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Prof. Ghosh- Teaching
Current Courses
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Monetary
Economics/ Money & Banking
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All Courses
Description
Analysis of aggregate economic activity. Topics include
consumption, investment, and public spending; money and credit; theories of
inflation and unemployment; the role of government in influencing total expenditures
and regulating financial institutions; the international role of the United
States.
Description
This is a course in the economics of money, banking and financial markets. The
course will focus on the basic features of asset market equilibria and the nature
of
interactions between private sector agents, the banking system, and the central
bank. The
course will begin with a description of what money is, and how short and long
term
interest rates are determined in financial markets. It will then build on these
concepts to
introduce other kinds of financial instruments, and study the stock market and
foreign
exchange markets. The institutional structure of central banking and of bank
financial
intermediation in the U.S. will also be discussed. The role of monetary policy
as a tool of
macroeconomic stabilization and economic growth will be examined at length.
Prerequisities for this course are Economics 102 and/or 302.
Description
This is a course in open economy macroeconomics and
international finance. The course
will introduce the basic structure of an open economy and foreign exchange markets,
and then build on this framework to address topics such as the US current account
deficit, choice of exchange rate regime, international capital flows, currency
and balance of payments crises, macroeconomic policy in open economies, and the
role of the IMF. This is a topics course, so the emphasis will be on using simple
analytical frameworks to address debates and questions of policy relevance in
today’s world.
Prerequisites: Economics 302.
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