ECO 300: Money and Banking

Ed4Credit presents Money and Banking

ECO 300: Money and Banking

Course Description

Our Money and Banking course addresses the modern framework of today's financial system and the important roles of both financial markets and banks. Numerous real business applications and the latest financial examples connect today's money and banking topics to students' everyday lives and careers. This course shows how the financial system consists of all securities, intermediaries and markets that exist to match savers and borrowers.   Materials There is no extra cost for textbooks or materials. All materials are included with this course.   Transferability Ed4Credit’s courses have all either been recommended for credit through the American Council on Education’s Alternative Credit Project™ or their College Credit Recommendation Service (CREDIT®). This highly regarded recommendation means that ... Read More »

Our Money and Banking course addresses the modern framework of today’s financial system and the important roles of both financial markets and banks. Numerous real business applications and the latest financial examples connect today’s money and banking topics to students’ everyday lives and careers. This course shows how the financial system consists of all securities, intermediaries and markets that exist to match savers and borrowers.

 

Materials

There is no extra cost for textbooks or materials. All materials are included with this course.

 

Transferability

Ed4Credit’s courses have all either been recommended for credit through the American Council on Education’s Alternative Credit Project™ or their College Credit Recommendation Service (CREDIT®). This highly regarded recommendation means that your Ed4Credit classes will be considered for credit at almost 2,000 colleges and universities across the United States.

It’s important that you check with the college you are planning to transfer this course to in order to verify the transferability to your college. Also, every college individually determines if a course will count as a lower-level course or an upper-level course. Please contact your college and make sure you understand their policies regarding ACE credit transfers.

Ed4Credit courses go through an intensive quality review process by ACE CREDIT® prior to being available to students. ACE CREDIT has evaluated and recommended this Ed4Credit course for college credit. Once you have completed an Ed4Credit course, you are eligible to receive an ACE Transcript for credit transfer purposes. Upon completion of your Ed4Credit courses simply create an account with the American Council on Education (ACE). Once you’ve created your account select the courses you’ve completed and choose the appropriate educational institution and ACE will send them your transcript.

The ACE CREDIT® logo is a registered trademark of the American Council on Education and cannot be used or reproduced without the express written consent of the American Council on Education. Used with permission.

 

More Information

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Read Less
Course Outcomes:
  • Identify types of economic forces that affect the money and banking system
  • Recall the key factors contributing to interest rates, inflation and financial crises
  • Recognize the role of financial regulations, structures and monetary policies
  • Identify the basics of international monetary regimes and foreign exchanges
  • Recall the roles of the central bank and the federal reserve systems within the money and banking system
Course Details:

Access Timeframe

You will have access to your course for 4 months (120 days) from the time of purchase.

Prerequisites

Prior knowledge of Macroeconomics is highly recommended.
Certificate Info:

Type of Certification

Certificate of Completion

Format of Certification

Digital

Professional Association/Affiliation

Ed4Credit courses are recommended by ACE (American Council on Education) and approx. 2,000 colleges and universities accept ACE CREDIT's® recommended courses.

Method of Obtaining Certification

Credits are displayed on the Certificate of Completion which can be downloaded upon successful completion of a course. Official transcripts must be requested from ACE via a ACE Account.

Additional Details

Students are awarded course credits upon successful completion of a course.

