ECON 440 - Monetary Economics

3 units (fi 6)(EITHER, 3-0-0)

Factors influencing inflation dynamics, money demand, interest rates and exchange rates in the long and short run. Analysis of the objectives, instruments, transmission channels and policy tradeoffs faced by central banks of Canada and other nations. Prerequisite: ECON 385.

ECON 442 - The Economics of Financial Markets

3 units (fi 6)(EITHER, 3-0-0)

The measurement of risk; portfolio analysis; hedging and speculation; market microstructure; asset pricing and market equilibrium. Prerequisites: ECON 281, STAT 161 or equivalent, and MATH 154 or equivalent. Students may not receive credit for both ECON 442 and FIN 412.

ECON 540 - Monetary Economics

3 units (fi 6)(EITHER, 3-0-0)

Factors influencing the inflation dynamics, money demand, interest rates and exchange rates in the long and short run. Analysis of the objectives, instruments, transmission channels and policy tradeoffs faced by central banks of Canada and other nations.

ECON 442 - The Economics of Financial Markets

3 units (fi 6)(EITHER, 3-0-0)

The measurement of risk; portfolio analysis; hedging and speculation; market microstructure; asset pricing and market equilibrium. Prerequisites: ECON 281, STAT 161 or equivalent, and MATH 154 or equivalent. Students may not receive credit for both ECON 442 and FIN 412.

ECON 489 - Central Banking: Models and Computation

3 units (fi 6)(EITHER, 3-0-0)

Examples of empirical macroeconomic models using latest computer programming and estimation techniques. Models used by the Bank of Canada and other central banks to quantitatively and empirically evaluate macroeconomic models using current data from Canada and other countries. Introduces students to applied dynamic, stochastic general equilibrium modelling techniques that are used in empirical macroeconomic models. Prerequisite: ECON 385.