FINC303

This course provides an analysis and discussion of central banking, the financial markets and the various intermediaries which constitute the financial services industry. Our perspective is both macro- and micro-financial, covering topics such as: 1) the development of central banking; 2) the impact of monetary policy on interest rates; 3) the relationship between interest rates and bond prices; 4) the purpose and uniqueness of the various financial markets; 5) the historical development, importance and operating behavior of the specific institutions that comprise the financial system; and 6) how regulation and financial innovation have influenced the evolution of the system.