The role of money in the economic system is emphasized along with current monetary theories. Also examined are the purpose, structure and regulations of the chartered banks and other financial institutions. By monitoring developments in the money market, especially changes in key interest rates, students may assess monetary initiatives of the Bank of Canada. Lect: 3 hrs. Prerequisites: (ECN 104 and ECN 204) or Direct Entry Course Weight: 1.00 Billing Units: 1
