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課程名稱 |
貨幣銀行學一
MONEY & BANKING (Ⅰ) |
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開課學期 |
98-1 |
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授課對象 |
經濟學系 |
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授課教師 |
陳南光 |
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課號 |
ECON3003 |
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課程識別碼 |
303 36010 |
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班次 |
02 |
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學分 |
2 |
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全/半年 |
半年 |
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必/選修 |
必修 |
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上課時間 |
星期五5,6(12:20~14:10) |
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上課地點 |
社科11 |
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備註 |
總人數上限：80人 |
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Ceiba 課程網頁 |
http://ceiba.ntu.edu.tw/981mb |
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課程簡介影片 |
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核心能力關聯 |
核心能力與課程規劃關聯圖 |
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課程大綱
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課程概述 |
Course Outline
In this course, I will mostly follow the topics introduced in the textbook, but I will also distribute handouts taken from various sources as supplemental reading.
First semester
Introduction and Overview of the Financial System/ The Origin of Money, Evolution of the Payments System, and E-Money/ Interest Rates, Bond and Equity Pricing, and Asset Portfolio Choice/ The Risk and Term Structure of Interest Rates/ The Stock Markets, The Theory of Rational Expectations, and the Efficient Market Hypothesis/ Asymmetric Information and the Role of Financial Intermediaries/ Banking and the Management of Financial Institutions/ The Banking Industry: Structure and Competition/ Recent Trends in Commercial Banking and Financial Markets
Second Semester
Economic Analysis of Banking Regulation/ Structure of Central Banks/ Money Supply and Tools of Monetary Policies/ Monetary Policies Goals, Strategy, and Tactics/ Transmission Mechanisms of Monetary Policy/ The Demand for Money/ The Property Market and the Macro-economy/ Should the Fed React to the Stock Market/ Oil price shock
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課程目標 |
In this course we are primarily interested in the role of financial intermediaries that arise between ultimate borrowers and lenders. Banks, the intermediaries that take deposits and make loans, are of particular importance not only because of their long time dominance in the entire financial system but also of their nature of intrinsic instability.
In this semester, we will first study origination of money, the financial markets, interest rates, and the Efficient Market Hypothesis. Then we analyze the role of financial intermediaries in the framework of asymmetric information and the impact of financial crises to the aggregate economy.
In the second semester, we start with the analysis of banking regulation.
Due to the potentially enormous impact of bank runs, panics, and financial crises on the economy, the financial industry is heavily regulated. We will discuss the influence of regulations on the development of financial markets. In turn, we will learn how the financial regulations had evolved in face of fast-growing financial innovations. Finally, we will discuss how the central bank controls the supply of money and uses available tools to achieve the desired goals, the monetary transmission mechanisms, and how the public reacts to changes of monetary policies. We will also study the role of real estate markets and the stock markets in the transmission of monetary policies and whether the central bank should react to the fluctuations of these asset prices.
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課程要求 |
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預期每週課後學習時數 |
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Office Hours |
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指定閱讀 |
Textbook
Mishkin, Frederic S., The Economics of Money, Banking and Financial Markets, Harper Collins Publishers Inc. 8th edition. |
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參考書目 |
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評量方式
(僅供參考) |
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