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Central Banks and Monetary Policy

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Central Banks and Monetary Policy

This course is part of Managerial Economics and Business Analysis Specialization

Instructor: Ralf Meisenzahl

18,561 already enrolled

Included with

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4 modules

Gain insight into a topic and learn the fundamentals.

119 reviews

Intermediate level

Some related experience required

Flexible schedule

2 weeks at 10 hours a week

Learn at your own pace

Build toward a degree

Learn more

4 modules

Gain insight into a topic and learn the fundamentals.

119 reviews

Intermediate level

Some related experience required

Flexible schedule

2 weeks at 10 hours a week

Learn at your own pace

Build toward a degree

Learn more

What you'll learn

Describe and understand the functioning of the key money markets.
Describe the main policy objectives of central banks.
Examine how, by controlling interest rates, monetary policy influences inflation and unemployment.
Describe how monetary (and fiscal) authorities respond to stress in financial markets.

Skills you'll gain

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

16 assignments

Taught in English

91%

of learners achieved a positive career outcome

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Build your subject-matter expertise

This course is part of the Managerial Economics and Business Analysis Specialization

When you enroll in this course, you'll also be enrolled in this Specialization.

Learn new concepts from industry experts
Gain a foundational understanding of a subject or tool
Develop job-relevant skills with hands-on projects
Earn a shareable career certificate

There are 4 modules in this course

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.

Module details

You will become familiar with the course, your classmates, and our learning environment. The orientation will also help you obtain the technical skills required for the course. You will then study interest rates and financial instruments.

What's included

11 videos7 readings5 assignments1 discussion prompt1 plugin

11 videosTotal 82 minutes

Learn About the Course and Your Instructor3 minutes
The Impact of the Gies Community2 minutes
Module 1 Overview6 minutes
The Market for Federal Funds8 minutes
The Repo Market8 minutes
Short-Term Interest Rates8 minutes
Nominal and Real Interest Rates9 minutes
Treasury Securities and The Risk-Free Rate10 minutes
Term Structure of Interest Rates8 minutes
Money Market Mutual Funds10 minutes
Securitization10 minutes

7 readingsTotal 70 minutes

Syllabus10 minutes
Glossary10 minutes
Coursera Coach10 minutes
About the Discussion Forums10 minutes
Online Education at Gies College of Business10 minutes
Updating Your Profile10 minutes
Module 1 Overview10 minutes

5 assignmentsTotal 150 minutes

Orientation Quiz30 minutes
Lesson 1-1 Practice Quiz30 minutes
Lesson 1-2 Practice Quiz30 minutes
Lesson 1-3 Practice Quiz30 minutes
Interest Rates Graded Quiz30 minutes

1 discussion promptTotal 10 minutes

Getting to Know Your Classmates10 minutes

1 pluginTotal 15 minutes

Welcome! Please Tell Us About Yourself15 minutes

In this module, we will study the Federal Reserve System, its functions, and its monetary policy tools.

What's included

10 videos1 reading4 assignments1 peer review

10 videosTotal 88 minutes

Module 2 Overview6 minutes
History and Structure of the Federal Reserve11 minutes
Purpose and Functions of the Federal Reserve9 minutes
Money Supply and Monetary Policy9 minutes
The Federal Reserve's Balance Sheet10 minutes
Open Market Operations8 minutes
The Discount Window7 minutes
Forward Guidance12 minutes
Large-Scale Asset Purchases8 minutes
Monetary Policy With Abundant Bank Reserves8 minutes

1 readingTotal 10 minutes

Module 2 Overview10 minutes

4 assignmentsTotal 120 minutes

Lesson 2-1 Practice Quiz30 minutes
Lesson 2-2 Practice Quiz30 minutes
Lesson 2-3 Practice Quiz30 minutes
Monetary Policy Graded Quiz30 minutes

1 peer reviewTotal 60 minutes

Central Banks and Monetary Policy Peer Review Assignment60 minutes

In this module, we will study the link between output, inflation, and unemployment and how monetary policy affects these macroeconomic variables.

What's included

9 videos1 reading4 assignments

9 videosTotal 83 minutes

Module 3 Overview4 minutes
Understanding Economic Growth and Unemployment9 minutes
Connecting Unemployment and Inflation11 minutes
Monetary Policy Rules12 minutes
How Do Changes in Monetary Policy Affect the Economy? 10 minutes
Monetary Policy Transmission Through Banks9 minutes
Monetary Policy Transmission Through Businesses and Households10 minutes
Limits of Monetary Policy: Supply Shocks8 minutes
Limits of Monetary Policy: Jobless Recoveries and Risk- Taking Incentives11 minutes

1 readingTotal 10 minutes

Module 3 Overview10 minutes

4 assignmentsTotal 120 minutes

Lesson 3-1 Practice Quiz30 minutes
Lesson 3-2 Practice Quiz30 minutes
Lesson 3-3 Practice Quiz30 minutes
Economic Impacts of Monetary Policy Graded Quiz30 minutes

In this module, we will study financial crises and policy responses to these crises.

What's included

8 videos3 readings3 assignments

8 videosTotal 81 minutes

Module 4 Overview3 minutes
Bank Runs and the Panic of 190715 minutes
The Great Depression13 minutes
Common Features of Financial Crises15 minutes
Auto Loans During the 2008 Financial Crisis9 minutes
The Fed as Lender of Last Resort14 minutes
Fiscal Responses to Financial Crises12 minutes
Learn on Your Terms1 minute

3 readingsTotal 30 minutes

Module 4 Overview10 minutes
Congratulations on completing the course!10 minutes
Get Your Course Certificate10 minutes

3 assignmentsTotal 90 minutes

Lesson 4-1 Practice Quiz30 minutes
Lesson 4-2 Practice Quiz30 minutes
Financial Crises Graded Quiz30 minutes

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV. Share it on social media and in your performance review.

Build toward a degree

This course is part of the following degree program(s) offered by University of Illinois Urbana-Champaign. If you are admitted and enroll, your completed coursework may count toward your degree learning and your progress can transfer with you.¹