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Money and Banking: Monetary Theory

Course Status:	Released	Courseware Features
Course Language:	English
Course Duration:	4 Hours
Deployment Options:	Online, Interactive CDs, Network, Downloads, Intranet

Audience

Business students and employees seeking a broad understanding of the development and operation of American financial institutions

Prerequisites

An understanding of basic economics

Course Aim

To explain different theories about the demand for money, describe aggregate demand and supply analysis, and discuss the relationship between inflation and monetary policy

Learning Objectives

Describe the classical quantity theory of money. Explain Keynes's liquidity preference theory. Discuss developments in the Keynesian approach. Describe Friedman's modern quantity theory. Discuss empirical evidence in terms of support for different theories of money.

Topics Covered

The Demand for Money - Classical theories of money - Keynes's liquidity preference theory - Developments in the Keynesian approach - Friedman's modern quantity theory - Interest rates and the demand for money Aggregate Demand and Supply - Aggregate demand - Aggregate supply - Analyzing aggregate demand and supply Inflation - The money supply and inflation - High employment targets and inflation - Budget deficits and inflation - Activist and nonactivist arguments