- Docente: Cyril Monnet
The class is an introduction to monetary economics broadly understood. In addition to developing the economic intuition, the class presents the standard modelling tools that the students will need for conducting research or reading papers in monetary economics. The issues covered include the statistical and economic definition of money, inflation, central bank balance sheets, the optimality of the public or private provision of money, and forays into financial intermediation for example when tackling credit. Students will be introduced to important economic concepts such as limited commitment, time inconsistency of economic policy, as well as aggregate consequences of strategic complementary.
The course entails a fair amount of mathematical materials. Students will become familiar with the technical tools used in modern macroeconomics. The slides for each class will be made available shortly before the lecture, so students can focus their attention on understanding the concepts covered.
Weekly review sessions cover the methods used in the class in more details and are used to present the solution to weekly problem sets. Problem sets will be given in class. The students are encouraged to try them out before they are solved in the review session, as the exams will be based on them.
The final grade for the course is calculated on the basis of a final exam (100%). The final exam is closed book.