EC335 Monetary Economics
SOUTHEAST MISSOURI STATE UNIVERSITY
Department of Economics and Finance
COURSE SYLLABUS, EC335, Monetary Economics

Revised in October 1989

I. Catalog Description and Credit Hours of Course

Analysis of money's role in the U.S. Economy. Emphasis on the Federal Reserve System and monetary policy. (3)

II. Prerequisite(s)

MA134 College Algebra

EC215 Principles of Microeconomics

EC225 Principles of Macroeconomics

III. Purposes or Objectives of the Course

The primary objectives of this course are initial answers to the following four questions: What is money? How is it produced? How much money should be produced? How is the dollar related to foreign monies?

IV. Expectations of Students

Normal expectations, including two hours of time spent outside of class for each hour of class.

V. Course Outline

A. Money and Near-Monies

B. Foreign Exchange and the Dollar

C. Financial Markets

D. Private Money Producers

E. Private Money Production Process (Fractional Reserve Banking)

F. Public Money Production Process (Federal Reserve System)

G. Public Money Production Process and Federal Finance (Role of the U.S. Treasury)

H. Monetary Theory and Policy

1. IS-LM Model

2. Capital-Based Macroeconomics

3. Federal Reserve Policy

VI. Textbook(s) and/or Other Required Materials or Equipment

Principles of Money, Banking, and Financial Markets, Ritter, Lawrence S. and William L. Silber,  Eleventh Edition, New York: Basic Books, 2004.

VII. Basis of Student Evaluation

The student's grade will be based on his performance on exams, including the regularly scheduled final. Some combination of homework assignments, quizzes, and written assignments may enter into the evaluation process as well.