Monetary economics

Type of study	Follow-up Master
Language of instruction	Czech
Code	114-0377/01
Abbreviation	MOE
Course title	Monetary economics
Credits	5
Coordinating department	Department of Economics
Course coordinator	prof. Ing. Zuzana Kučerová, Ph.D.

Subject syllabus

1. Money and its role in economy
2. Demand for money
3. Supply of money
4. Interest rates
5. Central bank and its functions
6. Transmission mechanisms of monetary policy
7. Monetary policy, objectives and instruments, un/conventional MP
8. Monetary policy regimes
9. Monetary policy and exchange rate, interest rate parity
10. Exchange rate and output
11. Exchange rate regimes and monetary policy
12. Evolution of international monetary system
13. Balassa-Samuelson model

Literature

CECCHETTI, Stephen G. a Kermit L. SCHOENHOLTZ. Money, Banking, and Financial Markets. 6th ed. New York: McGraw-Hill Education, 2021. ISBN 978-1-260-22678-2.
MISHKIN. Frederic S. The Economics of Money, Banking, and Financial Markets. 12th ed. Harlow: Pearson Addison Wesley, 2019. ISBN 978-1-292-26885-9.
VALDEZ, Stephen and Philip MOLYNEUX. An Introduction to Global Financial Markets. London: Palgrave, 2016. ISBN 978-1-137-49755-0.

Advised literature

KRUGMAN, Paul R., Maurice OBSTFELD a Marc J. MELITZ. International finance: theory & policy. 11th ed. Harlow: Pearson, 2018. .
MISHKIN, Frederic and Stanley G. EAKINS. Financial Markets and Institutions. 9th ed. Harlow: Pearson Education Limited, 2018. .
MOENJAK, Thammarak. Central Banking: Theory and Practice in Sustaining Monetary and Financial Stability. Singapore: Wiley, 2014. ISBN 978-1-118-83246-2.

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