FIN 201 MONEY AND BANKING
FIN 201 – Money and Banking
Course Number & Name: FIN 201 Money and Banking
Credit Hours: 3.0 Contact Hours: 3.0 Lecture: 3.0 Lab: N/A Other: N/A
Prerequisites: Grades of “C” or better in ECO 101 and ECO 102
Co-requisites: None Concurrent Courses: None
Course Description: This course mainly discusses the role of financial institutions, the banking system, the Federal Reserve System, and the nature and effectiveness of monetary policy tools. It systematically discusses (i) money and its functions, (ii) financial markets, (iii) financial institutions, (iv) central banking and the conduct of monetary policy, (v) international finance and monetary policy, and (vi) monetary theory.
Course Goals: Upon successful completion of this course, students should be able to do the following:
- explain the major functions of money and describe the factors affecting the supply and demand for money in an economy;
- explain the roles of banking and the financial system in the functioning of an economy;
- explain the basic operation of banks, the structure of the banking industry, and the major regulatory processes controlling banks;
- explain the purpose and basic operation of the Federal Reserve System and central banks in general and the application of monetary policy to manage the money supply;
- describe the various exchange rate regimes and explain the process for determining exchange rates in the foreign exchange markets; and
- evaluate the effect of monetary policy on output and prices using an analysis of aggregate demand and supply.