An examination of recent developments in the field of monetary theory. Topics include market-clearing and non-market-clearing models of business cycle fluctuations, rational expectations, the policy ineffectiveness debate, and the time inconsistency of optimal policy. Weekly hours: 3 Lecture hoursPrerequisite(s): ECON 214.3 or ECON 274.3; one of MATH 104.3, MATH 110.3, MATH 121.3, MATH 123.3, MATH 125.3, MATH 133.4, or MATH 176.3; and permission of the department.
An examination of recent developments in the field of monetary theory. Topics include market-clearing and non-market-clearing models of business cycle fluctuations, rational expectations, the policy ineffectiveness debate, and the time inconsistency of optimal policy. Weekly hours: 3 Lecture hoursPrerequisite(s): ECON 214.3 or ECON 274.3; one of MATH 104.3, MATH 110.3, MATH 121.3, MATH 123.3, MATH 125.3, MATH 133.4, or MATH 176.3; and permission of the department.
