{"id":null,"code":"BO00AR11","name":{"valueFi":"Sustainable Banking and Financial Economics","valueEn":"Sustainable Banking and Financial Economics","valueSv":""},"credits":6.0,"minCredits":6,"maxCredits":6,"tags":[],"createdAt":1790533350408,"contentList":[{"title":{"valueFi":"Osaamistavoitteet","valueEn":"Learning outcomes","valueSv":""},"content":{"valueFi":"After completing the course the student understands the main roles and functions of banks and financial markets in the financial transmission processes and recognizes the forms of Alternative Finance (AltFi) and the basic ideas and role of Decentralized Finance (DeFI) and cryptocurrencies, digital banking, disruption and financial intermediation. He/she is also familiar with the recent steps in the regulation of traditional banks, the role of direct and indirect financing channels in the value creation through sustainable finance, and differences in the function of stakeholder and shareholder banks. The student also recognizes the role of ESG and other sustainability related information and approaches to banking and other forms of financing real investments. In addition, the role of central banking and monetary policy and forms of conventional and unconventional monetary policy actions are clear to him/her. The student also understands the idea of Central Bank Digital Currency (CBDC) and its role in monetary policy, and more generally the main principles of the role of central banks in green transition and fight against climate change and biodiversity loss.","valueEn":"After completing the course the student understands the main roles and functions of banks and financial markets in the financial transmission processes and recognizes the forms of Alternative Finance (AltFi) and the basic ideas and role of Decentralized Finance (DeFI) and cryptocurrencies, digital banking, disruption and financial intermediation. He/she is also familiar with the recent steps in the regulation of traditional banks, the role of direct and indirect financing channels in the value creation through sustainable finance, and differences in the function of stakeholder and shareholder banks. The student also recognizes the role of ESG and other sustainability related information and approaches to banking and other forms of financing real investments. In addition, the role of central banking and monetary policy and forms of conventional and unconventional monetary policy actions are clear to him/her. The student also understands the idea of Central Bank Digital Currency (CBDC) and its role in monetary policy, and more generally the main principles of the role of central banks in green transition and fight against climate change and biodiversity loss.","valueSv":""}},{"title":{"valueFi":"Sisältö","valueEn":"Content","valueSv":""},"content":{"valueFi":"Introduction to money, banking and financial markets for interest yielding assets. Period of zero lower bound and negative interest rates. Forms of Alternative Finance (AltFi) and the basic ideas and role of Decentralized Finance (DeFI) and cryptocurrencies. Digital banking, disruption and financial intermediation, FinTech regulation and financial stability, policy responses to FinTech activities. Recent steps in the regulation of traditional banks. Role of direct (markets) and indirect (banks) financing channels in the value creation through sustainable finance. Differences in the function of stakeholder and shareholder banks. Role of ESG and other sustainability related information and approaches to banking and other forms of financing real investments. Connection of especially climate related themes (carbon markets and clean energy) to financial intermediation. Central banking and monetary policy, role and forms of conventional and unconventional monetary policy actions. The idea of Central Bank Digital Currency (CBDC) and its role in monetary policy. Role of central banks in green transition and fight against climate change and biodiversity loss.","valueEn":"Introduction to money, banking and financial markets for interest yielding assets. Period of zero lower bound and negative interest rates. Forms of Alternative Finance (AltFi) and the basic ideas and role of Decentralized Finance (DeFI) and cryptocurrencies. Digital banking, disruption and financial intermediation, FinTech regulation and financial stability, policy responses to FinTech activities. Recent steps in the regulation of traditional banks. Role of direct (markets) and indirect (banks) financing channels in the value creation through sustainable finance. Differences in the function of stakeholder and shareholder banks. Role of ESG and other sustainability related information and approaches to banking and other forms of financing real investments. Connection of especially climate related themes (carbon markets and clean energy) to financial intermediation. Central banking and monetary policy, role and forms of conventional and unconventional monetary policy actions. The idea of Central Bank Digital Currency (CBDC) and its role in monetary policy. Role of central banks in green transition and fight against climate change and biodiversity loss.","valueSv":""}},{"title":{"valueFi":"Suoritustavat","valueEn":"Study