Y1 - Macroeconomics 1

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Lectures

Week 3

Universiteit van Amsterdam · Economics and Business Economics

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Lecture 3A: The monetary system
What is money?
The role of banks in the monetary system
The central bank and the money supply
The instruments of monetary policy
Lecture 3B: Inflation
The quantity equation
The classical dichotomy
Beyond the classical dichotomy
The social cost of inflation

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