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Lecture 1: Introduction. Key Initial Concepts: Nominal GDP; Real GDP; GDP Deflator (i.e. Nominal/Real); Calculating Growth. Financial System Includes: Markets and Instruments traded in them. Individuals and institutions trading in the markets. Regulators and supervisors.
Introduction to Money and Banking. In this chapter, you will learn about: Defining Money by Its Functions. Measuring Money: Currency, M1, and M2. The Role of Banks. How Banks Create Money. The discussion of money and banking is a central component in the study of macroeconomics.
Chapter Objectives. In this chapter, you will learn about: Defining Money by Its Functions. Measuring Money: Currency, M1, and M2. The Role of Banks. How Banks Create Money. Bring It Home. The Many Disguises of Money: From Cowries to Crypto.
A textbook that covers the basics of money, banking, finance, and monetary policy with a focus on the recent financial crisis and its implications. The book is available in PDF format and has 26 chapters, ancillary materials, and reviews.
Starts Oct 16. Explore the evolution of the modern monetary system and its vulnerabilities through Columbia's course on Economics of Money and Banking. Understand the global crisis, central bank cooperation, and the role of derivative contracts in shaping today's financial landscape.
Money easily facilitates the exchange of goods as no double co-incidence of wants is necessary. Money provides a means of ascribing value to different goods and services. Knowing the price of a good in terms of money allows both consumers and producers to make decisions in their best interests.
17 lip 2023 · This chapter discusses what economists mean by money, and how money is closely interrelated with the banking system. Monetary Policy and Bank Regulation furthers this discussion.
