Objectives and competences
Students:
1. In the course, they acquire further foundations to develop their ability to understand and undertake elementary research in monetary theory and monetary system internationalisation.
2. In the course, they acquire foundations to develop their ability to understand money supply and demand and how interest rates are defined.
3. Are acquainted with the transmission mechanism of the central bank.
4. Are acquainted with theoretical financial system framework and how it operates.
Content (Syllabus outline)
1. The definition of monetary systems
2. Money supply and the creation of money
3. Money demand
4. The interest rates theory
5. EMU and ECB
6. Financial markets and institutions
Learning and teaching methods
– Lectures
– AV presentations
– Active coursework
Intended learning outcomes - knowledge and understanding
Development of knowledge and understanding:
Students:
1. Understand key monetary systems and theory definitions (monetary supply and demand).
2. Can comprehend factors influencing the formation of interest rates.
3. Understand the transmission mechanism of monetary policy.
4. Understand the financial market, instruments and the mode of its operation.
Intended learning outcomes - transferable/key skills and other attributes
Cognitive/Intellectual skills:
Students:
1. Get the ability to search for and synthesise new information in the field of monetary and financial in literature and praxis.
2. Synthesise different knowledge and procedures from previous levels of studies and link it to the problems and contents of this course.
3.
Key/Transferable skills
Students:
1. Should be able to devise and design elementary research projects in this field.
2. Develop the capability to read, assimilate and appreciate the papers dealing with monetary and financial issues.
3. Can implement this knowledge in the praxis
4. Are bale of independent advance study of this issues.
Practical skills:
1. Students can transfer theory to praxis in the sense of interpreting all current events in monetary and financial analysis.
2. In praxis, acquired knowledge can be used in the problem solving problem-solving process.
3. Students can act autonomously with defined guidelines and certain level of supervision.
Readings
1. Scheller, H.K. 2006. Evropska centralna banka: Zgodovina, vloga in naloge. Druga pregledna izdaja, Frankfurt: Evropska centralna banka (izbrana poglavja).
2. Baye, Micahel R. in Jansen, Dennis W.. 1995. Money, banking, and financial markets : an economics approach / Michael R. Baye, Dennis W. Jansen (izbrana poglavja)
3. Glogovšek, Jože. 1996. Denar, denarni sistemi z osnovami denarne teorije. Maribor, EPF (izbrana poglavja)
4. Markovič Hribernik, Tanja. 2009. Osnove financ – zapiski predavanj. Maribor, EPF (poglavji 5 in 8)
5. aktualni članki in drugi viri.
Additional information on implementation and assessment Written examination 100%
Note:
Written exam can be replaced with »knowledge check during current semester«:
- two tests and
- seminar paper
Students pass the exam when they cumulatively reach 56 % of all test points, that is 45 points, and all together, 56%, that is a minimum of 56 points (max. 100 = 40 + 40 + 20). Collected points form active course work and from tests are only valid in the current semester when applying “knowledge checks during current semester” mode.
