Department of Economics, Unit Catalogue 2010/11 |
ES50078: International monetary policy & institutions |
 Credits:
| 6 |
| Level:
| Masters |
| Period: | This unit is available in... |
| Semester 2 |
| Assessment:
| EX100 |
| Supplementary Assessment: | Supplementary assessment information not currently available (this will be added shortly) |
| Requisites:
| |
| Description:
| Aims: To cover the main aspects of monetary policy at an advanced level with an emphasis on recent developments. To provide students with the knowledge, conceptual framework, awareness of areas of controversy and debate and technical skills to enable students to achieve a critical understanding of recent advanced research in monetary economics. Learning Outcomes: On successful completion of the unit students will have developed a systematic knowledge and critical awareness of advanced monetary theory and policy issues and a comprehensive understanding of relevant analytical techniques. Students will also have developed a comprehensive understanding of the monetary policy literature and policy research carried out by governments, central banks and academics. Skills: Ability to develop rigorous arguments through precise use of concepts and mathematical models. (Taught/Facilitated/Assessed) Ability to select, summarise and synthesise written information from multiple sources. (T/F/A) Ability to select and use appropriate ideas to produce a coherent response to a pre-set question. (T/F/A) Comprehensive and scholarly written communication. (T/F/A) Concise and effective written communication (e.g. briefings / written exams). (T/F/A) Effective oral communication (e.g. lecture question and answer). (F) Content: Demand for money; Money in the Economy; Inflation; Monetary Policy; The Transmission mechanism of monetary policy; Discretionary Policy and Time Inconsistency; Central Banking Institutions; Causes and Consequences of the Financial Crisis; Central Banking in practice. |