Course Code & Number
ECON 351
Course Title
Monetary Theory, Policy and Banking
Credit Hours/ ECTS Credits
(3+0+0) 3 TEDU Credits, 6 ECTS Credits
Mode of Delivery:
Face-to-face
Language of Instruction:
English
Pre-requisite / Co-requisite:
Pre-requisites: ECON 221
Co-requisites: NONE
Catalog Description
Basic models of money and monetary economics. An overview of the financial markets. Theories regarding interest rate determination. Analysis of the demand and supply of money. Monetary transmission mechanisms and monetary approach to balance of payments
Course Objectives
The main objective of this course is to introduce students the basic model of money and monetary economics. Students would understand the theories of monetary transmission and exchange rate determination.
Software Usage
Students will use MS Office applications (Word, Excel, Access) to work on their weekly assignments about 2 hours a week.
Course Learning Outcomes
Upon succesful completion of this course, a student will be able to
1. Discuss interest rates, its terms structure and the risk.
2. Explain the role of money in the economy and money supply process.
3. Compare and contrast the monetary theories generated throughout the 20th century (mainly Keynesian, Monetarist and their modern incarnations).
4. Discuss the impact of monetary policy decisions in a given country have on international trade and on the policy decisions of foreign economies.
5. Explain monetary policy transmission mechanism in an economy.
Learning Activities and Teaching Methods:
Telling/Explaining
Discussion/Debate
Questioning
Reading
Peer Teaching
Demonstrating
Problem Solving
Case Study/Scenarion Analysis
Simulation & Games
Video Presentations
Oral Presentations/Reports
Guest Speakers
Web Searching
Assessment Methods and Criteria:
Test / Exam
Quiz
Case Studies / Homework
Presentation (Oral/Poster)
Assessment Methods and Criteria Others:
Recommended Reading
1. Gali. J. Monetary Policy, Inflation and the Business Cycles. 10th edition. Princeton University Press, New Jersey, 2008.
Required Reading
1. Mishkin. F., Economics of Money, Banking, and Financial Markets. 10th edition, Pearson, New York, 2011.
Learning Activities and Teaching Methods Others:
Course & Program Learning Outcome Matching:
