FIN 625 - Financial Institutions, Money and the Economy
Credits: Three (3)
This course helps students understand the functions of money and the financial system in the economy. It examines the functions and main products and services of the major types of financial institutions, and how they manage their business risks. Students will analyze the operations of and the issues faced by commercial banks, thrifts, insurance companies, mutual funds, pension funds, finance companies, venture capital firms, investment banks, and brokerage firms.
Students will review the applications of the time-value-of-money concept and analyze the behavior of interest rates. They will study the economics of money supply, the banking system, and monetary policy. Students will learn the basics of central banking and the Federal Reserve System. After taking this course, students will understand the workings of the financial system and the goals and limitations of monetary policy; they will have a more-informed perspective on the various issues surrounding money, finance, and government policies related to money and banking.