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Class number:
3126
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Title: Modern Monetary Debates |
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Department: Economics |
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Career: Undergraduate |
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Component: Lecture |
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Session: Regular |
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Instructor's Permission Required: No |
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Grading Basis: Regular |
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Units: 1.00 |
| Enrollment limited to 25 |
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Current enrollment: 20 |
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Available seats: 5 |
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Start date: Monday, January 22, 2024 |
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End date: Friday, May 10, 2024 |
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Mode of Instruction: In Person |
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Schedule: MWF: 10:00AM-10:50AM, LSC - 133 |
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Instructor(s): McKenna, Edward |
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Prerequisite(s): Prerequisite: C+ or better in Economics 302. |
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Distribution Requirement: Meets Social Sciences Requirement |
Course Description:
In this course we will look at a number of questions relating to monetary theory and policy for which economists have proposed different, and often conflicting, answers. Among the questions we will address are the following: 1) Does monetary policy favor the rich, leading to increasing inequality with respect to income and wealth, 2) Does money arise as a result of the inefficiency of barter, or from the need for credit in a market economy, 3) Does the endogenous nature of money imply that the Federal Reserve cannot control the money supply, and 4) Must banks wait for deposits before they can increase loans and the money supply, or can banks simply increase loans and the money supply at their discretion? |