In this course, we study the role played by money, banking, and financial markets in the modern economy, with a particular emphasis on how financial intermediation facilitates exchange and how financial conditions promote (or inhibit) economic activity. Specific topics include stock and bond markets, financial institutions and banking regulation, central banking and monetary policy, international finance, and financial crises. We will learn the channels through which financial markets can affect employment, output, and inflation, and we will assess the effects of various policies on financial markets and broader economic conditions.
Requisite: ECON 111/111E. Limited to 25 students. Fall and spring semesters. Professor Khan.
If Overenrolled: Some preference will be given to a) students who have taken fewer 200 level economics classes and b) economics majors. The class will be selected to achieve a group with diverse academic backgrounds and interests.