Overview
Description
Nature and functions of money, functions and history of banks, Federal Reserve System; monetary, theory and policy in relation to employment, growth and price levels.
Requirements
Prerequisites
ECON 102ECON 103HON 220
Original catalog text
Prerequisites
ECON 102; ECON 103 or HON 220.
Units
Lecture3
Catalog Details
Offering
Every Fall and Spring
Terms
fall, spring
Attributes
Standard
Learning Outcomes
- interpret financial and monetary policy news, as well as Federal Reserve policy announcements.
- demonstrate understanding of the Federal Reserve system and the process followed in the determination of the Federal Funds Rate, namely the overnight rate of interest that the Federal Reserve targets.
- demonstrate understanding of the basics of commercial banking, and the canonical models used to price securities.