Monetary Theory

3 credits

Theoretical analysis of economies that use money; the emergence of money; the roles of money in the economy; models of money demand; the optimal quantity of money seignorage and inflation; monetary policy and macroeconomic stability; monetary policy in an open economy. Prerequisite: One of ECON 301, ECON 304, ECON 315, COMM 295 and one of ECON 302, ECON 305, ECON 309.