ECONOMICS FOR BANKERS

Course Description:   This program introduces you to the fundamental principles of economics. Special emphasis is placed on macroeconomics and topics of importance to you as a banker. The course covers the basics of economic theory and includes examples of the application of economics to banking.

Audience:   Bank personnel who have not had a formal course in Economics and wish to increase their understanding of economics as it relates to banking.

Learning Objectives:  After successfully completing this program, you will be able to:

• Understand the meaning of economic terminology and the discipline of economic reasoning
• Follow economic news and analyze important economic questions
• Locate and obtain economic data and information and use it to examine contemporary economic issues
• Apply economic principles to important questions in the financial services industry
• Use basic graphing and graph interpretation skills to examine economic questions
• Understand the major economic policy problems faced by government: economic growth, unemployment, inflation, and budget deficits and debt
• Understand the aggregate demand/aggregate supply model and its importance in examining major economic policy problems
• Recognize major economic policy controversies and the various schools of thought associated with them

Topics Covered:

• The Economic Problem: Scarce Resources, Unlimited Wants, and Opportunity Costs
• The Concepts of Demand, Supply, and Equilibrium
• Business Organization
• Unemployment and Inflation
• The Business Cycle
• Aggregate Demand and Aggregate Supply
• Expenditures Analysis
• Fiscal Policy
• Money and Financial Markets
• The Federal Reserve Structure and Policy

Textbook: Economics: Fundamentals for Financial Services Providers, (c) 2006

Credit:  AIB: 3.0 ; ICB: 45 (CLBB, CSOP or CFMP)

ACE College Credit Recommendation:  In the upper division baccalaureate degree category, 3 semester hours in Economics or Social Science elective.

Delivery Methods:  This course is available in the following formats:

• AIB Online Instructor-led course; Length: 16 weeks
  Price: $405 members; $505 non-members
  Course Start Dates
  Enroll Online ; Print Registration Form
   

• AIB Self-Study
   $295 members; $370 non-members (text must be purchased separately)
   

• Classroom Instruction - Purchase textbooks for in-house training

Contact elegg@nyba.com for more information.

For further information, please call Elisa Legg at 212-297-1679 or elegg@nyba.com.