Money and Banking
Seoul, South Korea
Area of Study
Taught In English
Course Level Recommendations
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
Recommended U.S. Semester Credits3
Recommended U.S. Quarter Units4
Hours & Credits
Course Requirements, Examinations and Grading:
Course Description: This is a course on money and basics of financial intermediation. It is assumed that students have already taken a class in principles of economics and are familiar with the basics of economic reasoning. This means you should have completed either a one-semester course in Principles of Economics or a two-semester sequence in Principles of Microeconomics and Macroeconomics. Students should NOT take this class if they are currently enrolled in Principles of Microeconomics (ISC 202) or Principles of Macroeconomics (ISC 203).
We will study the role of money and financial markets in modern market-oriented economies. We will examine the unique roles played by banks and other financial intermediaries as well as the role of organized markets for financial assets, such as the stock and bond markets. We will examine the role of the central bank or monetary authority both as a regulator and as the ultimate controller of a nation’s money supply. We will consider the potential role that monetary policy plays in economic stability and the interaction it has with exchange rate policy. A familiarity with calculus and basic statistics is an advantage in this class, but is not a hard prerequisite. Students should be familiar and comfortable with algebra.
There will be six quizzes given during the term. These quizzes will occur on the dates specified below. Each quiz will cover material covered during the previous four lectures. The best five of six quiz grades will be used to calculate the student’s final class average. If a student is unhappy with his/her final quiz average then a comprehensive final exam will be offered during the final exam week. If a student chooses to sit for the comprehensive final, the grade earned on this final will account for 100% of the final grade i.e., the quiz average must be forfeited. Student(s) opting to take the final exam must contact Professor Belton to schedule an exam time during the final exam week. The grading scale provided in the International summer campus brochure will be used to determine letter grades for this course. Students will also be required to complete weekly homework assignments that will be graded. The average grade received on the six required homework assignments can be used to substitute for the lowest of the required five quiz grades.
Courses and course hours of instruction are subject to change.