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<p> This course is designed as a survey of the basic theories in monetary economics for masters level students. The main objective of the course is to help students understand the core aspects of monetary economics: how monetary phenomena and policies are determined, and how they interact with the rest of the macro economy. Several key theoretical frameworks will be constructed, and various monetary economics phenomena, including monetary policy actions, will be analyzed within such frameworks. <o:p></o:p></span></p> <p>Among the topics to be covered include: neutrality and super-neutrality of money, money demand and money supply, consumption CAPM and equity premium puzzle, inflation and the optimal inflation rate, public finance and inflation, (new Keynesian) Phillips curve, monetary policy transmission mechanisms, the term structure of interest rates, strategy of monetary policy and optimal monetary policy, the time inconsistency problem in monetary policy, monetary policy targets and rules, monetary policy at ZLB, and non-conventional monetary policies. Prerequisites: 440.602 Macroeconomic Theory and Policy. Corequisites: 440.601 Microeconomic Theory and Policy; 440.606 Econometrics