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Money and Banking: Monetary Policy

Course Status:	Released	Courseware Features
Course Language:	English
Course Duration:	4 Hours
Deployment Options:	Online, Interactive CDs, Network, Downloads, Intranet

Audience

Business students and employees seeking a broad understanding of the development and operation of American financial institutions

Prerequisites

An understanding of basic economics

Course Aim

To introduce the tools, goals, and targets of monetary policy and to outline the history of the Federal Reserve System's monetary policy

Learning Objectives

Describe the origins and structure of the Federal Reserve System. Discuss the functions of the Federal Reserve banks. Describe the role of the Board of Governors and the Federal Open Market Committee (FOMC) in the Federal Reserve System. Discuss the informal power structure in the Federal Reserve System.

Topics Covered

Tools of Monetary Policy - Open market operations - Discount policy - Reserve requirements Goals and Targets of Monetary Policy - Goals of monetary policy - Targets of monetary policy - International monetary policies The History of U.S. Monetary Policy - Early monetary policy - Monetary policy from 1942 through 1979 - Monetary policy after 1979 - Hands-on: Identifying monetary policy