ECON 363 Money and Banking (Not offered 2004-2005)
This course consists of three broad areas of study. First, we will explore the role of money and its interaction with other economic variables. Second, we will study the role of the central bank and the conduct of monetary policy. Although special attention will be given to the organization and the operation of the Federal Reserve System, other monetary policy regimes will also be considered. Finally, we will look at the role of financial intermediaries (especially banks) in the flow of funds between savers and investors. Format: lecture. Requirements: problem sets, paper, midterm, and a final exam. Prerequisites: Economics 252. Enrollment limit: 30 (expected: 25).