Not too easy. Not too difficult.
Helps a student understand the functioning of the financial systems.
money demand and money supply, inflation and the optimal quantity of money, the monetary policy transmission mechanism, the term structure of interest rates, strategies of monetary policy and optimal monetary policy, the time inconsistency problem in monetary policy, and monetary policy targets and rules. For each topic covered, the theory, policy relevance, and empirical evidence are presented and discussed.
Hours per week:
Advice for students:
The course borrows a lot from economic theory, so if you remember those, you will be fine.