SOCI 307 Lecture Notes - Lecture 5: Monetarism, Capital Flight, Comparative Advantage
16 Sep 2014
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Caretaking course add/drop date tomorrow wednesday 3:30 > enrol for friday conferences on minerva three conference times: 12:30, 1:30, 2:30 capacity 25-30 students link to glossary of terms on mycourses. Scottish referendum not to secure cultural heritage, but for autonomy over economic decisions. How monetary policy shapes trade monetary policy supply of money, central reserve bank (lender of last resort), market signals to private banks. Floating exchange rates fixed objective: stabilize value of local currency, price of goods central bank pegs currency to world currency (i. e. ) to manage stability, central bank removes or replenishes supply of money through reserves of foreign currency. Keynesian approach lower interest rates and increase gov"t expenditures as means to stimulate economy (tolerate temporary inflation and inefficiencies)
