Join Professor Matt Hill as he walks you through the classroom slides of Day 2: "The Story of the Fed" from MRU's free "Monetary Policy" unit plan. Get the unit plan here: https://mru.io/gzi

Learning Objectives:
- Explain the concept of the Federal Reserve as the lender of last resort and its importance in maintaining financial stability.
- Understand the role of Federal Deposit Insurance in maintaining financial stability.
- Understand the role of open market operations in maintaining financial stability.
- Define monetary policy.
- Define moral hazard and discuss its relevance in the context of the Fed's role as lender of last resort.
- Assess the advantages and disadvantages of the Fed's role as lender of last resort, including its impact on moral hazard.