Checking date: 10/07/2020

Course: 2020/2021

Monetary and financial economics
Study: Bachelor in Economics (202)


Department assigned to the subject: Department of Economics

Type: Electives
ECTS Credits: 6.0 ECTS


Students are expected to have completed
Basic knowledge of macroeconomics and calculus is required
Competences and skills that will be acquired and learning results. Further information on this link
The aim of this course is to introduce the student to the basic concepts and models of monetary and financial economics. The student will learn about the following issues. 1. The role of money and other financial assets in the economy 2. The determinants of money demand and supply 3. The functioning of the money and financial markets 4. The role of banks and financial intermediaries 5. The effects of inflation 6. The working of the foreign exchange market 7. The role of monetary policy 8. Understand the role of budget constraints
Description of contents: programme
The course uses the Overlapping Generations framework as a workhorse to address the issues mentioned above. If time permits we will also review other standard models of money.
Learning activities and methodology
The course will be equally divided into theory lectures and practical sessions where exercises will be discussed.
Assessment System
  • % end-of-term-examination 50
  • % of continuous assessment (assigments, laboratory, practicals...) 50
Basic Bibliography
  • Carl Walsh. "Monetary Theory and Policy". The MIT Press. 3rd Edition 2010
  • Champ, Freeman and Haslag. "Modelling Monetary Economies". Cambridge University Press. 3rd Edition 2011
  • Mc Candless and Wallace. "Introduction to Dynamic Macroeconomic Theory: An Overlapping Generations Approach". Harvard University Press. 1991

The course syllabus and the academic weekly planning may change due academic events or other reasons.