Courses Master Display 2013-2014
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| Course title | ECB and Monetary Policy | |||||||||||||||||||||||||||||||||||||||
| Course code | EBC4023 | |||||||||||||||||||||||||||||||||||||||
| ECTS credits | 6,5 | |||||||||||||||||||||||||||||||||||||||
| Assessment | None | |||||||||||||||||||||||||||||||||||||||
| Period |
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| Level | Advanced | |||||||||||||||||||||||||||||||||||||||
| Coordinator |
Olaf Sleijpen For more information: o.sleijpen@maastrichtuniversity.nl |
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| Language of instruction | English | |||||||||||||||||||||||||||||||||||||||
| Goals |
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| Description |
This course aims at deepening the students knowledge of the relation between monetary and real phenomena in an economy. Both theoretical, institutional and practical issues are addressed. The following topics are analysed in particular: - Money in a general equilibrium framework: why does money exist in an economy and how does it effect the dynamic behaviour of that economy? - Theory of monetary (stabilisation) policy: what are the transmission channels between the monetary and the real sphere of the economy and how effective is monetary policy under various conditions? - Dynamics of monetary policy: what is the optimal form of monetary policy (rules or discretion) and does this depend on rational expectations? - The position and policy implementation of the ECB (also visit the ECB). All topics will consistently be related to Euorpean Monetary Policy.
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| Literature |
Selected chapters form Carlin and Soskice (2007), Macroeconomics: Imperfections, Institutions and Policies, Oxford University Press.
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| Prerequisites |
Intermediate macroeconomics (Burda & Wyplosz or Gärtner) and microeconomics (Varian or Werstein))
Exchange students need to have obtained a Bachelor degree with a major in Economics (not in Business). An advanced level of English |
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| Teaching methods (indicative; course manual is definitive) | PBL / Presentation / Groupwork | |||||||||||||||||||||||||||||||||||||||
| Assessment methods (indicative; course manual is definitive) | Participation / Written Exam | |||||||||||||||||||||||||||||||||||||||
| Evaluation in previous academic year | For the complete evaluation of this course please click "here" | |||||||||||||||||||||||||||||||||||||||
| This course belongs to the following programmes / specialisations |
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