d163561 Money and Banking

CEVRO University
spring 2024
Extent and Intensity
24/24/0. 9 credit(s). Type of Completion: zk (examination).
Teacher(s)
Ing. Marek Vokoun, Ph.D. (lecturer)
Mgr. Jan Neugebauer, Ph.D., MBA (lecturer)
Guaranteed by
Ing. Marek Vokoun, Ph.D.
Centre for Psycho-Social and Managerial Activities – Vice-President for International Relations and Continuing Education – President – CEVRO University
Timetable
Mon 12:30–13:50 Učebna 218/B, Mon 14:00–15:20 Učebna 218/B
  • Timetable of Seminar Groups:
d163561/cviceni: No timetable has been entered into IS.
Prerequisites
It is recommended to know basic accounting principles, principles of economics.
Course Enrolment Limitations
The course is offered to students of any study field.
Course objectives
The objective of this course is to equip students with a comprehensive understanding of the monetary and financial system, focusing on key concepts such as the role and functions of money, the structure and significance of the banking system, the process of money creation, and the implementation of monetary policy. Through a combination of theoretical exploration and practical analysis, students will gain insight into the design and implementation of monetary policy, its objectives, and its effects on the economy. By the end of the course, students will be able to critically evaluate monetary policy decisions, assess their impact on macroeconomic variables, and understand the mechanisms through which monetary policy influences economic outcomes. Additionally, students will develop awareness of the institutional framework surrounding monetary policy and the challenges and opportunities inherent in modern monetary systems.
Learning outcomes
Upon completion of the course, the students will be able to get understanding in these areas:
Money and Monetary Policy: Students will be able to explain the concept of money and its functions in an economy. Analyze the role of central banks in formulating and implementing monetary policy. Evaluate the impact of monetary policy on inflation, interest rates, and economic stability.
Banking Operations: Students will be able to understand the core operations of commercial banks, including deposit creation and lending activities. Analyze the role of banks in the money supply process.
Financial Markets: Students will be able to identify and describe different types of financial markets, including money and capital markets. Analyze the functions of financial markets in facilitating the flow of funds in the economy.
Risk Management: Students will be able to evaluate financial institutions' various risks, such as credit, market, and operational risks. Describe strategies and tools financial institutions use to manage and mitigate risks.
Ethical Considerations: Students will be able to identify ethical issues and dilemmas in the financial industry. Analyze the importance of ethical behavior in financial decision-making.
Syllabus
  • 1. Introduction to Money and the Financial System: Understanding Basic Concepts. The Role and Functions of Money: Medium of Exchange, Store of Value, Unit of Account
  • 2. Overview of the Banking System: Structure, Role, and Importance in the Economy. The Creation of Money: Fractional Reserve Banking and Money Multiplier
  • 3. Monetary Theory: Quantity Theory of Money, Fisher and Cambridge Equation
  • 4. Central Banking: Functions, Tools, and Policy Implementation
  • 5. Monetary Policy: Objectives, Tools, and Impacts on the Economy
  • 6. Understanding Interest Rates and Their Role in the Economy
  • 7. The Structure and Functions of the Financial Markets
  • 8. Financial Instruments: Stocks, Bonds, Derivatives, and their Role in the Economy
  • 9. Introduction to Financial Institutions: Banks, Credit Unions, and Insurance Companies
  • 10. Financial Regulations: Rationale, Tools, and Effects
  • 11. Understanding Financial Crises: Causes, Consequences, and Response
  • 12. International Financial System: Foreign Exchange Market, Balance of Payments, and International Monetary System
Literature
    recommended literature
  • MISHKIN, Frederic. The Economics of Money, Banking and Financial Markets, Global Edition. 13th edition. London: Pearson, 2021. ISBN 978-1-292-40948-1.
  • CHOUDHRY, Moorad, 2022. The principles of banking. 2. Nashville, TN : John Wiley & Sons. ISBN 9781119755647.
Teaching methods
lectures, seminars, case studies, homework
Assessment methods (in Czech)
There are three evaluation parts: mid-term test (25 %), final exam (50 %), and essay with presentation (25 %).
Language of instruction
English
Further Comments
Study Materials
The course is also listed under the following terms summer 2020, spring 2021, spring 2022, spring 2023.
  • Enrolment Statistics (recent)
  • Permalink: https://is.vsci.cz/course/cevro/spring2024/d163561