Designed to provide students with a working knowledge of the roles of commercial and central banking in the U.S. economy. Topics of special interest include: (1) monetary policy, including interaction effects with fiscal policy; (2) analysis of the role of monetary factors in our recent inflation-proof economy; and (3) the significance to the domestic economy of international financial developments, particularly the role of the "Eurodollar." Of special interest is the recent inability of the banking system to compete effectively for funds with other financial intermediaries (especially money market mutual funds). Prerequisite: Macroeconomics competency or permission of the instructor.
*All course information is from the 2014-2015 Catalog.