This course studies the formal role of money, interest rates, interest rate determination, and financial markets within the context of aggregate economic activity. These topics are related to central banks, with a focus on the Federal Reserve, and linked to money supply and the tools of monetary policy. Formal theories and practical implementation of strategies and tactics of monetary policy are addressed, as well as their implications for aggregate economic activity. This course meets Core Curriculum Essential Learning Outcome for Information Literacy (IL) and Written & Oral Communication (WOC).
Pre-Req: ECON 2010 Principles of Microeconomics and ECON 2020 Principles of Macroeconomics.