Course Number

ECON 352

Course Title

Money & Banking

Course Date

Spring 2019

Course Level


Professor or Professors' Departmental/Program Affiliation

Richard Higgins, Economics

Document Type





This course addresses classical and contemporary issues in the theory of money, banking, and financial institutions. Topics include: the structure of central banks and the Federal Reserve System, theories of money demand and money supply, the relationship between money supply and economic activity, the theoretical and practical aspects of monetary policy, the efficacy of fiscal policies versus monetary policies, and the role of the Federal Reserve. We will pay particular attention to the money creation process, the evolution of the banking industry and the events leading up to the 2007-2009 financial crisisas well as the response to the crisis by the Federal Reserve and the government.


The syllabus may not be applicable to the current semester. Be sure to verify content with the professor(s) listed in the document.