This course aims to systematically interpret the main contents of money, banking and financial markets, and the important roles of money in our economic developments. The students will be led to examine the operating mechanism of the financial markets, commercial banks and the central banking system, and their respective roles in monetary policy transmissions. In particular, this course will discuss the different situations both in China and in the U.S. and focus on the similarities and differences of them in monetary policy related parts, so that the students can have a better understanding of the implementations of China’s monetary policy.