Money & Banking ((4 Credits))

Catalog description

The course covers the monetary transmission mechanism, monetary policy and its relationship to assets pricing models. It introduces the theoretical, institutional, historical, and empirical aspects of money and banking, and investigates the insight into the relationship between the government’s changing fiscal and monetary policies (especially the role of the Federal Reserve System), and the economy and business decisions. The course also examines the tools of monetary policies and their implications for households, businesses, and global economies. Prerequisite (must complete before registering): Microeconomics ( ECON 2020 ), Macroeconomics ( ECON 2015 ), or Principles of Economics ( MGMT 6015 ), or equivalents. Notes: This course provides a basis for understanding International Finance as well as Monetary Policy. Coupled with Fiscal Policy it provides a theoretical understanding of the wider role of the federal government in attempting to provide full employment and price level stability for the economy. This course was previously BME-214414 Money and Banking.