Undergraduate - Money & Banking
Appropriate for Which Degrees:
- Optional Finals Course for PPE, E&M, H&E
Introduction
The course will cover a range of topics in modern monetary economics, starting from microeconomic explanations for the existence of money and then proceeding to aggregate models of price and output fluctuations, the monetary transmission mechanism and the conduct of monetary policy. At the end of the course students should have a thorough understanding of the following:
- The main models used by economists to understand the causes and consequences of monetary policy decisions.
- The conclusions reached as a result of applied work in the field, including an assessment of the identification problems encountered by applied monetary economists.
- The objectives of current research in the field, including explanations for the Great Inflation of the 1970s and recent changes to the structure of monetary policy institutions.
Further Information
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