4.7
stars
40 ratings

Ralf Meisenzahl

6,526 already enrolled

Offered By

Part of the Master of Science in Accountancy (iMSA) degree
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Central Banks and Monetary Policy

University of Illinois at Urbana-Champaign

About this Course

87,802 recent views

The purpose of this course is to provide you with an understanding of central bank policies and how such policies affect financial markets and the economy. The main aim of this course is to provide you with insights about the macroeconomic relationships between interest rates, inflation, and unemployment that allow you to assess central bank actions and appreciate how this action will affect the economy. The ability to extract relevant information from financial market and economic data about the macroeconomic environment and central bank actions is an important skill that will be useful for your decision-marking in your professional career and your personal financial choices.

Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Approx. 17 hours to complete

English

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Flexible deadlines

Reset deadlines in accordance to your schedule.

Shareable Certificate

Earn a Certificate upon completion

100% online

Start instantly and learn at your own schedule.

Approx. 17 hours to complete

English

Could your company benefit from training employees on in-demand skills?

Try Coursera for Business

Instructor

Instructor rating

4.68/5 (21 Ratings)

Ralf Meisenzahl

Adjunct Professor of Finance

Gies College of Business

6,526 Learners

1 Course

Offered by

University of Illinois at Urbana-Champaign

Start working towards your Master's degree

This course is part of the 100% online Master of Science in Accountancy (iMSA) from University of Illinois at Urbana-Champaign. If you are admitted to the full program, your courses count towards your degree learning.

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Syllabus - What you will learn from this course

Week1

Week 1

1 hour to complete

Course Orientation

1 hour to complete

2 videos (Total 4 min), 5 readings, 1 quiz

3 hours to complete

Module 1: Interest Rates

3 hours to complete

9 videos (Total 68 min), 1 reading, 4 quizzes

9 videos

Module 1 Overview5mThe Market for Federal Funds7mThe Repo Market9mShort-term Interest Rates6mNominal and Real Interest Rates7mTreasury Securities and Their Importance8mTerm Structure of Interest Rates8mMoney Market Mutual Funds7mSecuritization7m

1 reading

Module 1 Overview10m

4 practice exercises

Lesson 1-1 Practice Quiz30mLesson 1-2 Practice Quiz30mLesson 1-3 Practice Quiz30mInterest Rates Graded Quiz30m

Week2

Week 2

5 hours to complete

Module 2: The Federal Reserve

5 hours to complete

10 videos (Total 85 min), 1 reading, 5 quizzes

10 videos

Module 2 Overview6mHistory and Structure of the Federal Reserve8mFive Key Function of the Federal Reserve System8m Money Supply7m Federal Reserve's Balance Sheet7mOpen Market Operations8mThe Discount Window8mForward Guidance11mLarge-Scale Asset Purchases8m The Overnight Reverse Repurchase Agreement Facility9m

1 reading

Module 2 Overview10m

4 practice exercises

Lesson 2-1 Practice Quiz30mLesson 2-2 Practice Quiz30mLesson 2-3 Practice Quiz30mThe Federal Reserve Graded Quiz30m

Week3

Week 3

4 hours to complete

Module 3: Monetary Policy and the Real Economy

4 hours to complete

10 videos (Total 91 min), 1 reading, 4 quizzes

10 videos

Module 3 Overview4mThe Natural Rate of Unemployment and Okun’s Law9m Phillips Curve10mDiscretionary and Rule-Based Monetary Policy11mThe Taylor Rule9mHow Do Changes in Monetary Policy Affect the Economy? 10mThe Bank Lending Channel8mThe Balance Sheet and Refinancing Channels of Monetary Policy7m Supply Shock: Stagflation8mJobless Recovery and Consequences of Accommodative Monetary Policy10m

1 reading

Module 3 Overview10m

4 practice exercises

Lesson 3-1 Practice Quiz30mLesson 3-2 Practice Quiz30mLesson 3-3 Practice Quiz30mMonetary Policy and the Real Economy Graded Quiz30m

Week4

Week 4

5 hours to complete

Module 4: Financial Crises

5 hours to complete

10 videos (Total 108 min), 3 readings, 4 quizzes

10 videos

Module 4 Overview3mBank Runs and the Panic of 190713mThe Great Depression12m An International Perspective of Financial Crises13mAuto Loans During the 2008 Financial Crisis9m Credit Booms and Busts12mLiquidity Provision of the Federal Reserve's Response to the 2008 Financial Crisis13mLiquidity Provision of the Federal Reserve's Response to the Covid-19 Pandemic15mFiscal Responses to Financial Crises11mGies Online Programs3m

3 readings

Module 4 Overview10mCongratulations!10mGet Your Course Certificate10m

4 practice exercises

Lesson 4-1 Practice Quiz30mLesson 4-2 Practice Quiz30mLesson 4-3 Practice Quiz30mFinancial Crises Graded Quiz30m

Reviews

4.7

12 reviews

5 stars
75%
4 stars
22.50%
1 star
2.50%

TOP REVIEWS FROM CENTRAL BANKS AND MONETARY POLICY

by AMSep 29, 2022

It was great to learn these things playing roles at the back end.

by TAMay 27, 2022

The lecture is very informative. However, I would suggest the relevant party prepare a concise note for the learners as a guide in keeping track of the lecture.

by CAug 21, 2022

The course were well structure. I learn a lot from the course and I just want to appreciate the teachers and the organizer s of this course on this platform.

by TIJun 26, 2022

Very informative, interesing and well worth the money and time to complete it.

View all reviews

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What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
Is financial aid available?
Yes. In select learning programs, you can apply for financial aid or a scholarship if you can’t afford the enrollment fee. If fin aid or scholarship is available for your learning program selection, you’ll find a link to apply on the description page.

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Central Banks and Monetary Policy

Central Banks and Monetary Policy

About this Course