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ES50078: International monetary policy & institutions

[Page last updated: 15 October 2020]

Follow this link for further information on academic years Academic Year: 2020/1
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW 100%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 100%)
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites 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.

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)

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.
Further information on programme availabilityProgramme availability:

ES50078 is Optional on the following programmes:

Department of Economics