International Teaching | MONETARY AND FINANCIAL ECONOMICS
International Teaching MONETARY AND FINANCIAL ECONOMICS
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cod. SE22400008
MONETARY AND FINANCIAL ECONOMICS
| SE22400008 | |
| DEPARTMENT OF ECONOMICS AND STATISTICS | |
| EQF7 | |
| STATISTICAL SCIENCES FOR FINANCE | |
| 2025/2026 |
| OBBLIGATORIO | |
| YEAR OF COURSE 1 | |
| YEAR OF DIDACTIC SYSTEM 2025 | |
| SPRING SEMESTER |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/01 | 10 | 60 | LESSONS |
| Objectives | |
|---|---|
| THE COURSE AIMS AT STUDYING MONETARY POLICY AND ITS POSSIBLE INTERACTIONS WITH FINANCIAL MARKETS. THE DYNAMICS RELATED TO EUROPEAN INTEGRATION FROM A MONETARY POINT OF VIEW ARE ALSO STUDIED. KNOWLEDGE AND UNDERSTANDING STUDENTS WILL BE ABLE TO UNDERSTAND THE ACTIVITY OF CENTRAL BANKS IN ITS ENTIRETY. THEY WILL ALSO ACQUIRE CRITICAL SKILLS ON THE EVOLUTION OF FINANCIAL MARKETS RELATED TO MONETARY POLICY CHOICES. THE FINAL PART OF THE COURSE WILL SHOW THE USE OF AUTOREGRESSIVE VECTORS, USEFUL TOOLS FOR THE PURPOSE OF CAUSAL ANALYSIS DUE TO MACRO-FINANCIAL INTERACTIONS KNOWLEDGE AND UNDERSTANDING STUDENTS WILL BE ABLE TO SELECT AND ANALYSE ECONOMIC AND FINANCIAL VARIABLES USEFUL TO INTEGRATE INFORMATION NECESSARY FOR THE EVALUATION OF FINANCIAL TRANSACTIONS. |
| Prerequisites | |
|---|---|
| THERE ARE NO PREPARATORY EXAMS. |
| Contents | |
|---|---|
| **MODULE 1. THE BUSINESS CYCLE AND MONETARY POLICY - THE GREAT DEPRESSION AND THE BIRTH OF MACROECONOMICS - KEYNES - MONETARISM - LUCAS AND THE NEW CLASSICAL MACROECONOMICS - 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 AUTOREGRESSIVE VECTORS FROM THE REDUCED FORM TO THE STRUCTURAL FORM: CHOLESKY'S IDENTIFICATION IMPULSE RESPONSES TO A SHOCK DECOMPOSITION OF VARIANCE |
| Teaching Methods | |
|---|---|
| FRONTAL LESSONS FORM THE FOUNDATION OF THE TEACHING METHOD USED. THROUGH FRONTAL TEACHING AND INTERACTION WITH THE CLASSROOM, UNDERSTANDING OF THE PROGRAM'S COMPONENTS IS FACILITATED, AND THE STRONG CONNECTION BETWEEN THEORETICAL ASPECTS AND THE REAL CONTEXT IS HIGHLIGHTED. SOME EXERCISES WILL BE CONDUCTED USING R SOFTWARE TO ESTIMATE THE AUTOREGRESSIVE VECTORS. |
| Verification of learning | |
|---|---|
| THE ACHIEVEMENT OF THE COURSE OBJECTIVES IS CERTIFIED BY PASSING AN EXAM WITH A GRADE OUT OF THIRTY. THE EXAM INCLUDES AN ORAL EXAM AIMED AT VERIFYING THE LEARNING OF ALL THE MODULES COVERED DURING THE COURSE. MORE SPECIFICALLY: THE WRITTEN EXAM (ONE QUESTION PER MODULE, FOR A DURATION OF 90 MINUTES) WILL HAVE THE PURPOSE OF VERIFYING THE ACTUAL LEARNING OF THE VARIOUS TOPICS COVERED. THE PRESENTATION OF AN ACADEMIC ARTICLE RELEVANT TO THE TOPICS COVERED WILL ALSO BE REQUIRED. FINALLY, STUDENTS WILL HAVE TO DEVELOP A PROJECT BASED ON THE ESTIMATION OF A VAR IN PAIRS. |
| 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. WALTER ENDERS - APPLIED ECONOMETRIC TIME SERIES - PART OF THE WILEY SERIES IN STATISTICS AND PROBABILITY |
| More Information | |
|---|---|
| THE COURSE WILL BE HELD IN ENGLISH. FURTHER INFORMATION MAY BE REQUESTED AT MFRAGETTA@UNISA.IT. |
BETA VERSION Data source ESSE3
