Money and Banking

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.