BF_002
|
Banking
Program
|
Course
Title: Monetary
Theory and Policy
Course
Code:
Type
of Course:
Level
of Course:
Number
of US credits 3
Number
of ECTS credits 4.5
Duration 8 weeks
Name
of Lecturer/Professor:
Contact
Information:
Name
of UBIS Supervisor:
Contact
Information:
E-mail:
Language
of Instruction: English
Course Summary
This course focuses on the basic functions served by the financial
system while deemphasizing its current structure and rules. Learning the
economic rationale behind current financial tools, rules, and structures is
much more valuable than concentrating on the tools, rules, and structures
themselves. Students will gain the ability to understand and evaluate whatever
financial innovations and developments they confront.
Expected
Outcome / Learning
At
the end of this course, students will know how investment portfolios are
created and evaluated. More specifically they will be able to:
-
Understand the main principles financial and money system development
and operation.
-
Implement financial instruments for business good.
-
Operate on financial markets.
-
Coordinate with
financial institutions
Prerequisites
non
Required
Textbook
Stephen G.
Cecchetti, Kermit L. Schoenholtz, Money, Banking and Financial Markets. 3rd
Edition, 2011, McGraw Hill, ISBN-13
9780073375908
Suggested
Readings
Supplementary
readings will be provided in the reading assignments for each module.
Assessment
Methods and Grading Policy
Student's performance will be assessed by the work
they do in the course – including participation in the discussions that are a
part of each lesson. Online course
grading is based less on a final examination or final essay, and more on
completing the assignments throughout the course.
These
assignments may include some or all of the following:
(1) Short response - questions to be answered
in very short written responses (max. two paragraphs).
(2)
Essay - a short 2 to 3-page essay, a draft for a larger essay, and/or a short
critical review of specific readings. Most important is that you clearly
indicate the source of your information with reference footnotes or endnotes.
(One page should contain between 250 and 300 words in total, including
footnotes).
(3)
Critical review - a short critical review in your own words of the specific
reading as assigned in the module. This
review must not be longer than 2 pages and can be as short as 200 words (count
one page as having page between 250 and 300 words).
(NOTE,
we count expect to see between 250 and 300 words per page. Please use a convenient type/font for easy
reading, such as "Arial", "Trebuchet" or "Times New
Roman", size 12).
Students'
grades will be assessed as follows:
Mid-term Examination 20%
Questions and Problems 50% in total
Final Examination 30%
It is
important to note that graduate students must maintain a 3.0 GPA to retain
their matriculated status. A “C” grade,
therefore, is passing, but below the score needed to stay matriculated.
Grading Policy
Grade
|
Percentage
|
Quality
|
Points
per Credit
|
A
|
93-100
|
Outstanding
|
4.0
|
A–
|
90-92
|
3.7
|
|
B+
|
87-89
|
3.3
|
|
B
|
83-86
|
Satisfactory
|
3.0
|
B–
|
80-82
|
2.7
|
|
C+
|
77-79
|
2.3
|
|
C
|
73-76
|
Poor
|
2.0
|
F
|
0-72
|
Failure
|
0.0
|
Students
must maintain the readings, discussion participation, quizzes and assignments
to obtain a passing grade in the course.
To obtain a superior grade, students must demonstrate a high degree of
quality in their work.
PLEASE NOTE THAT
PLAGIARISM (copying other writers' text without due citation or recognition)
WILL NOT BE TOLERATED. Plagiarism is
equal to cheating in exams as it means "stealing" solutions to
problems, ideas or written text from other people and pretending they are your
own. Students caught committing these
forms of cheating will be subject to course failure and will be reported to the
Dean of the University. Two instances of
cheating or plagiarism will be cause for academic suspension.
For information on what
plagiarism is and how to avoid it, please read the pages 41 and 41 in the book:
TURABIAN, Kate L., A Manual for Writers of Research Papers, Theses, and Dissertations,
Chicago Style for Students and Researchers, 7th Edition, The University of Chicago
Press, 2007.
COURSE
SCHEDULE
Module
1
|
|
Description
|
Money and the Financial System:
-
An Introduction to Money and the Financial System
-
Money and the Payments System
-
Financial Instruments,
Financial Markets, and Financial Institutions
|
Read
|
|
Prepare
|
|
Module
2
|
|
Description
|
Interest Rates, Financial Instruments, and
Financial Markets
-
Future Value, Present Value, and Interest
Rates
-
Understanding Risk
-
Bonds, Bond Prices, and the Determination
of Interest Rates
|
Read
|
|
Prepare
|
|
Module
3
|
|
Description
|
Interest Rates, Financial Instruments, and
Financial Markets
-
The Risk and Term Structure of Interest
Rates
-
Stocks, Stock Markets, and Market
Efficiency
-
Derivatives:
Futures, Options, and Swaps
-
Foreign Exchange
|
Read
|
|
Prepare
|
|
Module
4
|
|
Description
|
Financial Institutions
-
The Economics of Financial Intermediation
-
Depository Institutions: Banks and Bank
Management
-
Financial Industry Structure
-
Regulating the Financial System
|
Read
|
|
Prepare
|
|
Module
5
|
|
Description
|
Central Banks, Monetary Policy, and Financial
Stability
-
Central Banks in the World Today
-
The Structure of Central Banks: The Federal
Reserve and the European Central Bank
|
Read
|
|
Prepare
|
|
Module
6
|
|
Description
|
Central Banks, Monetary Policy, and Financial
Stability
-
The Central Bank Balance Sheet and the
Money Supply Process
-
Monetary Policy: Stabilizing the Domestic
Economy
-
Exchange Rate Policy and the Central Bank
|
Read
|
|
Prepare
|
|
Module
7
|
|
Description
|
Modern Monetary Economics
-
Money Growth, Money Demand, and Monetary
Policy
-
Output, Inflation, and Monetary Policy
|
Read
|
|
Prepare
|
|
Module
8
|
|
Description
|
Modern Monetary Economics
-
Understanding Business Cycle Fluctuations
-
Modern Monetary Policy and the Challenges
Facing Central Bankers
|
Read
|
|
Prepare
|
|
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