THAI NGUYEN UNIVERSITY

INTERNATIONAL SCHOOL

SYLLABUS

Course title: Central Bank and Monetary policies

Course code: CBM232

Credits: 3

Program: Accounting and Finance

Thai Nguyen, 2023

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SYLLABUS

COURSE TITLE: CENTRAL BANK AND MONETARY POLICIES

Course title: Central Bank and Monetary policies
Course code: CBM232
Department: Fac. of Economics and Management Credits: 3
Prerequisite(s): Not required
Knowledge Block
Practical, Internship and
General courses of Thai Core courses of Business & Core courses of Specialized courses of
Field – based courses Graduation courses of
Nguyen university Management International Business International Business
□ International Business
□ □ 🗹 □
□

Compulsory Elective □
□

Compulsory Compulsory Compulsory Elective Compulsory Compulsory

Elective □ Elective □ Elective □ Elective □
□ □ □ 🗹 □ □

1. INSTRUCTOR(s) INFORMATION:

No. Instructors’ name Email Phone number Department My site

Fac. of Economics and

1 Nguyen Tuan Dung
Management

2 Le Minh Tu

2. COURSE DESCRIPTION:
This course studies the purpose and the functions of central banks and monetary policies and how they have evolved over time. Students are introduced to the tools of
monetary policy and to the rules that central banks follow, with special attention to inflation targets. At the end of the course students know the effects of the main
policy tools and understand how central banks affect the financial system and the economy more generally and the role they have played in the recent financial crisis.
3. OBJECTIVES OF THE SUBJECT

Goals Description Expected Level

Learning
Outcomes
(ELOs)

G1 Knowledge 1. Understand the role and function of money as well as functions of central banks in the economy,
especially in the determination of inflation and output. ELO1 3
2. Understand the different monetary policy tools

G2 3. Understand the economic issues behind the conduct of monetary policy

ELO9 2
Skills 4. Understand the balance sheets and its importance to money supply process

G3 5. Apply the knowledge learned in practice to well perform the work and social responsibility of
Attitude businesses and individuals ELO11 3

4. CLO - COURSE LEARNING OUTCOMES

Goals CLOs Description Expected Level

Learning
Outcomes
(ELOs)

CLO1.1: Understand principles of money and banking

CLO1.2: Identify the different methods of payment

CLO1
G1 CLO1.3: Cover various instruments of monetary policy ELO1 3
(Demonstrate)
CLO1.4: Understand money supply and demand, the relationship between
money and the key macroeconomics variables
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CLO2.1: Understand the conduct of monetary policy, rational expectations, ELO9 2

time inconsistency

CLO2 CLO2.2: Understand the transmission mechanism of policy

G2
(prepare enact) CLO2.3: Explore monetary economics theory and understand the monetary
policy

CLO2.4: Understand Central Banking and the related balance sheets

CLO3 CLO3.1: Apply the knowledge learned in practice to well perform the work
G3 ELO11 3
(preform) and social responsibility of businesses and individuals

