Part 1 Introduction

1. 1 Why study money, banking and financial markets?
2. 2 An overview of the financial system
3. 3 What is money? A comparative approach to measuring money

Part 2 Financial markets

4. 4 Understanding interest rates
5. 5 The behaviour of interest rates
6. 6 The risk and term structure of interest rates
7. 7 The stock market, the theory of rational expectations and the efficient market hypothesis

Part 3 Financial institutions

8. 8 An economic analysis of financial structure
9. 9 Financial crises and the subprime meltdown