Money, Banking and Financial Markets

This course seeks to prepare students to better understand money, balance sheets and the particular institutions of the financial world.

This course is a survey of Money, Banking and Financial Institutions that are necessary for practical engagement in the world of finance. Topics include the role of money, the functions of the financial system, the determination of interest rates and asset returns, balance sheets, foreign exchange markets and exchange rates, the conduct and instruments of monetary policy and mechanisms of transmission of monetary policy. This course additionally explores the economics of payment systems and money market as well as the particular institutions of the Indian Economy.