks
- 02 Discuss the goals of Central Bank in conducting monetary policy
- 03 Explain how Central Banks conduct monetary policy and the various policy tools at their disposal.
- 04 Explain how Central Banks measure and manage the money supply.
- 05 Explain how Central Banks influence the level of interest rates in an economy
- 06 Describe the transmission process for monetary policy.
- 07 Explain International finance and Monetary policy
Course Syllabus
| Week | Topic |
|---|---|
| Week 1 | Overview of of the financial system Chp 1&2 |
| Week 2 | What is Money and the meaning of Interest rates ch3 and 4 |
| Week 3 | Central Banks Ch14 |
| Week 4 | The Money supply Process Ch15 |
| Week 5 | Tools of Monetary Policy Ch15 |
| Week 6 | The Conduct of Monetary Policy ch16 |
| Week 7 | The Conduct of Monetary Policy: Strategy and Tactics Ch17 |
| Week 8 | Quantity theory, Inflation and the Demand for Money Ch20 |
| Week 9 | The IS Curve Ch21 |
| Week 10 | The Monetary Policy and the Aggregate Demand Curves Ch 22 |
| Week 11 | Aggregate Demand and Supply Analysis Ch23 |
| Week 12 | Monetary Policy Theory Ch24 |
| Week 13 | The Role of Expectations in Monetary policy |
| Week 14 | Transmission mechanisms of monetary policy |
| Week 15 | International Finance and Monetary Policydence The Debate over the importance of money in economic fluctatuations |
Reference Books & Course Materials
- 01 Frederick S. Mishkin The Economics of Money, Banking and Financial Markets 11th Edition Pearson
Learning Outcomes
No learning outcomes have been defined.
Program Outcomes
- P01 PO1 Become competent in searching and comprehending the relevant academic articles, interpreting the information learnt or obtained via various channels and absorbing exceptional knowledge in their field.
- P02 PO2 Devoted themselves to be a qualified researcher and knowledge worker in their field all throughout their life and career.
- P03 PO3 Demonstrated that they developed their individual capabilities through written projects, assignments and presentations that they will independently implement both in academia and work contexts.
- P04 PO4 Gained key practical skills and knowledge which need to be implemented in their own research and business work environment.
- P05 PO5 Been able to implement critical and analytical thinking and analyses into their studies, research and work.
- P06 PO6 Become proficient in adopting the gained knowledge into practice and research in a critical, and analytical way.
- P07 PO7 Become experts in using information technology tools for their studies, research and workplace in an ethical and safely environment by sharing and transferring their knowledge.
- P08 PO8 Succeeded in working, researching and forming partnerships with their colleagues/team members in a global environment.
- P09 PO9 Proved themselves capable of disseminating and sharing knowledge, sustainingly communicating with others, in any global workplace or research setting.
- P10 PO10 Become capable of interpreting and transferring their qualified knowledge into practice and research.
- P11 PO11 Dedicated themselves to applying advanced academic studies and enrolled themselves in work or non-work projects related to environmental approaches and ethical issues.
Po-Lo Matrix
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