Economics of Money and Banking, Part One

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9/10 stars
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Economics of Money and Banking, Part One

Course Details

Cost

FREE

Upcoming Schedule

  • On demand

Course Provider

Coursera online courses
Coursera's online classes are designed to help students achieve mastery over course material. Some of the best professors in the world - like neurobiology professor and author Peggy Mason from the University of Chicago, and computer science professor and Folding@Home director Vijay Pande - will supplement your knowledge through video lectures. They will also provide challenging assessments, interactive exercises during each lesson, and the opportunity to use a mobile app to keep up with yo...
Coursera's online classes are designed to help students achieve mastery over course material. Some of the best professors in the world - like neurobiology professor and author Peggy Mason from the University of Chicago, and computer science professor and Folding@Home director Vijay Pande - will supplement your knowledge through video lectures. They will also provide challenging assessments, interactive exercises during each lesson, and the opportunity to use a mobile app to keep up with your coursework. Coursera also partners with the US State Department to create “learning hubs” around the world. Students can get internet access, take courses, and participate in weekly in-person study groups to make learning even more collaborative. Begin your journey into the mysteries of the human brain by taking courses in neuroscience. Learn how to navigate the data infrastructures that multinational corporations use when you discover the world of data analysis. Follow one of Coursera’s “Skill Tracks”. Or try any one of its more than 560 available courses to help you achieve your academic and professional goals.

Provider Subject Specialization
Humanities
Sciences & Technology
4699 reviews

Course Description

Introduction to a “money view” of economic activity for modern times, building on the intellectual traditions of British central banking and American institutionalism. Part One explores the economics of payment systems and money markets. Part Two explores connections with foreign exchange and capital markets.
Reviews 9/10 stars
14 Reviews for Economics of Money and Banking, Part One

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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.

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saad profile image
saad profile image
10/10 starsCompleted
  • 1 review
  • 1 completed
5 years, 6 months ago
Best course available on coursera. Instructor is awesome and great. material is exceptional. Everything is perfect. All who are interested in finance and economics should take this amazing course
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Martin CARRE profile image
Martin CARRE profile image
10/10 starsCompleted
  • 1 review
  • 1 completed
3 years, 6 months ago
This was by far one of the best MOOC I have ever taken! The instructor is amazing and explains everything with simple words. In my opinion one of the most important course to understand the past financial crisis correctly but to get as well more insights on the current financial policy that are being designed and enforced internationally. In other words, essential for anyone with a bank account.
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Student profile image
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Student

8/10 starsCompleted
3 years, 9 months ago
One of the best courses that I have ever taken, both with Coursera and live during mu academic life. If I would ever end up a politician, i would make this course mandatory to pretty much most programs in college and university that have to do with politics, economics, finance, accounting. However, with very little background knowledge, I found the course very challenging. For me it mattered more to really understand every sentence and every reasoning, so I tried to go beyond just doing the quizzes, which I found inadequate. I also found that the pace of the course was too fast for me. I bought the book by the instructor and STigum's Money Market, but I was unable to read them at the same time. I would have loved to have had the course spread out over a few more weeks. The subject is complex, and having a solid base is very important, which I found cannot be done in 6-8 weeks. But other than that, i fully recommend the course and wil... One of the best courses that I have ever taken, both with Coursera and live during mu academic life. If I would ever end up a politician, i would make this course mandatory to pretty much most programs in college and university that have to do with politics, economics, finance, accounting. However, with very little background knowledge, I found the course very challenging. For me it mattered more to really understand every sentence and every reasoning, so I tried to go beyond just doing the quizzes, which I found inadequate. I also found that the pace of the course was too fast for me. I bought the book by the instructor and STigum's Money Market, but I was unable to read them at the same time. I would have loved to have had the course spread out over a few more weeks. The subject is complex, and having a solid base is very important, which I found cannot be done in 6-8 weeks. But other than that, i fully recommend the course and will redo it again during the next session to better my understanding of the material.
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Student

