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The Learning Objectives in The Financial World

By Bernard

This course presents all the financial institutions, beginning by the most important relatively to money, being the banking institutions: the banks, the credit union and the Bank of Canada; their primordial role is about the multiplication of money.

First, we present two categories of canadian banks, being the "A" and "B" banks, while specifying the major differences between the canadian and the american banking systems. After that, we will take a look at the Desjardins Mouvement and the credit unions in Canada. The others kinds of financial institutions are the insurances, being either life insurances or general insurances, and the trusts and, finally, three kinds of brokers, either in insurances, real estate or stock.

Having seen these financial institutions, we will then present the Bank of Canada. We will see finally how the central bank and the other banks act on money with the multiplier of money. This course will then present the five mecanism by which the cantral bank controls the money, of which the most important are the interest rate, which is the barometer of the interest rates, and the legal reserve rate. We will aslo see the american banking system, which is so different that the canadian one.

The last part of this course is more theorical We will approach the two main theories that the governement officers promote in the monetary domain. First, we will establish the monetary problematic and the monetary thery as establish by John Maynard Keynes. Then, we wil present the monetary policy as it is really every day,m being either restrictive or expansionnist, as advocated by the keynesian or the monetarists economists. The fiscal aspect of these politics will be seen in the course on Bugdet and Fiscal Policy.