ECO 355 - Monetary Economics

Course Units: 1.0

What money has been and what it is today, through an analytical study of modern financial institutions such as the Federal Reserve and its evolving role in monetary policy. The course examines the workings of money markets through the lens of Fed funds, repo and eurodollar markets. The course introduces payment systems, foreign exchange markets, and the macroeconomic implications of monetary policy, using both historical and contemporary perspectives. Competing frameworks-including Monetarist, Keynesian, and the emerging “Money View”-are compared to understand how monetary policy affects financial stability, inflation, and employment in today’s macroeconomy Prerequisite(s): ECO 241 , ECO 242 , and ECO 243 ; ECO 241 may be taken concurrently. CQ: SOCS, WAC ISP: AMS