MONEY, BANKS, AND FINANCIAL INSTITUTIONS

Catalog description

Provides students with understanding of the nature and role of money, banks, financial institutions, and monetary policy in the broader economy. Investigates banking regulations, ethics, financial instruments, and markets, including bonds, stocks, derivatives, and currency exchange. Surveys the role of banks, central banking, and monetary policy in the context of global financial markets and addresses unconventional policy tools, such as quantitative easing and forward guidance, and emerging payment developments, such as cryptocurrencies. This course is a component of student preparation to work in the banking and finance industries.