4.1 The history, purpose and problems of central banking from the Bank of Sweden on are covered. What are the functions of a central bank. How have their functions changed in the last fifty years.
4.2 A specific history and explanation of the overall functions of the Federal Reserve. This includes specification of its control powers and its relationship to the Treasury.
4.3 A specific exhibit must be devoted to what is meant by government money and how currency is created.
4.4 The problem of supranational central banking and currency must be addressed.
Several macromodels require construction to illustrate alternative theories
4.5 An exhibit on the history of the Bank of England
4.6. Central banking, politics and economics. The rise of the nation state and the change from the King's debt to national debt. Is a global central bank necessary?