| Course ID: | ECON 4030. 3 hours. |
| Course Title: | Money and Banking |
Course
Description: | Money and banks in the economy, with lectures on financial intermediation, how interest rates are determined, domestic banking regulations, international banking and exchange rates, and monetary theory and policy. |
| Oasis Title: | Money and Banking |
| Duplicate Credit: | Not open to students with credit in ECON 4030H |
| Prerequisite: | (ECON 2106 or ECON 2106H or ECON 2106E) and (ECON 2105 or ECON 2105H or ECON 2105E) |
Semester Course
Offered: | Offered every year. |
| Grading System: | A-F (Traditional) |
|
| Course Objectives: | The course examines the nature and historical development of monetary and banking
institutions. It then looks at the determinants of the supply of and demand for
money, the concept of "monetary equilibrium," and the effects of monetary
disturbances on commmodity prices, interest rates, and real output. The final
topics considered deal with questions of monetary policy, including schemes for
reforming existing banking and currency arrangements. |
| Topical Outline: | The Nature and Functions of Money
The Evolution of Money
The Origins of Banking
Central Banks and Fiat Money
The Development of Banking in the United States
The Civil War and its Monetary Legacy
The Federal Reserve and After
The Theory of Money Supply
The Demand for Money
Money and Inflation
Money and Interest Rates
Money and Output
The Business Cycle
Banking Crises and Bank Regulation
International Monetary Regimes
Domestic Monetary Policy
Monetary Alternatives |