MONEY AND BANKING

Course Description

This course is designed to explain the importance of money and banking to economic activity. This course offers a systematic analysis of monetary theories and the financial system. Apart from exposing students to different approaches in monetary analysis, the course places a special emphasis on the up-to-date analysis of how information costs affect financial structure and monetary policy. The course will cover the structure and importance of the financial system, the functions of money, behavior of interest rates, financial structure and asymmetric information, bank management and regulation, debates on macroeconomic and monetary policies, the targets and instruments of monetary policies, the transmission mechanism of monetary policy and its effectiveness, money and inflation, rational expectations and its applications.

MONEY AND BANKING

Evaluation Tools (Active Term)

No evaluation items have been defined.

Course outcomes

1. 01 Assessing economic performance of banks
2. 02 Analysis of bank data
3. 03 Assessing performnce of different banks
4. 04 Correctly interpreting central bank activities and decisions

Course Syllabus

Reference Books & Course Materials

1. 01 The Economics of Money and Banking and Financial markets by Frederick S. Mishkin PEARSONS 10TH EDITION IABN-13-978-0132770248

Learning Outcomes

1. L01 To assess economic performance of global banking sector SOLO 4
2. L02 To derive possible outcomes through solid knowledge and understanding of the role of financial system in the economy SOLO 4
3. L03 To evaluate the evolution of money and the role of the money in economic transactions SOLO 5
4. L04 To articulate the contribution of banking to the economy SOLO 5
5. L05 To investigate economics of Financial Intermediation and the role of financial intermediaries. SOLO 4

Program Outcomes

1. P01 1. Gained the necessary skills to learn and adopt a spirit of continuous learning in their professional life.
2. P02 2. Developed various skills by working independently via specific learned techniques that both triggered individual efforts and encouraged collaborative work.
3. P03 3. Acquired the essential knowledge and skills to apply key theories, models and applications within the global business context.
4. P04 4. Adopted and applied critical and strategic thinking together with research capabilities for efficient and effective business decisions.
5. P05 5. Utilized and managed ethically information technologies required for contemporary business world.
6. P06 6. Been equipped with conceptual and analytical skills necessary for team work within global organizations.
7. P07 7. Displayed their learnt communication skills that are required to effectively interact in a cross cultural and diverse international work environment.
8. P08 8. Applied their acquired knowledge within the changing work environment.
9. P09 9. Developed an understanding of ethical perspectives and social responsibilities to be used at work and in personal life.

Po-Lo Matrix