Postgraduate Programme and Module Handbook 2023-2024 (archived)
Module ECON40515: MONETARY ECONOMICS
Department: Economics
ECON40515: MONETARY ECONOMICS
| Type | Tied | Level | 4 | Credits | 15 | Availability | Not available in 2023/24 | Module Cap |
|---|
| Tied to | L1T109 |
|---|---|
| Tied to | L1T309 |
| Tied to | L1T409 |
| Tied to | N3K709 |
Prerequisites
- None
Corequisites
- None
Excluded Combination of Modules
- None
Aims
- To provide students with the specialist instruments for analysing monetary issues in a range of theoretical models and for analysing the theory and practice of monetary policy in modern industrialised economies.
Content
- Topics are likely to include:
- The Monetary Transmission Mechanism
- Sticky Wages and Prices
- Monetary Policy in NK model
- Credibility and Time-Inconsistency in Monetary Policy
- Optimal Monetary Policy: Commitment vs Discretion
- Unconventional Monetary Policy – Zero Lower Bound, Forward Guidance and Quantitative Easing
- Monetary and Fiscal policy Interaction
- Monetary policy and financial intermediation
Learning Outcomes
Subject-specific Knowledge:
- have explored, understood and appreciated the complexity and diversity of the current relevant academic literature and its implications for professional practice, and be able to identify open questions for their own research;
- have demonstrated ability to learn and work independently in addressing challenging complex issues in monetary economics.
Subject-specific Skills:
- have used highly specialised and advanced academic, technical and professional skills in analysing issues in monetary economics and policy.
Key Skills:
- Written Communication;
- Planning, Organising and Time Management;
- Problem Solving and analysis;
- Using initiative;
- Numeracy;
- Computer Literacy.
Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module
- A combination of lectures, seminars/workshops and guided reading will contribute to achieving the aims and learning outcomes of this module. Summative assessment by written examination will test students' knowledge and understanding of the subject-matter, their critical judgement and problem-solving and critical skills.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Lectures | 10 | 1 per week | 2 hours | 20 | |
| Revision Lecture | 1 | 2 hours | 2 | ||
| Seminars/Workshops | 4 | Fortnightly | 1 hour | 4 | ■ |
| Preparation & Reading | 124 | ||||
| Total | 150 |
Summative Assessment
| Component: Examination | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One written online examination | 2 hours, 3,000 words max. | 100% | Same |
Formative Assessment:
At least one formative assessment to prepare students for the summative exam.
■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University