Nelson Higher Education

Higher Education

Money, Banking, Financial Markets and Institutions, 1st Edition

  • Michael Brandl
  • ISBN-10: 0538748575
  • ISBN-13: 9780538748575
  • 600 Pages | Hardcover
  • COPYRIGHT: 2017 Published
Request a Copy for Review


About the Product

Unlike other Money and Banking texts, where the discussion of the macroeconomy is left to the end in a confusing blur of IS-LM and AS-AD models, Brandl’s MONEY, BANKING, FINANCIAL MARKETS AND INSTITUTIONS examines the macroeconomy early. The author does so in a clear concise manner using only the AS-AD framework. With the recent economic crisis as a backdrop, the book demonstrates links between the macroeconomic course work that students have just completed and your money and banking course. While other similar books gloss over important topics, such as money markets and investments, this text examines these markets and entities using an interesting, thought-provoking approach. The author goes beyond merely describing these market and institutions to bring these concepts to life by examining the economic foundations of these markets and the controversies within them. Accompanying MindTap with Aplia online tools further enhance the book’s student-oriented approach.


  • MINDTAP® WITH Aplia OFFERS DIGITAL LEARNING SOLUTIONS THAT ENSURE COMPREHENSION. MindTap® helps you transform today's students into critical thinkers. Through personalized assignments and applications, real-time course analytics and an accessible reader, MindTap® helps you turn apathy into engagement and memorizers into higher-level thinkers. In addition, Aplia improves outcomes and promotes critical thinking by increasing student engagement. Interactive assignments connect concepts to the real world while auto-graded homework ensures students come to class prepared.

  • BOOK OFFERS APPROACHABLE, STUDENT-ORIENTED WRITING STYLE. This engaging book reads much more like a conversation than a lecture. The author presents material in a unique way to foster discussion, contemplation and debate as opposed to simple memorization and regurgitation.

  • DIGITAL ASSETS REINFORCE KEY CONCEPTS FROM THE BOOK. A variety of digital assets available online through MindTap® offer students a numerous opportunities to review and apply important course material in a dynamic, appealing way.

  • CONCEPT CLIPS ANIMATE KEY PRINCIPLES FOR CLARIFICATION. Short, fast paced, entertaining animations highlight important concepts and ensure retention.

  • WHITEBOARD EXPLANATIONS CLARIFY CRITICAL CONCEPTS. These fast-paced explanations of equations give students clarification that they can view repeatedly.

  • SOUND BITS PROVIDES STRATEGIC AUDIO REVIEW. For students who prefer audio reinforcement, this book offers helpful Sound Bits with reviews of crucial material for students.

  • COGNERO® ONLINE TESTING SAVES YOU TIME EXAM PREPARATION AND GRADING. Cengage Learning Testing, powered by Cognero®, provides a flexible, online system that allows you to import, edit, and manipulate content from the book's test bank or another source, including your own favorite test questions. You can create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want.

  • FULL SUITE OF INSTRUCTOR SUPPLEMENTS ASSISTS IN EFFICIENT CLASS PREPARATION. You will find an invaluable Instructor's Manual, online testing, and numerous PowerPoint® slides.

About the Author

Michael Brandl

Dr. Michael Brandl received his B.S. in economics from the University of Wisconsin at Madison and his Ph.D. in economics from the University of Houston. His research interests include economic growth, financial economics, and labor economics. His teaching focuses on the application of economic theory to management decision making as well as global financial markets. He has won more than 45 teaching awards for work with undergraduates in economics and finance, M.B.A. students, and Executive M.B.A. students. Previous to joining the Rice University faculty, Dr. Brandl served on the faculty at The Ohio State University Fisher College of Business and in the Department of Economics. Prior to this, he taught at University of Texas at Austin McCombs School of Business and has held visiting positions at University of Wisconsin-Madison Department of Economics, Texas A&M May College of Business, University of Houston Department of Economics, and Aalto University School of Business (Finland). As a consultant, Dr. Brandl offers custom training for numerous entities, including 3M, LG Electronics, Motorola, Texas Instruments, Frito-Lay, Texas Association of Counties, and American Public Power Association. He also serves as an economic consultant with the Magee & Magee consulting firm, where he has provided economics analysis in a variety of anti-trust, patent infringement, intellectual property, and economic damage litigation cases.

Table of Contents

1. Introduction and Overview.
2. Money, Money Supply and Interest.
3. Bonds, Loanable Funds & Interest Rates.
4. Interest Rates in More Detail.
5. Financial Markets through Time.
6. Aggregate Supply & Aggregate Demand.
7. Banks and Money.
8. Central Banks.
9. Monetary Policy Tools.
10. The Money Supply Process.
11. Monetary Policy & Debates.
12. Bank Management.
13. Bank Risk Management & Performance.
14. Banking Regulation.
15. Money Markets.
16. Bond Markets.
17. Stock Market & Efficiency.
18. Mortgage Market.
19. FX.
20. Global Financial Architecture.
21. Thrifts and Finance Companies.
22. Insurance and Pensions.
23. Mutual Funds.
24. Investment Banks and Private Equity.


All supplements have been updated in coordination with the Main title.
Please see Main title page for new to this edition information.

Instructor Supplements

Companion Website  (ISBN-10: 128508683X | ISBN-13: 9781285086835)

Find everything you need in one place. The Instructor's password-protected section of this website contains electronic versions of the Instructor's Manual, Test Bank in Word, PowerPoint® Lecture Slides and Exhibit Slides, Supplemental Case Studies, and the Teaching Assistance Manual.

Cengage Testing, powered by Cognero® Instant Access  (ISBN-10: 1305576462 | ISBN-13: 9781305576469)

Cengage Learning Testing, powered by Cognero®, is a flexible, online system that allows you to import, edit, and manipulate content from the text's test bank or elsewhere, including your own favorite test questions. Create multiple test versions in an instant and deliver tests from your LMS, your classroom, or wherever you want.

MindTap Economics, 1 term (6 months) Instant Access for Brandl's Money, Banking, Financial Markets and Institutions  (ISBN-10: 1305628594 | ISBN-13: 9781305628595)

MindTap Economics for Brandl's Money, Banking, Financial Markets and Institutions is the digital learning solution that powers students from memorization to mastery. It gives you complete control of your course—to provide engaging content, to challenge every individual, and to build their confidence. Empower students to accelerate their progress with MindTap. MindTap: Powered by You. MindTap gives you complete ownership of your content and learning experience. Customize the interactive syllabi, emphasize the most important topics, and add your own material or notes in the eBook.

Student Supplements

MindTap Economics, 1 term (6 months) Instant Access for Brandl's Money, Banking, Financial Markets and Institutions  (ISBN-10: 1305628594 | ISBN-13: 9781305628595)

MindTap Economics for Brandl’s Money, Banking, Financial Markets and Institutions helps you learn on your terms. INSTANT ACCESS IN YOUR POCKET. Take advantage of the MindTap Mobile App to learn on your terms. Read or listen to the book and study with the aid of instructor notifications, concept clips, progression graphs, flashcards, and practice quizzes. MINDTAP HELPS YOU CREATE YOUR OWN POTENTIAL. GEAR UP FOR ULTIMATE SUCCESS. Track your scores and stay motivated toward goals. Whether you have more work to do or are ahead of the curve, you’ll know where to focus efforts. And the MindTap Green Dot will charge your confidence along the way. MINDTAP HELPS YOU OWN YOUR PROGRESS. MAKE THE TEXT YOURS. No one knows what works for you better than you. Highlight key text, add notes, and create custom flashcards. When it’s time to study, gather everything you’ve flagged into a guide you organize.