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This course studies the transmission mechanisms, effectiveness and limitations of monetary policies in coherent macroeconomics models. Course topics include: monetary policy in a basic macroeconomic model; aggregate supply and aggregate demand analysis; classical and Keynesian approach; transmission mechanism of monetary policies; implications of expectation on monetary policies; rational expectation; monetary policy: discretion vs rules; role of capital market imperfections; frictions in the capital market; implications of capital market imperfections on the transmission mechanism; asset prices, financial crisis and monetary policy; Japan and quantitative easing; sub-prime crisis and quantitative easing in the US; credit booms and asset bubbles. Text: Frederic Mishkin, THE ECONOMICS OF MONEY, BANKING AND FINANCIAL MARKETS. The textbook provides the basic materials of the course. The rigor of the course goes beyond that of the textbook. Additional references from journal articles are used.
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This course examines classical theories in persuasion, attitude change and behavior change. It includes perspectives of social psychology and communication, with a focus on equipping students with the ability of applying persuasion knowledge in various business and interpersonal contexts.
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This course examines the role that engineers play in a modern industrial society in terms of social responsibilities, ethical considerations, engineering health and safety, and legal and environmental constraints.
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