Applying Monetary Theory to Monetary History (3) Monetary history is examined. Special attention is paid to commodity-based systems, private money, and government monopolies on currency.
ECON 422W Applying Monetary Theory to Monetary History (3)
This course provides a framework for the analysis of monetary history. In the past, there have been many advances in monetary theory. Some of the advances are directly inspired by the varieties of monetary systems that have existed in the past - for example, systems in which private banks issue currency (bank-notes). There is scope for reexamining existing analyses of many of those historical systems in the light of advances in monetary theory.
The course objectives are to introduce students to the theoretical framework used by economists to study monetary theory, and to apply that framework in order to explain various monetary systems the have existed in the past. We will examine the empirical evidence, and also consider policy issues in this area.
Note : Class size, frequency of offering, and evaluation methods will vary by location and instructor. For these details check the specific course syllabus.