Monetary Theory and Policy

This course will cover the determination of interest rates, portfolio theory, the demand for money, and the supply of money process. Emphasis will be on the difficulties faced by the Federal Reserve in its goals of achieving a steady growth in aggregate demand while doing its best to ensure that monetary disorder, such as that which characterized the Great Depression, does not reoccur. (ECON 0150 and ECON 0155) 3 hrs. lect.