A study of the evolution and kinds of money, its functions and its economic significance. Topics discussed include theories of the demand for money, the money supply process with particular emphasis on the role of chartered banks, central banking, and financial intermediation. The concepts developed in this analytical survey are then utilized to evaluate recent Canadian monetary policy. Weekly hours: 3 Lecture hoursPrerequisite(s): ECON 211 or ECON 273.
A study of the evolution and kinds of money, its functions and its economic significance. Topics discussed include theories of the demand for money, the money supply process with particular emphasis on the role of chartered banks, central banking, and financial intermediation. The concepts developed in this analytical survey are then utilized to evaluate recent Canadian monetary policy. Weekly hours: 3 Lecture hoursPrerequisite(s): ECON 211 or ECON 273.
