Monetary Economics

In this course, you will learn more about the fascinating object called “money.” We will cover all relevant parts concerning monetary economics, i.e. the history of money, optimal monetary policy, monetary theory models, etc.

Topics Discussed:

  1. Money (pp. 224—241)
  2. Commodity Money (pp. 27—33)
  3. Fiat Money (pp. 66—75)
  4. Neutrality of Money (pp. 262—276)
  5. Optimum Quantity of Money (pp. 287—290)
  6. History of Monetary Economics (pp. 189—204)
  7. Search and Matching Models of Monetary Exchange (pp. 348—356)
  8. Kiyotaki and Wright (1993)
  9. Swiss National Bank
  10. Hyperfinflation (pp. 92—95 and 123—126)

Exam:

  • Decentral exam (70%) on 21.12.2011
  • Group essay (in groups of up to 4 people, 30%) sent to my mail address by 30.11.2011, 23:59 CEST in PDF format. See the course homepage for more informations.

Literature: