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ES30099: Monetary economics

Follow this link for further information on academic years Academic Year: 2017/8
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: Honours (FHEQ level 6)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
  • Examination (EX 100%)
Further information on supplementary assessment Supplementary Assessment:
ES30099 - Resit Examination (where allowed by programme regulations)
Further information on requisites Requisites: Before taking this module you must take ES20013
Further information on descriptions 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

Ability to develop logically rigorous arguments,
Ability to apply basic economic theory,
Ability to design economic policy.


* 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.
Further information on programme availabilityProgramme availability:

ES30099 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 3)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 4)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
  • UHES-AFB04 : BSc(Hons) Economics and Mathematics (Year 3)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 3)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 4)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 4)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 4)