Money and Banking
Course ID:
Semester: 7th
Year of Study:
Category: Economics Elective
For Erasmus Students: Όχι
Learning Outcomes
By the end of this course the student will be able to:
- understand the basic functions of money and the financial system, the determining factors of the demand and supply of money, the determinant of long term interest rates and simple bond price valuation models
- understand the behavior of commercial banks and their role in shaping monetary quantities
- understand the role of the Central Bank and the means/ways of exercising conventional and unconventional monetary policy to stabilize the economy
- think critically and creatively in regards to monetary policy and the role of central banks so as to be able to bring monetary policy into practice through the ability of identifying assumptions, detecting false logic or reasoning and understanding the limitations of generalizations derived from monetary policy theories
- solve complex problems in a monetary policy context and use appropriate financial techniques in order to make decisions from various options
- understand, develop and use relevant monetary policy models
- look at academic research on monetary policy and finance in a critical way either individually or as part of a team
- communicate complex monetary and financial information orally and in writing through the effective use of computer information technology.
Course Contents
- Introduction to money, banking and financial markets
- The concept, behaviour, structure and the term premium of interest rates
- Foreign exchange market
- Financial system
- Banking and management of financial institutions
- Financial regulation
- Banking sector and financial crises
- Central Banks
- Money supply
- Monetary policy tools and the conduct of monetary policy
- International financial system and monetary policy
- Monetarist theory: quantity theory, demand for money, monetary policy curves, monetary policy theory, the role of expectations, monetary policy transmission mechanisms
- Modern Monetary Policy and challenges
Teaching Activities
Lectures (3 hours per week) and Tutorials (1 hour per week)
Teaching Organization
|
Activity |
Semester workload |
| Lectures, 3 hours per week |
(3X13) 39 hours |
| Tutorials, 1 hour per week |
(1X13) 13 hours |
| Work at home |
98 hours |
| Total number of hours for the Course (25 hours of work-load per ECTS credit) |
150 hours (total student work-load) |
Assessment
Final written exam
Mid-term exam (optional) and project-presentation (optional)
Use of ICT
Use of IT in teaching and in communication with students (e-class)
Teaching Hours: 4
ECTS Credits: 6
Teaching Credits: 3
Weight: 1.5
Type:
Language: Ελληνική
Teaching Method: Πρόσωπο με πρόσωπο
General Competences: Αναζήτηση, ανάλυση και σύνθεση δεδομένων και πληροφοριών, με τη χρήση και των απαραίτητων τεχνολογιών, Προσαρμογή σε νέες καταστάσεις, Λήψη αποφάσεων, Ομαδική εργασία, Άσκηση κριτικής και αυτοκριτικής, Προαγωγή της ελεύθερης, δημιουργικής και επαγωγικής σκέψης
Γνωστικό Αντικείμενο: Macroeconomics
Οργανική Μονάδα / Εργαστήριο:
E-mail: atagkala@upatras.gr
Τηλέφωνο: +30 2610 997701
Ώρες γραφείου: Tue 11:00 - 12:00 Wed 14:00 - 16:00
eclass URL: e-class
- F.Mishkin The Economics of Money, Banking & Financial Markets, 13th edition, Pearson (2021) ISBN 1292409487
- Carlin, W and D Soskice (2014) Macroeconomics: Institutions, Instability, And The Financial System, OUP
- K Matthews and J Thompson (2014) The Economics of Banking, Wiley
- McLeay et at. (2014) Money Creation in the Modern Economy. Quarterly Bulletin Q1, BoE
- Mishkin, F.S, & Eakins, S, 2012, “Financial Markets and Institutions”, 7/E. Pearson Prentice Hall
- Cecchetti, S.G, & Schoenholtz, K.L, “Money, Banking, and Financial Markets”, 3/e. 2011, McGraw-Hill Higher Education
