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ES30099: Monetary economics

[Page last updated: 02 August 2022]

Academic Year: 2022/23
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Honours (FHEQ level 6)
Period:
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Examination (EX 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Requisites: Before taking this module you must take ES20013
Learning Outcomes: By the end of this module, the students will be able to:
* Explain the existence and role of money and describe the effects of money both in the short run and in the long run
* Apply theoretical frameworks to study monetary issues
* Describe and explain the main channels of the monetary policy transmission mechanism
* Contribute to policy debate by using economic logic on topics such as monetary policy instrument choice and the role of monetary policy for financial regulation

Aims: To provide students with a thorough understanding of monetary theory. The focus will be on developing understanding of the role of money, the tools and strategies implemented by monetary authorities and the impact of monetary policy on financial markets and the macroeconomy.

Skills: Ability to develop logically rigorous arguments,
Ability to apply basic economic theory,
Ability to design economic policy.

Content:
* The nature and function of money
* Theories of money demand
* Money and Inflation
* Transmission mechanism of monetary policy
* The role of the Central Bank and the conduct of monetary policy
* Monetary policy instrument choice
* Financial crises and the role of Central Banks.

Programme availability:

ES30099 is Optional on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc(Hons) Economics (Year 3)
  • UHES-AAB03 : BSc(Hons) Economics with Study year abroad (Year 4)
  • UHES-AKB03 : BSc(Hons) Economics with Year long work placement (Year 4)
  • UHES-AFB04 : BSc(Hons) Economics and Mathematics (Year 3)
  • UHES-AAB04 : BSc(Hons) Economics and Mathematics with Study year abroad (Year 4)
  • UHES-AKB04 : BSc(Hons) Economics and Mathematics with Year long work placement (Year 4)
  • UHES-ACB04 : BSc(Hons) Economics and Mathematics with Combined Placement and Study Abroad (Year 4)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 3)
  • UHES-AAB01 : BSc(Hons) Economics and Politics with Study year abroad (Year 4)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)
  • UHES-ACB01 : BSc(Hons) Economics and Politics with Combined Placement and Study Abroad (Year 4)
  • UHES-ACB03 : BSc(Hons) Economics with Combined Placement and Study Abroad (Year 4)

Notes:

  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
  • Programmes and units are subject to change in accordance with normal University procedures.
  • Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
  • Find out more about these and other important University terms and conditions here.