Course ID: | ECON 8610. 3 hours. |
Course Title: | Monetary Economics I |
Course Description: | Monetary and banking theory, emphasizing the microfoundations of monetary exchange and bank intermediation, the determinants of money supply and demand, and the macroeconomic consequences of monetary shocks and bank failures. |
Oasis Title: | MONETARY ECON I |
Prerequisite: | ECON 8040 |
Semester Course Offered: | Offered every year. |
Grading System: | A-F (Traditional) |
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Course Objectives: | This course provides an overview of monetary and banking theory. The emphasis will
be on the microfoundations of monetary exchange and of money demand and supply and
on the macroimplications of monetary and banking system disturbances. The class will
gain a firm conceptual and intuitive understanding of important theories, with
relatively less emphasis upon mathematical models, empirical evidence, or policy. |
Topical Outline: | Microfoundations of Monetary Theory
The Overlapping-Generations Approach
The Evolution of Money
The Demand for Money
Price-Level Adjustment
Theories of Expectations - Formation
Deficient Money
Redundant Money
Optimal Price-Level Behavior
Banking and Central Banking
The Supply of Bank Money
Money and the Business Cycle
Banking Panics |