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Economics of Banking and Finance Markets

By Prof. Sukumar Vellakkal   |   IIT Kanpur
Learners enrolled: 3469
ABOUT THE COURSE:
The course aims at providing adequate exposure to the basic concepts and policy issues related to the working of the financial markets nationally and globally. The course will cover basic economic theories related to banking and finance markets, and then will apply those to understand the working of both national and global monetary and other related economic variables. The course will follow a macroeconomic perspective and will discuss recent finance market developments and controversies. The course aim to develop the learning skills of the students in a way that they can apply their knowledge not only at the academic level but also at the managerial and leadership level in the field of financial sector.

INTENDED AUDIENCE: Senior UG and PG Students

INDUSTRY SUPPORT: Academia, Public Policy institutions, Economic Environment Research, Consultancy and Financial firms
Summary
Course Status : Ongoing
Course Type : Elective
Duration : 12 weeks
Start Date : 25 Jul 2022
End Date : 14 Oct 2022
Exam Date : 30 Oct 2022 IST
Enrollment Ends : 08 Aug 2022
Category :
  • Humanities and Social Sciences
Credit Points : 3
Level : Undergraduate/Postgraduate

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Course layout

Week 1: An overview of the financial system; debt (bond) markets
Week 2: Debt (bond) markets; interest rate determination 
Week 3: Equity markets; basics of banking 
Week 4: Banking sector
Week 5: Asymmetric information and the rationale for regulations of finance markets
Week 6: Asymmetric information; Conflicts of interest and rationale for regulations 
Week 7: Rationale for regulations; financial crisis
Week 8: Financial crisis; central banking
Week 9: Central banking 
Week 10: Central banking and monetary policy tools 
Week 11: Effectiveness of policy 
Week 12: Monetary policy tactics and strategies 

Books and references

A: Text Books
1: Mishkin, Frederic S., The Economics of Money, Banking and Financial Markets (AddisonWesley) Ninth Edition, 2010
2: Baye, Michael R., & D.W. Jansen, Money, Banking & Financial Markets, An Economics Approach (A.I.T.B.S.), Indian Edition, 1999.
3: Froyen, Richard T. Macroeconomics: Theory and Policies.2009
B: Other Materials
1: Websites of Regulatory and Promotional institutions: RBI (www.rbi.org); IMF data (www.imf.org/en/Data); FRED (http://research.stlouisfed.org/fred2); RBI: Handbook of Statistics On Indian Economy
2: Economic Dailies: Economic times, Business standard, Financial express, Hindu business line, The Wall Street Journal (www.wsj.com), Financial Times (www.ft.com), Bloomberg (www.bloomberg.com), and The Economist (www.economist.com)

Instructor bio

Prof. Sukumar Vellakkal

IIT Kanpur
Prof. Sukumar Vellakkal is working as Associate Professor at Department of Economic Sciences, IIT Kanpur. Dr Vellakkal holds a PhD in economics from ISEC Bangalore. His teaching interest and expertise include macroeconomics, banking, financial economics, health economics and impact evaluation methodologies. Prior to joining IIT Kanpur, as faculty member he worked with various academic and research institutions, namely, ICRIER (New Delhi), PHFI (New Delhi), Azim Premji University Bangalore, and BITS Pilani.

Course certificate

The course is free to enroll and learn from. But if you want a certificate, you have to register and write the proctored exam conducted by us in person at any of the designated exam centres.
The exam is optional for a fee of Rs 1000/- (Rupees one thousand only).
Date and Time of Exams: 30 October 2022 Morning session 9am to 12 noon; Afternoon Session 2pm to 5pm.
Registration url: Announcements will be made when the registration form is open for registrations.
The online registration form has to be filled and the certification exam fee needs to be paid. More details will be made available when the exam registration form is published. If there are any changes, it will be mentioned then.
Please check the form for more details on the cities where the exams will be held, the conditions you agree to when you fill the form etc.

CRITERIA TO GET A CERTIFICATE

Average assignment score = 25% of average of best 8 assignments out of the total 12 assignments given in the course.
Exam score = 75% of the proctored certification exam score out of 100

Final score = Average assignment score + Exam score

YOU WILL BE ELIGIBLE FOR A CERTIFICATE ONLY IF AVERAGE ASSIGNMENT SCORE >=10/25 AND EXAM SCORE >= 30/75. If one of the 2 criteria is not met, you will not get the certificate even if the Final score >= 40/100.

Certificate will have your name, photograph and the score in the final exam with the breakup.It will have the logos of NPTEL and IIT Kanpur .It will be e-verifiable at nptel.ac.in/noc.

Only the e-certificate will be made available. Hard copies will not be dispatched.

Once again, thanks for your interest in our online courses and certification. Happy learning.

- NPTEL team


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