Units: 1.5, Hours: 3-0
Monetary economics studied in the context of overlapping generations models. Barter and commodity money; flat money and inflation; international monetary systems. Financial intermediation, banking, and the money supply. Deficits and the national debt; saving and investment.
Prerequisites: 204, 313; 305 recommended.
Pre- or corequisites: 225.
Undergraduate course in Economics offered by the Department of Economics in the Faculty of Social Sciences.