ESF:PEMTAP Monetary Policy for NE - Course Information
PEMTAP Monetary Theory and Policy
Faculty of Economics and AdministrationAutumn 2006
- Extent and Intensity
- 2/0/0. 3 credit(s). Type of Completion: zk (examination).
- Teacher(s)
- Ing. Michal Kvasnička, Ph.D. (lecturer)
- Guaranteed by
- prof. PhDr. Kamil Fuchs, CSc.
Department of Economics – Faculty of Economics and Administration
Contact Person: Lydie Pravdová - Timetable
- Mon 10:15–11:50 P403
- Prerequisites
- pemik2 Microeconomics II && !pemtape
Microeconomics II - Course Enrolment Limitations
- The course is also offered to the students of the fields other than those the course is directly associated with.
The capacity limit for the course is 60 student(s).
Current registration and enrolment status: enrolled: 0/60, only registered: 0/60, only registered with preference (fields directly associated with the programme): 0/60 - fields of study / plans the course is directly associated with
- Economics (programme ESF, M-EKT)
- Economics (programme ESF, N-EKT)
- Financial Management (programme ESF, M-HPS)
- Financial Management (programme ESF, N-HPS)
- Economic Policy (programme ESF, M-HPS)
- Economic Policy (programme ESF, N-HPS)
- Business Management (programme ESF, M-EKM)
- Business Management (programme ESF, N-EKM)
- Regional Development and Administration (programme ESF, M-HPS)
- Regional Development and Administration (programme ESF, N-HPS)
- Public Economics (programme ESF, M-HPS)
- Public Economics (programme ESF, N-HPS)
- Course objectives
- The course has two aims: to introduce students to the fundamental concepts of monetary economic theory and to describe and evaluate the basic possible monetary systems of society. The first part will give an explanation of the origin, function and development of money and monetary systems, also the process of determination of price level will be explained, as well as the process of adaptation of the price level to monetary and real shocks. The course will also outline the basic view of the need to regulate the banking sector and the impact of such regulation on monetary stability. The problems of determination of the exchange rate and its interaction with the domestic economy will be covered by a special course Exchange Rate Policy for National Economists. The second part of the course will acquaint students with the functions of the individual basic types of monetary systems (freedom of banking; central bank on the gold standard; central bank and money with forced circulation). These systems will be evaluated in respect of the knowledge students gained in the first part of the course. The main strategies currently used by central banks will be described and evaluated here as well (monetary principles, targeting of the money supply, exchange rate pegging, targeting of inflation, etc.).
- Syllabus (in Czech)
- 1. Úvod do monetární ekonomie 2. Barterová ekonomika I – chování domácností a firem 3. Barterová ekonomika II – všeobecná rovnováha 4. Barterová ekonomika III – časová struktura výroby a kapitálu 5. Poptávka po penězích 6. Peněžní rovnováha 7. Nabídka peněz I – úvod a nabídka vnitřních peněz 8. Nabídka peněz II – režim fixace peněžní báze 9. Nabídka peněz III – režim fixace úrokové sazby 10. Teorie hospodářského cyklu I – úvod, RBC, ABC 11. Teorie hospodářského cyklu II – mispercepční teorie, teorie rigidních cen 12. Konečná příčina inflace a hospodářského cyklu 13. Aplikace v monetární politice
- Literature
- REVENDA, Zbyněk. Peněžní ekonomie a bankovnictví. Vyd. 1. Praha: Management Press, 1996, 613 s. ISBN 80-85943-06-9. info
- Jílek, J.: Peníze a měnová politika, Grada, 2004.
- Romer, D.: Advanced Macroeconomics, University of California, Berkeley, 2001.
- Kohn, M.: Money, Banking, and Financial Markets, The Dryden Press, 1993.
- While, L. H.: The Theory of Monetary Institutions, Blackwell Publishing, 1999.
- Kohn, M.: Financial Institutions and MarketsI, 2. vydání, Oxford University Press, 2004.
- REVENDA, Zbyněk. Centrální bankovnictví. Vyd. 1. Praha: Management Press, 1999, 741 s. ISBN 80-85943-89-1. info
- Assessment methods (in Czech)
- Přednáška ukončená písemnou zkouškou.
- Language of instruction
- Czech
- Further Comments
- The course is taught annually.
- Teacher's information
- http://www.econ.muni.cz/~qasar/vyuka.html#metp
- Enrolment Statistics (Autumn 2006, recent)
- Permalink: https://is.muni.cz/course/econ/autumn2006/PEMTAP