(3 units). Monetary transmission mechanisms and channels of monetary influence. Demand for money: theories and their empirical verification. Supply of money. Role of money in a classical and Keynesian macro-system. Modern "Quantity Theory of Money". Monetary aspects of inflation. Government monetary policies for achieving full employment, price stability, and equilibrium in the balance of payments. Course Component: Lecture Prerequisites: ECO 2142, (ECO 2151 or MAT 3375).
(3 units). Monetary transmission mechanisms and channels of monetary influence. Demand for money: theories and their empirical verification. Supply of money. Role of money in a classical and Keynesian macro-system. Modern "Quantity Theory of Money". Monetary aspects of inflation. Government monetary policies for achieving full employment, price stability, and equilibrium in the balance of payments. Course Component: Lecture Prerequisites: ECO 2142, (ECO 2151 or MAT 3375).
