This course examines the connection between the financial system and the macroeconomy. We will discuss topics including the monetary system; the measurement of money supply; the relationship between the bond market and the money market; the goals, targets, and tools of monetary policy; and the independence of central banks in conducting monetary policy. To enhance the acquaintance of materials throughout the course, students will read carefully, complete regular quizzes, problem sets, data and group work assignments, and exams. Prerequisite: ECON320.
No textbook is required. Teaching materials will be provided to students.
Reading References: Principles of Economics, 10th edition, by Gregory N. Mankiw, ISBN 978-0-357-722718 (paperback),
Economics of Money, Banking and Financial Markets, 13th edition, by Frederic Mishkin, ISBN 9780136894353,
Macroeconomics, 5th edition, by Charles Jones, ISBN 978-0-393-41736-4 (e-book),
Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy, by William A. Barnett, ISBN 978-0-262-01691-9.