Courses Master Display 2024-2025

Course Description To PDF
Course title ECB and Monetary Policy
Course code EBC4023
ECTS credits 6,5
Assessment Whole/Half Grades
Period Start End Mon Tue Wed Thu Fri
1 2-9-2024 20-10-2024 X X
Level Intermediate/Advanced
Coordinator Olaf Sleijpen
For more information:
Language of instruction English
* To understand and apply the workhorse (3-equation) model for macroeconomic analysis in a closed economy
* To understand the role of expectations in modern macroeconomics and monetary policy
* To understand the role of the banking sector in the interaction between the monetary policy and the real economy
* To understand and analyse causes and consequences of financial crises
* To understand and discuss the relevance of the institutional design of the central bank
* To understand and discuss the effectiveness of monetary policy in the short run and the long run
This course aims at deepening students’ knowledge of the macroeconomic environment in general and the relation between monetary and real phenomena in an economy in particular. Both theoretical, institutional and policy issues are addressed, including recent developments in monetary policy-making. This facilitates a better understanding of the role of (ECB) monetary policy and its impact on the real and financial sectors of the economy.
- Carlin & Soskice (2014), Macroeconomics: Institutions, Instability and the Financial System, Oxford University Press. - De Haan & Pattipeilohy (2022), Advanced Introduction to Central banks and Monetary Policy, Edward Elgar. - a number of relevant articles to be announced in the course syllabus.
This course is in transition for the master Fiscal Economics.
See the Master Education and Examination Regulations for more information.

The following rule applies to master Fiscal Economics students who started the programme prior to academic year 2024-2025.
The master Fiscal Economics has been discontinued.
Courses of the Fiscal Economics master’s programme will continue to be offered until and including academic year 2024-2025 with exam opportunities running until and including 2025-2026.

* Second-year macro-economics (BSC; level book Blanchard Et Al "Macroeconomics: A European Perspective").
* Exchange students need to have obtained a Bachelor degree with a major in Economics or Econometrics.
Teaching methods (indicative; course manual is definitive) PBL / Presentation / Lecture / Assignment / Papers
Assessment methods (indicative; course manual is definitive) Participation / Written Exam / Assignment / Presentation
Evaluation in previous academic year For the complete evaluation of this course please click "here"
This course belongs to the following programmes / specialisations
Master Financial Economics - Asset Pricing Compulsory Course(s)
Master Financial Economics - Banking Compulsory Course(s)
Master Financial Economics - Financial Analysis Compulsory Course(s)
Master Financial Economics - No specialisation Compulsory Course(s)
Master Fiscal Economics Transitional Regulation
SBE Exchange Master Master Exchange Courses
SBE Non Degree Courses Master Courses