—Home

—Syllabus and Reading Assignments

--Lecture Notes

Readings in Money and Banking

--Part I

--Part II

--Part III

--"Banking" (forthcoming in the Encyclopaedia Britannica)

--How Much is Something Worth if it's "Not Worth a Dam?"

--Midterm I Exam Key

--Midterm II Exam Key

--Grades

ECON 4100 - MONETARY ECONOMICS: INSTITUTIONS, THEORY, AND POLICY

This is an intermediate-level course on the principles of money and banking. Part I of the course examines the nature and historical development of monetary and banking institutions. Part II looks at the determinants of the supply of and demand for money, introduces the concept of "monetary equilibrium," and then considers the effects of monetary disturbances on commodity prices, interest rates, and real output. Part III, finally, deals with questions of monetary policy, including various schemes for reforming existing banking and currency arrangements.