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Home > France > Paris > Programs > Program Overview > Course Requirements > Course Description
Economics 324: Money and Banking
The American Business School in Paris
Paris, France
Subject Area(s) |
Level(s) |
Instruction in |
Credits |
Contact Hours |
Prerequisites |
Economics
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300
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English
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3
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45
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ECO 110, ECO 120, ACC 110, 120, FIN 210, 220 or equivalents
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COURSE DESCRIPTION:
In this course, the student will acquire an understanding of the basis
for monetary systems and the role played by banks in the creation and
circulation of money. As this is a topic which is under constant
evolution, current events in the financial world will be used to
illustrate the various issues facing the banking industry in both a
domestic and international context. Topics will include
disintermediation, the origins and functions of the Federal Reserve
System, central bank and EC controls, money-laundering regulations and
the role of the global banking industry in LDCs.
INSTRUCTIONAL METHODOLOGY: The course consists of class lectures and individual/group presentations on various assignments.
In class are covered: - Introduction: History of money and the origin of banks - Basic financial institutions, role of central banks - Federal Reserve System - Development of monetary theory; financial NGOs - Payment Systems: Domestic and International - Interest Rates; FX markets - Deposits/Reserves; lending activities - Reading a bank's financial statements - Bank failures: causes and effects - Financial markets: stocks, bonds, futures, options - Use and misuse of derivative instruments
TEXT: The Economics of Money, Banking, and Financial Markets, Mishkin, Pearson, 8th edition, 2008
EVALUATION: The
final grade will be made up of class participation (10%),
individual/group cases and project (20%), a mid-term test (25%), and
the final examination (45%).
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