SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
Website: www.ubaguio.edu
E-mail Address: ub@ubaguio.edu
MONETARY POLICY & CENTRAL BANKING
FINMGT2
COURSE SYLLABUS
1st Semester SY 2012 - 2013
UB VISION
In pursuit of perfection, the University of Baguio is committed to provide balanced quality education by nurturing academic excellence, relevant
social skills and ethical values in a fun-learning environment.
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY MISSION
The University of Baguio educates individuals to be empowered professionals in a global community.
The School of Business Administration and Accountancy edifies competitive and morally upright individuals.
OBJECTIVES
The School of Business Administration and Accountancy, in an exuberant learning climate, aims to nurture a business graduate who:
1.
2.
3.
4.
5.
6.
cultivates the knowledge, that are imperative for career success in a globalized setting;
demonstrates relevant skills;
utilizes macro-environmental acumen for economic growth and development;
typifies professional integrity with humility;
undertakes researches to promote systematic bases for business decisions; and
models exemplary performance in business.
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
Website: www.ubaguio.edu
E-mail Address: ub@ubaguio.edu
OBJECTIVES
UNIVERSITY GOALS
The School of Business Administration and Accountancy, in an exuberant learning climate, aims to nurture a
business graduate who:
P1. cultivates the knowledge, that are imperative for career success in a globalized setting;
1
2
3
4
5
/
/
/
/
/
P2. demonstrates relevant skills;
P3. utilizes macro-environmental acumen for economic growth and development;
P4. typifies professional integrity with humility;
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
P5. undertakes researches to promote systematic bases for business decisions; and
P6. models exemplary performance in business.
/
/
/
/
/
/
/
/
/
/
Program Outcome and Relationship to School/Program Objectives
Program Outcome
O1. Students graduate to become professional imbued with high moral/ethical standards
O2. Graduates are highly competitive with the acquired knowledge, skills and values in the practice of their
profession.
O3. Graduates are confident with their academic and industry preparations and the entry competencies learned to
tackle the rigors of the business world.
O4. Students carry out researches that can be utilized in the community and in the business profession.
O5. Students recognize their responsibility and accountability as professionals and as workers in the community
O6. Students become aware of and strive for their physical, mental and spiritual well-being.
O7. Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit.
O8. Students become aware of their responsibility to the environment and participate actively in environment
programs.
SCHOOL PROGRAM/OBJECTIVES
1
2
/
/
/
/
/
3
4
5
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
Website: www.ubaguio.edu
E-mail Address: ub@ubaguio.edu
Course Objectives and Relationship to Program Outcome
Course Objectives
Cognitive Domain
C1. Differentiate the different kinds of monetary standards.
C2. Identify the functions, kinds and features of money.
C3. Discuss the importance of the Philippine monetary policy to its economy.
C4. Identify the importance of central banking to the financial system
C5. Discuss how the Central Bank regulate and supervise financial institutions.
C6. Explain the contributions of the central bank in socio-economic development.
Affective Domain
C7. Manifest sustained interest in course topics and discussions.
C8. Show enthusiasm in researching, reporting and sharing ideas in class.
C9. Exhibit cooperation in group dynamics, research and reports
C10. Exude improved confidence in interactions with people communication skills.
Psychomotor Domain
C11. Prepare short research papers regarding the different kinds of monetary standards & policies.
C12. Post validate recommendations as solutions to cases and current issues in the Philippine monetary system.
C13. Make a comparison as to the similarities and differences of the different central banks in the world.
C14. Accomplish a comprehensive written report about the tour/visit at Bangko Sentral ng Pilipinas.
