Study Of Understanding Of USU Faculty Of Economics Students On The Duties And Functions Of Bank Indonesia After Law No.23 Of 1999

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Understanding the Role of Bank Indonesia: A Case Study of USU Faculty of Economics Students

Introduction

The role of Bank Indonesia in maintaining national economic stability is crucial, especially in the context of the country's economic development. As the central bank of Indonesia, Bank Indonesia plays a vital role in implementing monetary policy, managing the banking system, and supervising banks. However, the level of understanding of Bank Indonesia's duties and functions among students, particularly those from the Faculty of Economics at Universitas Sumatera Utara (USU), is a topic of interest.

This study aims to explore the level of understanding of USU Faculty of Economics students regarding the duties and functions of Bank Indonesia after the enactment of Law Number 23 of 1999. The study employed a descriptive analysis method to collect, analyze, and interpret data from a sample of 97 students from six departments at the USU Faculty of Economics.

Methodology

The study used a Likert scale questionnaire to collect data from the sample of students. The questionnaire consisted of questions related to the duties and functions of Bank Indonesia, as well as the students' level of understanding of these concepts. The data were then analyzed using descriptive statistics to determine the level of understanding of the students.

Results

The results of the analysis showed that the majority of USU Faculty of Economics students understood the duties and functions of Bank Indonesia after the enactment of Law No. 23 of 1999. However, the analysis also revealed that undergraduate program students (S1) better understood the role of Bank Indonesia than Diploma Program students.

Deeper Analysis

Several factors can explain the difference in understanding between S1 and D3 students. S1 students tend to receive more in-depth material about Bank Indonesia in Monetary or Banking Economics courses. They may also be more active in participating in discussions and seminars related to monetary and banking policies, which provides them with a broader understanding of the role of Bank Indonesia.

The Importance of Understanding of Bank Indonesia

A good understanding of Bank Indonesia's duties and functions is essential, especially for economic and professional candidates in the financial sector. Bank Indonesia plays a crucial role in maintaining national economic stability through monetary policy, management system management, and banking supervision. Therefore, it is essential for students to have a deep understanding of the role of Bank Indonesia to contribute to the country's economic development.

Recommendation

Based on the findings of this study, several recommendations can be made to improve the understanding of Bank Indonesia's duties and functions among USU Faculty of Economics students.

Curriculum Improvement

USU Faculty of Economics can consider increasing material related to Bank Indonesia in the related course curriculum. This will provide students with a more comprehensive understanding of the role of Bank Indonesia and its impact on the national economy.

Educational Program

USU Faculty of Economics can hold an educational program and seminar that discusses the role of Bank Indonesia in more detail. This will provide students with an opportunity to learn from experts in the field and gain a deeper understanding of the role of Bank Indonesia.

Bank Indonesia Involvement

Bank Indonesia can work together with the USU Faculty of Economics to provide material and seminars to students. This will provide students with a more comprehensive understanding of the role of Bank Indonesia and its impact on the national economy.

Conclusion

In conclusion, this study found that the majority of USU Faculty of Economics students understood the duties and functions of Bank Indonesia after the enactment of Law No. 23 of 1999. However, the study also revealed that undergraduate program students (S1) better understood the role of Bank Indonesia than Diploma Program students. The study recommends that USU Faculty of Economics consider increasing material related to Bank Indonesia in the related course curriculum, hold an educational program and seminar that discusses the role of Bank Indonesia in more detail, and work together with Bank Indonesia to provide material and seminars to students.

Limitation

This study has several limitations. The study only sampled 97 students from six departments at the USU Faculty of Economics, which may not be representative of all students at the university. Additionally, the study only used a Likert scale questionnaire to collect data, which may not provide a comprehensive understanding of the students' level of understanding.

Future Research

Future research can build on the findings of this study by exploring the level of understanding of Bank Indonesia's duties and functions among students from other universities. Additionally, future research can investigate the impact of the curriculum improvement and educational program on the level of understanding of Bank Indonesia's duties and functions among students.

References

  • Bank Indonesia. (1999). Law Number 23 of 1999.
  • Universitas Sumatera Utara. (2020). Faculty of Economics.
  • World Bank. (2020). Indonesia Economic Update.

Appendices

  • Questionnaire used to collect data from students.
  • Data analysis and interpretation.
  • Conclusion and recommendation.
    Frequently Asked Questions (FAQs) about Understanding the Role of Bank Indonesia: A Case Study of USU Faculty of Economics Students

Q: What is the role of Bank Indonesia in the Indonesian economy?

A: Bank Indonesia is the central bank of Indonesia, responsible for maintaining national economic stability through monetary policy, management system management, and banking supervision.

Q: Why is it important for students to understand the role of Bank Indonesia?

A: A good understanding of Bank Indonesia's duties and functions is essential for economic and professional candidates in the financial sector. It will equip them with the knowledge needed to contribute to building the national economy.

Q: What are the main duties and functions of Bank Indonesia?

A: The main duties and functions of Bank Indonesia include:

  • Implementing monetary policy to maintain national economic stability
  • Managing the banking system to ensure stability and soundness
  • Supervising banks to ensure compliance with regulations and laws
  • Regulating the payment system to ensure efficiency and security

Q: What are the differences in understanding between S1 and D3 students?

A: S1 students tend to receive more in-depth material about Bank Indonesia in Monetary or Banking Economics courses. They may also be more active in participating in discussions and seminars related to monetary and banking policies, which provides them with a broader understanding of the role of Bank Indonesia.

Q: What are the recommendations for improving the understanding of Bank Indonesia's duties and functions among USU Faculty of Economics students?

A: The recommendations include:

  • Increasing material related to Bank Indonesia in the related course curriculum
  • Holding an educational program and seminar that discusses the role of Bank Indonesia in more detail
  • Working together with Bank Indonesia to provide material and seminars to students

Q: What are the limitations of this study?

A: The study has several limitations, including:

  • The study only sampled 97 students from six departments at the USU Faculty of Economics, which may not be representative of all students at the university
  • The study only used a Likert scale questionnaire to collect data, which may not provide a comprehensive understanding of the students' level of understanding

Q: What are the future research directions?

A: Future research can build on the findings of this study by exploring the level of understanding of Bank Indonesia's duties and functions among students from other universities. Additionally, future research can investigate the impact of the curriculum improvement and educational program on the level of understanding of Bank Indonesia's duties and functions among students.

Q: What are the implications of this study for education and training programs?

A: The study highlights the importance of providing students with a comprehensive understanding of the role of Bank Indonesia. Education and training programs should include material related to Bank Indonesia's duties and functions, as well as opportunities for students to participate in discussions and seminars related to monetary and banking policies.

Q: What are the implications of this study for Bank Indonesia?

A: The study suggests that Bank Indonesia should work together with the USU Faculty of Economics to provide material and seminars to students. This will provide students with a more comprehensive understanding of the role of Bank Indonesia and its impact on the national economy.

Q: What are the implications of this study for the Indonesian economy?

A: The study highlights the importance of maintaining national economic stability through monetary policy, management system management, and banking supervision. A good understanding of Bank Indonesia's duties and functions is essential for economic and professional candidates in the financial sector, which will contribute to building the national economy.