Who is this class for: This course was designed originally for upper level undergraduate economics majors at Barnard and Columbia, in New York City. (The lectures were filmed live in the class I teach there.) But I have found that the course works for a much broader group as well: people who work in banks or finance but have no background in economics or finance (IT folk, lawyers), graduate students in economics and also other social sciences (history, international political economy, anthropology), and adult learners who sense the importance of the subject and want to find out how to think more deeply about it. Because I teach in New York, which is the center of world dollar money markets, the course is focused on those markets, but I have found that it works well even for learners from around the globe, in Europe and Japan, but also in China and India, and everywhere else. The basic concepts and tools that we need to understand dollar money markets work just as well for understanding others, and dollar money markets are at the center of the larger global financial system.


Created by:  Columbia University

Commitment13 weeks of study, 5 hours/week
Language
English
How To PassPass all graded assignments to complete the course.
User Ratings
4.8 stars
Average User Rating 4.8See what learners said
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Ratings and Reviews
Rated 4.8 out of 5 of 270 ratings

Excellent course.

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!

It starts very simple, but this is really a profound course. Begining from "what is money", it looks into classic banking, how things changed in the shadow banking system, what money markets do and how the players operate, especially the role of market making brokers. If you have some economics and/or finance back ground, this will have your views stand on their head, and then come back on their feet. You will have a changed view on central banking. I don't think anyone can completely absorb this in one go, but it will provide really stimulating and eye opening views on every section of the lecture.

Excellent material and instructor.