Unit 3: Macroecoomic Policy

Lesson 14a: Monetary Policy - Money, The Money Market Model, and the Fed

Assignments: Readings

 

Ch. 14, ALL

Ch. 10, pp. 226-231, "The Interest Rate-Investment Relationship" (19th, 199-204)

Ch. 16, pp. 351-354, "Interest Rates", (19th, 315-317)

Ch. 16, pp. 365-367, "Cause-Effect Chain" (19th, 329-330)

Planet Money Episode 421: The Birth Of The Dollar Bill (10:37). Audio only. Interesting radio story on early money in the US.

Pictures of early money:

- Pre-Civil War Bank Note

- Lincoln Greenback

Lecture Outline

 

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Lesson 14a