Term:Summer

Course Code:SQ0000007H

Campus:Main Campus

Academic Organization:Economics

Prerequisites:None

Credit:1（16 teaching hours）

Course Components:Lectures Required

Course Note:Elective course open to all the students

Course Description:

The Federal Reserve (the Fed) is one of the most important institutions in the U.S., and Fed policies have profound ramifications for the rest of the world. This course will start with understanding interest rate theories and interest rate structure, which underpins the Fed interest rate policy. Students will then learn about the money market and the roles and functions of central banks, with the focus on the Fed’s history, structure, and policy goals and tools. The last section of the course will give a close look at Fed’s monetary policies during and after the 2008-2009 financial crisis, for example quantitative easing (QE), and its effects on the U.S. economy and the ramifications for the rest of the world.