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ECON 315 - Money and Banking

  • 3 credits

Monetary theory and policy; description of financial institutions and markets.

The course provides an overview of financial institutions in the U.S. economy, including the history and functions of money, financial institutions and markets, central banking, and the conduct of monetary policy.

By the end of the course you should be able to:

  • Identify the different functions of money and how money is related to interest rates;
  • Understand how interest rates are determined, as well as the behavior of interest rates, and the risk and term structures of interest rates.
  • Demonstrate the importance of financial markets and financial institutions in the economy; identify the essential operations of depository institutions; justify why they are heavily regulated.
  • Explain how a nation’s money supply is determined; know the various tools of monetary policy, the role of central banks and the Federal Reserve System, and the conduct of monetary policy.
  • Apply principles, theories and models to critically analyze and explain economic situations encountered in the real work that involve money, financial markets and institutions, financial crisis, and actions undertaken by central banks in the development and implementation of monetary policy.

Prerequisite

ECON 204 (Principles of Macroeconomics)

Important Information

Prerequisite: Introductory macroeconomics, college algebra.

Instructors