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Monetary Economics and Central Banking

Course code
ECON609
Course type
MSc Course
Weekly Hours
2,5
ECTS
5
Term
HS 2021
Language
Englisch
Lecturers
Prof. Dr. Ralf Fendel
Please note that exchange students obtain a higher number of credits in the BSc-program at WHU than listed here. For further information please contact directly the International Relations Office.

1. Monetary Theory

2. Monetary Policy

3.Macroeconomic Theory

Date Time
Friday, 03.09.2021 08:00 - 11:15
Tuesday, 07.09.2021 11:30 - 15:15
Tuesday, 14.09.2021 08:00 - 09:30
Thursday, 16.09.2021 11:30 - 15:15
Tuesday, 21.09.2021 08:00 - 11:15
Friday, 01.10.2021 08:00 - 11:15
Tuesday, 05.10.2021 11:30 - 15:15
Friday, 08.10.2021 08:00 - 11:15
Wednesday, 13.10.2021 09:00 - 10:30
Understanding of:

- Interest rate determination and term structure of interest rates

- Money Creation in modern economies

- Transmission of monetary policy

- The problem of the zero lower bound of interest rates

- Conventional and unconventional monetary policies

- Functioning of the European Central Bank (ECB) and the Fed

- Monetary policy strategies and their implementation

- Monetary policy rules

- Credibility and time inconsistency in monetary policy

- Analysis of aggregate demand and aggregate supply in the economy

Mishkin, F. S., The Economics of Money, Banking, and Financial Markets – Global Edition, 13th edition, Pearson, Boston 2021. Bindseil, U., Introduction to Central Banking, Springer Nature 2021, open access book; downloadable at: https://link.springer.com/book/10.1007%2F978-3-030-70884-9
Lectures

Class Room Discussions

Self Study

Exam or Assignment
Sound Knowledge in Macroeconomics
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