Checking date: 24/04/2025 13:38:53


Course: 2025/2026

Monetary and Financial Economics
(13664)
Bachelor in Economics (2008 Study Plan) (Plan: 145 - Estudio: 202)


Coordinating teacher: SEOANE BERNADAZ, HERNAN DANIEL

Department assigned to the subject: Economics Department

Type: Electives
ECTS Credits: 6.0 ECTS

Course:
Semester:




Requirements (Subjects that are assumed to be known)
Basic knowledge of macroeconomics and calculus is required
Objectives
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
Learning Outcomes
K3: Acquire knowledge of the theories and techniques specific to Economics, employing appropriate terminology and the scientific method. K4: To understand the functioning of the economy as the efficient allocation of scarce resources, including the importance of equity. K5: Know quantitative and qualitative research techniques, and be able to discern which are the most appropriate to apply in the field of economics. K6: Comprehend the economic and social impact of various public policies on different agents and in diverse socioeconomic contexts. K7: Understand the economic variables that regulate the economy and govern the behaviour of agents. K8: Understanding economic institutions K9: Identify the economic, political, and social framework for the activities of various economic, political, or social agents. K10: Understand the fundamental elements of the economic environment from the perspective of different theories and various economic agents. S6: Identify, collect, interpret and manage relevant information on economic issues, using the appropriate concepts and methodologies of analysis. S8: Formally representing economic decision-making processes C4: Solve economic models of interest from both theoretical and numerical perspectives.
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/test 50
  • % of continuous assessment (assigments, laboratory, practicals...) 50

Calendar of Continuous assessment


Extraordinary call: regulations
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 may change due academic events or other reasons.