Terminated in academic year 2020/2021

Monetary Theory and Policy

Type of study	Bachelor
Language of instruction	English
Code	156-0560/01
Abbreviation	MTP
Course title	Monetary Theory and Policy
Credits	4
Coordinating department	Department of Applied Economics
Course coordinator	prof. Ing. Lumír Kulhánek, CSc.

Subject syllabus

1. Money and Credit in Economy
2. Different Kinds of Money and Payment System Evolution
3. Financial System, Functions and Structure of Financial Markets
4. Banking Systems and History of Banking
5. Central Bank
6. Theoretical Approaches to Money Demand
7. Money Creation, Money Supply Process
8. Interest Rate Theories
9. Monetary Policy Objectives
10. Transmission mechanism of monetary policy
11. Monetary Policy Instruments
12. Inflation Targeting and Money Supply Targeting
13. The ECB’s Monetary Policy Strategy
14. Financial Crises 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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