(3 units). Money and credit; chartered bank structure, practice and competition; financial markets; structure and operations of the Bank of Canada. Factors that determine the amount of money in existence, the process of deposit creation and destruction, and the instruments through which monetary control is implemented. Analysis of the development of the Canadian economy and its monetary policy since World War II. Course Component: Lecture Prerequisite: ECO 1102.
(3 units). Money and credit; chartered bank structure, practice and competition; financial markets; structure and operations of the Bank of Canada. Factors that determine the amount of money in existence, the process of deposit creation and destruction, and the instruments through which monetary control is implemented. Analysis of the development of the Canadian economy and its monetary policy since World War II. Course Component: Lecture Prerequisite: ECO 1102.
