Money & Banking

AlMoatassem Mostafa

The Dos and Don’ts of Attending a Lecture

• Attend on time• Turn off your phone• Keep pace with the lecturer• Ask questions• Ask for help• Respect others

Dos

• No sleeping• No texting or surfing the web• No side conversations• No speaking without prior permission• No interruptionsDon’ts

Course title:Money and BankingLecture Time & Venue:Sundays: 1:00 pm-4:00 pm.Lecturer:AlMoatassem Mostafa, Ph.D.E-mail: al_moatassem@mans.edu.egOffice hours: Sundays 11:00 am-1:00 pm.

Course overview and objectives:The course aims to provide the student with an introduction to the role of money, financial institutions and monetary policy in the economy, thus providing a solid foundation for further study or employment in the financial services industry. There are three main components of the course. First, the role of money in the economy will be considered with a particular emphasis on the evolution of the payment system and the functions of money. The course will then cover the main aspects of banks and other financial institutions before turning to an investigation of the role of central banking and monetary policy.

Course Delivery:The course will be taught through a weekly lecture. The number of weekly hours allocated for the course is three hours. Lectures will take the form of seminar-type discussion. Specific readings for each will be specified prior to each lecture. The lecturer will be available for consultation during announced office hours or by e-mail. Course Material:This course is textbook-based. The primary text will be: Mostafa, AlMoatassem M., Essays on Money and Banking, 2016.Supplementary Material and Further Reading:Croushore, Dean. Money and Banking: A Policy-Oriented Approach. Cengage Learning, 2006.Class slides will be uploaded and available for students after the class.

Assessment:The course will be assessed by a mid-term examination (2.5 marks) and a final examination (7.5 marks). Grading:25% midterm examination.75% final examination.In-Class Contributions & Exercises:Your contribution in class is highly important. Points for in-class contributions is to increase your participation in class and rewards you for attendance. You might be required to conduct presentations in the class. Moreover, after your classmates’ presentations, we will have a few minutes for discussion and questions.

Introduction

Why study money and banking?

Money constitutes an integral part of our daily lives.

Money has various forms and the payment system has gone through continuous evolution.

Money performs various functions that result in deep and wide implications on the individuals and on the economy as a whole.

Banks have appeared as a result of the development of the payment system.

Commercial banks perform many functions that have both macro and microeconomic effects.

The central bank is placed at the top of the banking system.

The central bank performs a number of major functions in a country.

The central bank performs both macroeconomic and microeconomic functions.

Conducting monetary policy is among the most important functions of central banks.

The central bank utilizes a number of tools to conduct such policy, including interest rate and exchange rate, for instance.

Essay One: Money

Essay Two: Commercial Banks

Essay Three: Central Banks

Essay One: Money

1. Definition of Money

2. Evolution of the

Payment System

3. Functions of Money

Essay Two: Commercial

Banks

1. Definition of Commercial

Banks

2. Functions of Commercial

Banks

3. The Operation of Commercial

Banks

Essay Three: Central Banks

1. The Operation of Central Banks

2. Functions of Central

Banks

3. The Central Bank

of Egypt