SCHOOL PROGRAM/OBJECTIVES
1
2
3
4
5
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
/
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
I. Course Number:
II. Title:
III. Units:
IV. Pre-requisite:
V. Course Description:
Website: www.ubaguio.edu
E-mail Address: ub@ubaguio.edu
FINMGT2
Monetary Policy & Central Banking
Three (3) units
AFINAN1
This course is designed with two parts, the monetary system and central banking. It is designed to develop an understanding on how the economy and the
financial system are being affected by the different monetary policies. Under this, an overview on the importance of money, money creation, barter, payments,
monetary standards, Philippine peso, demand and supply of money are discussed. Central banking covers its development, importance, functions, operations and
also central banking outside the Philippines. Important parts of the New Central Bank act are also mentioned in the course.
Methodology/ Activities:
1. Lecture – discussion
2. Quizzes
3. Assignments
4. Periodical Examinations
5. Group Dynamics
6. Case Analyses
VI. Requirements
1. Regular and punctual attendance
2. Quizzes, assignments, periodical examinations
3. Reports
4. Reaction papers
5. Self-assessment exercise
6. Notebook
7. Research
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
VII.
Website: www.ubaguio.edu
E-mail Address: ub@ubaguio.edu
Course Coverage
Learning Contents/Topics
Course Syllabus
VMO
Seat Plan
Leveling of Expectations
FIRST GRADING
Part 1 – Money in the Nation’s Economy
1. Money and its Evolution
1.1.
Origin of Money
1.2.
Functions of Money
1.3.
Features of Good Money
1.4.
Kinds of Money
1.5.
Managed Currency
1.6.
Different types of Money used in
the Philippines
2. Monetary Standard
2.1.
Definition of Monetary Standard
2.2.
Classification of Monetary
Standards
2.2.1. Commodity standards
2.2.2. Non-commodity standards
3. Monetary System
3.1.
Pre-Spanish Period
3.2.
Spanish Period
3.3.
Japanese Period
3.4.
American Period
3.5.
Phil. Managed Currency System
3.6.
Inflationary period of martial law
3.7.
Current Issues
No.
of
Hours
1
P1
7
/
School Objectives
Activity & Learning
Approach
Program Outcome
P2
P3
P4
P5
P6
O1
O2
O3
O4
O5
O6
O7
O8
/
/
/
/
/
/
/
/
/
/
/
/
/
4
/
/
/
/
/
/
/
/
/
/
/
/
/
/
4
/
/
/
/
/
/
/
/
/
/
/
/
/
/
Evaluation
Orientation
Internalize the VMO
Arrange students
Requirements and
Grading system
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Recitation
Quiz
Group Output
Assignment
Recitation
Quiz
Group Output
Assignment
Recitation
Quiz
Group Output
Assignment
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
MIDTERM GRADING PERIOD
4. Philippine Monetary Policy
4.1.
Monetary Policy & its Objectives
4.2.
Advantages
4.3.
Limitations
4.4.
Monetary & Banking Policy
4.5.
Fiscal Policy
4.6.
Fiscal Functions
4.7.
Coordinating Fiscal & Monetary
policy
Part 11 – Banking Institutions
5. Central Banking: Development &
Growth
5.1.
Nature of Central Banking
5.2.
Central banking defined
5.3.
Origin of Central Bank
5.4.
Operations of New Central banks
5.5.
The Bangko Central and the
economy
5.6.
The Bangko Central ng Pilipinas
5.7.
Brief history of BSP
5.8.
Objective & Responsibilities of
BSP
6. Central Banking Authority
6.1.
The Monetary Board
6.2.
Board Membership Evaluation
6.3.
Powers of the Monetary Board
6.4.
Powers & Duties of the Governor
6.5.
Domestic Monetary Policy
6.6.
International Monetary Stability
6.7.
Present Officers of the BSP
Website: www.ubaguio.edu
E-mail Address: ub@ubaguio.edu
6
/
/
/
/
/
/
/
/
/
/
/
/
/
/
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Recitation
Quiz
Group Output
Assignment
6
/
/
/
/
/
/
/
/
/
/
/
/
/
/
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Recitation
Quiz
Group Output
Assignment
5
/
/
/
/
/
/
/
/
/
/
/
/
/
/
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Recitation
Quiz
Group Output
Assignment
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
FINAL GRADING PERIOD
7. Functions & Operations of the Bangko
Sentral
7.1.
