ECON 38000 - Money And Banking

Prerequisite(s): ECON 25100 FOR LEVEL UG WITH MIN. GRADE OF C AND ECON 25200 FOR LEVEL UG WITH MIN. GRADE OF C AND MA 15910 FOR LEVEL UG WITH MIN. GRADE OF C

Credit Hours: 3.00. This course introduces students to macroeconomic theories for some key issues on money and banking, including how interest rates are determined, what the role of financial intermediation is in the macroeconomy, why there exist financial frictions, how these financial frictions can develop into financial crises, and how monetary policy is conducted and affects the macroeconomy. We will discuss modern macroeconomic theories on these issues through the lens of toy versions of the original models, which are suitable for undergraduate students to understand.
Course Learning Outcomes
1. Cultivate an “economist’s mindset” by integrating real-world economic phenomena, mathematical models, and narrative explanations to analyze and interpret data and trends. 2. Evaluate major macroeconomic theories and explanations critically addressing key issues in money and banking, as discussed in the academic literature. 3. Articulate insights and analyses on money and banking topics in a clear, systematic, and well-organized written format. 4. Apply the ‘economist’s mindset’ and money and banking concepts learned in the course to critically analyze current financial news and issues reported in the news.

View Class Schedule