Banking & Financial Intermediaries
This course is designed to provide the student with a knowledge of banking and financial intermediaries. Concepts covered in the course will include the following: an overview of financial markets and interest rates; the functions and structure of the Federal Reserve System; the role of the Federal Reserve system in setting monetary policy; commercial banking operations and regulations; non-bank financial intermediaries, including thrift and finance companies; the role of insurance and pension fund operations. As a result of taking this course, students will understand the role that financial institutions play in developing and implementing monetary policies, as well as the inter-relationships between financial institutions and capital markets.
Prerequisites: CPST 243 or ECON 201, CPST 245 or ECON 202, STAT 103 or ISOM 241, CPST 310 or ACCT 201; Restricted to students in the School of Continuing & Professional Studies.
At the end of this course, the student will be able to 1. Describe the types of financial markets, as well as the role played by the various institutions comprising those markets. 2. Recognize the market and institutional forces that contribute to the determination of short and long -term interest rates. 3. Explain the function and structure of the Federal Reserve system, as well as the role played by the Federal Reserve in determining monetary policy. 4. Analyze the nature and function of commercial banking including the sources and uses of funds by banking operations, the regulatory environment in which commercial banks operate, and the management of banking assets to achieve desired management strategies. 5. Discuss the interrelationships among commercial banks and other financial intermediaries. 6. Identify various non-bank financial intermediaries, including thrifts, credit unions, finance companies and mutual funds and explain how these institutions interact with commercial banking operations, as well as with end consumers. 7. Examine the role that pension and insurance funds play in providing liquidity and security to consumers and businesses. 8. Discuss interrelationships among pension and insurance funds and other financial intermediaries
Prerequisites: CPST 243 or ECON 201, CPST 245 or ECON 202, STAT 103 or ISOM 241, CPST 310 or ACCT 201; Restricted to students in the School of Continuing & Professional Studies.
At the end of this course, the student will be able to 1. Describe the types of financial markets, as well as the role played by the various institutions comprising those markets. 2. Recognize the market and institutional forces that contribute to the determination of short and long -term interest rates. 3. Explain the function and structure of the Federal Reserve system, as well as the role played by the Federal Reserve in determining monetary policy. 4. Analyze the nature and function of commercial banking including the sources and uses of funds by banking operations, the regulatory environment in which commercial banks operate, and the management of banking assets to achieve desired management strategies. 5. Discuss the interrelationships among commercial banks and other financial intermediaries. 6. Identify various non-bank financial intermediaries, including thrifts, credit unions, finance companies and mutual funds and explain how these institutions interact with commercial banking operations, as well as with end consumers. 7. Examine the role that pension and insurance funds play in providing liquidity and security to consumers and businesses. 8. Discuss interrelationships among pension and insurance funds and other financial intermediaries