Name: MONETARY ECONOMICS AND BANKING
Code: 510109007
Type: Elective
ECTS: 4.5
Length of subject: Per term
Semester and course: 3rd Year - Second term
Speciality:
Language: English
Mode of study: On-site class
Lecturer data: LÓPEZ PÉREZ, VÍCTOR
Knowledge area: Economía Aplicada
Department: Economía, Contabilidad y Finanzas
Telephone: 868071259
Email: victor.lopez@upct.es
Office hours and location: Contact with the lecturer
Qualifications/Degrees:
Academic rank in UPCT: Profesor Contratado Doctor
Number of five-year periods: 2
Number of six-year periods: 0
Curriculum Vitae: Full Profile
[CB3 ]. Students are required to have the ability to gather and interpret relevant data (usually within their area of study) to make judgments that include a reflection on relevant issues of a social, scientific or ethical nature.
[CG1 ]. To analyze and learn about the economic-financial environment relevant to companies and society, identifying the main sources of information.
The competency asigned to this subject is to analyse the main features, both structural and institutional, of the monetary system and the banking sector.
[CT4 ]. Using information resources responsibly
1. To identify the role of financial intermediares in general and the banking sector in particular on savings and investments.
2. To describe the functioning of a bank as a company: to analyze its balance-sheet, its profits and loss statement, the main ratios used to manage the bank, size and productivity indicators, methods to analyse banking risks and to compute the profitability of a bank.
3. To describe the monetary-policy strategies used by the main central banks and to know how monetary-policy decisions are implemented and communicated.
4. To write and discuss a paper on a topic related to the banking and financial sector.
Introduction to the financial system. Identification of the features of the financial system, differentiating between commercial and investment banking. Analysis of fixed income and stock markets. Analysis of the strategy and design of monetary policy by the main central banks.
I. The money market and monetary policy
1. Reviewing the money market and monetary policy.
II. Monetary policy and central banks.
2. Central banks and monetary policy.
III. Financial markets and private banks.
3. Introduction to financial markets and banking.
4. Commercial and investment banking.
5. Financial markets
IV. Economic analysis of the current monetary and banking situation
6. The current monetary and banking situation.
Practice 1
To write a paper on a topic about monetary policy and/or banking, chosen by the student from a list of topics proposed by the teacher.
Promoting the continuous improvement of working and study conditions of the entire university community is one the basic principles and goals of the Universidad Politécnica de Cartagena. Such commitment to prevention and the responsibilities arising from it concern all realms of the university: governing bodies, management team, teaching and research staff, administrative and service staff and students. The UPCT Service of Occupational Hazards (Servicio de Prevención de Riesgos Laborales de la UPCT) has published a "Risk Prevention Manual for new students" (Manual de acogida al estudiante en materia de prevención de riesgos), which may be downloaded from the e-learning platform ("Aula Virtual"), with instructions and recommendations on how to act properly, from the point of view of prevention (safety, ergonomics, etc.), when developing any type of activity at the University. You will also find recommendations on how to proceed in an emergency or if an incident occurs. Particularly when carrying out training practices in laboratories, workshops or field work, you must follow all your teacher's instructions, because he/she is the person responsible for your safety and health during practice performance. Feel free to ask any questions you may have and do not put your safety or that of your classmates at risk.
Theory class: Activities consisting of training sessions to develop theoretical knowledge based on concepts and theories
Thoretical classes on monetary and economic issues.
28.7
100
Problem solving class: Activities consisting of training sessions to develop practical or applied knowledge based on problem solving exercises, or practical cases
Classes to solve exercises and correct commentaries of texts or news.
14.3
100
Laboratory or field practice class: Activities aimed at developing practical or applied skills by the student supervised by a remote teacher
Not applicable to this course.
0
100
Practical class in the computer room: Activities for the acquisition of certain skills through the use of specific software
Not applicable to this course.
0
100
Seminars, tutorials led by teaching staff, conferences, visits, round tables, etc .: Activities to develop theoretical, practical or applied knowledge based on specific topics or views of the profession
Not applicable to this course.
0
100
Assessments (continuous assessment system): speaking or writing tests, presentations, individually or in groups, which should include the knowledge acquired in the classes. Formative and summative assessment activities are included here
Taking exams during the course.
2
100
Assessments (final assessment system): speaking or writing tests, individually or in groups, which should include the knowledge acquired in the classes. Summative evaluation is included
Final exam at the end of the course.
2
100
Tutorials: Individual or in groups, will serve to advise, resolve any doubts, guide, monitor work or the knowledge acquired
Assistance by the teacher to individual students or groups.
8.5
50
Carrying out individual or group assignments: Autonomous and / or collaborative learning to develop theoretical, practical or applied knowledge by carrying out projects, practice reports and / or assignments
Work on individual assignments about relevant contents on Monetary Economics and Banking.
