Money and Banking: Foundations of Central Bank and Monetary Policy

The global economy runs on banking and finance, yet the fundamental mechanisms of money creation and control often remain a mystery. This course provides a clear, foundational understanding of the institutions and policies that govern the flow of capital. By the end of this course, you will be able to analyze the core functions of commercial banks, explain the structure and regulatory role of a central bank, and confidently interpret the objectives and tools of modern monetary policy, including current approaches to inflation management. What you'll learn: * Understand the definition, functions, and various forms of money in a modern economy. * Analyze the structure and operations of commercial banking, including credit creation and digital payment infrastructure. * Master the regulatory framework and core functions of a central bank, such as acting as a banker to the government and controlling credit. * Practice interpreting the goals and instruments of monetary policy, including reserve requirements and open market operations. * Apply knowledge of modern policy frameworks, such as inflation targeting and maintaining financial stability. We begin with key economic definitions and the role of money before moving into the detailed functions of commercial banks. The course culminates in an in-depth exploration of central banking and the mechanics of monetary policy implementation. This course is designed exclusively for beginners. No prior knowledge of economics, finance, or banking is required—just a willingness to read and practice the concepts presented. Start building your foundational expertise in banking and monetary economics today.