Universität Wien

040196 KU Money and Banking (MA) (2024S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
ON-SITE
Moodle
Tu 14.05. 13:15-14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

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. 200 participants
Language: English

Lecturers

Classes (iCal) - next class is marked with N

Tuesday 05.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 19.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 09.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 16.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 23.04. 13:15 - 14:45 Digital
Tuesday 30.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 21.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 28.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 04.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 11.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
Tuesday 18.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

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; 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.

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.
Nakamoto, Satoshi (2008): "Bitcoin: A Peer-to-Peer Electronic Cash System", White Paper, https://bitcoin.org/bitcoin.pdf

Association in the course directory

Last modified: Mo 04.03.2024 15:05