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.

1. Introduction to Money, Banking, and Financial Markets
2. The Concept, Behavior, Structure, and Term Structure of Interest Rates
3. Financial System
4. Banking and Financial Institution Management
5. Financial Regulation
6. The Banking Sector and Financial Crises
7. Central Banks and the Money Supply Process
8. Monetary Policy Instruments and Implementation
9. International Finance: The Foreign Exchange Market and the International Financial System
10. Quantity Theory, Inflation, and Money Demand
11. Monetary Policy Curves
12. Theory of Monetary Policy and the Effects of Monetary Policy on the Economy
13. The Role of Expectations and Monetary Policy Transmission Mechanisms

Lectures (3 hours per week)

The language of assessment is Greek, and the assessment method consists of a final individual examination through a process of Multiple-Choice Questions, Short-Answer Questions, and Problem Solving.

Optional (individual or group) assignment-presentation (adds up to +2 points)

Optional midterm/progress test (adds up to +1 point)

The course syllabus, sample analytical questions, laboratory exercise assignments, course assessment criteria, as well as other teaching/learning material are posted on the e-class platform and are accessible to all students.

Use of IT in teaching and in communication with students (e-class)