Course Description: The objective of this course is to provide students with a thorough introduction into the operation of the financial system, the intersection between central banks and financial markets, and the importance of interest rates and money in the economy. The course is segmented into three sections that discuss financial markets, financial institutions, and role of central banks in the economy. We will explore the determination of interest rates, the pricing of financial instruments, the basic structure and operation of the banking system, as well as monetary policy and the Federal Reserve System.

Learning Outcomes:
By the end of this course you will be able to…

• Apply the concepts of macroeconomics with graphs, calculations, and equations
• Understand the role of banks and the Federal Reserve in the economy
• Analyze the impact of monetary policy

Guidelines for Success:

• Attend class regularly
• Be an active learner in class by attempting to complete applications on your own or with your group and engaging in discussions
• Complete your MyEconLab assignments in advance of the deadlines – start early even if you stop and come back to it!
• Come to office hours or seek assistance as soon as you feel you are not understanding the material
• Start studying early!Organize your notes and prep for the exams at least 10 days before the exam date
• Work on time management – you are responsible for meeting deadlines, completing homework, seeking help when you need it and balancing your other obligations. If you need help with time management, come see Prof. Keefe or check out the Office of Academic Support and Retention.