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Money and Banking: What Everyone Should Know Lecture

Money and Banking: What Everyone Should Know

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Publisher's Summary

Money and finance play a deeply fundamental role in your life. Now, let an expert professor lead you in a panoramic exploration of our monetary and financial systems, their inner workings, and their crucial role and presence in your world.

As a guiding theme of these 36 content-rich lectures, you observe the ways in which economies require efficient and evolving financial institutions and markets to fulfill their potential. In building a full view of our financial system, you delve into these and other vital subjects: central banks, commercial banks, and the Federal Reserve; interest rates and interest rate policy; bonds and stock markets; and foreign exchange and international banking.

Across the arc of this lecture series, you'll tackle key topics that shed light on the functioning of our financial system as a whole. You study the critical subject of inflation and its relationship to the consumer price index and to excess money growth. You'll investigate the causes and implications of the federal deficit and the national debt. In the international arena, you'll learn about the implications of trade deficits in global economic relationships and the question of monetary policy coordination between nations, weighing the significant benefits to the global economy of cooperation between central banks.

This is a rare chance to gain a grounded understanding of our monetary and financial systems, and to grasp the vital elements of finance that directly affect our way of life, our national concerns, and your own life and future.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.

©2012 The Teaching Company, LLC (P)2012 The Great Courses

What Members Say

Average Customer Rating

4.2 (326 )
5 star
 (157)
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Overall
4.1 (272 )
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1 star
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Story
4.2 (277 )
5 star
 (141)
4 star
 (80)
3 star
 (40)
2 star
 (9)
1 star
 (7)
Performance
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  •  
    Garshom L. Arkoff SANTA ROSA, CA, United States 10-18-13
    Garshom L. Arkoff SANTA ROSA, CA, United States 10-18-13

    Baseball Fan and Hawaiian Music Afficianado

    HELPFUL VOTES
    9
    ratings
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    7
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    3
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    Story
    "Informative and well presented"

    I admit it, I am a bit of a geek when it comes to social studies, particularly history, politics and economics. I am absolutely fascinated with the ways that humans interact with each other. In fact, I have often thought about going back to school to study economics.

    Professor Salemi clearly understands the material, inside and out. What's more, he presents the material in a way which is not only clear but compelling and interesting. He is able to speak at a level which is accessible without being condescending.

    I listen to a lot of spoken material (I am in the middle of two other audiobooks now and I subscribe to several podcasts). I find myself rationing this one because I like it so much that I want to save it for a time when I can really enjoy it.

    My only critique (and the reason why I gave four stars for story) is that some of the material is very basic and information that I have known a long time. As I said, I am a bit of a geek with social studies. For me, it is a good review. If you are unfamiliar with money and banking, it is good that Professor Salemi outlines the basics.

    Two thumbs up!

    3 of 5 people found this review helpful
  •  
    Jan Klosowski 08-09-16 Member Since 2016
    ratings
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    21
    1
    Overall
    Performance
    Story
    "Conservative. Biased. Does not give a full picture"
    Would you recommend this book to a friend? Why or why not?

    I do not recommend this book. The author presents an extremely conservative and biased view on the economy. When he describes banking, he sounds like a traveling agent: banks are great, FED is amazing, derivatives are important. At the same time, he does not present enough information about flaws and potential downsides.

    Talking about mutual funds, he talks on "how much time you can save not picking your portfolio by yourself" but does not mention that not many of them do actually perform better than the market and forgets about ETFs completely. Speaking about derivatives, he starts with quoting Warren Buffett: "derivatives are the weapons of mass destruction" but forgets to elaborate on downsides completely, presenting only how important instruments they are. He barely touches CDOs but that's not what Buffett was referring too so it sounds very incomplete. Those are just examples. Every single chapter is written that way.

    Extremely one-sided. I will return the book. Avoid it. Try "Economics" by Professor Timothy Taylor instead and you will not be disappointed.


    0 of 0 people found this review helpful
  •  
    Landon 04-21-16
    Landon 04-21-16
    ratings
    REVIEWS
    1
    1
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    Performance
    Story
    "Extremely Valuable Information"
    Would you consider the audio edition of Money and Banking: What Everyone Should Know to be better than the print version?

    Yes


    What was one of the most memorable moments of Money and Banking: What Everyone Should Know?

    For me it was the part about A-symmetrical information.


    Which scene was your favorite?

    There where no scenes?


    What did you learn from Money and Banking: What Everyone Should Know that you would use in your daily life?

    I'm a Forex trader, stock trader, and real estate investor and i can honestly say that i will use all of the information in this book day to day.


    0 of 0 people found this review helpful
  •  
    José franco Chalco 02-14-16 Member Since 2015
    ratings
    REVIEWS
    8
    1
    Overall
    Performance
    Story
    "Excellent summary of how money works"
    Would you recommend this audiobook to a friend? If so, why?

