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ECON 450 Microeconomics of Banking 3 Credits
In all countries, financially advanced or otherwise, financial intermediation is mostly carried out by banks. The course aims at explaining the need for financial intermediation and functions of banks by emphasizing the importance of uncertainty and developing an asymmetric information theory of financial intermediation. In the first part of the course, the focus will be on the bank as an institution. Industrial organization approach to banking and lender/borrower relation are examined. The second part deals with the macroeconomic consequences market imperfections, i.e. financial crisis. The justification for public intervention to deal with the problems caused by the inherent instability of the banking system and globalization are discussed in the last part.

Last Offered Terms Course Name SU Credit
Fall 2013-2014 Microeconomics of Banking 3
Fall 2011-2012 Microeconomics of Banking 3
Fall 2010-2011 Microeconomics of Banking 3
Fall 2009-2010 Microeconomics of Banking 3
Fall 2008-2009 Microeconomics of Banking 3
Fall 2007-2008 Microeconomics of Banking 3
Fall 2006-2007 Microeconomics of Banking 3
Fall 2005-2006 Microeconomics of Banking 3
Fall 2004-2005 Microeconomics of Banking 3
Fall 2003-2004 Microeconomics of Banking 3

Prerequisite: ECON 204 - Undergraduate - Min Grade D
Corequisite: __
ECTS Credit: 6 ECTS (6 ECTS for students admitted before 2013-14 Academic Year)
General Requirements: