This is an advanced course in applied macroeconomics and monetary theory. It involves theoretical and empirical analysis of such phenomena as depression, inflation, stagflation, stock market fluctuations, and productivity slowdowns. Probable topics include the Great Depression, the German hyperinflation, the stagflation of the 1970s, stabilization of inflation, gold and bimetallic standards, macroeconomic determinants of stock price fluctuations, growth and development, consumer confidence, and macroeconomic implications of oil price changes.