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ECON 3210 Monetary theory and Policy

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ECON 3210 Monetary theory and Policy:

The course module helps the students in assessing the hierarchy and purpose of the American banking system, the Federal Reserve System, and the purpose of monetary policy in the ordinance of the national economy.

After the successful completion of the program the learning outcomes for the students include:

1. Comprehend the growth of money as a medium of trade, a reserve of value, and a unit of measurement as societies and economies have developed.

2. Enunciate the various needs for different types of money.

3. Interpret the chronology of central banking in the U.S. economy.

4. Illustrate the function of the Federal Reserve System in tenures of both the qualitative and quantitative consequences it has on the economy.

5. Characterize the function of the coordination of central banks in the international banking system.

6. Convey the discrepancy between the various concepts of economic policy.

7. Review the emergence of the Federal Reserve as a crucial factor of short and long-term monetary policy.

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