M&B2 (with CourseMate Printed Access Card)

Dean Croushore is Professor of Economics and Rigsby Fellow at the University of Richmond. Prior to moving to the University of Richmond in 2003, he served for 14 years as an economist at the Federal Reserve Bank of Philadelphia. As vice president and economist at the Philadelphia Fed, his duties included heading the macroeconomics group, briefing the bank's president and board of directors on the state of the economy and providing advice for administering two national surveys of forecasters and researching current issues in monetary policy. Dr. Croushore received his A.B. from Ohio University and his M.A. and Ph.D. from Ohio State University. Dr. Croushore's research in recent years has focused on forecasting and how data revisions affect monetary policy, forecasting and macroeconomics research. His publications include articles in many leading economics journals. He serves as Associate Editor of the Journal of Money, Credit and Banking and Journal of Business and Economic Statistics.

1. Money and the Financial System.
Part I: INTRODUCTION TO MONEY AND BANKING.
2. The Financial System and the Economy.
3. Money and Payments.
4. Present Value.
5. The Structure of Interest Rates.
6. Real Interest Rates.
7. Stocks and Other Assets.
Part II: FUNDAMENTALS OF BANKING.
8. How Banks Work.
9. Government's Role in Banking.
Part III: MACROECONOMICS.
10. Economics Growth and Business Cycles.
11. Modeling Money.
12. The Aggregate-Demand/Aggregate-Supply Model.
13. Modern Macroeconomic Models.
14. Economic Interdependence.
Part IV: MONETARY POLICY.
15. The Federal Reserve System.
16. Monetary Control.
17. Monetary Policy: Goals and Tradeoffs.
18. Rules for Monetary Policy.