Economics of Money and Banking: Part 2
School: Barnard College (Columbia University)
Platform: Columbia University
Start Date: July 8, 2014 (7 Weeks)
Workload: 5-7 Hours Per Week
Instructor: Perry G. Mehrling
Credentials: Professor Mehrling teaches economics courses on money, banking, financial history, and the state of U.S. health and education systems at Columbia University’s Barnard College. He holds a Ph.D. from Harvard and oversees education programs for the Institute of New Economic Thinking at Columbia. He is a regular source for outlets like Bloomberg and The Financial Times.
Graded: Students will receive a Statement of Accomplishment for successfully completing the course.
Description: The second half of Mehrling’s Economics of Money and Banking course, this section focuses on the foreign exchange and capital markets. During these seven weeks, students will study foreign currencies, the relationships between money markets and foreign governments, global liquidity, interest rate swaps, credit derivatives, central banking, and global finance. The course is based on Mehrling’s videotaped lectures at Barnard, along with embedded quizzes and slide videos.
Review: “I have no real experience with economics, but Dr. Mehrling’s excellent lectures, lecture notes and presentation skills made this, along with Part One, among the best courses available online. Original ideas and clear explanations only made me want more of the same. Here’s my vote asking Dr, Mehrling to for a Part Three.” For additional reviews, click here.
Additional Notes: At Barnard, Intermediate Microeconomics and Intermediate Macroeconomics are prerequisites for this course, though they are not required here. To examine the course concepts in greater depth, Mehrling suggests students purchase his book, The New Lombard Street, How the Fed Became the Dealer of Last Resort. The first half of this course, which covered payment systems and money markets, is accessible here. Please note that the first week of the course reviews the content covered in part one, making it easier for students who join for part two.