Designed to provide students with a working knowledge of the roles of commercial and central banks in the U.S. economy. Topics of special interest include: (1) monetary policies, including interaction effects with fiscal policy, and influences on the "real" sector of the economy; (2) analysis of the role of monetary factors in our recent inflation-prone economy; (3) the significance to the domestic economy of international financial developments such as the "declining dollar." Falls and Springs. Prerequisite(s): EC 2550 and EC 2560.