Money & Banking

Catalog description

Prerequisite(s): A minimum grade of C in ECO 1380 or a minimum grade of C in ECO 1305 and 2307 or a minimum grade of C in ECO 2306 and 2307; and a minimum grade of C in MTH 1321. A study of the structure and functioning of American financial institutions; the functioning of financial markets and the nature of security prices and interest rates; the basic concepts of bank management; the nature of money and the role of the central bank in its creation; the basic structure of the economy and the impact of monetary actions on this structure; and the basic tenets of Monetarism and modern Keynesian monetary theory. BBA students must have a declared major to enroll in this course.