During and following the financial crisis, the Federal Reserve Board was not popular as the nation's central bank. This class will NOT focus on the primary function of the Federal Reserve, which is monetary policy. Rather, the class will explore other prominent work the Fed performs. For example, participants will become acquainted with its historical beginnings and its structure; how it affects your personal financial transactions; its supervisory activities over some of the nation's banks; and, the plethora of data/research it publishes. Myths and misconceptions about the agency will also be broached and possibly debunked too. During one class session a team of UNC economics students will deliver a mock FOMC meeting, in preparation for their participation in a national competition known as the Fed Challenge. The class may question these budding economists about the art and science of monetary policy.
Lecture (plus Questions) Facilitated Discussion