Central Michigan University College of Business Administration
MASTER COURSE SYLLABUS
Money and Banking
3(3-0) F, Sp
The nature of money and credit; history, structure, and functions of banking institutions,
with emphasis upon Federal Reserve System and questions of appropriate public policy.
ECO 201 or 204 ; ECO 202 or 203
Rationale for Course Level:
This course uses the economic theory learned in the
principles courses to analyze and evaluate financial markets, institutions and problems.
The analytical rigor and institutional detail suggest a junior standing is appropriate.
Textbooks and Other Material to be Furnished by the Student
The Economics of Money, Banking, and Financial Markets, 8th edition, Frederic S.
Mishkin. Addison Wesley,2007
Special Requirements of the Course:
General Methodology Used in Conducting the Course
Lecture and class discussion. May vary with instructor.
Goals: To provide students with:
1. an understanding of the role of money in the economy.
2. analytical skills to identify the effects of monetary policy and to make predictions for
key variables in financial markets (e.g. interest rates, prices, exchanges rates).
3. an understanding of the role of financial intermediaries and their regulation in the