INTERNATIONAL BURCH UNIVERSITY
Faculty of Economics and Social Sciences
Department of Banking and Finance
2017-2018

SYLLABUS
Code Name Level Year Semester
BAF 212 Money and Banking Undergraduate 2 Spring
Status Number of ECTS Credits Class Hours Per Week Total Hours Per Semester Language
Non-area Elective 5 2 + 1 118 English

Instructor Assistant Coordinator
Malcolm Duerod, Senior Teaching Assistant Malcolm.Duerod Malcolm Duerod, Senior Teaching Assistant
[email protected] [email protected] no email

This course focuses on monetary theory and policy. Topics include: definition of money, financial markets and institutions, central banking and the conduct of monetary policy, foreign exchange market and international financial system, demand for money and the relationship between money and inflation.

COURSE OBJECTIVE
This course aims to provide students with the basic and practical understanding of money, banking and financial institutions and markets; monetary policy and the resulting impacts on the economy.

COURSE CONTENT
Week
Topic
  1. Introduction to Money and Financial markets
  2. Money and the Payment System
  3. Interest Rates and Rates of Return
  4. Determining Interest Rates
  5. The Risk Structure and Term Structure
  6. The Stock Market, Information, and Market Efficiency
  7. Derivatives and Derivative Markets
  8. Midterm exam
  9. Transaction Costs, Asymmetric Information
  10. The Structure and Economics of Banking
  11. Investment Banks, Mutual Funds, Hedge Funds
  12. Financial Crises and Financial Regulation
  13. Federal Reserve and Central Banking
  14. Federal Reserve and Monetary Policy
  15. The International Financial System and Monetary Policy

LABORATORY/PRACTICE PLAN
Week
Topic
  1. Syllabus Explaination
  2. Quiz #1
  3. Midterm
  4. Quiz #2

TEACHING/ASSESSMENT
Description
  • Interactive Lectures
  • Practical Sessions
  • Excersises
  • Presentation
  • Discussions and group work
  • Field trips
  • Case Studies
  • Guest instructor
  • Use of educational films
Description (%)
Method Quantity Percentage (%)
Quiz25
Homework510
Problem solving510
Midterm Exam(s)120
Presentation110
Attendance110
Final Exam130
Total: 95
Learning outcomes
  • Define the role and function of money
  • Identify the role of central banks in the financial system
  • Describe how financial markets and institutions are functioning
  • Explain the role of expectations in Monetary Policy
  • Analyse the relationship between money and inflation
TEXTBOOK(S)
  • Money, Banking and the Financial System, R.Glenn Hubbard, Anthony Patrick O’Brien, Pearson Education Inc. 2012.

ECTS (Allocated based on student) WORKLOAD
Activities Quantity Duration (Hour) Total Work Load
Lecture (14 weeks x Lecture hours per week)15230
Laboratory / Practice (14 weeks x Laboratory/Practice hours per week)14114
Midterm Examination (1 week)122
Final Examination(1 week)122
Preparation for Midterm Examination11515
Preparation for Final Examination12525
Assignment / Homework/ Project10220
Seminar / Presentation11010
Total Workload: 118
ECTS Credit (Total workload/25): 5