Monetary Economics
| Code | School | Level | Credits | Semesters |
| ECON2008 | Economics | 2 | 10 | Autumn UK |
- Code
- ECON2008
- School
- Economics
- Level
- 2
- Credits
- 10
- Semesters
- Autumn UK
Summary
This course will provide a foundation for the monetary economics modules in the third year and is a complement to financial economics for the second and third years. It will cover topics such as the definitions and role of money, portfolio choice, financial markets and banks, central banks and monetary policy, and the monetary transmission mechanism. Under these headings the module will address issues of theory, policy and practice relating to recent experience in the UK and other countries. The module will feature some current debates and controversies based on recent events.
Target Students
Available to Year 2 Undergraduate students on Economics degree programmes who have studied ECON1002 Introduction to Macroeconomics or ECON1043 Foundations of Economics or ECON1050 Introduction to Economics. Available to Year 2 Undergraduate students on the BA Jt Hons Politics and Economics and BSc Jt Hons Maths and Economics degrees. Also available to Economics Exchange students.
Co-requisites
Modules you must take in the same academic year, or have taken in a previous year, to enrol in this module:
- Introduction to Macroeconomics (ECON1002)
- Foundations of Economics (ECON1043)
- Introduction to Economics (ECON1050)
Classes
This module is delivered through a series of lectures and seminars.
Assessment
- 25% Coursework 1: Group Work
- 75% Exam 1 (2-hour): Exam
Assessed by end of autumn semester
Educational Aims
The key aims of the module are:To build on core macroeconomic understanding to explore monetary economics.To study in detail various topical issues in the field of monetary economics.To give students a comprehensive grasp of underpinnings of monetary policy analysis.The module aims to enable the participants to develop:Professional communication: students must communicate effectively with their peers to write a presentation.The module will also help to develop presentation and essay writing skills.Co-ordinating with others to produce a group presentation and essay.Digital capabilities through the use of library e-resources to help access primary resources, such as journal articles.Become familiar with presentation and file sharing software.Reflection of understanding of material through formative feedback.Learning Outcomes
On completing this module, the learning outcomes are such that students will be able to:
A3: Show understanding of analytical methods, both theory- and model-based.
A6: Extensive knowledge and skills in specific specialisms in economics.
B4: Be able to frame analysis of problems, identifying which parameters should be taken as fixed and why they might change.
C1: Discuss and analyse government policy.
D2: Communicate effectively and clearly in written and oral formats.
D4: Show that you can work effectively in a team.