363-1021-00L  Monetary Policy

SemesterAutumn Semester 2019
LecturersJ.‑E. Sturm, A. Rathke
Periodicityyearly recurring course
Language of instructionEnglish



Courses

NumberTitleHoursLecturers
363-1021-00 VMonetary Policy2 hrs
Mon13:15-15:00LEE E 101 »
J.‑E. Sturm, A. Rathke

Catalogue data

AbstractThe main aim of this course is to analyse the goals of monetary policy and to review the instruments available to central banks in order to pursue these goals. It will focus on the transmission mechanisms of monetary policy and the differences between monetary policy rules and discretionary policy. It will also make connections between theoretical economic concepts and current real world issues.
ObjectiveThis lecture will introduce the fundamentals of monetary economics and explain the working and impact of monetary policy.
ContentThis lecture will introduce the fundamentals of monetary economics and explain the working and impact of monetary policy. The main aim of this course is to describe and analyze the goals of monetary policy and to review the instruments available to central banks in order to pursue these goals. It will focus on the transmission mechanisms of monetary policy, the effectiveness of monetary policy actions, the differences between monetary policy rules and discretionary policy, as well as in institutional issues concerning central banks, transparency of monetary authorities and monetary policy in a monetary union framework. Moreover, we discuss the implementation of monetary policy in practice and the design of optimal policy.
LiteratureThe course will be based on chapters of:
Mishkin, Frederic S. (2019), The Economics of Money, Banking and Financial Markets, 12th edition, Pearson. ISBN 9780134733821
Prerequisites / NoticeBasic knowledge in international economics and a good background in macroeconomics.

Performance assessment

Performance assessment information (valid until the course unit is held again)
Performance assessment as a semester course
ECTS credits3 credits
ExaminersJ.-E. Sturm, A. Rathke
Typesession examination
Language of examinationEnglish
RepetitionThe performance assessment is offered every session. Repetition possible without re-enrolling for the course unit.
Mode of examinationwritten 90 minutes
Written aidsnur ein nicht-programmierbarer Taschenrechner ist erlaubt;
only a non-programmable calculator is allowed
This information can be updated until the beginning of the semester; information on the examination timetable is binding.

Learning materials

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Only public learning materials are listed.

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Offered in

ProgrammeSectionType
Doctoral Department of Mechanical and Process EngineeringDoctoral and Post-Doctoral CoursesWInformation
Management, Technology and Economics MasterElective CoursesWInformation
Mathematics MasterEconomicsWInformation