Course Description
Money and financial markets, emphasizing the evolution and economic rationale of money and financial institutions, determinants of the price level and interest rates, alternative monetary policies, and international monetary relations.
Additional Requirements for Graduate Students:
A course project or additional exam will be required of graduate students.
Athena Title
Monetary Economics
Prerequisite
ECON 4010 or ECON 4020
Semester Course Offered
Offered every year.
Grading System
A - F (Traditional)
Course Objectives
Students will learn the nature and historical development of monetary institutions, understand determinants of supply and demand for money, analyze effects of monetary disturbances on money, and examine monetary policy alternatives.
Topical Outline
Overview of Money, Banking, and the Financial System The U.S. Financial System Understanding Money Defining and Calculating the Various Rate, Yields, and Values Associated with Financial Instruments Understanding the Behavior of Interest Rates The Risk and Term Structure of Interest Rates The Organization and History of the Federal Reserve System The Money Supply Process The Tools of Monetary Policy Conducting Monetary Policy Money and the Economy: Monetary Theory
Syllabus