An economist and award-winning professor leads you in a panoramic exploration of our monetary and financial systems, their inner workings, and their crucial role and presence in your world.
Overview
Syllabus
- By This Professor
- 01: The Importance of Money
- 02: Money as a Social Contract
- 03: How Is Money Created?
- 04: Monetary History of the United States
- 05: Local Currencies and Nonstandard Banks
- 06: How Inflation Erodes the Value of Money
- 07: Hyperinflation Is the Repudiation of Money
- 08: Saving-The Source of Funds for Investment
- 09: The Real Rate of Interest
- 10: Financial Intermediaries
- 11: Commercial Banks
- 12: Central Banks
- 13: Present Value
- 14: Probability, Expected Value, and Uncertainty
- 15: Risk and Risk Aversion
- 16: An Introduction to Bond Markets
- 17: Bond Prices and Yields
- 18: How Economic Forces Affect Interest Rates
- 19: Why Interest Rates Move Together
- 20: The Term Structure of Interest Rates
- 21: Introduction to the Stock Market
- 22: Stock Price Fundamentals
- 23: Stock Market Bubbles and Irrational Exuberance
- 24: Derivative Securities
- 25: Asymmetric Information
- 26: Regulation of Financial Firms
- 27: Subprime Mortgage Crisis and Reregulation
- 28: Interest Rate Policy at the Fed and ECB
- 29: The Objectives of Monetary Policy
- 30: Should Central Banks Follow a Policy Rule?
- 31: Extraordinary Tools for Extraordinary Times
- 32: Central Bank Independence
- 33: The Foreign Exchange Value of the Dollar
- 34: Exchange Rates and International Banking
- 35: Monetary Policy Coordination
- 36: Challenges for the Future
Taught by
Michael K. Salemi
