ECON 2408

This course is an introduction to monetary economics and its policy applications in a Canadian setting. Attention is directed to the microeconomic aspects of financial intermediation, including the role of deposit-taking institutions and the re-regulation of the financial markets. The term structure of interest rates and the concepts of duration and interest rate risks are also considered. The course concludes with an examination of the conduct of monetary policy by the Bank of Canada under different policy and exchange rate systems.