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Program Type: 
Thesis
Non Thesis
Course Code: 
FE 537
P: 
3
Lab: 
0
Credits: 
3
ECTS: 
10
Course Language: 
English
Course Objectives: 

The aim of the course is to give students the conceptual basis and the necessary analytical tools for understanding contemporary monetary theory, banking, central banking and monetary policy.

Course Content: 

The monetary theory: Definition and kinds of money, the functions of money, the demand for money, the money supply process, interest rates; The theory of banking: Banking industry, banking operations; Types of banks: Central banking, commercial banking, investment and development banking; 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 key concepts used in the economic analysis of money and banking, especially those relating to the management of financial intermediaries   1,5 1,2,3 A,C
Use economic theory to analyze the role played by financial intermediaries in the economy   3,4,7 1,2,3 A,C
Demonstrate an understanding of central bank balance sheet and explain the principles and practice of central banking         2, 1,2,3 A,C
Identify the principal areas of concern in the management of banks   3,8,10 1,2,3 D
Display an understanding of monetary policy   5,7 1,2,3 A,C

Course Flow

COURSE CONTENT
Week Topics Study Materials
1 Introduction-General Review    Textbook-Introduction
2 What is Money? Textbook
3 An Economic Analysis of Financial Structure Online resources
4 Principles of Banking Textbook,

Online resources

5 Regulation Textbook, Article
6 Money Supply Textbook
7 Central Banking Textbook,

Online resources

8 Monetary Policy Tools Textbook
9 The Conduct of Monetary Policy Textbook
10 Quantity Theory, Inflation, and the Demand for Money Textbook
11 Monetary Policy Theory Textbook,

Online resources, Lecture Notes

12 The Role of Expectations in Monetary Policy Textbook,

Online resources

13 Transmission Mechanisms of Monetary Policy Textbook,

Online resources, Lecture Notes

14 General Discussion Textbook
15 Final  

Recommended Sources

RECOMMENDED SOURCES
Textbook
  • Hubbard G., A. O'Brien (2017). Money, Banking, and the Financial System, 3e, Pearson.

 

  • Frederic S. Mishkin (2018). The Economics of Money, Banking and Financial Markets, 12e, Pearson.
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