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ECON 473: Money And Banking I (Pre-req: ECON 313 and ECON 314)

Credits: 
3

This is an introductory course in monetary theory.

It begins with the development of modern money from a barter system.

It also focuses on the detailed treatment of the money market in a closed economy with an examination of various theories of the demand for money and measurements and determinants of money supply.

Other areas covered include the terms structure of interest rates and money in the open economy.