MONEY AND BANKING

Catalog description

This course focuses on financial markets, monetary policy and central banking. Students are introduced to topics such as money, securities, exchange rates, interest rates and the basics of asset pricing through present value calculations. Students utilize economic models to understand the behavior of bond, stock and foreign exchange markets. Students examine the Federal Reserve, determinants of the money supply process, operations and goals of monetary policy and alternative monetary policy frameworks. Finally, students evaluate contemporary issues on monetary policy, including those faced by policymakers, using economic models to understand and illustrate these issues. PREREQ: ECON 202 AND ((COBE MAJOR: 2.50 CUMULATIVE GPA) OR (NON-COBE MAJOR/MINOR/COBE MINOR: 60 CREDITS AND 2.00 CUMULATIVE GPA))