ECON 405 - Monetary Theory and Policy

(3 credits)

The theory and practice of monetary policy in a modern open economy. This includes the microeconomic foundations of the demand for assets, including money; interrelationships between nonmonetary assets, money, and rates of return; the ability of central banks to manipulate the money supply and influence economic activity; and the roles of public and private debt in monetary policy. Prerequisites: △ ECON 303 - Intermediate Macroeconomics, △ ECON 304 - Money and Banking, or instructor’s permission. Grade or P/NC.

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