Course Schedule and Catalog
Course Catalog - 2017-2018
ECON 455 - MONEY AND BANKING
Long Title: MONEY AND BANKING
Department: Economics
Grade Mode: Standard Letter
Language of Instruction: Taught in English
Course Type: Lecture
Credit Hours: 3
Restrictions:
May not be enrolled in one of the following Level(s):
Graduate
Prerequisite(s): (ECON 203 OR ECON 303 OR ECON 375) AND (ECON 200 OR ECON 301 OR ECON 370)
Description: Micro-foundations of monetary, fiscal and financial theory. Examines the unique roles of money and of banking in providing the transactions mechanism and in the functioning of financial markets. Explains the use of valued fiat, unbacked money which appears to violate basic microeconomics, in the context of Samuelson's overlapping generations model, including the implications for monetary and fiscal policy and for inflation. Discusses bank runs and financial instability.