Monetary and Financial Economics

Core Courses

Semester Five

1. Teaching Unit: Fundamental

• Banking economics
• 2-Monetary Theories and Policies
• Financial Management

Semester Six

1. Teaching Unit: Fundamental

• Banking Techniques and Operations
• Financial Markets
• Islamic Banking
• Algerian Financial and Banking System

Advanced Topics

Semester Five

1. Teaching Unit: Fundamental

• Banking Economics

Acquiring knowledge about commercial banks, their functions and their relationships with the central bank. Knowing the different types of banks and the evaluation of their performance.

·      Concepts généraux sur les banques et les activités bancaires

·       Les fonctions de la banque commerciale ;

·       Le bilan de la banque commerciale et sa relation avec la banque centrale ;

·       Évaluation de la performance des banques commerciales ;

·       Les tendances modernes dans l’activité bancaire et les types de banques

• Monetary Theories and Policies

Introduce the student to the basic assumptions of each monetary theory and the factors that influence the demand for money for each school of theoretical thought.

Definition of the mechanisms and equilibrium conditions of the money market. The explanation of monetary and economic phenomena in each theory, monetary policy and real intervention tools.

·     Introduction to Monetary Policy Concepts;

·       Critical analysis in the classical and neoclassical perspective;

·       Critical analysis and monetary policy in the Keynesian perspective;

·       Critical analysis and monetary policy in the monetarist perspective;

·       Critical analysis and monetary policy in the new classical perspective (Rational expectations);

·       Critical analysis and monetary policy in the Islamic  perspective

        The trajectory of monetary policy in Algeria and its challenges.

·       The path of monetary policy in Algeria and its challenges;

• Financial Management

The module provides the main concepts of a company's financial situation, financial analysis methods and a methodology in assessing of the company's financial stability in the short and long terms.

The second goal is about a knowledge in the proposal of solutions to correct or improve the situation.

The ultimate goal is in relation with an expertise to assist in financial decision-making within the company.

·         Introduction to financial management;

·         Financial statement analysis;

·         Cash flows, statement of changes in equity;

·         Study of balances using financial statements and financial ratios;

·         Financial planning through the break-even point and its uses;

·         Financial leverage;

·         Current assets management;

·         Financial policy and the mechanism of financing decision-making;

·         Financing plan;

·         Capital structure theory;

·         Mechanisms of investment decision – making

Semester Six

1. Teaching Unit: Fundamental

• Banking Techniques and Operations

The objective is an in-depth study of banking techniques, the banking system and its operating mechanisms.

·       General concepts;

·       Basic concepts in banking operations;

·       Policies and procedures for granting loans;

·       Loans intended to finance the investment cycle;

·       Loans intended for financing the operation cycle;

·       Techniques for financing foreign trade;

• Financial Markets

Learning the key contracts and transactions in the financial markets is a predetermining condition to control financial markets techniques.

Traded financial instruments;

Tradable financial instruments;

Stock exchange operations;

Islamic financial markets.

Islamic financing 

This module provides the student with the definition of the Islamic economic and financial system, the identification of Islamic financing tools, attractiveness standards, hindrances and other themes.

• Islamic bank

·       Concept and origine des banques islamiques;

·       The concept and characteristics of Islamic banks;

·       Resources and uses of Islamic banks;

·       Risks facing Islamic banking;

·       Forms of aid and solidarity;

·       Forms of participation in investment returns;

·       Forms of sales (Debt-based forms);

•  The Algerian banking:

·       The nature and components of the Algerian financial and banking system;

·       The Algerian financial System;

·       The Algerian  banking The Algerian;

·       The impact of economic globalization on the Algerian financial and banking system;

·       The evolution of financial policy pathways in Algeria