EC2102_Lecture 6.pdf - Macroeconomic Analysis I Topic 6 The...

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1 Macroeconomic Analysis I Topic 6 The Asset Market, Money and Prices (Abel, Bernanke & Croushore: Chapter 7)
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2 Discuss the functions of money Discuss the factors that affect how people choose which assets they own Examine the macroeconomic variables which affect the demand for money Discuss the fundamentals of asset market equilibrium Discuss the relationship between money growth and inflation Learning Objectives
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3 What Is Money? Money: assets that are widely used and accepted as payment The functions of money Medium of exchange Unit of account Store of value
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