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Nov 27, 2024
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ECO 431 - Money and Banking Money and economic activity: money and capital markets; monetary, income theory; central banking; elements of international finance; public policy issues. Prerequisite: ECO 300. Fulfills: LASR. (3 cr. hr.) Frequency code C = offered at least once every two years
Student Learning Outcomes Upon successful completion of this course, students will be able to:
- Explain the role and the benefits of financial intermediaries.
- Discuss the tools of monetary policy, in particular the nature, determination and role of interest rates.
- Explain the history and structure of the Federal Reserve Bank and compare it to other central banks.
- Delineate the types of financial assets available and discuss briefly the principles that guide their selection as part of a portfolio of assets.
- Articulate the issues related to other countries' monetary policy and financial markets.
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