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Durham University

Postgraduate Module Handbook 2021/2022

Archive Module Description

This page is for the academic year 2021-22. The current handbook year is 2022-23
No such Code for pgprog: L1K109

Department: Economics and Finance

ECON40515: MONETARY ECONOMICS

Type Tied Level 4 Credits 15 Availability Not available in 2021/22
Tied to L1K109
Tied to L1T109 Economics
Tied to L1T209 Public Economics
Tied to L1T309 Experimental Economics
Tied to L1T409 Environmental & Natural Resource Economics
Tied to N3K709 Finance (Economics and Finance)

Prerequisites

  • None

Corequisites

  • None

Excluded Combination of Modules

  • None

Aims

  • To provide students with the specialist instruments for analysing monetary issues in a range of theoretical models and for analysing the theory and practice of monetary policy in modern industrialised economies.

Content

  • Central Bank Independence.
  • Background to Monetary Policy.
  • Credibility and Time-Inconsistency in Monetary Policy.
  • International Monetary Policy Co-ordination.
  • The Demand for and supply of Money.
  • The Monetary Transmission Mechanism.
  • Monetary Policy in Practice.
  • Exchange Rates and External Arrangements.

Learning Outcomes

Subject-specific Knowledge:
  • have explored, understood and appreciated the complexity and diversity of the current relevant academic literature and its implications for professional practice, and be able to identify open questions for their own research;
  • have demonstrated ability to learn and work independently in addressing challenging complex issues in monetary economics.
Subject-specific Skills:
  • have used highly specialised and advanced academic, technical and professional skills in analysing issues in monetary economics and policy.
Key Skills:
  • Written Communication;
  • Planning, Organising and Time Management;
  • Problem Solving and analysis;
  • Using initiative;
  • Numeracy;
  • Computer Literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • A combination of lectures, seminars and guided reading will contribute to achieving the aims and learning outcomes of this module. Summative assessment by written examination will test students' knowledge and understanding of the subject-matter, their critical judgement and problem-solving and critical skills.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 22 1 per week 2 hours 22
Seminars/Workshops 8 Fortnightly 1 hour 8
Preparation & Reading 120
Total 150

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
Unseen written examination 2 hours 100% Same

Formative Assessment:

1 test in the Epiphany term. Work prepared by students for seminars; answers to questions either discussed during a seminar, or posted on DUO.


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University