Monetary Theory and Monetary Policy

Brief description

  • Paradigms and theories on the role of financial markets
  • Theoretical perspectives on and historical development of money
  • Monetary policy: Starting points and strategies
  • Development of financial markets, financial crises and financial stability, trends in regulation
  • Connection between the real economy and finance at national and international levels
  • The role of economic policy interventions in monetary and exchange rate policies
  • Current challenges of financial market developments and monetary policy

Mode of delivery

face to face

Type

compulsory

Recommended or required reading and other learning resources/tools

Mishkin (2018): The Economics of Money, Banking and Financial Markets, Global Edition, Pearson
Mishkin (2018): The Economics of Money, Banking and Financial Markets, Global Edition, Pearson
Jäger, J. (2020). Introduction to Critical Political Economy in a multi-paradigmatic setting. In: S. Decker et. al (eds.): Principles and Pluralist Approaches in Teaching Economics. London: Routledge.

Planned learning activities and teaching methods

Lecture, group work and presentation of results, discussion, analysis of scientific articles and papers

Assessment methods and criteria

Continuous assessment (40%) and written exam (60%).

Prerequisites and co-requisites

none

Infos

Degree programme

Banking and Finance (engl.)

Cycle

Bachelor

ECTS Credits

3.00

Language of instruction

English

Curriculum

Full-Time

Academic year

2025

Semester

4 SS

Incoming

No

Learning outcome

After successful completion of the course, students can

  • explain central theoretical approaches to the role of financial markets in the economy
  • describe important features of money and monetary policy and their development
  • illustrate the role of economic policy actors, in particular in monetary policy
  • analyse the connections between the real and the financial economy
  • classify the implications of different monetary policy measures and their international interdependencies
  • explain key trends in financial market developments and assess the implications for financial stability

Course code

1229-19-01-VZ-EN-41