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ECO 3340 Money, Banking, and Financial Markets

Emphasis on financial markets and institutions. The foundations of interest rates in the principles of discounting and the role of interest rates in the temporal allocation of goods, services and productive resources. Money, asset markets and interest rate determination. The risk and term structure of interest rates. The structure and performance of financial markets, including the economics of asymmetric information, financial regulation, the risk-return trade off, derivatives and Efficient Capital Market theory. Exchange rate determination and international finance. The economics of fractional reserve banking and the money supply process. Central banking and the goals and targets of monetary policy. 

Credits

3

Prerequisite

ECO 1311 or consent of instructor.

Offered

Fall