PřF:E9330 Monetary theory and policy - Course Information
E9330 Monetary theory and policy
Faculty of ScienceAutumn 2007
- Extent and Intensity
- 1/1/0. 3 credit(s) (fasci plus compl plus > 4). Type of Completion: graded credit.
- Teacher(s)
- Ing. Michal Kvasnička, Ph.D. (lecturer)
doc. Ing. Ondřej Krčál, Ph.D. (seminar tutor)
Lydie Pravdová (assistant) - Guaranteed by
- prof. Ing. Martin Kvizda, Ph.D.
Faculty of Economics and Administration
Contact Person: prof. Ing. Martin Kvizda, Ph.D. - Timetable
- Mon 10:15–11:00 P403
- Timetable of Seminar Groups:
- Prerequisites
- E7320 Macroeconomy II
Microeconomics II - Course Enrolment Limitations
- The course is only offered to the students of the study fields the course is directly associated with.
- fields of study / plans the course is directly associated with
- Mathematics - Economics (programme PřF, M-AM)
- Mathematics - Economics (programme PřF, N-AM)
- 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. Centrální bankovnictví. Management Press, 1999.
- While, L. H.: The Theory of Monetary Institutions, Blackwell Publishing, 1999.
- Revenda, Z. Peněžní ekonomie a bankovnictví. Management Press, 1996.
- Kohn, M.: Money, Banking, and Financial Markets, The Dryden Press, 1993.
- Romer, D.: Advanced Macroeconomics, University of California, Berkeley, 2001.
- Jílek, J.: Peníze a měnová politika, Grada, 2004.
- Kohn, M.: Financial Institutions and Markets, 2. vydání, Oxford University Press, 2004.
- Assessment methods (in Czech)
- Přednáška ukončená písemnou zkouškou.
- Language of instruction
- Czech
- Further Comments
- The course can also be completed outside the examination period.
The course is taught annually. - Teacher's information
- http://www.econ.muni.cz/~qasar/vyuka.html#metp
- Enrolment Statistics (recent)
- Permalink: https://is.muni.cz/course/sci/autumn2007/E9330