MONEY AND BANKING

Prerequisites & course information

Requisites: ( ECON 101 and 102 ) or ECON 111 Course Designation: Core GenEd - Social & Behavioral Science Breadth - Social Science Level - Intermediate L&S Credit - L&S Liberal Arts and Science Repeatable for Credit: No Last Taught: Fall 2026 Learning Outcomes: 1. Explain the functions and roles of money in the modern macroeconomy. Audience: Undergraduate 2. Track the development of the Federal Reserve from its creation in the 1910s to its current position as the dominant central bank with control over the world’s reserve currency. Audience: Undergraduate 3. Evaluate the various tools of monetary policy and their impacts on inflation and unemployment in both the short run and long run. Audience: Undergraduate 4. Describe the role of regulatory agencies in financial markets as they work towards an appropriately capitalized banking system. Audience: Undergraduate 5. Define basic financial derivatives, leverage, and duration analysis and discuss their role in increasingly complex and interdependent securities markets. Audience: Undergraduate Learning Outcomes: 1. Explain the functions and roles of money in the modern macroeconomy. Audience: Undergraduate 2. Track the development of the Federal Reserve from its creation in the 1910s to its current position as the dominant central bank with control over the world’s reserve currency. Audience: Undergraduate 3. Evaluate the various tools of monetary policy and their impacts on inflation and unemployment in both the short run and long run. Audience: Undergraduate 4. Describe the role of regulatory agencies in financial markets as they work towards an appropriately capitalized banking system. Audience: Undergraduate 5. Define basic financial derivatives, leverage, and duration analysis and discuss their role in increasingly complex and interdependent securities markets. Audience: Undergraduate