Course Outline

Module Subtopics:
  • Financial Systems
  • Asymmetric Information: The Real Evil
  • Financial Instruments
  • Financial Markets
  • Financial Intermediaries
  • Competition Between Markets and Intermediaries
  • Regulation
Module Learning Objectives:
  • Identify various types of financial systems
  • Recognize asymmetric information
  • Recall various financial instruments that can be used
  • Define financial markets
  • Identify financial intermediaries
  • Recall competition between markets and intermediaries
Assignments:
  1. Read Chapters 1-2
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 3
Module Subtopics:
  • History of Moolah
  • Commodity and Credit Monies
  • Measuring Money
  • The Interest of Interest
  • Present and Future Value
  • Compounding Periods
  • Pricing Debt Instruments
  • Calculating Returns
  • Inflation and Interest Rates
Module Learning Objectives:
  • Recall the history of money
  • Recognize types of commodity and credit monies
  • Identify how to measure money
  • Recall how present and future values are calculated
  • Recognize how to compound periods
  • Identify types of pricing debt instruments
  • Recall how to calculate returns
  • Recognize inflation and interest rates
Assignments:
  1. Read Chapters 3-4
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2
Module Subtopics:
  • Rate Shifts and Yield Curves
  • Shifts in Supply and Demand for Bonds
  • Predictions and Effects
  • The Risk Structure
  • The Term Structure
Module Learning Objectives:
  • Identify rate shifts and yield curves
  • Recognize components of shifts in supply and demand for bonds
  • Recall predictions and effects
  • Define risk structure
  • Define term structure
Assignments:
  1. Read Chapters 5-6
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2
Module Subtopics:
  • Theory of Rational Expectations
  • Valuing Corporate Equities
  • Financial Market Efficiency
  • Evidence of Market Efficiency
  • Sources of External Finance
  • Transaction Costs
  • Adverse Selection
  • Moral Hazard
Module Learning Objectives:
  • Identify the theory of rational expectations
  • Recall how to value corporate equities
  • Recognize the evidence of market efficiency
  • Identify sources of external finance
  • Recall types of transaction costs
  • Recognize the basics of adverse selection
  • Identify types of moral hazards
Assignments:
  1. Read Chapters 7-8
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2, 4
Module Subtopics:
  • Balance Sheet
  • Assets, Liabilities and T-Accounts
  • Bank Management Principles
  • Credit Risk
  • Interest-Rate Risk
  • Early Financial Innovations
  • Loophole Mining and Lobbying
  • Banking on Technology
  • Banking Industry Profitability and Structure
Module Learning Objectives:
  • Identify the basics of a balance sheet
  • Recognize types of assets, liabilities and t-accounts
  • Recall the principles of bank management
  • Identify types of credit risks
  • Recognize interest-rate risks
  • Recall early financial innovations
  • Identify types of loophole mining and lobbying
  • Recall the principles of banking on technology
  • Identify the basics of the banking industry within profitability and structure
Assignments:
  1. Read Chapters 9-10
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2, 3, 4
Module Subtopics:
  • Market Failures
  • The Great Depression
  • Savings and Loan Regulatory Debacle
  • U.S. Regulatory Reforms
  • Basel II, Basel III and Dodd-Frank
  • Functions of Derivatives
  • Forwards and Futures
  • Options and Swaps
Module Learning Objectives:
  • Identify types of market failures
  • Recognize the fundamentals of the Great Depression
  • Recall the basics of the savings and loan regulatory debacle
  • Identify U.S. regulatory reforms
  • Recognize Basel II, Basel III and Dodd-Frank
  • Identify functions of derivatives
  • Recall the basics of forwards and futures
  • Recognize options and swaps
Assignments:
  1. Read Chapters 11-12
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 3, 5
Module Subtopics:
  • Financial Crisis Taxonomies
  • Asset Bubbles
  • Financial Panics
  • Lender of Last Resort (LLR)
  • Bailouts and Resolutions
  • The Crisis of 2007- 2009
  • America’s Central Banks
  • The Federal Reserve System’s Structure
Module Learning Objectives:
  • Identify financial crises taxonomies
  • Recognize types of asset bubbles
  • Recall reasons for financial panics
  • Identify the Lender of Last Resort (LLR)
  • Recognize reasons for bailouts and resolutions
  • Identify the financial crisis of 2007-2009
  • Recall components of America’s central banks
  • Recognize the Federal Reserve system’s structure
Assignments:
  1. Read Chapters 13-14
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2, 5
Module Subtopics:
  • Central Bank’s Balance Sheet
  • Open Market Operations
  • Simple Model of Multiple Deposit Creation
  • The M2 Money Multiplier
  • The Federal Funds Market and Reserves
  • Open Market Operations and the Discount Window
  • Monetary Policy Tools of Other Central Banks
Module Learning Objectives:
  • Recall the central bank’s balance sheet
  • Identify types of open market operations
  • Recognize the simple model of multiple deposit creation
  • Recall the fundamentals of the M2 money multiplier
  • Identify the federal funds market and reserves
  • List types of open market operations
  • Recall monetary policy tools typically used in other central banks
