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2017/18 Undergraduate Module Catalogue

LUBS3430 Modern Theories of Money and Monetary Policy

10 creditsClass Size: 90

Module manager: Giuseppe Fontana

Taught: Semester 1 View Timetable

Year running 2017/18


LUBS2610Intermediate Macroeconomics

This module is mutually exclusive with

LUBS3420Monetary Economics

This module is not approved as a discovery module

Module summary

This module draws on Prof. Giuseppe Fontana's research expertise on modern theories of money, inflation interest rates, and monetary policy. The pre-requisites are intermediate knowledge of macroeconomics, mathematics and statistics. Please note that the module material is accessible to all students, with or without technical expertise. No prior knowledge of the subject is required.


The module aims to introduce and integrate modern developments in the economic theories of money, inflation and interest rates. This module also aims to provide student with the knowledge and skills to explore the implications for policy and the understanding of economics implied by these alternative theories and development and context within wider economics.

Learning outcomes
Upon completion of this module, students will be able to:
- Interpret and outline the modern theories of money and their policy implications
- Evaluate competing theoretical and empirical perspectives on money, inflation, and interest rates
- Interpret and explain the policy implications of the different perspectives of money, inflation and interest rates

Skills outcomes
Upon completion of this module, students will be able to:
- Apply critical thinking skills in complex contexts


Indicative content
Alternative theories of money, inflation and interest rates

Teaching methods

Delivery typeNumberLength hoursStudent hours
Private study hours85.00
Total Contact hours15.00
Total hours (100hr per 10 credits)100.00

Private study

Students are asked to revise lecture material and prepare verbal presentations on pre-assigned topics in seminar classes.

Opportunities for Formative Feedback

Oral feedback on verbal presentations.

Methods of assessment

Assessment typeNotes% of formal assessment
Oral PresentationFive 10-15 minutes group presentations0.00
Essay3000 words100.00
Total percentage (Assessment Coursework)100.00

Resit will be 100% by coursework.

Reading list

The reading list is available from the Library website

Last updated: 01/12/2017


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