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Monetary Economics and Central Banking

Course code
ECON609
Course type
MSc Course
Weekly Hours
2,5
ECTS
5
Term
HS 2022
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
Wednesday, 07.09.2022 08:00 - 11:15
Friday, 09.09.2022 09:45 - 11:15
Monday, 12.09.2022 08:00 - 11:15
Wednesday, 14.09.2022 08:00 - 11:15
Wednesday, 21.09.2022 08:00 - 11:15
Wednesday, 28.09.2022 11:30 - 15:15
Thursday, 06.10.2022 09:45 - 13:00
Wednesday, 12.10.2022 15:30 - 18:45
Friday, 14.10.2022 09:45 - 13:00
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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