Page 24 - PROSPECTUS FEA IT 17-18

◄Faculty of Economics and Administration►

EQA 7008 MONEY AND FINANCE IN ECONOMIC DEVELOPMENT
Learning Outcomes At the end of this course, the students are able to:

(1) Analyse the role of money and finance in economic
development;
(2) Examine developments in the national and international
financial systems; and
(3) Relate real sector issues to the financial sector.
Synopsis of Course This course will examine issues mainly related to financial
Contents liberalization and its impact on banking and capital market
operations; government budgetary finance and its
macroeconomic implications; external debt and financial crises;
the choice of an appropriate exchange rate regime; and
international capital flows and challenges to emerging markets.
Assessment Methods Continuous Assessment : 50%
Final Examination : 50%

Main Reference (1) McKinnon, R.I., Money and Capital in Economic
Development, Brookings Institution, 1973.
(2) Beim, D.O. & C.W.Calomiris, Emerging Financial Markets,
Irwin/McGraw-Hill, 2000.
(3) McKinnon, R.I., The East Asian Exchange Rate Dilemma,
Stanford University, August 2001.
(4) Romer, D., Advanced Macroeconomics, McGraw-Hill, 1996.
(5) Scott, R.H.,Money, Financial Markets and the Economy,
Prentice-
Hall, 1995.
(6) Mishkin, F.S.The Economics of Money, Banking and
Financial Markets, Pearson, Tenth Edition, 2013.
EQA 7009 PUBLIC ECONOMICS

Learning Outcomes At the end of the course, students are able to:
(1) Relate the major themes in public economics, primarily
theoretical arguments with empirical illustrations on
contemporary issues;
(2) Analyse the theoretical foundations, substantive issues and
empirical perspectives in public economics, especially for the
developing countries;
(3) Investigate the effects of alternative policies and the
determination of the optimal policy, the specific problems of
development finance, as well as how the State intervenes to
affect these choices, under different governmental systems.

Synopsis of Course The course covers the theoretical arguments and substantive
Contents issues, illustrated with empirical data, concerning policy problems
involving the use of tax and expenditure measures. While looking
at the vast array of fiscal institutions - tax systems, expenditure
programmes, budget procedures, stabilization instruments, debt
issues - the way fiscal functions are divided among levels of
government is also focused upon. This leads to a discussion of
fiscal federalism, including the pattern of federal support, the
position of state finances, the emergence of regional problems,
the system of intergovernmental grants, the assignment of taxing
powers and borrowing powers, the problems of fiscal imbalance,

24