Enroll Course: https://www.coursera.org/learn/money-banking

Introduction

The world of finance is intricate and ever-evolving, but the ‘Economics of Money and Banking’ course on Coursera offers a robust foundation for anyone looking to understand this complex landscape. Created by the Institute for New Economic Thinking, this course challenges conventional wisdom and revisits essential economic theories relevant to today’s financial systems.

Course Overview

Sweeping through decades of economic evolution, the course tackles the impact of the 2007-2009 financial crisis: a pivotal moment that exposed cracks in the existing analytical frameworks. This course encourages students to think critically and seek innovative solutions to real-world economic issues.

Syllabus Breakdown

The course is thoughtfully divided into modules, each focusing on essential themes:

• Introduction: Paints the monetary system as the backbone of a decentralized economy.
• Banking as a Clearing System: Examines the roles of banks within payment systems and introduces the balance sheet approach to economic analysis.
• Market Making: Looks at how banks influence market liquidity and the critical function they serve during financial crises.
• International Money and Banking: Explores the dynamics of international monetary systems and how banks operate across borders.
• Banking as Advance Clearing: Discusses pricing of risk in capital markets through dealers and the implications for financial stability.
• Money in the Real World: Synthesizes course concepts into a cohesive understanding of modern banking and shadow banking systems.

Learning Experience

The course employs a mix of lectures, readings, and examinations. The lectures are engaging and thought-provoking, designed to stretch students’ thinking. The midterm and final exams not only assess knowledge but also encourage reflection on the learning journey.

Why You Should Enroll

If you are seeking a deeper understanding of monetary systems or looking to reshape your economic thinking, this course is an invaluable resource. The emphasis on real-world applications, particularly through the lens of past economic crises, ensures that learners are not just absorbing theory but are also equipped to apply it in practice.

Conclusion

The ‘Economics of Money and Banking’ course on Coursera is more than just an educational endeavor; it’s an invitation to rethink how we view money, banking, and financial crises. With its rich content and insightful perspectives, it is highly recommended for anyone eager to make sense of the complexities of the modern economic landscape.

Enroll Course: https://www.coursera.org/learn/money-banking