Economics of Money and Banking Course Syllabus
Full curriculum breakdown — modules, lessons, estimated time, and outcomes.
Overview (80-120 words) describing structure and time commitment.
Module 1: Introduction to the Monetary System
Estimated time: 32 hours
- Foundations of modern monetary theory
- Evolution of the financial system
- Roles of banks, central banks, and shadow banks
- Structure of the contemporary monetary system
Module 2: Money and Its Functions
Estimated time: 32 hours
- Different forms of money: currency and bank deposits
- Digital money and its economic role
- Functions of money in modern economies
- Money hierarchy and its implications
Module 3: Banking as a Clearing System
Estimated time: 32 hours
- Banks as intermediaries between borrowers and lenders
- Clearing and settlement mechanisms
- Liquidity management in banking operations
- Interbank payment systems
Module 4: Financial Markets and Liquidity
Estimated time: 32 hours
- Operation of financial markets
- Concept of market liquidity
- Role of dealers in absorbing supply-demand imbalances
- Dealer behavior and market stability
Module 5: Financial Crises and Policy Innovations
Estimated time: 32 hours
- Causes and consequences of financial crises
- Impact on global economic systems
- Monetary policy responses and innovations
- Regulatory changes post-crisis
Module 6: Final Project
Estimated time: 32 hours
- Identify a current issue in money and banking
- Apply course concepts to analyze the issue
- Develop a policy proposal for resolution
Prerequisites
- Basic understanding of economics
- Familiarity with financial terminology
- Interest in finance or monetary policy
What You'll Be Able to Do After
- Explain the structure and function of the modern monetary system
- Distinguish between different forms and hierarchies of money
- Analyze the role of banks and dealers in financial stability
- Understand the causes and policy responses to financial crises
- Develop informed policy recommendations on banking issues