diff --git a/lectures/cagan_adaptive.md b/lectures/cagan_adaptive.md
index ecf1f5c3..07d0aa68 100644
--- a/lectures/cagan_adaptive.md
+++ b/lectures/cagan_adaptive.md
@@ -278,7 +278,7 @@ $$ (eq:notre)
 This outcome is typical in models in which adaptive expectations hypothesis like equation {eq}`eq:adaptexpn` appear as a
 component.  
 
-In this lecture {doc}`monetaris theory of the price level <cagan_ree>`, we studied a version of the model that replaces hypothesis {eq}`eq:adaptexpn` with
+In this lecture {doc}`monetarist theory of the price level <cagan_ree>`, we studied a version of the model that replaces hypothesis {eq}`eq:adaptexpn` with
 a "perfect foresight" or "rational expectations" hypothesis.