Matrix of Course’s Contribution Level to Expected Learning Outcomes

Course code Course Contribution level to ELOs

1 2 3 4 5 6 7 8 9 10 11 12

CBM232 Central Bank and Monetary

3 2 3
policies

The Progression of Developing Course Learning Outcomes

Content Course Learning Outcomes

Knowledge Skills Attitude

CLO1.1

CLO1.2

CLO1.3

CLO1.4

CLO2.1

CLO2.2

CLO2.3

CLO2.4

CLO3.1
Chapter 1: An Introduction to Money and the Financial b b
System

Chapter 2: Money and the Payments System c b

Chapter 3: Financial Instruments, Financial Markets, and b b b

Financial Institutions

Chapter 4: Central Banks in the World Today b c b

Chapter 5: The Structure of Central Banks: The Federal c c

Reserve and the European Central Bank

Chapter 6: The Central Bank Balance Sheet and the Money c c b

Supply Process

Chapter 7: Monetary Policy: Stabilizing the Domestic c c b

Economy

Chapter 8: Exchange-Rate Policy and the Central Bank c b

Notes:
blank is undetermined level
a is the lowest contribution level
b is the median contribution level
c is the highest contribution level
5. READING MATERIALS
5.1. Textbook(s)
[1] Cecchetti, S. and Schoenholtz. (2017). Money, Banking and Financial Markets. McGraw-Hill Education International Edition.
5.2. Optional reading(s)
* Book(s)
[2] Duong Thi Thao, Pham Thi Tuan Linh (2021) The factors impacting on savings decision of individual customers - a case study of asia commercial joint stock bank
(acb) at Thai Nguyen branch, TNU Journal of Science and Technology
6. COURSE CONTENT AND SCHEDULE
6.1. Course Content and Plan

No Content Teaching allocation

Hour(s) on the class Problem solving, Self-study with

Lecture Demonstration Show and Tell, teacher’s

Case study tutorials

1 Chapter 1: An Introduction to Money and the 4 1 5 6

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Financial System

2 Chapter 2: Money and the Payments System 4 1 5 6

3 Chapter 3: Financial Instruments, Financial

4 1 5 6
Markets, and Financial Institutions

4 Chapter 4: Central Banks in the World Today 4 2 5 7

5 Chapter 5: The Structure of Central Banks: The

4 2 5 6
Federal Reserve and the European Central Bank

6 Chapter 6: The Central Bank Balance Sheet and

4 2 5 6
the Money Supply Process

7 Chapter 7: Monetary Policy: Stabilizing the

4 2 5 6
Domestic Economy

8 Chapter 8: Exchange-Rate Policy and the Central

4 2 5 7
Bank

Total (hour) 32 13 40 50

6.2. Schedule of Lectures

Meeting 1-5: Chapter 1: An Introduction to Money and the Financial System

Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - To understand the Six Parts of the Financial System - Reading books before the class
- To know the Five Core Principles of Money and Banking
- Preparing questions for discussion
Demonstration 1

Problem solving 2

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

Meeting 6-9: Chapter 2: Money and the Payments System

Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - To understand Money and How We Use It - Reading books before the class

- Preparing questions for discussion

Demonstration 1 - To understand The Payments System

Problem solving 2

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

Meeting 10-15: Chapter 3: Financial Instruments, Financial Markets, and Financial Institutions
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Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - To understand Financial Instruments definition, functions and their - Reading books before the class
valuation
- Preparing questions for discussion
Demonstration 1 - To understand Financial Markets structure and performance
- To understand Financial Institutions and its roles in the Financial

Problem solving 2 Industry

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

Meeting 16-21: Chapter 4: Central Banks in the World Today

Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - To explore the origin of central banks and their roles in the modern- - Reading books before the class
day
- Preparing questions for discussion
Demonstration 1 - To understand the primary objectives of the Central Banks

Problem solving 2

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

Meeting 22-27: Chapter 5: The Structure of Central Banks

Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - To understand The Structure of the US Federal Reserve System - Reading books before the class
- Assessing the Federal Reserve System’s Performance
- Preparing questions for discussion
Demonstration 1 - To describe the European Central Bank and its performance during

crisis
Problem solving 2

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

Meeting 28-33: Chapter 6: The Central Bank Balance Sheet and the Money Supply Process
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Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - To analyze The Central Bank’s Balance Sheet - Reading books before the class
- To analyze the changes in the size and composition of the Central
- Preparing questions for discussion
Demonstration 1 Bank’s Balance Sheet
- To analyze the Monetary Base and the Money Supply

Problem solving 2

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

Meeting 34-39: Chapter 7: Monetary Policy: Stabilizing the Domestic Economy

Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - To analyze the US Federal Reserve’s Conventional Policy Toolbox - Reading books before the class
- To analyze Operational Policy at Central Bank
- Preparing questions for discussion
Demonstration 1 - Linking monetary policy with the central bank’s objectives:

understand the trade-off

Problem solving 2

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

Meeting 40-45: Chapter 8: Exchange-Rate Policy and the Central Bank

Teaching activities
Hour(s) Content Students' preparation

Lecture 4 - Linking Exchange-Rate with Monetary Policy - Reading books before the class
- To understand Mechanics of Exchange-Rate Management
- Preparing questions for discussion
Demonstration 1 - To understand The Costs, Benefits, and Risks of Fixed Exchange

