Economics of Money and Banking

The Four Prices of Money

• Big picture

  • Financial globalization
  • Attach to the reality and listen to the bankers

• Resources

  • Stigum’s Money Market,
    • “The Bible of Money Market”
    • Read as if you are an anthropologist reading sacred text from a primitive tribe
  • News paper Financial Times, the ongoing sacred text

• Prerequisites

  • Intermediate Macroeconomics and Intermediate Microeconomics (If you’re econ major)
  • Fischer Diagram and LM Curve
  • But, we don’t start from these theories. We start from reality without imposing these structures right away