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Money and Banking: The Federal Reserve System

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 describe the structure and functions of the Federal Reserve System, and discuss its independence

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

Structure of the Federal Reserve System - Origin and structure - Federal Reserve Banks - Board of Governors and the FOMC - Informal power structure - Hands-on: Identifying functions The Independence of Central Banks - Independence of foreign central banks - Federal Reserve System independence - Cases for and against independence The Federal Reserve and the Money Supply - Control of the monetary base - The monetary base - Factors affecting the money supply