ECO 114 Does Money Make the World Go ‘Round?

Only available through the Summer Institute.  This course will explore the nature of money, its role in the national and international economy, and what it is that we love when we love money. We will discuss the key characteristics of money and survey the historical transition from commodity to fiat money. The role of the Federal Reserve System and impact of the money supply on the domestic economy will be examined, including the relationship between the money supply and hyperinflation. The operation of the global exchange rate system will be examined, including an evaluation of the dominant role of the U.S. dollar, exploration of exchange rate crises, and a survey of the role and origin of the International Monetary Fund. The enhanced understanding of money developed over the course will be applied to our lives as disciples of Jesus who want to resist the temptation to love money. 1 hour(s).