This course covers the nature and functions of money. Topics include a survey of the operation and development of the banking system in the U.S. and an introduction to the monetary policy.
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Money and Banking: Lecture 1 - Money and the Economy Video Statistics
Money and Banking: Lecture 1 - Money and the Economy Reviews
Starts out with "how does money effect the economy". Lol, I'm pretty sure money and a far more intrinsic element: currency, pretty much is the fucking economy.
well I think this lecture is moral, I've learned abundant things that how to deposit money and how to use it wisely. Now i'm like in a middle school, but then I've never got this lesson. It probably should be in a elementary subjects, It insight missing from elementary apparently.
I'm 13 and I'm enjoying this!😊
They say that the size and value of a man's car is inversely proportional to the size of his manhood. That must be why Chuck Norris usually gets around on a pair of rollerskates. And a wheelbarrow.
I love this. The only thing I would mention is that I don’t think its theoretically correct, at least with the simplifying assumption of perfect competition, that producers will increase their prices. Rather inflation is the result of a growth in the money supply that outstrips the resultant gains in production which it creates. Take this example: Imagine an economy where for every unit increase in production there is a unit increase in the currency, ie one dollar increase for every one unit increase in production. Obviously, prices would never change because if one were to buy the entirety of the nations production it would require an one for one amount. Now imagine that for every unit increase in production there is a two unit increase in the money supply. Now it will cost, in dollars double the amount! This is what I believe Friedman would say about the origins of inflation.
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Woops. Monetary Theory?. 9:20sec. Lmao he does not tell the student about how are money is backed. Why is are value dollar? Fiat Currency.
Hello, many thanks for the upload. Can you please advise what are the prerequisites for this course and if there is any recommended reading list?
I appreciate the notes, great video
Don't turn away from possible futures before you're certain you don't have anything to learn from them.
Sevan El Bey
Federal Reserve Notes ARE NOT Money. Gold and Silver is Money.
Thank you professor, it's very helpful.
Money and Banking: Lecture 1 - Money and the Economy Wiki
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The main functions of money are distinguished as: a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money. Money is historically an emergent market phenomenon establishing a c... missouri, state, university, msu, missouristate, college, education, money, and, banking, eco 305,