Economics (ECON)
Department of Economics
Faculty of Public Affairs
ECON 4607 [0.5 credit]
Monetary Theory I
Foundations of monetary theory. Classical, Keynesian and other money transmission mechanisms; the "optimum quantity of money"; estimates of supply and demand; difficulties of policy implementation in open and closed economies and in a growth context.
Prerequisites:
ECON 2003 with a grade of C- or higher, and
ECON 2103 with a grade of C- or higher.
Lectures three hours a week.