Ec 420 Money And Banking

Functional and empirical definitions of money and interest rates. Characteristics and role of bank and non-bank financial institutions in determining the level of money and interest rates. History of the Federal Reserve System. Instruments of monetary control by the Federal Reserve. Alternative models of monetary influence on the economy. Also offered for graduate-level credit as Ec 520 and may be taken only once for credit.

Credits

4

Prerequisite

Prerequisites: Ec 201, Ec 202, Ec 312 or consent of instructor.