Time Schedule:
Michael Hadjimichalakis
ECON 421
Seattle Campus
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: 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.
