econ4721h_syllabus - University of Minnesota ECON 4721H...

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ECON 4721H: Money and Banking Fall 2011 Monday, 10:10-11:00am, Blegen Hall 245 Instructor: Satoshi Tanaka Office: 3-155 Hanson Hall E-mail: [email protected] Phone: (612) 624-9357 Office Hours: Wednesday, 11:00 a.m.-1:00 p.m. Course Webpage: Course Description: Econ 4721H addresses money and its role in an economy through studying simple economic models. We will answer three main questions: Why does money exist? What is the role of the banking system? How fiscal and monetary policy measures influence aggregate economy? We will often be motivated by institutions and events in the economies of the U.S. and other countries, but the emphasis will be on understanding theoretical principles by analyzing general models. Last, but not least, an added goal of the course is to test important theoretical results on real-world data and examples. I think that any Macroeconomics course should balance a strong theoretical background and empirical analysis. Get ready to crunch some data. Prerequisites: Econ 3101 or equivalent; Math 1271; need to meet Honors requirements. Required Textbook: No textbook is required for this course. But, I will use the following book as a basic reference. Money, Banking, and Financial Markets , Stephen G. Cecchetti Other References: Modeling Monetary Economics, Bruce Champ and Scott Freeman. Asset Pricing
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econ4721h_syllabus - University of Minnesota ECON 4721H...

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