ECN-2020 Money, Banking, and Finance

Credits 3
The course provides an overview of the financial markets and the financial institutions in the U.S. economy. It examines the history and functions of money, creation of money in the banking system, central banking and the conduct of monetary policy. The course emphasizes the changing role of financial institutions, the new financial instruments and the interrelationships between domestic and international financial sectors.
Prerequisite(s): ECN-1030
Course Outcomes

Identify the functions of money.
Illustrate how interest rates are determined and their impact in the economy.
Analyze the importance of financial markets and financial institutions.
Identify the roles of the federal reserve bank.
Identify the tools of monetary policy.
Analyze economic situations that involve money, financial markets and institutions, financial crisis, and actions taken by central banks.