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
We will study money, non-monetary assets, financial institutions and monetary policy with a little emphasis on Korean financial institutions and monetary policy and a little emphasis on US financial institutions and monetary policy (since I studied in the US and because the US and Korean financial systems affect each other). We will consider the role of money, interest rates, and bonds in the economy. We will also study how banks operate and how and why they are regulated. Finally, we will study central banks, monetary policy and their effects on production, employment, and inflation. The course is a mix of theory and applications of theory to real policies and issues. The theory is
intended to give you a methodical way to think about important issues in economics (and in real life) and to simplify them so that they are more comprehensible.
At the end of this course, good students will be able
• to understand how the financial system operates
• to define money and to understand its use
• to calculate yield rates on bonds and return rates on assets in general
• to explain the traditional activities of banks and how they are recorded on a balance sheet
• to understand various non-traditional financial activities that modern banks sometimes use
• to understand how the payment settlement system works
• to understand the types of risks that banks and other financial institutions face
• to explain important banking regulations
• to explain how central banks function
• to predict how monetary policy influences inflation, production, and employment
Advice on studying
Create your notebook: print the lecture notes before the lecture and write on them during lecture. You will get more value out of your tuition dollars if you read the assigned material before it is covered in class. Treat academics as you might athletics: pace yourself throughout the semester, rather than cram before exams. Try to stay healthy and maintain a healthy sleep regimen: the course will be much more enjoyable and you will probably learn more.
Courses and course hours of instruction are subject to change.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.