Noh Hyung-kyu et al.: Monetary and Financial Theory (2nd semester of 2026, workbook included)

This textbook covers two main topics: financial markets and money markets. Chapters 1 through 6 fall under the category of microeconomics because they primarily analyze financial markets. Chapters 7 through 12 fall under the category of macroeconomics, as they analyze the national economy while keeping in mind the interrelationships between the money market and other markets. In analyzing financial markets, the financial system is introduced first, followed by an examination of the financial activities of various financial entities, including financial institutions. The characteristics and prices of financial products traded within the financial market are then explained. The analysis of the money market begins with the supply and demand theories of money to derive the equilibrium of the money market and analyze the impact of monetary policy on major economic variables. In particular, it analyzes the content of monetary and financial policies advocated by various schools of thought that hold differing positions regarding the effectiveness of monetary policy and the macroeconomic structure, by comparing their theoretical differences.

Korean title: 화폐금융론 (26-2학기,워크북포함)

Korean author: 노형규 외

Korean publisher: 한국방송통신대학교출판문화원

ISBN-13: 9788920029936