Reviews the history of American banking institutions,
principles, and practices. Emphasizes the relationship of finances to business
structure, operation, and organization. Examines present financial structures,
agents, problems, and institutions. Lecture 3 hours per week.
GENERAL COURSE PURPOSE
This course is designed to give students an understanding
of the importance of a country’s banking system in influencing the functioning
of its economy.
ENTRY LEVEL COMPETENCIES
No prerequisites required for this course. The student
must be literate in English and competent in fundamental arithmetic computation.
Upon completion of this course, the student will be able to:
A. understand current U.S. and international monetary systems
B. explain the formulation of monetary policy by the Federal Reserve System and its effects on the U.S. and world economies
C. comprehend the behavior of financial institutions, financial markets, and asset prices
D. evaluate current problems and regulatory policies in the banking and thrift industries
MAJOR TOPICS TO BE INCLUDED
A. What money is and what money does; the role of money in our macroeconomy
B. Monetary policy, and how it relates to fiscal policy
C. Analysis of the critical role of the Federal Reserve and the banking system in affecting the performance of the economy
D. Overview of financial institutions, instruments and markets
E. Exploration of the main elements of international banking and the globalization of the financial system