Revised 09/03
 
NVCC COLLEGE-WIDE COURSE CONTENT SUMMARY
ECO 230 - SURVEY OF MONEY AND BANKING (3 CR.)



COURSE DESCRIPTION

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.
 

COURSE OBJECTIVES

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