Course Language:
English
Course Objectives:
The focus of the course is the theory and practice of monetary policy institutions. The interactions between contemporary monetary theory, banking, central banking and monetary policy will be analyzed.
Course Content:
Interest Rates and Expectations Hypothesis; Long-term Interest Rates and Inflation Expectations; Central Bank - Central Bank Balance Sheet; Monetary policy: Different monetary policy tools, the conduct and transmission mechanisms of monetary policy.
Teaching Methods:
1: Lecture, 2: Question-Answer, 3: Discussion, 4: Simulation, 5: Case Study
Assessment Methods:
A: Testing, B: Presentation, C: Homework, D: Project, E: Laboratory
Vertical Tabs
Course Learning Outcomes
| Learning Outcomes | Program Learning Outcomes | Teaching Methods | Assessment Methods | |
| Explain the key concepts used in the economic analysis of money and banking, | 1,5 | 1,2,3 | A,B | |
| Use monetary economic theory to analyze the role played by financial intermediaries in the economy, | 3,4,7 | 1,2,3 | A,B | |
| Demonstrate an understanding of central bank balance sheet and explain the principles and practice of central banking, | 2, | 1,2,3 | A,B | |
| Display an understanding of monetary policy | 5,7 | 1,2,3 | A,B |
Course Flow
| COURSE CONTENT | ||
| Week | Topics | Study Materials |
| 1 | Interest Rates and Expectations Hypothesis | Textbook |
| 2 | Money and credit | Textbook |
| 3 | Banking | Academic articles |
| 4 | Money Supply |
Textbook,
Online resources |
| 5 | Central Banking | Textbook, Academic articles |
| 6 | Monetary Policy Tools | Textbook |
| 7 | The Conduct of Monetary Policy |
Textbook,
Online resources |
| 8 | Transmission Mechanisms of Monetary Policy | Textbook, Academic articles |
| 9 | Paper presentations | Selected academic articles |
| 10 | Paper presentations | Selected academic articles |
| 11 | Paper presentations | Selected academic articles |
| 12 | Paper presentations | Selected academic articles |
| 13 | Paper presentations | Selected academic articles |
| 14 | General Discussion | |
| 15 | Final | |
Recommended Sources
| RECOMMENDED SOURCES | |
| Textbook |
|
| Additional Resources | Course web site, financial calculator, online resources, articles, lecture notes. |
Material Sharing
| MATERIAL SHARING | |
| Documents | Homework assignments, Guidelines for term project, Several articles |
| Assignments |
Homework assignments
|
| Exams | Midterm Exam and Final Exam |
Assessment
| ASSESSMENT | ||
| IN-TERM STUDIES | NUMBER | PERCENTAGE |
| Mid-terms | 1 | 60 |
| Assignments | 6 | 20 |
| Term project | 1 | 20 |
| Total | 100 | |
| CONTRIBUTION OF FINAL EXAMINATION TO OVERALL GRADE | 60 | |
| CONTRIBUTION OF IN-TERM STUDIES TO OVERALL GRADE | 40 | |
| Total | 100 | |
Course’s Contribution to Program
| COURSE'S CONTRIBUTION TO PROGRAM | |||||||
| No | Program Learning Outcomes | Contribution | |||||
| 1 | 2 | 3 | 4 | 5 | |||
| 1 |
By the use of genuine thinking and research, being able to develop and investigate the details of up to date and advanced knowledge and literature on the fields of finance and economics; to reach innovative and new definitions in specified fields
|
X | |||||
| 2 |
To have the skills of analysing and evaluating the information in multiple fields together; starting from these information, being competent in independently planning and carrying out scientific research studies
|
X | |||||
| 3 | To have the skill of passing the knowledge to people, with theoretical and practical basis. | X | |||||
| 4 |
To produce scientific papers with individual or group work in various subjects including finance, economics, statistics and computer science; to publish in national and international refereed journals; to present in national and international meetings.
|
X | |||||
| 5 |
To be informed about the recent information and developments on international basis.
|
X | |||||
| 6 | To be able to use and benefit from the software programs, data processing and information technologies required in the relevant fields. | X | |||||
ECTS
| ECTS ALLOCATED BASED ON STUDENT WORKLOAD BY THE COURSE DESCRIPTION | |||
| Activities | Quantity |
Duration (Hour) |
Total Workload (Hour) |
| Course Duration (Including the exam week: 15x Total course hours) | 15 | 3 | 45 |
| Hours for off-the-classroom study (Pre-study, practice) | 15 | 10 | 150 |
| Mid-terms | 1 | 15 | 15 |
| Homework | 6+1(Project) | (6+14) | 20 |
| Final examination | 1 | 20 | 20 |
| Total Work Load | 250 | ||
| Total Work Load / 25 (h) | 10 | ||
| ECTS Credit of the Course | 10 | ||