The purpose of this course is to give a good understanding of international financial markets. We will cover basic theories of the operations of modern monetary systems; interest rate behavior; financial intermediation and central banking; methods and objectives of monetary and regulatory policy. In particular, the following topics will be highlighted: (i) the determination of interest rates, (ii) the functions and operation of financial intermediaries, and (iii) the functions and goals of central banks.

Upon successful completion of the course, the student should be able to display an understanding of news and articles relating to monetary policy issues. Students will also become familiarized with the structure and function of commercial banks, Central banks, and other financial institutions such as the Stock Exchange.

Further, students are expected to master techniques relating to interest rate calculations, exchange rate determinations, and appropriate levels of the Money Supply. This course should be a step in developing students’ abilities to work in the financial or banking sector, along with giving all students an increased appreciation of how the economy works.