G8270200 Money and Banking

Hiroshima University Syllabus

Japanese

Academic Year 2026Year School/Graduate School School of Economics Economics Evening Course

Lecture Code G8270200 Subject Classification Specialized Education

Subject Name 金融論

Subject Name
（Katakana）キンユウロン

Subject Name in
English Money and Banking

Instructor See the class timetable.

Instructor
(Katakana) ジュギョウジカンワリヲサンショウ

Campus Higashi-Senda Semester/Term 2nd-Year, Second Semester, Second Semester

Days, Periods, and Classrooms (2nd) Mon13-14：Higashi-Senda Lecture Rm M201/202

Lesson Style Lecture Lesson Style
(More Details) Face-to-face

Lecture

Credits 2.0 Class Hours/Week 2 Language of Instruction J : Japanese

Course Level 2 : Undergraduate Low-Intermediate

Course Area（Area） 24 : Social Sciences

Course Area（Discipline） 03 : Economics

Eligible Students

Keywords Intertemporal value, Interest rates, Risk and return, Monetary policy, Adverse selection and moral hazard

Special Subject for Teacher Education 　 Special Subject 　

Class Status
within Educational
Program
(Applicable only to targeted subjects for undergraduate students)
Criterion referenced
Evaluation
(Applicable only to targeted subjects for undergraduate students) Economics and Management
（Knowledge and Understanding）
・Basic knowledge of economic analysis

Class Objectives
/Class Outline This course gives an introduction to money and banking, mainly for second-year undergraduate students.

First, we look at how money's value changes over time and how it is handled when people are faced with choice in uncertainty. Then we show how interest rates and bond prices are determined, and how central bank monetary policy affects the real economy.
In the second half, we look at how asymmetric information affects financial markets, and explore the role and stability of the financial system.

Class Schedule lesson1: Overview of Money and Banking: Financial Systems and the Real Economy
lesson2: Intertemporal value: Present Value and Future Value
lesson3: Interest Rates: Real and Nominal Rates, and the Fisher Effect
lesson4: Risk (1): Expected Value and Standard Deviation
lesson5: Risk (2): Diversification and Portfolio Theory
lesson6: Bond Markets: Bond Price and Interest Rate Determination
lesson7: The Structure of Interest Rates and Macroeconomic Equilibrium
lesson8: Monetary Policy (1): Traditional and Modern Approaches
lesson9: Monetary Policy (2): The Taylor Rule and Time Inconsistency
lesson10: Transmission Mechanisms of Monetary Policy
lesson11: Asymmetric Information (1): Adverse Selection
lesson12: Asymmetric Information (2): Moral Hazard
lesson13: The Role of Financial Intermediaries
lesson14: Financial System Instability: Credit Crises and Bank Runs
lesson15: Summary

Final exam and Quizzes

Text/Reference
Books,etc. Textbook
None
References
・Money, Banking and Financial Markets (6th edition) / Stephen G. Cecchetti, Kermit L. Schoenholtz, McGraw Hill, 2020. ISBN: 978-1260226782
・The Economics of Money, Banking and Financial Markets (13th edition) / Frederic S. Mishkin, Pearson, 2021. ISBN: 978-1292409481

PC or AV used in
Class,etc. Handouts, Microsoft Forms, Zoom, moodle

(More Details)

Learning techniques to be incorporated Quizzes/ Quiz format

Suggestions on
Preparation and
Review Make sure you understand the material by going over your lecture notes and handouts using your own words.
Practice problems on your own before checking the answers.

Requirements None

Grading Method ・Final exam: 70%
・Quizzes: 30%

Practical Experience

Summary of Practical Experience and Class Contents based on it

Message I want to create an environment where you always feel comfortable asking questions and getting advice.

Other

Please fill in the class improvement questionnaire which is carried out on all classes.
Instructors will reflect on your feedback and utilize the information for improving their teaching.

Academic Year	2026Year	School/Graduate School	School of Economics Economics Evening Course
Lecture Code	G8270200	Subject Classification	Specialized Education
Subject Name	金融論
Subject Name （Katakana）	キンユウロン
Subject Name in English	Money and Banking
Instructor	See the class timetable.
Instructor (Katakana)	ジュギョウジカンワリヲサンショウ
Campus	Higashi-Senda	Semester/Term	2nd-Year, Second Semester, Second Semester
Days, Periods, and Classrooms	(2nd) Mon13-14：Higashi-Senda Lecture Rm M201/202
Lesson Style	Lecture	Lesson Style (More Details)	Face-to-face
Lecture
Credits	2.0	Class Hours/Week	2	Language of Instruction	J : Japanese
Course Level	2 : Undergraduate Low-Intermediate
Course Area（Area）	24 : Social Sciences
Course Area（Discipline）	03 : Economics
Eligible Students
Keywords	Intertemporal value, Interest rates, Risk and return, Monetary policy, Adverse selection and moral hazard
Special Subject for Teacher Education		Special Subject
Class Status within Educational Program (Applicable only to targeted subjects for undergraduate students)
Criterion referenced Evaluation (Applicable only to targeted subjects for undergraduate students)	Economics and Management （Knowledge and Understanding）・Basic knowledge of economic analysis
Class Objectives /Class Outline	This course gives an introduction to money and banking, mainly for second-year undergraduate students. First, we look at how money's value changes over time and how it is handled when people are faced with choice in uncertainty. Then we show how interest rates and bond prices are determined, and how central bank monetary policy affects the real economy. In the second half, we look at how asymmetric information affects financial markets, and explore the role and stability of the financial system.
Class Schedule	lesson1: Overview of Money and Banking: Financial Systems and the Real Economy lesson2: Intertemporal value: Present Value and Future Value lesson3: Interest Rates: Real and Nominal Rates, and the Fisher Effect lesson4: Risk (1): Expected Value and Standard Deviation lesson5: Risk (2): Diversification and Portfolio Theory lesson6: Bond Markets: Bond Price and Interest Rate Determination lesson7: The Structure of Interest Rates and Macroeconomic Equilibrium lesson8: Monetary Policy (1): Traditional and Modern Approaches lesson9: Monetary Policy (2): The Taylor Rule and Time Inconsistency lesson10: Transmission Mechanisms of Monetary Policy lesson11: Asymmetric Information (1): Adverse Selection lesson12: Asymmetric Information (2): Moral Hazard lesson13: The Role of Financial Intermediaries lesson14: Financial System Instability: Credit Crises and Bank Runs lesson15: Summary Final exam and Quizzes
Text/Reference Books,etc.	Textbook None References ・Money, Banking and Financial Markets (6th edition) / Stephen G. Cecchetti, Kermit L. Schoenholtz, McGraw Hill, 2020. ISBN: 978-1260226782 ・The Economics of Money, Banking and Financial Markets (13th edition) / Frederic S. Mishkin, Pearson, 2021. ISBN: 978-1292409481
PC or AV used in Class,etc.	Handouts, Microsoft Forms, Zoom, moodle
(More Details)
Learning techniques to be incorporated	Quizzes/ Quiz format
Suggestions on Preparation and Review	Make sure you understand the material by going over your lecture notes and handouts using your own words. Practice problems on your own before checking the answers.
Requirements	None
Grading Method	・Final exam: 70% ・Quizzes: 30%
Practical Experience
Summary of Practical Experience and Class Contents based on it
Message	I want to create an environment where you always feel comfortable asking questions and getting advice.
Other
Please fill in the class improvement questionnaire which is carried out on all classes. Instructors will reflect on your feedback and utilize the information for improving their teaching.

Back to syllabus main page