    I would recommend it to all my non economist friends to further their understanding of how money actually works.


    How would you have changed the story to make it more enjoyable?

    The passing is a little off and some concepts are difficult to explain without having a visual guide


    What did you learn from Money and Banking: What Everyone Should Know that you would use in your daily life?

    Not so much learned but confirmed, then again i work on the banking industry.


    Any additional comments?

    This i a must read/listen for everybody who is thinking about enrolling on economic school. It could save you some days of studying.

    0 of 0 people found this review helpful
  •  
    David Lee Heller 01-20-15
    HELPFUL VOTES
    2
    ratings
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    46
    3
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    Story
    "Not good for an audio format"
    Is there anything you would change about this book?

    The speaker constantly refers to graphs and charts... it would be great if I were sitting at a computer watching it, but then it wouldn't be an audio book would it? Also, the speaker has long unnatural pauses in between words, to the point that I have to check to make sure its still playing.


    Would you recommend Money and Banking: What Everyone Should Know to your friends? Why or why not?

    No.


    Would you be willing to try another one of Professor Michael K. Salemi’s performances?

    No.


    Could you see Money and Banking: What Everyone Should Know being made into a movie or a TV series? Who should the stars be?

    No.


    Any additional comments?

    Listen to "How the Stock Market Works" from the Great Courses... it's not as in depth, but it's an easy listen, with an enthusiastic speaker, and gives a great overview.

    0 of 0 people found this review helpful
  •  
    Michael 06-18-14
    Michael 06-18-14

    Classics, history, historical fiction, marketing, Napoleonic stuff and of course 'Boys own Adventure'. This is my bent. Occasional self help as well.

    HELPFUL VOTES
    311
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    262
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    48
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    Story
    "Money Makes the World Go Round"

    Professor Michael Salemi has convinced me that the banking system is important, in fact you could say has created the modern world however I don't think I am any wiser on how it all works. Based on the US system he does touch on Europe and a little on Asia. He isn't the best narrator but he does know his stuff and comes across as honest and real.

    0 of 0 people found this review helpful
  •  
    Michael Lamkin Tomball, TX USA 06-15-14
    Michael Lamkin Tomball, TX USA 06-15-14 Member Since 2016

    Mike_near_Houston

    HELPFUL VOTES
    1
    ratings
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    19
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    "Yawn. . ."
    Would you try another book from The Great Courses and/or Professor Michael K. Salemi?

    Not if he is the reader/presenter. I'll bet his students struggle to stay awake in the classroom. The material he presents is valuable, albeit not particularly new or unique, but his presentation is sorely lacking


    Would you ever listen to anything by The Great Courses again?

    Yes. Great concept.


    How did the narrator detract from the book?

    See the headline for my review. . .


    1 of 2 people found this review helpful
  •  
    David 04-02-14
    David 04-02-14
    HELPFUL VOTES
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    ratings
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    35
    13
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    8
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    Story
    "Truly a Great Course from 'The Great Courses'"
    Where does Money and Banking: What Everyone Should Know rank among all the audiobooks you’ve listened to so far?

    I listen almost exclusively to non-fiction, expository works. This Course ranks quite high in quality, listenability and interest, in spite of being about Economics.


    What was one of the most memorable moments of Money and Banking: What Everyone Should Know?

    I think the most memorable thing is the speaking ability of Professor Salemi - he is able, through voice and inflection alone, to convey his powerful interest in his subject, and this makes the listener eager to hear what he has to say.


    Which scene was your favorite?

    Not applicable.


    Was there a moment in the book that particularly moved you?

    Not applicable.


    Any additional comments?

    None.

    0 of 0 people found this review helpful
  •  
    Amazon Customer 10-23-13
    HELPFUL VOTES
    2
    ratings
    REVIEWS
    5
    4
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    Story
    "Excellent"

    Perhaps I should say "excellent" as long as you are interested in a lot of depth. I was and found it absolutely fascinating.

    1 of 3 people found this review helpful
  •  
    Jonathan Mattson 04-06-15
    HELPFUL VOTES
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    "Great overview of banking"

    I've never really had a college level economics class, i took AP Micro and Macro econ in high school so always got out of having to take economics in college. So I really enjoyed this series. They covered many topics in a surprising depth including one topic that was key to an interview I had literally a week or two before I listened to the lecture that covered it. Would have saved me lots of time on google.

    I think it teaches much more about the monetary system then I would have learned if i had actually remembered my AP econ classes, plus I didn't hear JMK mentioned in every sentence. Which I think is always great when discussing the banking system. If you have an interest in money and banks, I would strongly recommend this course.

    0 of 1 people found this review helpful

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