Money and Banking Online is an introduction to capital markets with an emphasis on monetary theory and policy. This course will examine the fundamentals of central banking, the Keynesian and Classical views on the influence of money on the macro economy, and financial institutions and instruments. This course will enable you to understand the operations of the Federal Reserve and other central banks as they carry out monetary policy in order to seek stable economic growth, low inflation, and low unemployment. The course will also examine the primary determinants of foreign exchange rates, the theories of interest rate determination, and the role of central banks in responding to financial crisis events.

This course is a Social Science, Arts and Science, and Business elective.

Overall Course Objectives | Major Course Topics | Course Format | Orientation | Course Requirements |Materials | Exams | Course Web Site

Overall Course Objectives

Once you have completed this course you will be able to:

• Understand and discuss the Keynesian and Classical views on how money affects the macro economy and the appropriate approach to conducting monetary policy.
• Explain using demand/supply models the influences on interest rates, bond prices, and foreign exchange rates.
• Describe the role of the Federal Reserve, and other central banks in their conduct of monetary policy, in attempting to achieve broad macro economic objectives.
• Discuss the major episodes in macro economic history as influenced by monetary policy from the period of the Great Depression to the present.
• Appreciate the complexity and sophistication of the U.S. capital markets and the historical roll of financial intermediaries in channeling funds from savers to investors.

Major Course Topics

• Introduction
• The significance of Money, Banking and Financial Markets
• The Money Supply and Its Effects on other Economic Variables
• The Financial System
• Interest Rates
• Interest Rate Determination
• The Theory of Asset Demand
• The Risk and Term Structure of Interest Rates
• Financial Institutions
• Adverse Selection and Moral Hazard
• The Banking Industry
• Banking Regulation
• Financial Innovation
• Monetary Policy
• Multiple Deposit Creation
• The Federal Reserve System
• Monetary Policy Tools
• International Finance
• Foreign Exchange Markets
• The International Financial System

Course Format

This course:

• Is not self-paced.
• Does not require on-campus meetings except for the face-to-face orientation and twotests in the HCC Test Center or an approved test center. (For more information on taking exams, see the ?Examssection below.)
• Does require real-time chats. (The time of the chat will be based on everyone's availability in the class.)
• Course material is sequential.
• Once you have registered, email me at rwasilewski@howardcc.edu. Be sure to include your name and the course and section and semester you are enrolled in. My reply to you will include the URL (internet address) of our course resources and your username and password so you can access the course. I will forward this information to you shortly before the start of our semester.

Orientation

This course has a recommended face-to-face orientation. Check the list of scheduled orientations for the date, time, and location. Please check my email message to you for more information about the orientation.

Course Requirements

• Review the "What you should know before you register" section of the DistanceLearning Homepage.
• Short answer end-of-chapter questions
• Two tests and comprehensive final exam to be taken on campus at test center, times flexible over 7 day period at student?s discretion
• Four page position or overview paper on course relevant topic chosen by student
• Small group on-line discussions and group written summaries presented to the class

Materials Required:

To visit our bookstore's online sales site, please visit www.howardbooks.com and follow instructions for selecting textbooks

Technical Requirements and Plug-Ins:

Review the Technical Requirements link above. The following plug-ins are required for this course:

• Acrobat Viewer
• Internet Explorer
• PowerPoint Viewer, if you don?t have the full version of Microsoft PowerPoint
• Windows Media Player
• Word Viewer, if you don?t have the full version of Microsoft Word

Exams

For purposes of verification and assessing learning outcomes, this course has a proctored final exam at the HCC Testing Center for students in the local region or at a regional institution for remote students. The exam will have a flexible window of time during which it needs to be taken rather than a single date and time.

If you have any questions or comments about this course, please send a message to Robert Wasilewski, RWasilewski@howardcc.edu

Last updated on 8-Nov-05

 Howard Community College, 2008