ECON 401 - Money and Banking (3)

Examination of determinants of the money supply; overview of the nation’s financial system and the activities of non-banking institutions; in-depth discussion of commercial banking; and study of the structure and functions of the Federal Reserve System. Includes monetary theory and the mechanisms connecting the money supply with economic activities, as well as the weaknesses of monetary policy. Discussions cover the relations and effects of the world’s banking systems, including the International Monetary Fund. Prereq: ECON 201. Offered: On rotation.