Brief Outline of Topics Covered in Lecture 1
Introduction: Why Study Money, Banking, and Financial Markets?
Why Study Money and Monetary Policy?
- Money and Business Cycles
- Money and Inflation
- Money and Interest Rates
- Conduct of Monetary Policy
- Fiscal Policy and Monetary Policy
Why Study Banking and Financial Institutions?
- What Defines Banks and Financial Institutions?
- What is Financial Intermediation?
- Direct versus Indirect Finance
- Why is Financial Intermediation Important?
Why Study Financial Markets?
- Bond Market
- Stock Market
- Foreign Exchange Market
An Overview of the Financial System
Chapter 2 What is Money?
Meaning of Money
Functions of Money
- Medium of Exchange
- Unit of Account
- Store of Value
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