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Learner Reviews & Feedback for Economics of Money and Banking by Columbia University

4.9
stars
1,611 ratings

About the Course

The last three or four decades have seen a remarkable evolution in the institutions that comprise the modern monetary system. The financial crisis of 2007-2009 is a wakeup call that we need a similar evolution in the analytical apparatus and theories that we use to understand that system. Produced and sponsored by the Institute for New Economic Thinking, this course is an attempt to begin the process of new economic thinking by reviving and updating some forgotten traditions in monetary thought that have become newly relevant. Three features of the new system are central. Most important, the intertwining of previously separate capital markets and money markets has produced a system with new dynamics as well as new vulnerabilities. The financial crisis revealed those vulnerabilities for all to see. The result was two years of desperate innovation by central banking authorities as they tried first this, and then that, in an effort to stem the collapse. Second, the global character of the crisis has revealed the global character of the system, which is something new in postwar history but not at all new from a longer time perspective. Central bank cooperation was key to stemming the collapse, and the details of that cooperation hint at the outlines of an emerging new international monetary order. Third, absolutely central to the crisis was the operation of key derivative contracts, most importantly credit default swaps and foreign exchange swaps. Modern money cannot be understood separately from modern finance, nor can modern monetary theory be constructed separately from modern financial theory. That's the reason this course places dealers, in both capital markets and money markets, at the very center of the picture, as profit-seeking suppliers of market liquidity to the new system of market-based credit....

Top reviews

BG

Jul 16, 2017

An intellectually engaging course opening a debate about how we think about markets and how we should tackle the current challenges. Accessible to non-economists. I warmly recommend it to everyone.

PK

May 28, 2020

The "Economics of Money and Banking" course provided an inspiring look on the modern international finance system. Definitely, recommending it for both newcomers and already experienced students.

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101 - 125 of 424 Reviews for Economics of Money and Banking

By Panayiotis A

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Sep 6, 2020

Difficult course for an individual like me with no academic background in Economics. My understanding now of the field and some its major terms has advanced. Utterly an enlightening month full of learning!

By Petar K

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May 29, 2020

The "Economics of Money and Banking" course provided an inspiring look on the modern international finance system. Definitely, recommending it for both newcomers and already experienced students.

By Xavier Z P

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Jun 13, 2022

Great course on baking and the nature of money. It was very useful to understand some aspects of modern finance as well as to get a good insight into the banking system. 100% recommended!

By Prabin D

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Jul 25, 2023

been a very great experience all the content and knowledge were worth it it really tells you about how a bank and the economics of banking relations with a country and its economy work

By Fransen S R S

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Oct 23, 2022

Both task question and material content are excellent, teaching methods are perceivable and likely learning in class. in conclusion, it was very highly recommended for anyone else.

By Sonia L S

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Jan 16, 2021

Great Course! It even exceeded my high expectations! Instructor's explanations very interesting and well presented. I would definitely follow more courses lead by P. Mehrling.

By Dan Z

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Jul 13, 2019

This was an excellent course. I really enjoyed the way it was delivered and the was the Prof explained the concept. He is extremely knowledgeable and communicates very well.

By Perikli P

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Dec 4, 2016

Prof. Mehrling's ability to explain such complex items is just amazing. His passion in teaching as well as his neutrality are really thrilling. Thank you very much Professor.

By Mr. V T H

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Nov 21, 2023

This course is something priceless. Best course about money and banking in internet. The tutor was great. There is not a word to describe the perfectness of this course.

By karey d

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Jul 27, 2020

Very helpful course. Professor is very knowledgable in the field and way of teaching is easy to follow. Help to understand the modern money system and capital market.

By Morgan M

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May 19, 2020

This course is definitely not for everybody; then the insights are crucial to understand the current economic and financial situation amid the COVID 19 induced crisis

By Udit P

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Aug 15, 2017

Probably the best course I've ever taken! The money view approach is very unique in itself. Professor Mehrling's old school way of teaching is very refreshing indeed!

By Alexandra F

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Oct 8, 2020

Perry Mehrling is an amazing teacher and his course is so interesting and detailed! It was a great way to spend the summer in a time like this. Highly recommended.

By Priyam o

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May 25, 2018

Best course if you want to study about the mechanism of banking system and flow of money from the top.And the prof is one of the best prof from whom i have studied

By Paulo B

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Feb 24, 2021

Professor Perry is brilliant and explains very well. This course is great and opens your mind to a different perspective of how money and financial systems work.

By Yannick D

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Jan 10, 2024

This is a great course on money and a different perspective on the concept of money outside what we learn in economics and finance classes. A great teacher too!

By Uros K

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Apr 6, 2021

Loved the course material but it is not beginner-friendly entirely, well suited for people interested in finance and additional research outside of the course.

By Gudmundur O

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Jan 12, 2018

Great presentation of Money and Banking.

Perry's introduction of a complex systems are very well delivered in simple peaces that all come together at the end.

By Jeferson J

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Dec 25, 2020

Fantástico material e bem didático. Recomendo a todos que buscam uma base para o mercado financeiro e entender o valor do dinheiro e instituicoes bancárias.

By A W

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Sep 20, 2020

It's a good quality course with a great lecturer. The feedback in the test is not helpful though. Feedback such as "Nope" for a wrong answer is not helpful.

By Meet S

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Aug 31, 2020

Very relevant considering the enormous impact the FED and other central banks are having by infusing unprecedented amount of liquidity into their economies.

By daniel m

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Mar 2, 2021

A very interesting course for those who want to learn more about economics from a different perspective and the implications of money, banking and finance.

By rohit r

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Nov 2, 2016

As far as I have come, the course is depth driven having real life applications than most of the other courses I have come across and completed. Thank you.

By Stefan P

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Jul 24, 2020

Truly inspirational and Prof. Mehrling is unquestionably one of the brightest minds of this generation. He teaches in a very vivid and comprehensible way.

By Gergely S

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Jul 31, 2022

Absolutely brilliant, prefect narrative, fantastic view on how things work in practice. Fantastic list of referenes, readings. Cannot recommend enough.