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 Academic Year: | 2018/9 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
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| Assessment Summary: | EX 100% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | Before taking this module you must take ES20013 |
| Description:
| Aims: To provide students with a thorough understanding of monetary theory. The focus will be on developing understanding of the role of money, the tools and strategies implemented by monetary authorities and the impact of monetary policy on financial markets and the macroeconomy. Learning Outcomes: By the end of this module, the students will be able to: * Explain the existence and role of money and describe the effects of money both in the short run and in the long run * Apply theoretical frameworks to study monetary issues * Describe and explain the main channels of the monetary policy transmission mechanism * Contribute to policy debate by using economic logic on topics such as monetary policy instrument choice and the role of monetary policy for financial regulation Skills: Ability to develop logically rigorous arguments, Ability to apply basic economic theory, Ability to design economic policy. Content: * The nature and function of money * Theories of money demand * Money and Inflation * Transmission mechanism of monetary policy * The role of the Central Bank and the conduct of monetary policy * Monetary policy instrument choice * Financial crises and the role of Central Banks. |
| Programme availability: |
ES30099 is Optional on the following programmes:Department of Economics
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Notes:
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