IER 301 – Monetary theory and politics

IER 301 – Monetary theory and politics; Weekly hours: 2+1, ECTS: 5
This course aims to familiarize students with the fundamental issues in the field of monetary theory and policy, the process of creating money, tools, and monetary policy objectives. After completing this course, students will have basic knowledge in the following topics: Money and transactions, monetary aggregates and short-term inflation, money and open economy, credit channels of monetary policy, operational monetary policy procedures, interest rate and monetary policy, analysis of monetary policy – new Keynesian models, monetary policy strategies in Advanced economies, Targeted inflation – a new framework of monetary policy, inflation, monetary policy strategies in transition economies and emerging economies, targeting inflation in the emerging economies and transition economies.