This is a free and open set of course materials released by the Saylor Foundation, an educational charity. It is based on the free textbook "Money and Banking" by Robert E. Wright and Vincenzo Quadrini. It is divided into six units, with readings and online resources for each. There are self-assessment questions with answer guidelines, and an online quiz. The Legacy status means that the course is no longer being actively updated and some links may have broken, but users are legally able to adapt the materials or to submit changes.
Online Text and Notes in Monetary Economics
Article from May 2018 on the credit creation theory of banking, explaining credit money and seigniorage in simple terms. It was inspired by a paper issued by the Bank of England in 2018 which "recognises the credit creation theory of banking as a useful theory for understanding the process of money creation".
Eleven files shared in PDF format as part of the TRUE project.
Thirteen-page document, covering "What is monetary policy?" and "How does the central bank choose the interest rate?" including a section on quantitative easing
The lecturer's guide for this textbook is available for download if you first go through the free registration. A range of PowerPoint presentations are also available and these do not require registration.
An Introduction to Investment Theory is an online textbook "designed for use in a four-week teaching module for master's students studying introductory finance", written by William N. Goetzmann of Yale University, School of Management. Eight chapters covering theories of financial investment decision, risk, portfolio selection, asset pricing, arbitrage, capital market efficiency. Assumes some basic statistical knowledge, but presentation mostly uses diagrams and simple algebra.
Hosted by the Gower Institute for Modern Money Studies, these sheets give Modern Monetary Theory overviews of topics including the history of money and role of the Bank of England, often with links to related videos. Each sheet can be downloaded as a PDF.
This course page supports a course on international monetary economics as taught by Olivier Jeanne at Johns Hopkins University in 2010. It presents theory and applies it towards gaining an understanding of recent events and current policy issues. The theory presented in this course covers a broad range of topics including exchange rate determination, monetary and fiscal policy in an open economy (that is, and economy that trades goods and assets with the rest of the world), balance of payments crises, the choice of exchange rate systems, and international debt. These theoretical frameworks enable the discussion of topics such as the current global financial crisis, global financial imbalances, the Chinese exchange rate regime, and proposed changes in the international financial architecture. It includes a course syllabus, lectures notes / slides and exam papers. The site is no longer online, so the link is to the Web Archive's copy.