Characteristics of Central Banks
7.2.
Functions of Central Banks
7.3.
Monetary tools
7.4.
Activities of the Central Banks
7.5.
The Banko Sentral and Industrial
Development
7.6.
The CBP Coordinates with
International Institutions
7.7.
Credit Operations
7.8.
The Security Plant Complex of
BSP
7.9.
Gold & Silver Plant Reserve
Management
8. Regulations & Supervisions of Financial
Institutions
8.1.
Bangko Sentral Non-bank
Financial Servises the Banking
Institutions
8.2.
Bangko Sentral Regulates Nonbank Financial Institutions
8.3.
Supervision & Regulation
Distinguished
8.4.
Types of Examinations
8.5.
Purpose of Supervision and
Regulations
8.6.
Effectiveness of Supervision and
Regulation
8.7.
Benefits of Bank Supervision
9. The Role of IMF in Central Banking
9.1.
Organizational Structure
9.2.
IMF Objective
9.3.
Quotas of IMF Members
Website: www.ubaguio.edu
E-mail Address: ub@ubaguio.edu
3
/
/
/
/
/
/
/
/
/
/
/
/
/
/
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Recitation
Quiz
Group Output
Assignment
5
/
/
/
/
/
/
/
/
/
/
/
/
/
/
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Recitation
Quiz
Group Output
Assignment
5
/
/
/
/
/
/
/
/
/
/
/
/
/
/
Lecture
Class Discussion
Reading
Power point
Recitation
Quiz
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
9.4.
Normal Facilities of IMF
9.5.
IMF Special Facilities
9.6.
IMF Conditionality
10. Central Banking for Socio-Economic
development
10.1. The Right to Development
10.2. Two different Worlds
10.3. The Promotion of Human Dignity
10.4. Deprivation of the rural poor
10.5. The miseries of the urban poor
10.6. The Social Responsibility of
Central Bank
5
/
/
/
Website: www.ubaguio.edu
/
/
/
/
/
E-mail Address: ub@ubaguio.edu
/
/
/
/
/
/
presentation
Assignment
Group Output
Assignment
Lecture
Class Discussion
Reading
Power point
presentation
Assignment
Recitation
Quiz
Group Output
Assignment
Grading System:
For Professional Subjects: the cut-off score is 70%. The highest possible grade is ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest
failing grade is sixty-five (65).
First grading Class standing = 70 % ; Exam = 30 %
Midterms
Class standing = 60 % ; Exam = 40 %
( Tentative Midterm Grade x 2 + First Grading ) / 3 = Midterm Grade
Finals
Class standing = 60 % ; Exam = 40 %
( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade
Textbook and References:
References:
Books
Burton & Lombra. (2004) The Financial System & the Economy: Principles of Money & Banking . 3rd Ed. USA: Thomson Southwest.
Cecchetti, S. (2006) Money, Banking & Financial Markets. NY: McGraw-Hill Irwin.
Miller, R. et.al. (2007) Money, Banking, Financial Markets. 3rd Ed. USA: Thomson SouthWestern.
Miranda, Gregorio S. (2004) Money, Credit & Banking.. Manila: L&G Enterprises.
Valdez, . et.al. (2003) An Introduction to Global Financial Markets. 4th Ed. New York: Palgrave MacMillan
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600
Telefax No.: (074) 442-3071
www.bsp.gov.ph
www.imf.org
Prepared by:
Olga Grace B. Dumo, MBA
Faculty, School of Business Administration and Accountancy
May 31, 2012
Noted by:
Syllabus Evaluation Committee:
Ruby R.Buccat, MBA
Program Chair – Business Administration (OM / HRDM / MM, FM)
Kareen B. Leon, CPA, MSBA
Dean, School of Business Administration and Accountancy
Website: www.ubaguio.edu
Internet
E-mail Address: ub@ubaguio.edu