This course provides the students with knowledge about the evolution and functions of money in the economy and the role of commercial banks in the development of a country. Topics covered include the demand and supply of money, financial markets etc. Emphasis is placed on banking, monetary policy, central banks and their functions, money creation and the role of central banks in overall economic development. International Finance concepts are also introduced to the students. The monetary system in Oman is covered with a special focus on Islamic Banking concepts.
- Teacher: Dr. Mohammed Omer Fareed