The Monetary Policy and Banking track focuses on how monetary policy attempts to mitigate the risks of the financial economy. This track is 1 of 7 tracks you can opt for in our Master's in Economics.
This track provides you with an understanding of how monetary policy and financial institutions affect economic performance. But also on how economic models can be used in the current policy debate.
After finishing this track you will be able to contribute your knowledge and input in the debates that shape continental central banking institutions and share your own academic views on them.
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Apart from the 3 general courses of the full programme, you will follow 4 track-specific courses.
In this course you look at monetary economics through a theoretical lens. You will specifically explore a money-in-the-utility-function model, cash-in-advance models and a shopping-time model. Also you will learn about optimal monetary policy and look at New Keynesian monetary economics.
In this course you will study advanced topics in international financial and monetary relations, such as:
What are the key issues in bank management and the role of banks in the financial system? This is 1 of 2 core topics you will study in this course. You will learn about:
The other core topic is the recent global financial crisis. How did it change the global financial system and the macroeconomy? We look at:
Get introduced to theory and empirics of fiscal policy and public finance. You will look at these subjects both from a short-run perspective (the business cycle) and the long-run perspective (sustainability and the intergenerational dimension).
Learn how to apply different fiscal policy models and how to estimate policies.
Topics you will cover:
Examples of current newspaper headlines and relevant issues that could be discussed in your classroom.
Graduates of the Master's programme in Economics/Monetary Policy and Banking track have excellent job prospects for positions as researchers and experts in:
|Credits||60 ECTS, 12 months|
|Language of instruction||English|