Content of the course:

I. Fundamentals

A. Nature of money
B. Measurement of the money supply
C. Measurement of the price level (index numbers)
D. The Crude Quantity Theory of Money
American Treasure in Spain 1505-1650
E. Macroeconomic theory
F. Monetary policy

II. Interest rates

A. The economic functions of interest rates Rates Calculator

B. Present value calculations and investment decisions
C. The price of bonds
D. The term structure of interest rates
E. The risk structure of interest rates
F. Interest rates and inflation, nominal and real interest rates
G. Foreign exchange rates and differential interest rates
H. Derivatives
III. The money supply process

A. Fractional reserve banking and bank management
B. Open market operations
C. Nonbank financial institutions
D. Financial innovation
E. A Money Supply Computer using ie4

IV. Financial markets and central banks

A. Stability of financial markets
B. Regulation of the banking industry
C. Fraud and speculation in the banking industry
D. The Japanese Financial System and the Japanese Economic Bubble

V. Monetary theory and policy

A. The quantity theory of money and the equation of exchange
B. The Simplest Macroeconomic Model
C. The IS-LM model
D. The goals and tools of monetary policy
E. Hyperinflation

Content of the course:

I. Fundamentals

II. Interest rates A. The economic functions of interest rates Rates Calculator

III. The money supply process

IV. Financial markets and central banks

V. Monetary theory and policy

II. Interest rates

A. The economic functions of interest rates Rates Calculator