Enroll Course: https://www.coursera.org/learn/money-banking
In today’s rapidly evolving financial landscape, understanding the intricacies of money and banking is more crucial than ever. The course ‘Economics of Money and Banking’ offered on Coursera, produced by the Institute for New Economic Thinking, provides a comprehensive exploration of the modern monetary system, its evolution, and the analytical frameworks necessary to navigate it.
### Course Overview
The course begins with an introduction to the monetary system, emphasizing its role as the backbone of a decentralized market economy. The initial lectures set the stage for a deeper understanding of the balance sheet approach to monetary economics, a key analytical tool that students will utilize throughout the course. This foundational knowledge is essential as it allows learners to grasp complex concepts in later modules.
### Key Modules
The course is structured into several modules, each building on the last:
1. **Banking as a Clearing System**: This section delves into the payments system, illustrating how banks manage daily settlement constraints and the importance of various money markets, especially in the wake of the 2008 financial crisis.
2. **Banking as Market Making**: Here, students learn about market liquidity and the role of banks as dealers in money, particularly during financial crises when central banks step in as the dealer of last resort.
3. **International Money and Banking**: This module expands the discussion to the global stage, examining how exchange rates are determined and the complexities of multiple national currencies.
4. **Banking as Advance Clearing**: Students explore capital markets and how the price of risk is determined in dealer markets, focusing on swaps and other financial instruments.
5. **Money in the Real World**: The final module synthesizes all previous content, applying the money view to real-world scenarios, including shadow banking and its implications for the global economy.
### Assessments
The course includes a midterm and final exam, allowing students to assess their understanding of the material. The review lectures and student Q&A sessions provide additional support, ensuring that learners can engage deeply with the content.
### Conclusion
Overall, ‘Economics of Money and Banking’ is an enlightening course that challenges traditional economic thinking and equips students with the tools to analyze the modern financial system critically. Whether you’re a student of economics, a finance professional, or simply someone interested in understanding the complexities of money, this course is highly recommended. It not only provides theoretical knowledge but also practical insights that can be applied to real-world problems.
### Tags
1. Economics
2. Money
3. Banking
4. Financial Crisis
5. Monetary System
6. Coursera
7. Online Learning
8. Economic Theory
9. Financial Markets
10. International Finance
### Topic
Understanding Modern Monetary Systems
Enroll Course: https://www.coursera.org/learn/money-banking