Methods","valueSv":""},"content":{"valueFi":"Two mid-term exams in e-Exam, or alternatively, two possibilities for final exam in e-Exam. Two home assignments (not mandatory). Weekly quizzes in Moodle (not mandatory).","valueEn":"Two mid-term exams in e-Exam, or alternatively, two possibilities for final exam in e-Exam. Two home assignments (not mandatory). Weekly quizzes in Moodle (not mandatory).","valueSv":""}},{"title":{"valueFi":"Toteutustavat","valueEn":"Teaching Methods","valueSv":""},"content":{"valueFi":"Contact teaching in hybrid form. 36 hours lectures (including 2-3 visitors), 121 hours of independent self-study and weekly quizzes, exams 3 hours each (not included to the number of lecture hours).","valueEn":"Contact teaching in hybrid form. 36 hours lectures (including 2-3 visitors), 121 hours of independent self-study and weekly quizzes, exam 3 hours each (not included to the number of lecture hours).","valueSv":""}},{"title":{"valueFi":"Oppimateriaalit","valueEn":"Learning material","valueSv":""},"content":{"valueFi":"<p>Two main course books (Mishkin, Vargas), lecture notes, details of additional article material for lectures and home assignments are&nbsp;given during the lectures, all available through Moodle.&nbsp;</p>","valueEn":"<p>Two main course books (Mishkin, Vargas), lecture notes, details of additional article material for lectures and home assignments are&nbsp;given during the lectures, all available through Moodle.&nbsp;</p>","valueSv":""}},{"title":{"valueFi":"Lisätiedot","valueEn":"Further information","valueSv":""},"content":{"valueFi":"TARGET GROUP: First year MSc students in Economics, Accounting and Finance.","valueEn":"TARGET GROUP: First year MSc students in Economics, Accounting and Finance.","valueSv":""}},{"title":{"valueFi":"Kurssikirjallisuus","valueEn":"Literature","valueSv":""},"content":{"valueFi":"1. Mishkin,F. S; The Economics of Money, Banking and Financial Markets, 13th Global Edition, Pearson, 2021. 9781292409481\n2. Vargas, C.; Sustainable Finance Fundamentals, 1st Edition, Routledge, Taylor&Francis Group, 2024 9781032151489","valueEn":"1. Mishkin,F. S; The Economics of Money, Banking and Financial Markets, 13th Global Edition, Pearson, 2021. 9781292409481\n2. Vargas, C.; Sustainable Finance Fundamentals, 1st Edition, Routledge, Taylor&Francis Group, 2024 9781032151489","valueSv":"1. Mishkin,F. S; The Economics of Money, Banking and Financial Markets, 13th Global Edition, Pearson, 2021. 9781292409481\n2. Vargas, C.; Sustainable Finance Fundamentals, 1st Edition, Routledge, Taylor&Francis Group, 2024 9781032151489"}},{"title":{"valueFi":"Esitietovaatimukset","valueEn":"Qualifications","valueSv":""},"content":{"valueFi":"","valueEn":"","valueSv":""}},{"title":{"valueFi":"Arviointiasteikko","valueEn":"Assessment scale","valueSv":""},"content":{"valueFi":"1-5/HYL","valueEn":"1-5/FAIL","valueSv":"1-5/FAIL"}},{"title":{"valueFi":"Arviointikriteerit","valueEn":"Assessment criteria","valueSv":""},"content":{"valueFi":"Either both of the two mid-term exams or the final exam must be passed. Additional points can be received from the two home assignments (1-10 from each) and weekly Moodle quizzes (max 1 per week),  but they are only added to the grade from a passed exam. Final grading of the whole course is based on the exam results, home assignments and weekly quizzes. More details about grading are given at the beginning of the course and in Moodle.","valueEn":"Either both oft the two mid-term exams or the final exam must be passed. Additional points can be received from the two home assignments (1-10 from each) and weekly Moodle quizzes (max 1 per week),  but they are only added to the grade from a passed exam. Final grading of the whole course is based on the exam results, home assignments and weekly quizzes. More details about grading are given at the beginning of the course and in Moodle.","valueSv":""}},{"title":{"valueFi":"Arviointikriteerit 2","valueEn":"Evaluation criteria 2","valueSv":""},"content":{"valueFi":"","valueEn":"","valueSv":""}},{"title":{"valueFi":"Arviointikriteerit 3","valueEn":"Evaluation criteria 3","valueSv":""},"content":{"valueFi":"","valueEn":"","valueSv":""}},{"title":{"valueFi":"Arviointikriteerit 4","valueEn":"Evaluation criteria 4","valueSv":""},"content":{"valueFi":"","valueEn":"","valueSv":""}},{"title":{"valueFi":"Pääasiallinen opetuskieli","valueEn":"Primary Teaching Language","valueSv":""},"content":{"valueFi":"englanti","valueEn":"English","valueSv":"engelska"}},{"title":{"valueFi":"Taso","valueEn":"Level","valueSv":""},"content":{"valueFi":"Syventävät opinnot","valueEn":"Advanced Studies","valueSv":"Syventävät opinnot"}},{"title":{"valueFi":"Oppiaine","valueEn":"Subject","valueSv":""},"content":{"valueFi":"Taloustiede","valueEn":"Economics","valueSv":""}},{"title":{"valueFi":"Vastuuhenkilöt","valueEn":"Person in charge","valueSv":""},"content":{"valueFi":"Juha Junttila","valueEn":"Juha Junttila","valueSv":"Juha Junttila"}},{"title":{"valueFi":"Luokittelu","valueEn":"Classification","valueSv":""},"content":{"valueFi":"","valueEn":"","valueSv":""}},{"title":{"valueFi":"Linkit","valueEn":"Links","valueSv":""},"content":{"valueFi":"","valueEn":"","valueSv":""}}]}