Money, Financial Markets, and Economic Activity

Undergraduate Prerequisites: (QSTFE 223 previously, and QSTXP 298 previously or concurrently); or QSTSM 132 - The financial system and its functions. The role of money and the importance of interest rates in determining economic activity; determinants of level of interest rates. Operation of central banks; the goals and instruments of monetary policy. The roles, activities, and risk management of financial institutions. Instruments traded in money and capital markets, and their valuation. Role of derivative securities; systemic risk and other contemporary issues in the financial system.