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ECON 4450  MONETARY THEORY AND POLICY (3 credits)

Monetary policy has an important effect on economic magnitudes, including the level of output, interest rates, inflation rates, exchange rates, and many other variables. This course provides an in-depth analysis of the role that the Federal Reserve plays in our economy. This involves how monetary policy is transmitted to various markets. (Cross-listed with ECON 8456).

Prerequisite(s)/Corequisite(s): ECON 3220, or permission of instructor.