ECO 590LEC - Monetary Theory

This course is developed to provide students with knowledge of basic monetary theory. By taking this course, students will 1) learn the advantages of using fiat money over commodity monies, 2) learn a simple model of money where money is used as a medium of exchange, and 3) learn how to apply this model to various monetary issues including inflation, banking, central banking, and the effects of money on saving, investment, and output.

Credits: 3