10/10 starsCompleted
3 years, 9 months ago
Amaizing piece of education with an engaging and super intelligent professor. This is the most educational course I have ever done in my life. It allowed me to understand the modern economics of the world we live in. The information in this course is not available anywhere else and certainly not presented in this comprehensive way. Highly recommended.
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Ashutosh Desai profile image
Ashutosh Desai profile image
10/10 starsTaking Now
  • 1 review
  • 0 completed
4 years, 8 months ago
In one word AWESOME, i don't think studying economics can get better than this. Professor Perry Mehrling is amazing, he has genuine passion for the subject. This course is unlike any other money and banking courses you might have taken.
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timothy235 profile image
timothy235 profile image
10/10 starsCompleted
  • 12 reviews
  • 10 completed
3 years, 10 months ago
A rare glimpse into the Alice in Wonderland world of high finance.  Professor Mehrling makes this very complicated world accessible and understandable through his very engaging lectures.  This is the only economics course I have ever taken that was not deathly boring.  In fact it was very interesting and I looked forward to new videos each week.  Highly recommended. The professor uses balance sheets of banks and other market participants to explain how money market operations work.  You'll learn about things like the federal funds market, eurodollars, repos and reverses, acceptances, swaps, and bonds.  The over-riding idea of the course is that there is a hierarchy of money with central bank liabilities at the top and many different kinds of credit below that.  The professor also discusses money market dealers, where their profit comes from, and the difference between the inside and outside spread.  Much attention is al... A rare glimpse into the Alice in Wonderland world of high finance.  Professor Mehrling makes this very complicated world accessible and understandable through his very engaging lectures.  This is the only economics course I have ever taken that was not deathly boring.  In fact it was very interesting and I looked forward to new videos each week.  Highly recommended. The professor uses balance sheets of banks and other market participants to explain how money market operations work.  You'll learn about things like the federal funds market, eurodollars, repos and reverses, acceptances, swaps, and bonds.  The over-riding idea of the course is that there is a hierarchy of money with central bank liabilities at the top and many different kinds of credit below that.  The professor also discusses money market dealers, where their profit comes from, and the difference between the inside and outside spread.  Much attention is also given to how all these mechanisms change during times of stress, for example when liquidity dries up like in the last crisis, and how central banks have had to take innovative steps to handle the crisis, mostly by vastly expanding their balance sheets.
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Thomas Forsell profile image
Thomas Forsell profile image
10/10 starsCompleted
  • 2 reviews
  • 2 completed
4 years, 9 months ago
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leonard mangini profile image
leonard mangini profile image
10/10 starsCompleted
  • 39 reviews
  • 37 completed
4 years, 7 months ago
Brilliant economist at the INET think tank founded by George Soros with groundbreaking theories presented in a striaght-forward and logical way. Prof Mehrling is highly engaged in the course with 200+ forum posts, a google chat, weekly office hours reacting to current events, deep insightful PDF books placing the theory in historical context. Other MOOCs should aspire to this.
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Ricardo Teixeira profile image
Ricardo Teixeira profile image
8/10 starsCompleted
  • 86 reviews
  • 77 completed
4 years, 11 months ago
This was a really good course on Finance. No equations or math - just lectures that always start by reading and interpreting the Financial Times. This is real-World finance, the type that you could probably use to talk intelligently with a Wall Street financier. Despite being an academic course, don't expect an academic-styled course. This is the actual stuff that matters, it's what the people moving money around care about. You won't find a course more relevant than this one. If you're like me, you'll miss some equations and models - they may be unrealistic but they are a good pedagogical tool, as a way of keeping you grounded and following the narrative of the course. But I understand that it is not the objective at all to teach theoretical mambo- jambo that does not work in practice. And that's why the course is an amazing experience. The lowest point for me was the general sense of loss of direction. The professor himself admitt... This was a really good course on Finance. No equations or math - just lectures that always start by reading and interpreting the Financial Times. This is real-World finance, the type that you could probably use to talk intelligently with a Wall Street financier. Despite being an academic course, don't expect an academic-styled course. This is the actual stuff that matters, it's what the people moving money around care about. You won't find a course more relevant than this one. If you're like me, you'll miss some equations and models - they may be unrealistic but they are a good pedagogical tool, as a way of keeping you grounded and following the narrative of the course. But I understand that it is not the objective at all to teach theoretical mambo- jambo that does not work in practice. And that's why the course is an amazing experience. The lowest point for me was the general sense of loss of direction. The professor himself admitted that most of his students only start understanding what he's saying in Part 2, but that's a bit frustrating. Don't get me wrong, I think that's an exaggeration - you will definitely learn a lot; just don't ask me what were the 4th or 5th lectures about, because I honestly wouldn't be able to tell you. I didn't sense a coherent, large-scale narrative. Also, the evaluation exercises were very simple. I like quizzes as a way to test understanding, but in this case there were only 5 (6 questions each) + exam (10 questions). There should be more. All in all, an excellent course. I'm definitely sticking around and I'm now starting Part 2 of this great course!
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Ajai Srivastava profile image
Ajai Srivastava profile image
10/10 starsTaking Now
  • 2 reviews
  • 0 completed
5 years, 8 months ago
Prior to this course I had knowledge of finance and accounting but had very little knowledge of Economics related to money and banking. I had no experience in the field of banking. I found this course very useful to upgrade my knowledge. Style of teaching of Prof. Mehrling is great. Lecture notes are very useful and video lectures are of very high quality. Prof Mehrling has made the subject very easy to understand.
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Maria Ferrer profile image
Maria Ferrer profile image
10/10 starsCompleted
  • 1 review
  • 1 completed
5 years, 6 months ago
I was impressed by the quality of this course. I liked Professor Mehrling so much that I am trying to find another course with a professor like him. We were spoiled ..hard to find another one that speaks so well is so clear and is so enthusiastic about his teaching. I learned a LOT and now I can read financial news and although I do not understand everything I know what they are talking about. I recommend this course and this professor. Whatever course he gives in the future I will definitely follow. Thank you very much.
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Student profile image
Student profile image

