Survey of monetary and financial economics with an emphasis on macroeconomic elements. Models and theories of money and financial intermediation. Standard methods of introducing money into the neoclassical growth framework, overlapping generations models, and search-theoretical foundations for money.
Intended Learning Outcomes
CILO-1: Identify the impact of monetary policy on economic activity.
CILO-2: Discuss key challenges and opportunities for monetary policy.
CILO-3: Evaluate the role of central banks in the economy.
CILO-4: Apply various framework to research in monetary economics.