EC 641 - Money and Banking
(3 cr.) The course addresses the roles that money and banks play in the economy and the regulatory framework that delineates these roles. The course also discusses financial instruments and the behavior of interest rates. The structure and function of the Federal Reserve and the role of monetary policy in stabilizing the economy are examined. The course develops the varying monetary theories that fuel an ongoing debate over the effectiveness of monetary policy. In addition, international financial markets and their role in an increasingly more open and volatile world economy are explored. Prerequisite: EC 600 or EC 601; Every Other Year

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