Student

9/10 starsCompleted
5 years, 6 months ago
by Gail D. Greer The review below ended up being posted by 'anonymous'. I'm repeating it here to claim authorship! The Economics of Money and Banking (Pts 1 and 2) delivered by Professor Perry Mehrling of Barnard College, Columbia University, and sponsored by the Institute for New Economic Thinking (INET) are excellent, exciting courses at an advanced undergraduate level. They offer a good introduction to money and banking, showing how they have evolved into the global financial system that figured so prominently in the Great Recession in the United States and then in the sovereign debt crisis of the Eurozone - both still reverberating around the world. Professor Mehrling is a distinguished historian of finance and an experienced, highly effective lecturer. He presents a coherent heterodox view of money and banking that is refreshingly innovative relative to standard courses in finance and economics. The course materials, from video ... by Gail D. Greer The review below ended up being posted by 'anonymous'. I'm repeating it here to claim authorship! The Economics of Money and Banking (Pts 1 and 2) delivered by Professor Perry Mehrling of Barnard College, Columbia University, and sponsored by the Institute for New Economic Thinking (INET) are excellent, exciting courses at an advanced undergraduate level. They offer a good introduction to money and banking, showing how they have evolved into the global financial system that figured so prominently in the Great Recession in the United States and then in the sovereign debt crisis of the Eurozone - both still reverberating around the world. Professor Mehrling is a distinguished historian of finance and an experienced, highly effective lecturer. He presents a coherent heterodox view of money and banking that is refreshingly innovative relative to standard courses in finance and economics. The course materials, from video lectures, to lecture notes and weekly readings are well organized and easily accessible. As with other on-line courses with massive enrollments, the multiple choice in-video, weekly and final quizzes are best understood as aides to individual learning rather than in-depth assessments grading knowledge acquired across the class. A Certificate of Achievement can be earned. The on-line discussion forums, monitored by a team of talented teaching assistants are also valuable. They permit students from around the world with a great diversity of backgrounds to express their views on many current topics in finance and to contribute valuable sources and references. Greater literacy in the financial issues of our time, from central to shadow banking and financial regulation, is the gift delivered by Professor Mehrling and all the social institutions supporting these courses. A great many students, myself included, expressed their gratitude.
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Nancy Walsh profile image
Nancy Walsh profile image
10/10 starsCompleted
  • 4 reviews
  • 4 completed
5 years, 7 months ago
An amazingly great course! With no background in this side of economics and none in finance, I found that Dr. Mehrling made the subject clear and comprehensible. He is an excellent presenter and the decision to videotape the lectures of actual classes was brilliant, yielding a much more dynamic experience that made concentration easy. I looked forward to Sundays when the next set of lectures became available. He produced excellent lecture notes and a wonderful set of readings that gives one a real start on the history behind this material.
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Student profile image
Student profile image

Student

10/10 starsCompleted
3 years, 9 months ago
Amaizing piece of education with an engaging and super intelligent professor. This is the most educational course I have ever done in my life. It allowed me to understand the modern economics of the world we live in.
Was this review helpful? Yes0
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Rankings are based on a provider's overall CourseTalk score, which takes into account both average rating and number of ratings. Stars round to the nearest half.