Rates
Problem solving 2

Show & tell 1

Case study 2

Tutorial
Working time : Venue (location)

Assessment Good ideas, interesting questions and answers

7. COURSE POLICIES
The course policy is under the current training regulations
8. COURSE ASSESSMENT
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8.1. Matrix of Course Learning Outcome Evaluation

Assignment Quiz Mid-term

Final Exam
CLO Level Attendance (10%) (10%) (10%) Assignment
(50%)
(20%)

CLO1.1 3 X X X X X

CLO1.2 3 X X X X X

CLO1.3 3 X X X X X

CLO1.4 3 X X X X X

CLO2.1 2 X X X X X

CLO2.2 2 X X X X X

CLO2.3 2 X X X X X

CLO2.4 2 X X X X X

CLO3.1 3 X X X X X

8.2. The rubric of Course Evaluation

* Formative assessment
Rubric 1: Participation evaluation

Evaluation criteria Rate (%) Distinction Merit Pass Below Pass Bad
(8,5-10) ( 7,0-8,4) (5,5-6,9) (4,0-5,4) <4,0

In-class attendance 70 Attend all meetings Absence of 1-3 Absence of 3-6 meetings Absence of 6-9 Absence of more
meetings meetings than 9 meetings

Homework/assignment/In- 30 - Fully committed in- - Positively - Hardly committed in- - Have to have Only attend
class class activities committed in-class class activities lecturer’s actions classes but do not
discussion/presentation - Submit all the activities - Submit all the assigned to commit in- participate in-
assigned homework - Submit all the homework and class activities class activities
and assignments assigned homework assignments - Lack of and not submit
and assignments submitted homework and
assignments and assignments
homework

* Midterm Test
Rubric 2: Mid-term Test
(Presentation)

Criteria Rate (%) Distinction Merit Pass Below Pass Bad

(8,5-10) (7,0-8,4) (5,5-6,9) (4,0-5,4) <4,0

Correctly answer Correctly answer Correctly answer Correctly answer Correctly answer less
Present and
100 85%-100% of the 75%-85% of the 60%-75% of the 45%-60% of the than 45% of the
answer questions
questionnaires questionnaires questionnaires questionnaires questionnaires

* Final Test
Rubric 3: Final Test
(Written test)

Criteria Rate (%) Distinction Merit Pass Below Pass Bad

(8,5-10) (7,0-8,4) (5,5-6,9) (4,0-5,4) <4,0

Information and 70 - 85%-100% accurately - 75-85% accurately - 60-70% accurately - 50-60% accurately - Accurately answer
content answer all the answer all the answer all the answer all the less than 50% of the
requirement of the requirement of the requirement of the requirement of the questionnaire
assignment assignment assignment assignment - Little or no useful
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- Accurate and clear - Correct and useful - Correct and useful - Some incorrect information presented
language used information, clear information but information and
throughout, clear structure unclear structure irrelevant content
structure

- High standard - High standard - Grammar and - Grammar and - Unclear and flawed
grammar and language grammar and language lack language not grammar and language
Language 20
language cohesiveness cohesive

Use of literature/
Evidence of further
reading
- Develop own ideas - Critical appraisal of - Clear evidence of - Uncritical use of No evidence of wider
through investigation sources wider reading sources reading and refereed
- Demonstrate a critical - Good use of - Use relevant - Irrelevant sources sources
10 understanding of referral sources referred sources
sources
- Good use of referred
sources

DEAN LECTURER

Ha Xuan Linh

Appendix: Detailed Syllabus Updating Process (Annually)

First Update: <Updater signs and writes full name)

- Summary of the 1st updated content of the syllabus: January 8, 2021
- Syllabus …… is updated according to the new output standards and the new program which has been reviewed in 2020
for International Business, to be applied from K10;
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- The content of the module is adjusted according to the experience of teaching the module ……. for advanced
International Business program at ISTNU and essential knowledge updates for practice;