Money and Banking

Course ID: 
ECO_482
Semester: 
8th
Year of Study: 
4th Year
Category: 
Economics Elective
For Erasmus Students: 
No

Learning Outcomes

This course is an introduction to the basic principles governing the operation of the money/banking sector and other financial institutions in an economy.

By the end of this course the student will be able to:

  • 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

By the end of this course the student will, furthermore, have developed the following competences:

  1. Ability to exhibit knowledge and understanding of the essential facts, concepts, theories and applications which are related to Monetary Policy.
  2. Ability to apply this knowledge and understanding to the solution of problems related to financial markets and how the Central Banks conduct monetary policy.
  3. Ability to prepare and execute multi-step syntheses of policy decisions
  4. Ability to interact with others in finance-related issues.

Course Contents

  • An Introduction to Money and the Financial System
  • Money and the Payments System
  • Financial Instruments, Financial Markets, and Financial Institutions
  • Future Value, Present Value, and Interest Rates
  • Bonds, Bond Prices, and the Determination of Interest Rates
  • The Risk and Term Structure of Interest Rates
  • The Economics of Financial Intermediation
  • Depository Institutions: Banks and Bank Management
  • Financial Industry Structure
  • Regulating the Financial System
  • Central Banks in the World Today
  • The Structure of Central Banks
  • The Central Bank Balance Sheet and the Money Supply Process
  • Monetary Policy: Stabilizing the Domestic Economy
  • Exchange-Rate Policy and the Central Bank
  • Money Growth, Money Demand, and Modern Monetary Policy
  • Output, Inflation, and Monetary Policy
  • Understanding Business Cycle Fluctuations and Monetary Policy
  • Modern Monetary Policy and the Challenges Facing Central Bankers

Teaching Activities

Lectures (3 hours per week) and Tutorials (1 hour per week)

Teaching Organization

Activity

Semester workload

Lectures, 3 hours per week

13X3 = 39 hours

Tutorials, 1 hour per week

13X1 = 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

Use of ICT

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

Course Info

Teaching Hours: 
4 hours per week
ECTS Credits: 
6.00
Teaching Credits: 
3.00
Weight: 
1.50
Type: 
Specialised general knowledge,
Skills development
Language: 
Greek
Teaching Method: 
Face-to-Face
General Competences: 
Search for, analysis and synthesis of data and information, with the use of the necessary technology,
Adapting to new situations,
Decision-making,
Team work,
Criticism and self-criticism,
Production of free, creative and inductive thinking
Indicative Prerequisites: 
Macroeconomics I
Macroeconomics II

Current Tutors

Instructor: 

Athanasios Tagkalakis

Assistant Professor
Athanasios Tagkalakis
Field of Expertise: 
Macroeconomics
E-mail: 

Reading List

Website: 
http://www.econ.upatras.gr/el/undergraduate/courses/hrima-kai-trapeziki
Reading Recommendations: 
Χρήμα, Τράπεζες και Χρηματοπιστωτικές Αγορές. Cecchetti S., Schoenholtz K. ISBN: 9789963258307. Κωδικός Βιβλίου στον Εύδοξο: 50659775. Εκδότης: BROKEN HILL PUBLISHERS LTD
Χρήμα, πίστη, τράπεζες. Μια ευρωπαϊκή προσέγγιση, Howells Peter, Bain Keith. ISBN: 978-960-218-755-5. Εκδότης: ΕΚΔΟΣΕΙΣ ΚΡΙΤΙΚΗ ΑΕ. Κωδικός Βιβλίου στον Εύδοξο: 7657869
Τραπεζική Οικονομική, Γ.Γ. Σαπουντζογλου Χ.Ν. Πεντότης, Εκδόσεις Μπένου Ε. Κωδ. Εύδοξος: 68402958
Νομισματική θεωρία και πολιτική, B.McCallum, Εκδόσεις Κριτική, 2002. Κωδικός στον Εύδοξο 11694
Τα Οικονομικά του Χρήματος, της Τραπεζικής και των Οικονομικών Αγορών, Mishkin S. Frederic (επιμέλεια: Σταϊκούρας Χρήστος), Κωδικός Βιβλίου στον Εύδοξο: 77120380
Νομισματική θεωρία και πολιτική, B.McCallum, Εκδόσεις Κριτική, 2002. Κωδικός στον Εύδοξο 11694
Αγορές Χρήματος και Κεφαλαίου, Τραπεζική Επιστήμη-Θεωρία και Πράξη, Στ.Θωμαδάκης και Μ.Ξανθάκης, Εκδόσεις Σταμούλης, β΄ έκδοση, 2011
Τράπεζες, Αγορές και Διαχείριση Κινδύνων, Γ.Συλλιγάρδος και Ν.Σχοινιωτάκης, ΔΙΣΙΓΜΑ Εκδόσεις, 2018.
Bibliography Recommendations: 
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
The Economics of Money, Banking & Financial Markets: European Edition, by Frederic S. Mishkin, Kent Matthews and Massimo Giuliodori. 2013 ISBN: 978-0-273-73180-1
Mishkin, F.S, & Eakins, S, 2012, “Financial Markets and Institutions”, 7/E. Pearson Prentice Hall
Economic Policy: Theory and Practice, Agnes Benassy-Quere, Benoit Coeure, Pierre Jacquet, and Jean Pisani-Ferry, Oxford University Press, 2018.

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