AIB Economics for Bankers
Course Code: 2310
Length: 16 Weeks
Audience: This course is designed for bank personnel who have not had a formal course in Economics and wish to increase their understanding of economics as it relates to banking.
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.
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
Text Book: This course uses Economics: Fundamentals for Financial Services Providers, 3rd edition, 2006, ABA
Recommended Course Credits: AIB: 3.0; ICB: 45 (CLBB, CFTA [INV] or CSOP)
ACE College Credit Recommendation: In the lower division baccalaureate/associate degree category, 3 semester hours in Economics or Social Science elective.
Prerequisites: None
Enrollment: To enroll in this course, please click on the link below for the registration form. Print and complete the form and submit it to your supervisor for approval. Then submit the approved form to your human resources department for processing.