Universität Wien

040196 UK Money and Banking (MA) (2020S)

Track in Macroeconomic Policy

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
Moodle

Registration/Deregistration

Note: The time of your registration within the registration period has no effect on the allocation of places (no first come, first served).

Details

max. 100 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Due to the measures taken by the University of Vienna to prevent rapid spreading of Corona virus, the format of this course has to be changed until further notice. There cannot be any lectures in class. Instead, I will provide written explanations of the material and post them in the section "Course material" on the Moodle page. In combination with the beamer presentation that is already on the website, this should allow students to learn the material by themselves. There will also be a discussion forum on the website that allows students to post questions and receive answers. There will be no changes regarding the homework exercises and their assessment.

  • Thursday 05.03. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 19.03. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 26.03. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 02.04. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 23.04. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 30.04. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 14.05. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 28.05. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 04.06. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock
  • Thursday 18.06. 09:45 - 11:15 Hörsaal 14 Oskar-Morgenstern-Platz 1 2.Stock

Information

Aims, contents and method of the course

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; 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.

Assessment and permitted materials

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.

Minimum requirements and assessment criteria

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

Examination topics

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

Reading list

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.

Association in the course directory

Last modified: Mo 27.07.2026 10:53