Course Description

 

Money, in today's world, is an essential part of our lives. We all understand its impact and importance in our day-to-day activities. But have you ever thought about the history and economics behind it? How did money originate? What are the different types of money? And how does it affect the banking system? The Economics of Money and Banking free course by Great Learning explores these questions and more, providing a comprehensive understanding of the key concepts of economics and banking.

The course begins by tracing the origins of trade through the barter system, where goods and services were exchanged without the use of money. This section not only sheds light on the evolution of money but also highlights the significance of money in economic transactions. It also discusses the limitations of the barter system and how it led to the need for a more efficient medium of exchange.

As the course progresses, it covers the history of money, from the earliest forms of currency, such as cowries and salt, to the modern-day paper bills and coins. It delves into the role of gold as a standard for currency and how it led to the development of the gold standard system. Additionally, it explores the rise and fall of different monetary systems, such as the bimetallic standard and the fiat money system, and their impact on the economy.

The course also highlights the importance of central banks in the modern banking system. It explains the functions of central banks and their roles in maintaining stable prices and controlling inflation, which are crucial for promoting economic growth. Furthermore, it discusses the concept of fractional reserve banking and how it allows banks to create money through lending.

One of the most interesting aspects of this course is its coverage of digital currencies, such as Bitcoin and Ethereum. With the rise of technology, the world is shifting towards a cashless economy, and understanding digital currencies is becoming increasingly important. This course explains the basics of digital currencies, their advantages and disadvantages, and their impact on the traditional financial system.

The Economics of Money and Banking free course not only covers theoretical concepts but also provides practical examples and case studies to help students apply their learning in real-life scenarios. It also includes interactive quizzes and assignments to assess the learners' understanding of the concepts. Additionally, the course is taught by experienced instructors, making it a valuable resource for individuals looking to gain a deeper understanding of economics and banking.

In conclusion, the Economics of Money and Banking free course by Great Learning is a must-take for anyone interested in economics and its relationship with the banking system. It provides a solid foundation in the history, types, and functions of money, as well as its impact on the economy. Whether you are a student, a professional, or someone looking to expand their knowledge, this course is a great resource to enhance your understanding of money and banking. Enroll today and embark on a journey to explore the economics of money and banking.