Money and Banking: Lecture 1 - Money and the Economy

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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.

Learn more about Missouri State iCourses at outreach.missouristate.edu/icourses.htm

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Emancipated Host
Emancipated Host
10 March 2019

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.

Dustin Kim
Dustin Kim
07 January 2019

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.

Macie Ray
Macie Ray
27 December 2018

I'm 13 and I'm enjoying this!😊

Chuck Norris
Chuck Norris
5 star

When refueling his Hummer at the gas station Chuck Norris likes to smoke big fat cigars and stare at the attendant.

Robert Remuszka
Robert Remuszka
09 November 2018

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.

Genya Lyons
Genya Lyons
21 February 2018

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.

untwerf
Untwerf
08 May 2017

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?

Channell Woods
Channell Woods
29 March 2017

I appreciate the notes, great video

Wayne Dyer
Wayne Dyer
5 star

You'll see it when you believe it.

Sevan El Bey
Sevan El Bey
14 February 2017

Federal Reserve Notes ARE NOT Money. Gold and Silver is Money.

Ssam
Ssam
16 December 2016

Thank you professor, it's very helpful.

Money and Banking: Lecture 1 - Money and the Economy Wiki

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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,

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Video Data

  • Duration27:45
  • Date01 February 2013
  • ChannelMissouri State University
  • Video QualitySD

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