Universität Wien

040196 UK Money and Banking (MA) (2021S)

Track in Macroeconomic Policy

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Prüfungsimmanente Lehrveranstaltung
DIGITAL
Moodle

An/Abmeldung

Hinweis: Ihr Anmeldezeitpunkt innerhalb der Frist hat keine Auswirkungen auf die Platzvergabe (kein "first come, first served").

Details

max. 100 Teilnehmer*innen
Sprache: Englisch

Lehrende

Termine (iCal) - nächster Termin ist mit N markiert

  • Donnerstag 04.03. 09:45 - 11:15 Digital
  • Donnerstag 11.03. 09:45 - 11:15 Digital
  • Donnerstag 18.03. 09:45 - 11:15 Digital
  • Donnerstag 25.03. 09:45 - 11:15 Digital
  • Donnerstag 15.04. 09:45 - 11:15 Digital
  • Donnerstag 22.04. 09:45 - 11:15 Digital
  • Donnerstag 29.04. 09:45 - 11:15 Digital
  • Donnerstag 06.05. 09:45 - 11:15 Digital
  • Donnerstag 20.05. 09:45 - 11:15 Digital
  • Donnerstag 27.05. 09:45 - 11:15 Digital
  • Donnerstag 10.06. 09:45 - 11:15 Digital
  • Donnerstag 17.06. 09:45 - 11:15 Digital
  • Donnerstag 24.06. 09:45 - 11:15 Digital

Information

Ziele, Inhalte und Methode der Lehrveranstaltung

Aims: Students become familiar with the basic terminology and selected models related to monetary theory, banking, and monetary policy analysis.
Contents: Money and other assets; the monetary-financial architecture; Bitcoin; money as a medium of exchange; interest rates and related concepts; money demand; money supply; asymmetric information; bank runs and insolvency; monetary policy; dynamic inconsistency and the inflation bias; monetary transmission mechanisms.
Methods: The course material is explained in a presentation by the lecturer. Homework exercises will be provided so that students can practise.

Art der Leistungskontrolle und erlaubte Hilfsmittel

There will be a mid term exam and a final exam, each one counting for 45%. One of the homework exercises will be graded and contributes 10% to the final grade.

Mindestanforderungen und Beurteilungsmaßstab

Passing the course requires that half of all possible points from the two exams and the homework exercises are achieved.

Prüfungsstoff

Material presented during the lectures plus some selected and specially announced readings.

Literatur

Backus and Driffill (1985): “Inflation and reputation”, American Economic Review 75 (1985), 530-538.
Carlin and Soskice (2006): Macroeconomics: Imperfections, Institutions & Policies, Oxford University Press (2006).
Carlin and Soskice (2015): Macroeconomics: Institutions, Instability, and the Financial System, Oxford University Press (2015).
Diamond and Dybvig (1983): "Bank runs, deposit insurance, and liquidity", Journal of Political Economy 91 (1983), 401–419.
Kiyotaki and Wright (1993): “A search-theoretic approach to monetary economics”, American Economic Review 83 (1993), 63-77.
Mishkin (2016): The Economics of Money, Banking, and Financial Markets, 11th ed. (2016)
McLeay, Radia, and Thomas (2014a): “Money in the modern economy: an introduction”, Bank of England Quarterly Bulletin 2014 Q1.
McLeay, Radia, and Thomas (2014b): “Money creation in the modern economy”, Bank of England Quarterly Bulletin 2014 Q1.
Nakamoto, Satoshi (2008): "Bitcoin: A Peer-to-Peer Electronic Cash System", White Paper, https://bitcoin.org/bitcoin.pdf

Zuordnung im Vorlesungsverzeichnis

Letzte Änderung: Fr 12.05.2023 00:12