Checking date: 25/04/2024

Course: 2024/2025

Monetary and financial economics
Bachelor in Business Administration (Plan: 395 - Estudio: 204)


Department assigned to the subject: Economics Department

Type: Electives
ECTS Credits: 6.0 ECTS


Requirements (Subjects that are assumed to be known)
Basic knowledge of macroeconomics and calculus is recommended
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
Skills and learning outcomes
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

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.