The analysis of the speculative demand for money by Tobin reveals the importance of the level of wealth. Explain this assertion in detail.
Coursework: This takes the form of a written essay of 1500 -2000 words. The purpose of this work is to assess the students’ ability to write answers on certain financial issues employing economic theory from a variety of resources. The topics for the essay will be outlined below. The result accounts for 50% of the final mark.