<p><strong><font size="3"><span id="btAsinTitle">A Course in Monetary Economics: Sequential Trade, Money, and Uncertainity (Hardcover)</span><!--Element not supported - Type: 8 Name: #comment--><br/></font></strong>by <a href="http://www.amazon.com/exec/obidos/search-handle-url?%5Fencoding=UTF8&search-type=ss&index=books&field-author=Benjamin%20Eden"><font color="#003399">Benjamin Eden</font></a> (Author)</p><p><a href="http://www.amazon.com/gp/reader/0631215654/ref=sib_dp_pt#reader-link"><img id="prodImage" height="240" alt="A Course in Monetary Economics: Sequential Trade, Money, and Uncertainity" src="http://ecx.images-amazon.com/images/I/41QmkhWzepL._SL500_BO2,204,203,200_PIsitb-dp-500-arrow,TopRight,45,-64_OU01_AA240_SH20_.jpg" width="240" border="0"/></a></p><li><b>Hardcover:</b> 424 pages </li><li><b>Publisher:</b> Wiley-Blackwell (October 8, 2004) </li><li><b>Language:</b> English </li><li><strong>Product Description<br/></strong>Monetary Economics and Sequential Trade is an insightful introduction to the advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different models. The exposition is clear and logical, providing a solid foundation in monetary theory and the techniques of economic modeling. The text is rooted in the author's years of teaching and research, and will be highly suitable for monetary economics courses in both the upper-level undergraduate and graduate levels. <br/><br/><b>From the Back Cover</b><br/><i>A Course in Monetary Economics </i>is an insightful introduction to advanced topics in monetary economics. Accessible to students who have mastered the diagrammatic tools of economics, it discusses real issues with a variety of modeling alternatives, allowing for a direct comparison of the implications of the different models. The exposition is clear and logical, providing a solid foundation in monetary theory and the techniques of economic modeling. <br/><p>The inventive analysis explores an extensive range of topics including the optimum quantity of money, optimal monetary and fiscal policy, and uncertain and sequential trade models. Additionally, the text contains a simple general equilibrium version of Lucas (1972) confusion hypothesis, and presents and synthesizes the results of recent empirical work. The text is rooted in the author's years of teaching and research, and will be highly suitable for monetary economics courses at both the upper-level undergraduate and graduate levels. </p></li><li><p> </p></li><li><p><strong><font size="4">Contents</font></strong><br/>Preface xiii<br/><strong>Part I: Introduction to Monetary Economics 1<br/>1 Overview 5</strong><br/>2 Money in the Utility Function 26<br/><strong>3 TheWelfare Cost of Inflation in a Growing Economy 57</strong><br/>4 Government 72<br/><strong>5 More Explicit Models of Money 86<br/></strong>6 Optimal Fiscal and Monetary Policy 100<br/><strong>7 Money and the Business Cycle: Does Money Matter? 123</strong><br/>8 Sticky Prices in a Demand-satisfying Model 147<br/><strong>9 Sticky Prices with Optimal Quantity Choices 155</strong><br/>10 Flexible Prices 170<br/><strong>Part II: An Introduction to the Economics of Uncertainty 179<br/>11 Preliminaries 182</strong><br/>12 Does Insurance Require Risk Aversion? 197<br/><strong>13 Asset Prices and the Lucas “Tree Model” 202</strong><br/><strong>Part III: An Introduction to Uncertain and Sequential Trade (UST) 207<br/></strong>14 Real Models 210<br/><strong>15 A Monetary Model 250</strong><br/>16 Limited Participation, Sticky Prices, and UST: A Comparison 261<br/><strong>17 Inventories and the Business Cycle 280</strong><br/>18 Money and Credit in the Business Cycle 302<br/><strong>19 Evidence from Micro Data 313</strong><br/>20 The Friedman Rule in a UST Model 327<br/><strong>21 Sequential International Trade 333</strong><br/>22 Endogenous Information and Externalities 356<br/><strong>23 Search and Contracts 369</strong><br/>References 385<br/><strong>Index 395</strong></p></li>