This course is concerned with various topics in monetary and macroeconomics including anticipated inflation, hyperinflation, output effects of monetary policies, alternative techniques of monetary policy implementation, and the interaction of monetary and fiscal policy strategies. Analysis of these issues is conducted by means of simple by explicit dynamic models incorporating rational expectations. In addition, attention is devoted to alternative types of monetary systems commodity vs. paper money, for example. This segment of the course includes some consideration of issues relating to a technologically advanced society in which transactions are carried out by means of a computerized economy-wide bookkeeping system, rather than by money.
