E9330 Monetary theory and policy

Faculty of Science
Autumn 2006
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)
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 of Seminar Groups
E9330/01: Mon 10:15–11:50 P403
Prerequisites
E7320 Macroeconomy II
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.
fields of study / plans the course is directly associated with
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
The course is also listed under the following terms Autumn 2007 - for the purpose of the accreditation, Autumn 1999, Autumn 2000, Autumn 2001, Autumn 2002, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2007.
  • Enrolment Statistics (Autumn 2006, recent)
  • Permalink: https://is.muni.cz/course/sci/autumn2006/E9330