22.7
0
Individual study: Time dedicated to studying the subject
Time dedicated to the study of the contents of the subject.
34.3
0
Self-evaluation and / or co-evaluation systems
Not applicable in this subject.
0 %
Presentation and defence of assignments
Not applicable in this subject.
0 %
Spoken or written exams
Two intermediate exams with essay-type questions taken during and at the end of the semester. Students must get at least 3.5 out of 10 points in each intermediate exam to make each of them count for the overall score of the subject. The intermediate exams are associated to learning results number 1, 2 and 3.
60 %
Participation and involvement in the teaching-learning process
Not applicable in this subject.
0 %
Evaluation of assignments and reports on practical sessions (final product, follow-up and contribution in the case of group work)
Each student or group of two students (it will be decided by the teacher at the beginning of the course), will select a topic related to banking, financial markets or monetary policy and will write an analytical paper on it. Alternatively, the assignment may consists on the analysis of relevant elements related to Monetary Economics and Banking, delivered by each student in several instances during the semester, so that the students that work on this type of assignment will be able to learn concepts and discuss their features. Students must get at least 3.5 out of 10 points in the paper to make it count for the overall score of the subject. The paper will be evaluated as follows: -10%: motivation and proactiveness of the student. -20%: organization and format of the paper. - 70%: contents of the paper. This activity is associated to learning result number 4.
40 %
Self-evaluation and / or co-evaluation systems
Not applicable in this subject.
0 %
Presentation and defence of assignments
Not applicable in this subject.
0 %
Spoken or written exams
The exam in the final evaluation system will have two parts: - First part: Essay-type questions related to the first intermediate exam. - Second part: Essay-type questions related to the second intermediate exam. Students must get at least 3.5 out of 10 points in each part to make its score count for the overall score of the subject. The exam is associated to learning results number 1, 2 and 3.
60 %
Participation and involvement in the teaching-learning process
Not applicable in this subject.
0 %
Evaluation of assignments and reports on practical sessions (final product, follow-up and contribution in the case of group work)
If the student has not delivered the paper described in the continuous evaluation system, or renounces the score of the paper, he or she may take another exam consisting on case studies about monetary economics and/or banking. Students must get at least 3.5 out of 10 points in this activity for its score to count for the overall score of the subject. This activity is related to learning result number 4.
40 %
- Students need at least 5 out of 10 points in the overall score to pass the subject. On top of that, students must get at least 3.5 out of 10 points in each intermediate exam and in the paper of the continuous evaluation system, or in their equivalent parts in the final evaluation system. - If a student takes a part of the final exam having obtained at least 3.5 points in the corresponding activity of the continuous evaluation system, he or she renounces the score obtained in the corresponding part of the continuous evaluation system. - If a student does not get at least 3.5 points in one or more parts of the continuous evaluation system, he or she must take the equivalent parts of the final evaluation system. - If a student got at least 3.5 points in each of the parts of the continuous evaluation system but his or her overall score is lower than 5, he or she has the option to take one or more parts of the final evaluation system to try to pass the course. - Besides, any student may try to improve his or her score from one or more parts of the continuous evaluation system, even if they are equal to or higher than 3.5 points, by taking the corresponding parts in the final evaluation system. The score obtained in each taken part of the final the evaluation system will replace the score obtained in the corresponding part in the continuous evaluation system. Notice: The score obtained in each taken part in the final evaluation system will replace the score obtained in the corresponding part in the continuous evaluation system.
Author: Martínez Álvarez, José Antonio
Title: Banca y mercados financieros
Editorial: Tirant lo Blanch
Publication Date: 2012
ISBN: 9788490048801
Author: González Garagorri, Íñigo
Title: Sistema financiero
Editorial: Centro de Estudios Financieros
Publication Date: 2017
ISBN: 9788445437261
Author: Parejo Gámir, José Alberto
Title: Manual del sistema financiero español
Editorial: Ariel
Publication Date: 2018
ISBN: 9788434427983
Author: Sebastían González, Altina
Title: Economía y gestión bancaria
Editorial: Pirámide
Publication Date: 2014
ISBN: 9788436829822
Author: Valdez, Stephen
Title: An introduction to global financial markets
Editorial: Palgrave
Publication Date: 2016
ISBN: 9781137497550
Author: Blanchard, Olivier
Title: Macroeconomics
Editorial: Pearson
Publication Date: 2020
ISBN: 0134897897
Power-point presentations prepared by the teachers available in the Virtual Classroom.
https://www.ecb.europa.eu/home/html/index.en.html
http://www.federalreserve.gov/
http://www.bde.es
http://www.qualisteam.com
http://www.netbank.com
http://www.ino.com
http://ceca.es
http://www.bankofengland.co.uk/
https://www.bancosantander.es/es/particulares
http://www.bbva.es
http://www.barclays.com
https://www.lcl.com
http://www.oecd.org