syllabus-451

syllabus-451 - Economics 451 Monetary Theory and Policy...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Economics 451 Monetary Theory and Policy Spring 2010 Instructor : Professor Ruilin Zhou, 521 Kern, 865-2234, e-mail: [email protected] O ce hours: W 4{5pm, F 12:30{1:30pm, or by appointment Teaching assistant : Koichi Miyazaki, 404 Kern, e-mail: [email protected] O ce hours: M 2{3pm, W 11am{12pm Class meetings: Tu, Th 9:45am{11:00pm, 129 Waring Course objective . This course explores a wide range of topics on the theories of money and banking. The strategy of the course is to develop a simple model of overlapping generations to examine the importance of money, banks, and other nancial institutions in market economies. The topics studied in this framework include: role of money, determination of the medium of exchange, e ects of in ation, role of banks, control of the money supply, and e ect of the national debt on saving and investment. Course materials . Required textbook: Bruce Champ and Scott Freeman, Modeling Monetary Economies , Cam- bridge: Cambridge University Press, 2nd edition, 2001. The approach of this textbook is to present monetary economics from rst principles using the classical paradigm of rational agents in a market setting. The text builds on a simple, clear monetary model and applies this framework consistently to a wide variety of monetary questions. Students interested in a more institutional approach can nd it in Frederic Mishkin, The Economics of Money, Banking, and Financial Markets (Pearson-Addison Wesley, 8th edi- tion, 2006). However, this institutional approach is not going to be used in the course. Course Website . Angel (https://cms.psu.edu). Course-related materials, such as the syllabus, problem sets and answers, announcements, will be posted at the course website. Prerequisites . Econ 302 or Econ 304. Guideline . The most e ective way to learn the material in this course is to attend class . This is a theoretical, model-based course. It is very important that you come to class to get a detailed explanation and analysis of each model and the interpretation of the results....
View Full Document

This note was uploaded on 04/06/2010 for the course ECON 0 at Penn State.

Page1 / 4

syllabus-451 - Economics 451 Monetary Theory and Policy...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online