ECON 401: Monetary Theory and Policy: (3-0-3)    The course provides students with a set of tools to understand and systematically analyze the monetary side of the international economy. Students develop the theory by examining balance of payments, the determination of exchange rates, money, interest rates and prices in open economies, different exchange rate regimes (fixed vs. floating), interdependence of macroeconomic variables and the international financial markets. (Prerequisite ECON 102)