Monetary Economics and Central Banking
Course code
ECON609
Course type
MSc Course
Weekly Hours
2,5
ECTS
5
Term
FS 2019
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.
Course content
1. Monetary Theory
2. Monetary Policy
3. The Role of Central Banks for Financial Stability
Class dates
| Date | Time |
|---|---|
| Tuesday, 05.03.2019 | 08:00 - 11:15 |
| Monday, 11.03.2019 | 08:00 - 11:15 |
| Thursday, 21.03.2019 | 11:30 - 13:00 |
| Wednesday, 10.04.2019 | 11:30 - 15:15 |
| Friday, 12.04.2019 | 08:00 - 11:15 |
| Tuesday, 16.04.2019 | 08:00 - 11:15 |
Learning outcomes
- Interest rate determination
- Term structure of interest rates
- Money Creation in modern economies and new forms of money such as bitcoin
- 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 implementation
- Monetary policy rules
- Credibility and time inconsistency in monetary policy
Literature
tba
Learningmethods
Lectures
Class Room Discussions
Self Study
Exam
Exam
Requirements
Sound Knowledge in Macroeconomics
Total workload
150