Monetary Economics (VWL-MaAm-MoEc) (030106)- Dozent/in
- Prof. Dr. Thomas Lux
- Angaben
- Vorlesung mit Übung, 2 SWS, benoteter Schein, ECTS-Studium, ECTS-Credits: 5
für ERASMUS-/Austauschstudierende geeignet, Unterrichtssprache Englisch
Zeit und Ort: Mi 8:00 - 10:00, WSP1 - R.505
vom 14.4.2024 bis zum 14.7.2024
1. Prüfungstermin (Klausur am Ende der Vorlesungszeit eines Semesters): 18.7.2024, 12:00 - 14:00 Uhr, Raum CAP2 - Hörsaal A
- Voraussetzungen / Organisatorisches
- Module Code: VWL-MaAm-MoEc
Module Number: 330900
Exam Number: 330910
Section in the curriculum of Bachelor Volkswirtschaftslehre (FPO 2021): Wahlpflichtbereich Volkswirtschaftslehre - Makroökonomik und Arbeitsmärkte (MaAm)
Exam type according to FPO: Module Exam (Modulprüfung)
Specific exam type in summer term 2022: Written exam in presence
Further Information: Siehe OLAT
Please vistit the homepage of our chair for further information and news.
The number of ECTS Credits as well as the admission to the examination for this module is determined by the information regarding this module in the FPO (Examination Regulations) of your program. If this module is not explicitly listed in your FPO, please check at the beginning of the semester about admission options. Typically, admission to the examination of this module is not possible then. An overview for all programs which can choose modules of the Institute of Economics can also be found here: Nebenfach Volkswirtschaftslehre Handbuch für Exportmodule (Minor in Economics - Handbook of Export Modules). You can also check in advance in QIS whether you can find this module listed there in the overview for exam registration, with the exam number mentioned in univis. Registration to the exam is only possible during the registration period. If you still have questions after reviewing these documents, please contact your student advisor (Studienfachberater).
Der angegebene Klausurzeitraum beinhaltet die Ausgabe und das Einsammeln der Prüfungsunterlagen. Die tatsächliche Prüfungszeit beträgt eine Stunde.
Stated periods of time for exams include administering and collecting your exam documents. Actual duration of test will be an hour.
- Inhalt
- This module builds upon the knowledge that students have acquired in Macroeconomics. It introduces students to the theoretical background and the practice of monetary policy in modern economies. It starts with an introduction to the role of money in the economy, moving on to theories of money supply and demand as well as the various channels of the monetary transmission mechanism. The remainder of the module discusses the relationship between monetary policy strategies and their implementations, the policy instruments of central banks and the track record of monetary policy in the major currency areas. We also discuss the unconventional‟ monetary policy as a reaction to the financial crisis of the years 2007/08 as well as current issues in the conduct of monetary policy within the European Monetary Union.
Schedule
1. Introduction: Emergence and Measurement of "Money"
2. Money Demand
3. Money Supply: Constrained or Endogenous?
4. The Policy Instruments of Central Banks
5. Strategies of Monetary Policy and their Development over Time
6. The Problem of Credibility of Central Banks
7. Current Issues of Monetary Policy
- Empfohlene Literatur
- Handa, J., Monetary Economics, 2nd. ed. New York 2009
- Lewis, M. and P. Mizen, Monetary Economics, Oxford 2009
- Walsh, C., Monetary Theory and Policy, 3rd ed. Cambridge 2010
- Bofinger, P., Monetary Policy: Goals, Institutions, Strategies and Instruments. Oxford 2001
- Illing, G., Theorie der Geldpolitik Eine spieltheoretische Einführung. Berlin 1997.
- Zugeordnete Lehrveranstaltungen
- UE: Übung zu Monetary Economics
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Dozent/in: Prof. Dr. Thomas Lux
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