Course Description: Commercial and central banking with special attention given to the Federal Reserve system, monetary theory, and policy. Prerequisites: EC 011, EC 012.
Section Description: We develop a framework to understand the structure of financial markets, money and its components and how interest rates are determined, the banking system and its regulation, how monetary policy is conducted, and root causes of financial crisis. Through the models that we will develop, you should gain enough knowledge and analytical tools to understand the latest developments in the financial and banking world. You will be encouraged to follow the financial news with the goal of gaining fluency to read the financial newspaper.
Instructor(s): Shirley Jean Gedeon
Meeting Dates: 22 May 2017 - 30 Jun 2017