MONETARY AND FINANCIAL THEORY
- Course
- ECON509 - MONETARY AND FINANCIAL THEORY
- Department
- Economics - English - Master
- Course Type
- Course
- Status
- Required
- Language
- English
- Credit
- 3
- ECTS
- 8
- T+P+L
- 3 + 0 + 0
- Course Coordinator(s)
- Asst. Prof. Dr. Murad Abdurahman BEIN
- Prerequisite
- -
- Keywords
Course Description
This course introduces students to the fundamental concepts and issues in monetary theory and policy. The course covers the structure of central banks, monetary policy goals and tools, monetary policy transmission mechanisms, and the implications of policies in a macroeconomic setting. The primary goal of this course is to improve students' knowledge of monetary economics and to combine knowledge from various courses into the setting of how monetary policy regulation and operation can provide stability in the macroeconomic setting
MONETARY AND FINANCIAL THEORY
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
- L01 Develop an understanding of Central Banking and the use of monetary tools. SOLO 5
- L02 Demonstrate ability to understand the money supply and transmission mechanisms of monetary policy SOLO 4
- L03 Perform the tasks related to the central bank and commercial banks' balance sheets. SOLO 4
- L04 Implement how monetary policy is used by the central banks to stabilize the economy SOLO 4
- L05 Evaluate the relationship with the IS Curve, Aggregate demand, Inflation, and Interest Rates SOLO 5
Program Outcomes
- P01 PO1: Acknowledged that acquired knowledge and continuous learning will be their competitive advantage by learning new methods and skills which they can use both in their lives and workplace, especially in the field of marketing.
- P02 PO2: Acquired the necessary skills and knowledge which enforced the students to keep developing themselves by working independently.
- P03 PO3: Applied the marketing research process by using different techniques from different scientific points of view, and interpreted the findings by combining them with advanced theoretical knowledge in marketing field and develop creative strategies.
- P04 PO4: Applied critical thinking and evaluate and resolve issues and situations from the perspective of ethical behaviour, responsible management and sustainability.
- P05 PO5: Been able to use technological tools and share the information obtained during the program in a safe and secure way in their professional and private lives.
- P06 PO6: Gained the ability to study and work collaboratively with colleagues/co-workers in multicultural environments.
- P07 PO7: Been able to communicate effectively, both verbally and in writing, with people from different cultures inside and outside the company.
- P08 PO8: Practiced scenarios and case studies in order to apply various marketing theories knowledge and research with the aim to solve real-life problems faced by organizations.
- P09 PO9: Comprehended ,analyzed the environmental factors affecting organizations and been able to formulate a marketing plan that will meet the organization's objectives based on the theories and knowledge acquired.
- P10 PO10: Developed awareness about the environment by associating marketing theories with environmental approaches.
- P11 PO11: Gained social, scientific and ethical values in the stages of data collection, interpretation, dissemination and application in the field of marketing.
Po-Lo Matrix
| LO | P01 | P02 | P03 | P04 | P05 | P06 | P07 | P08 | P09 | P10 | P11 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| L01 | - | - | - | - | - | - | - | - | - | - | - | - |
| L02 | - | - | - | - | - | - | - | - | - | - | - | - |
| L03 | - | - | - | - | - | - | - | - | - | - | - | - |
| L04 | - | - | - | - | - | - | - | - | - | - | - | - |
| L05 | - | - | - | - | - | - | - | - | - | - | - | - |