Cecchetti & Schoenholtz’s Money, Banking, and Financial Markets, (5^th). McGraw-Hill: 2017. WITH Connect Access

Connect Access is required.  Connect is an online program that will have assignments and information for this course. You are not required to have a physical copy of the book. Connect access comes with an electronic copy of the book. However, if you like to have a physical copy, you can purchase that.

      -Ebook and Connect Access ISBN: 978-1-259-92724-9

      -Hard Cover Copy of book and Connect Access ISBN: 978-1-260-04480-5

Some other helpful hints:

• Instructor will provide an address to sign up for the Connect Class Access on the first day the course opens. See Resources and Materials when available.
  
• There is a free 2-week trial for Connect Access, so you should be able to have access the first day of the course.
• If you want to buy a physical copy of the book, there are options such as rentals, used books, loose-leaf, that may be less expensive.
• Make sure you purchase a new Connect Access card. Connect Access cannot be reused.

A subscription to The Wall Street Journal is recommended. Student subscriptions are available at a modest price.

Examination of the role of money, financial markets, and financial intermediation in the American economy, with a particular focus on commercial banks.  Includes an in-depth look at the money supply process and the Federal Reserve System.  Prerequisites: EC201 and EC202.

The focus of this course is the American banking system and the different functions that it performs in the economy. We will look at two of these functions: financial intermediation and money creation. Financial intermediation involves the shifting of control over a society’s resources from people who currently have more income than they want to spend (savers or lenders) to people who want to spend more than they currently have (borrowers). Although banks are only one component of this process, the role that they play in it is a crucial one. The banking system also plays a key part in the process of money creation. We will develop a detailed model of the money supply process and consider how complications in the process affect the ability of the Fed to control the money supply. We will also take a careful look at the Fed’s tools of monetary policy.