This course explores markets with frictions. The goal is to sharpen
our economic reasoning, add a few twists that you are unlikely to have
seen in other courses, and apply the methods to interesting phenomena.
This should improve the way you think analytically about the economy,
and help address interesting issues that come up in the real world.
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6.7 When Money is Essential
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6.1 Money: Review of the Diamond Model
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6.4 Money: Imperfect Commitment
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6.3 Money: Barter versus Credit
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6.5 Money: When Does Credit Work?
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6.2 Money: Payoffs Under Different Arrangements
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5.7 Credit and Banking: Feasible Credit Contracts…
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5.11 Credit and Banking: Who Should be a Banker?
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5.10 Credit and Banking: Banks Accept Deposits
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5.9 Credit and Banking: Banks Accept Deposits
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5.13 Credit and Banking: Summary
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5.6 Credit and Banking: Repayment Constraint
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