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Instructor Class Description

Time Schedule:

Michael Hadjimichalakis
ECON 421
Seattle Campus

Money, Credit, and the Economy

Role of money and the banking system in the United States economy. Relation of money to inflation, interest rates, and business fluctuations. Monetary policy and Federal Reserve System. Prerequisite: minimum grade of 2.0 in ECON 301.

Class description

How households, firms, banks, and the Federal Reserve make their financial decisions and how they interact in the marketplace to determine: interest rates, deposit rates, the quantities of money and credit, national output, and the price level.

Student learning goals

General method of instruction

Lectures/discussion of theory & practice/problem solving.

Recommended preparation

Econ 300 and 301, familiarity with algebra, and willingness to work hard.

Class assignments and grading

a. Textbook reading b. Answers (in class) to end-of-chapter questions c. Additional specific assignments using Federal Reserve data and announcements d. Following the Wall Street Journal.

Two midterms, one final, homework, class participation.

The information above is intended to be helpful in choosing courses. Because the instructor may further develop his/her plans for this course, its characteristics are subject to change without notice. In most cases, the official course syllabus will be distributed on the first day of class.
Last Update by Michael Hadjimichalakis
Date: 05/11/1998