COURSE DETAIL
This course examines how financial markets and institutions work (and sometimes, do not work), and the role they play in the economy. Course readings will cover economic theories of money, banking, and financial markets. Students will deepen their understanding of financial markets and financial institutions and develop their ability to debate and argue by applying their knowledge to analysis of case studies and other real-world events.
By the end of this course, students will be able to clearly, articulately express their opinions on the following issues:
1) What are financial markets and why do we need them?
2) What are financial institutions (a.k.a. “banks”)? Why do we need banks?
3) What causes financial crises and what are some of the patterns that emerge when financial markets and institutions don’t work as intended?
4) What policies can be taken to help financial markets and institutions work better?
Prerequisite: ECO101 Principles of Macroeconomics or equivalent knowledge is a prerequisite, as knowledge of macroeconomic fundamentals is required.