Terminated in academic year 2020/2021

Monetary Policy

Type of study	Bachelor
Language of instruction	English
Code	156-0524/02
Abbreviation	MP
Course title	Monetary Policy
Credits	4
Coordinating department	Department of Applied Economics
Course coordinator	Ing. Emil Adámek, Ph.D.

Subject syllabus

1. Money and its importance in the economy
2. Development of forms of money and the payment system.
3. Financial system and financial markets
4. Banking systems and banking history
5. Central Bank
6. Theoretical approaches to money demand
7. Money supply and creation of money
8. Theory of interest rates
9. Monetary policy objectives, criteria and indicators
10. Transmission mechanisms and monetary policy strategies
11. Monetary policy instruments
12. Inflation targeting and targeting money supply
13. European Central Bank
14. Financial crisis and monetary policy.

Literature

MISHKIN, F. S. The Economics of Money, Banking, and Financial Markets. 10th ed. Harlow: Pearson, 2013. 726 s. ISBN 978-0-273-76573-8.
CECCHETTI, S.G. Money, banking, and financial markets. 3rd ed. New York : McGraw-Hill/Irwin, 2011. 673 s. ISBN 978-0-07-122068-2.

Advised literature

HUBBARD, G. R. and A. P. O´BRIEN. Money, Banking, and the Financial System. 2nd ed. Boston : Pearson, 2014. 652 s. ISBN 978-1-292-00018-3.
MISHKIN, F.S. Monetary policy strategy. Cambridge : MIT Press, 2007. 549 s. ISBN 978-0-262-13482-8.
BOFFINGER, P. Monetary policy: goals, institutions, strategies, and instruments. Oxford: Oxford University Press, 2001. 454 s. ISBN 0-19-924856-7.

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