Central Banks and Monetary Policy

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Central Banks and Monetary Policy

Name: Central Banks and Monetary Policy
Rating: 4.631578947368421 (76 reviews)

This course is part of Managerial Economics and Business Analysis Specialization

Instructor: Ralf Meisenzahl

13,679 already enrolled

Included with Coursera Plus

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5 modules

Gain insight into a topic and learn the fundamentals.

4.6

(76 reviews)

Intermediate level

Some related experience required

Flexible schedule

Approx. 16 hours

Learn at your own pace

Build toward a degree

Learn more

5 modules

Gain insight into a topic and learn the fundamentals.

4.6

(76 reviews)

Intermediate level

Some related experience required

Flexible schedule

Approx. 16 hours

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

Finance

Details to know

Shareable certificate

Add to your LinkedIn profile

Assessments

16 assignments

Taught in English

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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.

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There are 5 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.

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.

What's included

1 video6 readings1 assignment

1 videoTotal 3 minutes

Learn About the Course and Your Instructor3 minutesPreview module

6 readingsTotal 60 minutes

Syllabus10 minutes
Glossary10 minutes
About the Discussion Forums10 minutes
Online Education at Gies College of Business10 minutes
Getting to Know Your Classmates10 minutes
Updating Your Profile10 minutes

1 assignmentTotal 30 minutes

Orientation Quiz30 minutes

In this module we will study interest rates and financial instruments.

What's included

9 videos1 reading4 assignments

9 videosTotal 76 minutes

Module 1 Overview5 minutesPreview module
The Market for Federal Funds8 minutes
The Repo Market8 minutes
Short-Term Interest Rates7 minutes
Nominal and Real Interest Rates8 minutes
Treasury Securities and The Risk-Free Rate10 minutes
Term Structure of Interest Rates7 minutes
Money Market Mutual Funds9 minutes
Securitization10 minutes

1 readingTotal 10 minutes

Module 1 Overview10 minutes

4 assignmentsTotal 120 minutes

Interest Rates Graded Quiz30 minutes
Lesson 1-1 Practice Quiz30 minutes
Lesson 1-2 Practice Quiz30 minutes
Lesson 1-3 Practice Quiz30 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 minutesPreview module
History and Structure of the Federal Reserve10 minutes
Purpose and Functions of the Federal Reserve8 minutes
Money Supply and Monetary Policy8 minutes
The Federal Reserve's Balance Sheet10 minutes
Open Market Operations8 minutes
The Discount Window7 minutes
Forward Guidance12 minutes
Large-Scale Asset Purchases7 minutes
Monetary Policy With Abundant Bank Reserves7 minutes

1 readingTotal 10 minutes

Module 2 Overview10 minutes

4 assignmentsTotal 120 minutes

Monetary Policy Graded Quiz30 minutes
Lesson 2-1 Practice Quiz30 minutes
Lesson 2-2 Practice Quiz30 minutes
Lesson 2-3 Practice 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 minutesPreview module
Understanding Economic Growth and Unemployment8 minutes
Connecting Unemployment and Inflation10 minutes
Monetary Policy Rules12 minutes
How Do Changes in Monetary Policy Affect the Economy? 10 minutes
Monetary Policy Transmission Through Banks8 minutes
Monetary Policy Transmission Through Businesses and Households9 minutes
Limits of Monetary Policy: Supply Shocks8 minutes
Limits of Monetary Policy: Jobless Recoveries and Risk- Taking Incentives10 minutes

1 readingTotal 10 minutes

Module 3 Overview10 minutes

4 assignmentsTotal 120 minutes

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

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

What's included

8 videos3 readings3 assignments1 plugin

8 videosTotal 80 minutes

Module 4 Overview3 minutesPreview module
Bank Runs and the Panic of 190714 minutes
The Great Depression12 minutes
Common Features of Financial Crises14 minutes
Auto Loans During the 2008 Financial Crisis9 minutes
The Fed as Lender of Last Resort13 minutes
Fiscal Responses to Financial Crises12 minutes
Learn on Your Terms0 minutes

3 readingsTotal 30 minutes

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

3 assignmentsTotal 90 minutes

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

1 pluginTotal 15 minutes

End of Course survey15 minutes

Instructor

Instructor ratings

4.7 (33 ratings)

Ralf Meisenzahl

University of Illinois Urbana-Champaign

1 Course13,679 learners

Offered by

University of Illinois Urbana-Champaign

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Build toward a degree
Course

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

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Learner reviews

4.6

76 reviews

5 stars
75%
4 stars
19.73%
3 stars
1.31%
2 stars
1.31%
1 star
2.63%

Showing 3 of 76

Reviewed on Sep 29, 2022

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

Reviewed on May 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.

Reviewed on Jul 4, 2023

Excellent course with in depth history and examples.I'd use more bullet points in text to separate and highlight the key points better

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Frequently asked questions

Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). If you choose to explore the course without purchasing, you may not be able to access certain assignments.

You will be eligible for a full refund until 2 weeks after your payment date. You cannot receive a refund once you’ve earned a Course Certificate, even if you complete the course within the 2-week refund period. View our full refund policy.

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If you pay for this course, you will have access to all of the features and content you need to earn a Course Certificate. If you complete the course successfully, your electronic Certificate will be added to your Accomplishments page—from there, you can print your Certificate or add it to your LinkedIn profile. Note that the Course Certificate does not represent official academic credit from the partner institution offering the course.

When you enroll in the course, you get access to all of the courses in the Specialization, and you earn a certificate when you complete the work. 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.

Central Banks and Monetary Policy

What you'll learn

Skills you'll gain

Details to know

See how employees at top companies are mastering in-demand skills

Build your subject-matter expertise

Earn a career certificate

There are 5 modules in this course

Course Orientation

What's included

Module 1: Interest Rates

What's included

Module 2: Monetary Policy

What's included

Module 3: Economic Impacts of Monetary Policy

What's included

Module 4: Financial Crises

What's included

Instructor

Offered by

Recommended if you're interested in Business Essentials

Macroeconomic Financial Accounts

Monetary Policy in the Asia Pacific

Macroeconomic Financial Accounts Course 2

Banking and Financial Institutions

Build toward a degree

Master of Business Administration (iMBA)

Why people choose Coursera for their career

Learner reviews

New to Business Essentials? Start here.

What Can You Do with a Finance Degree? 7 Career Paths for 2025

10 Best-Paying Jobs in Finance

9 Entry-Level Finance Jobs

What Is Finance Management?

Open new doors with Coursera Plus

Advance your career with an online degree

Join over 3,400 global companies that choose Coursera for Business

Frequently asked questions

When will I have access to the lectures and assignments?

What is the refund policy?

Is financial aid available?

More questions