This course introduces students to money, banking, and financial markets in the US. We will discuss topics including the functions of money, the monetary system, bank management, and structure of the US financial market. We will explore the determinants and behavior of interest rates on bond market and factors that impact asset prices on stock market. We will discuss the role of the Federal Reserves as the Central Bank of the United States. To enhance the acquaintance of materials throughout the course, students will read carefully, complete regular quizzes, problem sets, data assignments, group work presentation, tests, and final exam.
Required textbook: Economics of Money, Banking and Financial Markets, 13th edition, by Frederic Mishkin, ISBN 9780136894353
Supplementary text (Optional): Principles of Economics, 10th edition, by Gregory N. Mankiw, ISBN 978-0-357-722718 (paperback), 978-0-357-722848 (e-book)