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Money, Banking, Financial Markets & Institutions, 3rd Edition

Michael Brandl

  • Copyright 2026
  • {{checkPublicationMessage('Published', '2025-07-10T00:00:00+0000')}}
Starting At $84.95 See pricing and ISBN options
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Money, Banking, Financial Markets & Institutions 3rd Edition by Michael Brandl
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Overview

Bring concepts of money and banking to life with Brandl’s “Money, Banking, Financial Markets & Institutions” 3rd Edition. This edition examines the macroeconomy early and clearly using only the AS-AD framework. The author places the Great Recession and the COVID pandemic in proper historical context, connecting concepts with previous macroeconomic coursework. Engaging topics are examined, such as money markets and investments, including their economic foundations and the controversies within them. Students delve into topics other books gloss over such as globalization of financial markets, disruption of technology to financial markets and debates over consumer protection in financial markets. MindTap digital resources with Aplia homework solution prepares students to understand, discuss and debate issues in banking and financial markets today.

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Meet the Authors

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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.

What's New

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  • This text includes coverage of how the COVID pandemic impacted money, banking, financial markets and institutions around the world, showing how financial markets can be shocked by external forces and creating a great opportunity to bring in active learning as well multi-discipline approaches.
  • Extensive discussions of the failures of Silicon Valley Bank and Signature Bank in March 2023 are included, creating opportunities to have up-to-date discussions with students and apply course concepts to current issues.
  • The text includes broad coverage of how addressing climate change will impact money, banking, financial markets and institutions. Surveys showing that Gen Z students are very interested in issues related to climate change helps to engage students in the relationships between climate change and course content.
  • Updated discussions show changes in monetary policy in recent years to deal with inflation and changing financial markets. Surveys demonstrate that large portions of the population, including Gen Z, are concerned about the increasing costs of living. By addressing the causes and reactions to global inflation, the course content can be put into current terms that will capture students’ attention.

Features

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  • MINDTAP WITH APLIA DIGITAL LEARNING SOLUTIONS ENSURES COMPREHENSION. MindTap helps you transform students into critical thinkers by using personalized assignments, applications, real-time course analytics and an accessible reader. MindTap learning tools help you turn apathy into engagement and memorizers into higher-level thinkers. In addition, today's leading homework solution improves outcomes by increasing student engagement. Interactive assignments connect concepts to the real world, while auto-graded homework ensures students come to class prepared.
  • APPROACHABLE, READER-ORIENTED WRITING STYLE ENCOURAGES STUDENT-CENTERED LEARNING. This edition reads like a conversation, rather than a lecture, as the author presents material in a unique way to foster discussion, contemplation and debate, as opposed to simple memorization. Rather than long, boring chapters that prompt students to simply use the text as a reference, the presentation inspires students to read the material before class and learn together -- and from each other -- with open-ended questions at the end of short, lively sections.
  • UNIQUE, DIGITAL SUPPORT THROUGHOUT MINDTAP REINFORCES KEY CONCEPTS FROM THE BOOK. A variety of digital assets available online through MindTap are tailored to the individual ways today's students learn. Readers are able to use a variety of tools to review and apply important course material in a dynamic, appealing way.
  • "CONCEPT CLIPS" ANIMATE KEY PRINCIPLES AND TERMINOLOGY FOR CLARIFICATION. Short, fast-paced, entertaining animations highlight important concepts and ensure retention. These often humorous Concept Clips help students master terminology and further encourage students to talk to each other and learn from each other.

Table of Contents

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Part I: MONEY AND ITS PRICES.
1. Introduction and Overview.
2. Money, Money Supply and Interest.
3. Bonds, Loanable Funds & Interest Rates.
4. Interest Rates in More Detail.
Part II: MONEY AND OVERALL ECONOMY.
5. Financial Markets through Time.
6. Aggregate Supply & Aggregate Demand.
7. Banks and Money.
Part III: CENTRAL BANKS.
8. Central Banks.
9. Monetary Policy Tools.
10. The Money Supply Process.
11. Monetary Policy & Debates.
Part IV: THE BANKING SYSTEM.
12. Bank Management.
13. Bank Risk Management & Performance.
14. Banking Regulation.
Part V: FINANCIAL MARKETS.
15. Money Markets.
16. Bond Markets.
17. The Stock Market.
18. Mortgage Markets.
Part VI: GLOBAL FINANCIAL MARKETS.
19. Foreign Exchange Markets.
20. Global Financial Architecture.
Part VII: FINANCIAL INSTITUTIONS.
21. Thrifts and Finance Companies.
22. Insurance and Pensions.
23. Mutual Funds.
24. Investment Banks and Private Equity.

Compare Buying Options

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MindTap Options

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MindTap
Each MindTap product offers the full, mobile-ready textbook combined with superior and proven learning tools at one affordable price. Students who purchase digital access can add a print option at any time when a print option is available for their course.

This Cengage solution can be seamlessly integrated into most Learning Management Systems (Blackboard, Brightspace by D2L, Canvas, Moodle, and more) but does require a different ISBN for access codes. Please work with your Cengage Learning Consultant to ensure the proper course set up and ordering information. For additional information, please visit the LMS Integration site.

Standalone Digital Access — Ultimate Value

Recommended and most popular

  • ISBN-10: 8214041716
  • ISBN-13: 9798214041711
  • RETAIL $84.95
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Textbook Only Options

Traditional eBook and Print Options

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  • ISBN-10: 8214041791
  • ISBN-13: 9798214041797
  • RETAIL $84.95

  • ISBN-10: 8214041708
  • ISBN-13: 9798214041704
  • RETAIL $204.95
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Students: Buy now

Supplements

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Cengage provides a range of supplements that are updated in coordination with the main title selection. For more information about these supplements, contact your Learning Consultant.

FOR STUDENTS

MindTap for Brandl's Money, Banking, Financial Markets and Institutions, 1 term Instant Access

ISBN: 9798214041711
MindTap for Brandl’s “Money, Banking, Financial Markets & Institutions” 3rd Edition, is the online learning platform that powers students from memorization to mastery. It gives you complete control of your course to provide engaging content, challenge every individual and 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.