ECON 38000

Money And Banking
ECON 38000

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About the Course
The focus of this class will be primarily on the structure, organization, and functioning of financial markets in facilitating inter-temporal trade. Millions of participants in financial markets seek to borrow (trading future consumption for current consumption) and lend (trading current consumption for future consumption). They do so primarily through a host of financial intermediaries (including banks) which reduce the transactions costs of doing so, and through trade in a variety of different financial instruments (bonds, commercial bank loans, equities, etc.). As we trade into an uncertain future, there is attendant risk and uncertainty that must be confronted by parties on all sides of such trades, and this affects not only the characteristics of the instruments being traded but also the way roles of financial intermediaries have evolved through time.
 
We will also consider the potential strengths and weaknesses of monetary policy in a global economy. FED policy impacts financial markets first before we then experience potential (at least short run) spillover effects in the real sectors of our economy: production and sale of goods and services, accumulation of capital and economic growth, balance of trade in goods and services in international markets, domestic labor employment, etc. These effects can be positive or negative, leading to a debate regarding what the proper role of FED policy should be.
 
Course Goals/Learning Objectives
Learning objectives:
  1. Understand economic analysis, through developing the economic intuition necessary to organize concepts and facts, and draw conclusions through use of inductive and deductive logic.
  2. Evaluate current developments and financial news, using economic analysis to think critically about how to interpret current events.
  3. Use economic analysis to predict likely changes in the economy and financial system.

ECON 38000

Course Catalog
ECON 38000 Money And Banking

Description
Credit Hours: 3.00. The course analyzes the economics of money, monetary systems, investments, and financial intermediaries in modern industrial economies. Topics considered include the origin of money and the banking industry, financial asset markets, the role of central banks, and the effects of various monetary policies. The theory will be presented side by side with current economic and financial news, and the students will learn how to track financial and economic data via The Wall Street Journal. Typically offered Fall Spring Summer.
3.000 Credit hours
Levels:  Graduate, Professional, Undergraduate
Schedule Types:  Distance Learning, Lecture
Offered By:  School of Management
Department:  School of Business Admin
Course Attributes
Upper Division, S General Education
May be offered at any of the following campuses:  Northwest- Westville Northwest- Hammond West Lafayette
Learning Objectives
1. Understand economic analysis, through developing the economic intuition necessary to organize concepts and facts, and draw conclusions through use of inductive and deductive logic. 2. Evaluate current developments and financial news, using economic analysis to think critically about how to interpret current events. 3. Use economic analysis to predict likely changes in the economy and financial system.
Prerequisites
(Undergraduate level ECON 25100 Minimum Grade of C- or Undergraduate level ECON E2010 Minimum Grade of C- or Undergraduate level ECON E1030 Minimum Grade of C-) and (Undergraduate level ECON 25200 Minimum Grade of C- or Undergraduate level ECON E1040 Minimum Grade of C- or Undergraduate level ECON E2020 Minimum Grade of C-)
Other Information
Restrictions:  Must be enrolled in one of the following Majors: Accounting Advanced Accountancy Economics Honors Economics Finance General Management IM/Analytical Consulting IM/Computer Science IM/Data Analytics IM/Economics IM/Economics Honors IM/Engineering IM/Financial Engineering IM/Mgmt Info Systems IM/Manufac & Svc Operations IM/Operations Management IM/Quantitative Methods IM/Science IM/Sci, Tech, Engr & Math Industrial Management Management Marketing IM/Oper & Supply Chain Mgmt Supply Chain Info & Analytics Strategy & Organiz Mgmt Social Studies Education