EC 405 - Money and Banking

Lecture Hours: 3
Lab Hours: 0
Credit Hours: 3

This course describes and analyzes the role of money, commercial banks, nonbank financial institutions, central banks, and financial markets in a modern financial economy. The focus on financial institutions and markets is three-fold, namely 1) fostering real economic activity in the goods and services markets, 2) contributing to the efficiency of the financial economy, and 3) serving as a channel for implementing monetary policy. An international perspective is provided with emphasis on the United States (U.S. dollar) and European Monetary Union (Euro) and their respective monetary frameworks. Prerequisite(s): EC 201-EC 202.