ECO401

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Administrative Information

Course Name: Money & Banking
Course Code: ECO401
Credit Hours: 3 Credit hours
Course Prerequisites: ECO101

1. Course Description:

This Course on Money & Banking will cover the functions of Money and the entire
banking system functioning nationally as well as internationally. The interest rates
phenomenon will be discussed .Together with the commercial banking the central
banking governing the Monetary Policy will also be covered. Finally, the Financial
securities and security markets will also be covered in depth. In the end the overall
Effects of both Monetary Policy together with Fiscal and other economic policies will be
covered.
2. Course Objectives:

The Objectives of this course is to enable the students to comprehend the entire
Monetary system through financial securities both in the Money Markets as well as
capital Markets. Further the international currency market mechanisms will be
understood
the Supply/Demand factors will be known.

3. Learning Outcomes:
Learning outcomes are structured in terms of knowledge, skills and abilities that students
should attain from the course.

LO1. Begin each learning outcome with an observational verb that clearly indicates what
the students will achieve. Examples of observational verbs are: calculate, compose,
perform, write, compile, explain, describe, articulate, organize, compare, contrast, analyze,
solve, assemble, interpret, translate, design, develop]

LO2. Behavioral verbs like appreciate, grasp, understand, and demonstrate are not
encouraged here unless you can mention (for example) what behavior signals that the
student has grasped? Objectives, even stated behaviorally, should describe course
outcomes, not course activities.
LO3. Once the learning outcomes have been identified and verbalized they should be
correlated to the assessment tools.
LO4. Make a list of learning outcomes that describe in specific, measurable (i.e.,
observable) terms the condition of a student that will result from involvement in this learning
experience

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4. Textbook: Mishken, Fredric S. Eight Edition.
The Economics of Money, Banking and Financial Markets

5. Reference Book(s):
Money, The Financial System & Economy, Hubbard.
Practice and Law of Banking In Pakistan, Dr. Ahmed Israr
State bank of Pakistan annual Dev. Report-2009-2010.
Pakistan Economic Survey, 2009-2010
Articles Session: Articles session will be held every 3
rd
Week and the students will be
required to select any latest article from a foreign magazine or on the instructions of the
instructor select fro local newspaper or magazine.

Topics/Chapters:
This should provide an absolute picture of the point no: 12 (where only the main
topics/chapters are to be written). Each main topic has to be further broken down into every
related subheading that is to be taught in class during the tenure of the semester.

6. Teaching and Learning Methodology:
The instructor should list down all the methodologies possibly used during the semester.
This may include specific use of laboratories, presentations, case study analysis, practical
demonstrations, guest speaker sessions etc.

7. Materials and Supplies:
If applicable. This may include any tool, prop or equipment that is essentially used during
class sessions in order to achieve course objectives and may range from canvas to
calculators.

8. Grading Policy/Student Assessment:
Assessment Instruments Percentage LO Covered
Test/Quiz 10 % LO 1,4
Assignment 15 % LO 2
Midterm Exam 20 % LO 1,2,4
Class Participation 05 % Awarded by Exam Dept.
Final Exam 50 % LO 1,2,3,4,

9. Attendance Policy:
Prompt arrival and regular attendance are extremely important. Refer to student handbook
for policies on late entry, maximum absences allowed, leave application etc.

10. Expected Class Conduct:
The instructor should include expected class behaviors from students regarding
eating/mobile phones, class disturbance, late arrivals etc. Instructors are also adviced to

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outline when, where and how homework/assignments are expected to be submitted in order
to streamline class activities. If the course calls for a highly interactive and discussion based
class room environment you may allocate a few marks for class participation.

11. Weekly Course Outline:

Sessio
n
Session Topic Assessments* Percentage**
1 Why Study Money banking and Fin. Markets.
2 What is Money, Interest Rates
3 Risk and term Structure of Interest rates.
4
Financial Securities Types, Money Markets
and Capital Markets
Test
5 Stock market a detailed analysis
Instructor
Evaluation

6
Banking, management and Financial
Institutions

7 Banking Industry Structure and competition.
8 Financial derivatives Mid-Term
9 Central banking and Monetary Policy
10 Inflation- Multiple deposit Creation.
11 Determinants of Money Supply
12 Foreign Exchange Markets-IMF,IFC,IBRD
13 Monetary Theory
14

International Financial System

15
Keynesian Model, Combination of Monetary
and Fiscal Policies and other economic
Policies.

16 Final Exam Final Exam

* Additional assignments, tests and quiz can be conducted.
** Appropriate allocation of marks can be introduced here depending on the number of
assessments.

12. Students with Physical or Educational Challenges:
Students with educational and/or physical challenges are entitled to extra attention and time
from the instructor. Therefore students are advised to notify the course instructor at the

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beginning of the course. Special arrangement may also be made on prior request based on
specific challenges.

13. Academic Integrity
This course seeks to empower students for independent learning, resourcefulness, clear
thinking, and perception. All submitted work and activities should be genuine reflections of
individual achievement from which the student should derive personal satisfaction and a
sense of accomplishment. Plagiarism and cheating subvert these goals and will be treated
according to the policy stated in the Student Handbook. The instructor reserves the right to
utilize electronic means to help prevent plagiarism.

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