Course ID 17SSA12
Programme
  • Banking and Stock Trading
ESPB 6
Number of classes 3+2
Semester 2
Status Optional
Main course objective is the acquisition of knowledge specific to monetary finance. Course objective is that upon completion of the learning process, students know how to define the role and importance of the central bank in the process of monetary policy implementation, define monetary aggregates and money supply flows, analyze the effects of using monetary policy instruments and relate them to the movement of macroeconomic indicators, analyze the international aspect of monetary finance. Course objective is that after finishing the learning process students acquire functional knowledge in the field of monetary finance, as well as the ability to apply acquired knowledge in solving everyday business tasks related to this field.
Upon completing the learning process within course Monetary Finance, students will be able to:
• define the role of the central bank in the process of monetary policy implementation;
• define terms of money and money supply;
• describe monetary policy instruments and mechanisms for their application;
• illustrate the example of the operation of various monetary and credit policy mechanisms,
• link the monetary policy with the exchange rate policy and interest rate movements.
Theoretical training
• Money and money supply;
• Monetary equilibrium;
• Money supply flows;
• Quantitative theory of money and the cash flow velocity;
• Position and functions of the National Bank of Serbia;
• European Central Bank and Federal Reserves;
• Exchange rate and central bank position;
• Interest rate;
• Monetary policy and macroeconomic indicators.
Practical training
• Problem tasks;
• Sminar papers;
• Discussions.
Ostojić, S. (2008). Osnovi monetarne ekonomije. Beograd: Data status.

Mishkin, S. F. (2006). Monetarna ekonomija, bankarstvo i finansijska tržišta. Beograd: Data status.

Bibow, J. (2011). Keynes on monetary policy, finance and uncertainty : liquidity preference theory and the global financial crisis. London: Routledge.
Case studies analysis, discussions, preparing and presenting seminar papers and examples from professional practice.
Assessment (maximum number of points 100)
Exam Requirements 55 points Final exam 45 points
Attendance 5 Written exam 45
Ongoing assessment 30 Oral exam  
Class participation 10  
Practice: 10    
Array

Practice classes