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Oct 11, 2024
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2024-2025 Academic Catalog
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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 .
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