Skip Navigation
Distance Learning
Home > Academics > eLearning > Course Formats > Online > ECON Online Courses > ECON 201 Money and Banking

ECON 201 Money and Banking

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.

Completion of ECON-101 Macroeconomics.
Lisa Schreiber Rosenmerkel
(443) 621-0666

Overall Course Objectives | Major Course Topics | Course Format | Course Requirements | Materials | Exams

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.

Top of Page

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

Top of Page

Course Format

This course:

  • Is not self-paced.
  • Course material is sequential.
  • Does not require on-campus meetings except for the face-to-face orientation and two tests in the HCC Test Center or an approved test center. (For more information on taking exams, see the Exams section below.)
  • This course will depend heavily on HCC’s Canvas website.  All mass-communications will take place via the Canvas mail system.  All course materials and assignments will be posted on our course’s Canvas site. All assignments will be submitted through the Canvas website.  Our online group discussions will take place on our course’s Canvas website. As such, it is the students responsibility to obtain and maintain access to Canvas and to check the course website daily.

Top of Page

Course Requirements

  • Review the "What you should know before you register" section of the Distance Learning Homepage.
  • Online problem sets for each chapter.
  • A midterm and a non-comprehensive final exam, taken during a five-day period in the HCC Test Center.  The selection of the date and time will be limited by the Test Center hours but will otherwise be at the student’s discretion.   
  • Four page position or overview paper on course relevant topic chosen by student
  • Weekly participation in online group discussions.

Top of Page

Materials Required:

To visit our bookstore's online sales site, please visit, 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

Top of Page


For purposes of verification and assessing learning outcomes, this course has a proctored midterm and final exam at the HCC Test Center for students in the local region or at a regional institution for remote students. The midterm and exam must be taken during a five-day period – the selection of the date and time will be limited by the Test Center hours but will otherwise be at the student’s discretion.   

If you have any questions or comments about this course, please send a message to Lisa Rosenmerkel,

Last updated on 1-Apr-11

Student Profile - Maribel