Week 3: Money and Inflation
Lecture Slides [ch04 pptx; ch05 pptx]
C. Important Economic Aggregates
1. Money and Inflation
Required Readings:
Mankiw: ch. 4 - The
Monetary System: What It Is and How It Works
Radford, R. A. (1945). The Economic Organisation of a P.O.W.
Camp. Economica.
http://www.uwlax.edu/faculty/brooks/eco305/pow camp.htm
Recommended Reading:
Rockoff, H. (1990). The "Wizard of Oz" as a Monetary
Allegory. Journal of Political Economy, 98(4),
739-760.
http://www.uwlax.edu/faculty/brooks/eco305/wizardofoz.pdf
Required Readings:
Mankiw: ch. 5 -
Inflation: Its Causes, Effects, and Social Costs