65-006 Theory of money and monetary economics
second cycle Master degree study programme Economics and Finance
Course Supervisor: Assoc. Prof. Suzana Laporšek
Content
- Money: origin, nature and functions of money; definitions of money; types of money and their evolution; role of money in the economy.
- Monetary system.
- Money demand.
- Money supply: monetary aggregates and monetary base; model of money supply and money multipliers; factors determining money supply; overview of money creation process.
- Monetary policy: goals, tools, implementations (strategies, conventional and unconventional instruments) and effects.
- Models of monetary policy (traditional and modern monetary theories; monetary policy in closed and open economy; monetary policy and inflation, interest rates, exchange rate policy).
- Transmission mechanisms of monetary policy.
- International monetary system.
- Monetary policy of the euro area (and comparison with selected
countries).