Monetary Economics
Course Content and Outline
Course Content
Introduction (7 hours)
- Definition,
functions and qualities money
- Evolution
of money
- Evaluation
of monetary standards: the Pros and Cons of a monetary economy
Money demand and supply (8 hours)
- Definition
of money demand and supply
- Measurement
and determinants of money supply
- Determinants
of money demand
- Theories
of money demand and supply
Financial markets (8 hours)
- Definition
of financial markets
- Types
of markets
- Financial
markets Instruments
- Organized
and unorganized markets in LDCs
Financial intermediaries (7 hours)
- Definition
of financial intermediaries
- Contrasting
Banking and none banking financial intermediaries
- Banking
financial intermediaries
- Commercial
banks and credit creation
- Determinants
and Limitations of credit creation theory
- Central
banks, functions and roles
- Monetary
policy, tools and limitations
Theories of money demand and supply (8 hours)
- The
Quantity theory, the Keynesian transaction demand for money, The
Baumol-Tobin model and the monetarists’ views.
- The
Hansen Hicksian IS-LM Analysis, including Equilibrium analysis, and the
classical Vs Keynesian analysis.
International Monetary issues (7 hours)
- Foreign
exchange rates- determination and fluctuations, effects and remedies.
- BOP
and terms of trade
- Inflation
and interest rate
Teaching and Learning Methods
·
Interactive
Lectures
·
Reading
Assignments
·
Group
Discussions
·
Field
Trips
·
Guided
Discovery
·
Documentaries
Students’ Learning Activities
- Group Work
- Classroom Presentations
- Assignments