This course is about the economics on money and banking. Focus will be laid on the theoretical and empirical aspects of monetary policy in economic development and in the entire macroeconomics stabilization. Students will firstly learn the role of financial markets, with emphasis on interest rate and bond market, then to explore financial institutions and the currently arising issues that they are facing. Students will be familiarized with the influences that the monetary policy cast on the financial markets, with the three players and their roles in the money supply process and how the monetary policy is conducted. Upon completion, students are expect to utilize the empirical approaches to analyze and solve real world problems.