Colleges

Course Description: The course covers three main axes: money, banks, and financial markets. It begins by discussing the nature, types, functions, and source of value of money, as well as the authority responsible for its issuance and management (the central bank). Following this, it discusses the money supply, the authority responsible for its management (the central bank), and the mechanism through which credit is created in the banking system. The course also examines the demand for money and the economic theories that explain the reasons why individuals and institutions hold money in liquid form, and discusses the relationship between the quantity of money (money supply) and the general price level (inflation). It sheds light on the monetary system, which consists of the central bank, commercial banks, specialized banks, and Islamic banks. Then, it details the functions of the central bank and discusses the legislation governing the central bank's operations in the Kingdom. In addition, it studies commercial banks and their role in bridging the gap between lenders and borrowers, directing funds to productive projects, and supporting economic growth, in addition to the legislation governing their operations in the Kingdom. It reviews the monetary policies necessary to address economic problems arising from recession, unemployment, inflation, and others. Finally, it addresses the financial sector with all its components, namely financial markets, their roles, types, the financial instruments traded in them, and financial intermediaries.