Courses Catalogue

Monetary Economics

COURSE CODE: ECO 3102
COURSE CREDIT UNIT: 3
ACADEMIC PROGRAMME: Economics
COLLEGE/SCHOOL/FACULTY: College of Economics and Management
STATUS: Core
PROGRAMME TYPE: Undergraduate

Course Description

PURPOSE OF THE COURSE

This course unit is designed to take students into a thorough exploration of the basic concepts, types and functions money, an evaluation of money markets and monetary standards, the theories of money demand and supply and monetary policy analysis, monetary institutions and their functioning, international monetary issues, assessment and evaluation, BOP, TOT, interest rates and inflation.

 

EXCEPTED LEARNING OUTCOMES

By the end of the course unit, students should be able to:

o   Explain the functions, qualities and describe the various stages in evolution of money.

o   Evaluate monetary standards and monetary economy

o   Analyze determinants of money demand and supply

o   Compute quantity of money demand and supply.

o   Explain the various types and working of the global and local money and capital markets so that one can even participate in their operation.

o   Explain the different theories of money and to and assess their relevance in developing countries

o   Explain the IS-LM curve and analyze the equilibrium in money markets.