ECON 360
Monetary Economics Spring 2021
Division II Quantative/Formal Reasoning
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Class Details

This course covers a range of theoretical and applied issues bearing on monetary policy as conducted in the U.S. and abroad. Topics to be discussed include: What causes inflation? What are the channels through which monetary policy affects the economy? Why should central banks commit to policy rules? How do exchange rates respond to monetary policy? How did the gold standard work? And will cryptocurrencies replace the dollar? In addition, we will develop and learn how to simulate the “New Keynesian” macroeconomic model, which has become the standard framework for monetary policy analysis for central banks around the world.
The Class: Format: lecture
Limit: 20
Expected: 20
Class#: 5058
Grading: yes pass/fail option, no fifth course option
Requirements/Evaluation: at least one exam, a research paper and a class presentation
Prerequisites: ECON 252 and 255. Multivariate calculus (MATH 150 or 151) is recommended but not required
Enrollment Preferences: junior and senior Economics majors
Distributions: Division II Quantative/Formal Reasoning
QFR Notes: The course entails the use of mathematical economic models, the presentation of quantitative information, and the interpretation of statistical analysis.
Attributes: GBST Economic Development Studies Electives
POEC International Political Economy Courses

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