Assignments:
  1. Read Chapters 15-16
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2, 5
Module Subtopics:
  • The Short History of Fed Blunders
  • Central Bank Goal Trade-offs
  • Central Bank Targets
  • The Taylor Rule
  • Economic Importance of Currency Markets
  • Determining the Exchange Rate
  • Long-Run and Short-Run Determinants of Exchange Rates
  • Modeling the Market for Foreign Exchange
Module Learning Objectives:
  • Recall the story history of fed blunders
  • Recognize central bank goal trade-offs
  • Identify central bank targets
  • Define the Taylor Rule
  • Recognize the economic importance of currency markets
  • Identify how to determine the exchange rate
  • Define long-run and shortrun determinants of exchange rates
  • Recognize how to model the market for foreign exchange
Assignments:
  1. Read Chapters 17-18
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 3, 4
Module Subtopics:
  • Two Systems of Fixed Exchange Rates
  • The Managed or Dirty Float
  • The Choice of International Policy Regime
  • Simple Quantity Theory
  • Liquidity Preference Theory of Keynes
  • Freidman’s Modern Quantity Theory of Money
  • Policy Failure of the Modern Quantity Theory of Money
Module Learning Objectives:
  • Identify the two systems of fixed exchange rates
  • Recall the basics of the managed or dirty float
  • Recognize the choice of international policy regime
  • Define simple quantity theory
  • Identify the basics of liquidity preference theory of Keynes
  • Define Friedman’s Modern Quantity Theory of Money
  • Recall the policy failure of the modern quantity theory of money
Assignments:
  1. Read Chapters 19-20
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 3, 4, 5
Module Subtopics:
  • Aggregate Output
  • Keynesian Cross Diagrams
  • The IS-LM Model
  • Shifting Curves: Causes and Effects
  • Implications for Monetary Policy
  • Aggregate Demand Curve
Module Learning Objectives:
  • Define aggregate output
  • Identify Keynesian cross diagrams
  • Define the IS-LM Model
  • Recognize causes and effects
  • Recall the implications for monetary policy
  • Identify the basics of aggregate demand curve
Assignments:
  1. Read Chapters 21-22
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 3
Module Subtopics:
  • Aggregate Demand
  • Aggregate Supply
  • Equilibrium Analysis
  • The Growth Diamond
  • Modeling Reality
  • How Important is Monetary Policy
  • Transmission Mechanisms
Module Learning Objectives:
  • Identify the fundamentals of aggregate demand
  • Recall the basics of aggregate supply
  • Recognize the basics of the equilibrium analysis
  • Define the growth diamond
  • Identify the basics of modeling reality
  • Recognize the importance of monetary policy
  • Define various transmission mechanisms
Assignments:
  1. Read Chapters 23-24
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2, 4
Module Subtopics:
  • Empirical Evidence of a Money-Inflation Link
  • Why Have Central Bankers So Often Gotten it Wrong?
  • Rational Expectations
  • New Keynesians
  • Inflation Busting
Module Learning Objectives:
  • Recognize the empirical evidence of a moneyinflation link
  • Recall why central bankers so often get it wrong
  • Identify rational expectations
  • Define new Keynesians
  • Identify the basics of inflation busting
Assignments:
  1. Read Chapters 25-26
  2. View PowerPoints
  3. Practice the Learning Activities
  4. Watch the Videos
  5. Review the Webliography (Web Links)
  6. Take the Exam
Learning Outcomes:
  • 1, 2, 4
Module Subtopics:
  • Final Exam
  • Course Survey
  • Certificate of Completion
Module Learning Objectives:
  • N/A
Assignments:
  1. Take the Cumulative Practice Exam – Optional
  2. Review the Proctored Exam Information
  3. Create an Account with Proctor U
  4. Schedule an Exam Time Take the Proctored Final Exam
  5. Take the Cumulative Final Exam
  6. Submit the Course Survey
  7. Print Your Certificate of Completion
Learning Outcomes:
  • 1, 2, 3, 4, 5

Technical Requirements

Internet Connection

  • Broadband or High-Speed - DSL, Cable, and Wireless Connections

*Dial-Up internet connections will result in a diminished online experience. Classroom pages may load slowly and viewing large audio and video files may not be possible.

 

Hardware Requirements

  • Processor - 2GHz Processor or Higher
  • Memory - 1 GB RAM Minimum Recommended

 

PC Software Requirements

  • Operating Systems - Windows 7 or higher
  • Microsoft Office 2007 or higher. Also, you could use a general Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers - Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • Kindle Reader App is needed for many of our courses (No special equipment needed. This can be downloaded for FREE onto your computer.)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • QuickTime, Windows Media Player &/or Real Player

 

MAC Software Requirements

  • Operating Systems - Mac OS x 10 or higher with Windows
  • Mac office programs or a Word Processing application to save and open Microsoft Office formats (.doc, .docx, .xls, .xlsx, .ppt, .pptx)
  • Internet Browsers- Google Chrome is highly recommended
    • Cookies MUST be enabled
    • Pop-ups MUST be allowed (Pop-up Blocker disabled)
  • PowerPoint Viewer (if you do not have PowerPoint)
  • Adobe PDF Reader
  • Apple QuickTime Media Player

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