The Economics of Money and Banking Chapter1 Introduction 》》( Course Objectives 2 The course is structured to provide the students with an integrated perspective on the economics of money and banking especially in China.It Outline of the course outlines those elements of the subject that: What are the functions of currency and monetary system? How do credit and interest rate work in the real world What are the roles of financial institutions and markets in the financial system? How does monetary policy work in the real world? How and why did China go onto a new path of financial reform? What is the future for China's financial system? GUO YING SEM TONGJI UNIVERSITY 8The Economics of Money and Banking 8 GUO YING SEM TONGJI UNIVERSITY Outline of the course 2 Chapter1 Introduction Course Objectives The course is structured to provide the students with an integrated perspective on the economics of money and banking especially in China. It outlines those elements of the subject that: What are the functions of currency and monetary system? How do credit and interest rate work in the real world ? What are the roles of financial institutions and markets in the financial system? How does monetary policy work in the real world? How and why did China go onto a new path of financial reform? What is the future for China’s financial system?