Monetary Theory, Monetary Policy

Introduction to the fundamentals of monetary theory and monetary policy Money, definition of money Money creation, money supply, demand for money Interest rate structures and economic development Efficient-market hypothesis and basic concepts of behavioral finance Goals, methods and instruments of monetary policy Monetary policy in the IS-LM model Exchange rates Money and inflation processes

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Mishking, Frederic. The Economics of Money, Banking, and Financial Markets (suggested reading)

Planned learning activities and teaching methods

Integrated class Overhead transparencies Group work Discussion of examples with students

Assessment methods and criteria

Continuous assessment (30%) Written final examination (70%)

Prerequisites and co-requisites

Micro/Macro-Economics

Infos

Degree programme

Banking and Finance (Bachelor)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2021

Semester

4 SS

Incoming

Yes

Learning outcome

After the successful completion of this course the students will be able to identify interactions between the financial sector and the real sector, to independently draw conclusions and to assess developments.

Course code

0229-12-01-VZ-DE-41