Financial Institutions

ECON 353

The operations of commercial and central banking and non-banking financial institutions and instruments in the United States, determination of monetary aggregates and interest rates, the financial impacts of Treasury operations, and the linkages from Federal Reserve actions to price level, employment, economic growth, and balance of payments objectives. Coverage of models of monetary economics (for example the Cagan money demand function, cash in advance models). The dynamics and real effects of inflation. Prerequisite: Economics 210D or 372.


Prereq: : ECON 210D OR ECON 372

Curriculum Codes
  • STS
  • SS
Typically Offered
Fall and/or Spring