ECON 351

Course Code & Number

ECON 351

Course Title

Monetary Theory, Policy and Banking

Level

BS

Credit Hours/ ECTS Credits

(3+0+0) 3 TEDU Credits, 6 ECTS Credits

Year of Study:

Junior

Semester:

Fall

Type of Course:

Elective

Mode of Delivery:

Face-to-face

Language of Instruction:

English

Pre-requisite / Co-requisite::

Catalog Description

Basic models of money and monetary economics. An overview of the financial markets. Theories regarding interest rate determination. Analysis of the demand and supply of money. Monetary transmission mechanisms and monetary approach to balance of payments

Course Objectives

The main objective of this course is to introduce students the basic model of money and monetary economics. Students would understand the theories of monetary transmission and exchange rate determination.

Course Learning Outcomes

Upon succesful completion of this course, a student will be able to
1. Discuss interest rates, its terms structure and the risk. 
2. Explain the role of money in the economy and money supply process. 
3. Compare and contrast the monetary theories generated throughout the 20th century (mainly Keynesian, Monetarist and their modern incarnations). 
4. Discuss the impact of monetary policy decisions in a given country have on international trade and on the policy decisions of foreign economies. 
5. Explain monetary policy transmission mechanism in an economy. 

Recommended Reading

1. Gali. J. Monetary Policy, Inflation and the Business Cycles. 10th edition. Princeton University Press, New Jersey, 2008.