Apr 16, 2026  
2025-2026 Franklin & Marshall College Catalog 
  
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2025-2026 Franklin & Marshall College Catalog
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ECO 315 - Macroeconomic Stability

Description
The course builds on ECO 201 to examine what drives financial and economic instability based on the works of John Maynard Keynes and Hyman Minsky. It introduces Keynes’s critique of the neoclassical approach and his revolutionary investment theory of the business cycle. Minsky’s financial theory of investment and the role of modern financial institutions in preserving or undermining economic stability is examined. It further explores contemporary research on the relative effectiveness of monetary and fiscal policies in stabilizing the economy, as well as their impact on employment, prices, and income distribution.
Prerequisite
ECO 201  AND ECO 203  

Credits: 1

Course Attribute(s):
SOCS Gen Ed: Social Science Req


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