Economics of Banking and Financial Markets

This course is designed to provide you with a thorough understanding of the importance of money, banking, and financial markets of a developed and developing economy.  Money, financial institutions, and financial markets have emerged as instruments of payments for the services of factors of production, such as labor and capital.  When markets expand and develop on a national and international level, the importance of money, banking, and other financial markets expands to accommodate innumerable exchanges.  The course aims at providing students with the means to analyze money, institutions, instruments and strategies assisting production, distribution, and consumption.  This course will also help students to understand important concepts in economics ranging from interest rates and central banking and monetary policy to stocks, bonds, and foreign exchange. This is unit, however, is not designed to further the technical expertise in the instruments used in financial markets.