MONETARY AND FINANCIAL ECONOMICS

International Teaching MONETARY AND FINANCIAL ECONOMICS

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0222400016
DEPARTMENT OF ECONOMICS AND STATISTICS
EQF7
STATISTICAL SCIENCES FOR FINANCE
2024/2025



OBBLIGATORIO
YEAR OF COURSE 1
YEAR OF DIDACTIC SYSTEM 2014
SPRING SEMESTER
CFUHOURSACTIVITY
1060LESSONS
Objectives
*KNOWLEDGE AND UNDERSTANDING

THE COURSE AIMS TO STUDY MONETARY POLICY AND ITS POSSIBLE INTERACTIONS WITH THE FINANCIAL MARKETS. WE ALSO STUDY THE DYNAMICS LINKED TO EUROPEAN INTEGRATION FROM THE MONETARY POINT OF VIEW. STUDENTS WILL BE ABLE TO UNDERSTAND THE ACTIVITY OF CENTRAL BANKS AS A WHOLE. THEY WILL ALSO ACQUIRE CRITICAL SKILLS REGARDING THE EVOLUTION OF FINANCIAL MARKETS LINKED TO MONETARY POLICY CHOICES. FINALLY, THEY WILL HAVE A GREATER AWARENESS OF THE CRITICAL ASPECTS OF THE EVOLUTION OF EUROPEAN MONETARY INTEGRATION FROM AN ECONOMIC AND FINANCIAL VIEWPOINT.

*ABILITY TO APPLY KNOWLEDGE AND UNDERSTANDING

STUDENTS WILL BE ABLE TO CHOOSE AND ANALYZE THE ECONOMIC AND FINANCIAL VARIABLES USEFUL FOR INTEGRATING THE INFORMATION NEEDED IN THE EVALUATION OF FINANCIAL TRANSACTIONS.
Prerequisites
THERE ARE NO PROPAEDEUTIC EXAMS.
Contents
MODULE 1. THE BUSINESS CYCLE AND MONETARY POLICY

- THE GREAT DEPRESSION AND THE BIRTH OF THE MACROECONOMY

- KEYNES

- MONETARISM

- LUCAS AND THE NEW CLASSICAL ECONOMICS

- THE REAL BUSINESS CYCLE

- THE NEO-KEYNESIANS

MODULE 2. RECENT ALTERNATIVE MONETARY POLICY REGIMES:

- MONEY TARGETING

- INFLATION TARGETING

-EURO

-FIXED AND FLEXIBLE EXCHANGE RATE SYSTEM

MODULE 3. ECONOMICS OF EUROPEAN MONETARY INTEGRATION

- THE EUROPEAN CENTRAL BANK

- THE MONETARY POLICY OF THE EUROPEAN CENTRAL BANK

- THE EUROPEAN CENTRAL BANK AND THE FINANCIAL MARKETS

- COST-BENEFIT ANALYSIS OF THE EUROPEAN MONETARY UNION




Teaching Methods
LECTURES ARE THE BASIS OF THE TEACHING METHOD USED. THROUGH FRONTAL TEACHING AND INTERACTION WITH THE CLASSROOM, THE UNDERSTANDING OF THE PROGRAM PARTS IS FACILITATED AND THE CLOSE LINK EXISTING BETWEEN THE THEORETICAL ASPECTS AND THE REAL CONTEXT IS EMPHASIZED.
Verification of learning
THE ACHIEVEMENT OF THE OBJECTIVES OF THE COURSE IS CERTIFIED BY PASSING AN EXAM
WITH EVALUATION IN THIRTIES. THE EXAM INCLUDES A WRITTEN AND ORAL TEST TO VERIFY THE LEARNING OF ALL THE MODULES COVERED DURING THE COURSE. MORE PRECISELY:
THE WRITTEN TEST (ONE QUESTION PER MODULE, FOR A DURATION OF 90 MINUTES) WILL HAVE THE PURPOSE OF VERIFYING THE ACTUAL LEARNING OF THE DIFFERENT TOPICS COVERED.
THE ORAL EXAM (OPTIONAL) WILL BE AIMED AT JUDGING IF THE STUDENT IS ABLE TO ASSESS ECONOMIC-FINANCIAL PHENOMENA WITH THE INSTRUMENTS ACQUIRED
Texts
MODERN MACROECONOMICS: ITS ORIGINS, DEVELOPMENT AND CURRENT STATE, BRIAN SNOWDON AND HOWARD R. VANE

BALL L. (2010), "THE PERFORMANCE OF ALTERNATIVE MONETARY REGIMES", HANDBOOK OF MACROECONOMICS.

DE GRAUWE, P. (2006), "WHAT HAVE WE LEARNT ABOUT MONETARY INTEGRATION SINCE THE MAASTRICHT TREATY", JOURNAL OF COMMON MARKET STUDIES.

ECONOMICS OF MONETARY UNION, PAUL DE GRAUWE
More Information
THE COURSE WILL BE HELD IN ENGLISH.
FURTHER INFORMATION CAN BE REQUESTED VIA E-MAIL: MFRAGETTA@UNISA.IT
  BETA VERSION Data source ESSE3