Undergraduate Catalog 2011-2012
UDM Academic PoliciesCourse DescriptionsList of All ProgramsFaculty


ECN 3050 Money and The Financial System
Credit HoursRecitation/Lecture HoursStudio HoursClinical HoursLab Hours

Prerequisites:
ECN 2950 (Minimum Grade of D, May not be taken concurrently)
ECN 2960 (Minimum Grade of D, May not be taken concurrently)


Introduction to international financial system, balance of payments, exchange rates and external currency markets. Course topics include: the nature and economic role of money and credit, financial intermediation and its control by monetary authority, financial markets, institutions and instruments, interest rate theory, level and term structure, yield curve strategies, control of monetary aggregates and their relationship to employment and prices, and controversies in monetary policy.
300

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