△ ECON 304 - Money and Banking

(3 credits)

The nature and functions of money. Current definitions of the money supply and the process of money creation. The financial system and the central bank. The demand for money, interest rate determination, introduction to monetary policy. Prerequisites: ◆ ECON 222 - Statistics for Business and Economics or STAT 210 - Statistics, ECON 201 - Principles of Microeconomics, and ECON 202 - Principles of Macroeconomics. △ ECON 303 - Intermediate Macroeconomics is strongly recommended. Grade only. Offered annually.