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Economics 330

ECON 330: Money and Banking

Prerequisite: ECON 105

Credit Hours: (3)

A study of the functions of money in economic society and of the impact of monetary policy on national income, prices, employment, and interest rates. The role of banking in the money supply process is examined.

 

Detailed Description of Content of the Course

The course teaches the definition and role of money in the economy. It also focuses on the monetary sector of the economy and describes its structure, its operation, and its interaction with the real sector. The role of the central banking on the production of money and conduct of monetary policy is highlighted. Finally, the monetary aspects of International Relations are studied.

Topic Outline

1. Nature and Function of Money and Finance
2. Commercial Banking
3. Central Banking
4. Monetary Theory
5. Money, Interest Rates, and the Economy
6. International Monetary Relations

 

Detailed Description of Conduct of the Course

The following teaching strategies will be employed:

Lectures and discussions. A written report on a money and banking subject is required. Homework sets are also assigned.

 

Goals and Objectives of the Course

At the end of the course students are expected to know:

1. The definitions of money and its significance.
2. The structure of the financial sector of the economy.
3. The determinants of security prices and interest rates.
4. The structure of the banking sector and the behavior of the banking firm.
5. The process of money creation.
6. The determinants of money demand.
7. The structure of Central Banking.
8. Monetary policy, its instruments, goals, and conduct.
9. The structure of International Finance and Banking.
10. The interaction of the real and monetary sectors of the economy and the effects of monetary policy upon inflation and unemployment.

 

Assessment Measures

Tests, homework, reports, presentations, class participation. Grades and percentages depend on individual professors.

 

Other Course Information

None

 

Review and Approval

Date Action Reviewed by
December 2004 Made alterations to syllabus N. Hashemzadeh, Chair
April 16, 2012 Revised