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Economics 240

Course Objective: An introduction to monetary and financial economics with special reference to Canadian institutions.

Hours of instruction: Three lecture hours and one problem-solving hour per week
Prerequisites: 12 credits, Economics 103, Economics 105

Corequisites: English 100


Simon Fraser University: Economics 213
University of British Columbia: Unassigned 2nd year economics credit
University of Victoria: Unassigned 2nd year economics credit

Course content

Topics include:

  • Interest rates, present value equations, real vs nominal, term structure
  • Measuring money, inflation
  • Role of financial intermediaries - banks, stock market, other institutions
  • Money and the real economy
  • Monetary policy and the role of the central bank
  • International finance - money in an open economy

Required text

The Economics of Money, Banking and Financial Markets, Frederic Mishkin 6th edition (2001) Addison

Course evaluation

Quizzes  (2) 20%
Research reports (2) 20%
Debate participation 10%
Mid-term 20%
Final examination 30%


Stéphane Deseau, M.Econ. (Maine, France), M.Sc. (Quebec)
Cheryl Fu, B.A. (Beijing), M.A. (Simon Fraser), Ph.D. candidate
Paul Geddes, B.A. (Claremont), M.A. (Carleton)
Fatin Jallad, B.A., B.Sc. (Portland), M.Sc. (New Mexico), M.Sc. (Arizona)
Susana Leung, B.B.A., M.A. (Simon Fraser)