Course

Course Summary
Credit Type:
Course
ACE ID:
ABAN-0172
Organization:
American Bankers Association
Location:
Classroom-based
Length:
16 weeks (45 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Money and Banking or Banking
Description

Objective:

The course objective is to present a fundamental treatment of how money functions in the U.S. and world economies; and explain how the various types of financial institutions operate, the workings of monetary and fiscal policies, and the functions and powers of the Federal Reserve.

Learning Outcomes:

  • Describe how commercial banks 'create' money
  • Relate bank operations to the U.S. payments mechanism
  • Identify the tools of monetary and fiscal policy
  • Summarize and better interpret major trends and issues in banking
  • Compare and contrast various types of financial institutions

General Topics:

  • The financial system and the economy
  • Money and payments
  • Present value
  • The structure of interest rates
  • Real interest rates
  • Stocks and other assets
  • How banks work
  • Government's role in banking
  • Economic growth and business cycles
  • Modeling money
  • The aggregate-demand and aggregate-supply model
  • Modern macroeconomic models
  • Economic interdependence
  • The Federal Reserve System
  • Monetary control
  • Monetary policy: goals and tradeoffs
  • Rules for monetary policy
Instruction & Assessment

Instructional Strategies:

  • Computer Based Training
  • Discussion

Methods of Assessment:

  • Examinations
  • Quizzes

Minimum Passing Score:

70%
Supplemental Materials