2017/18 Undergraduate Module Catalogue

LUBS3430 Modern Theories of Money and Monetary Policy

10 creditsClass Size: 90

Module manager: Giuseppe Fontana
Email: gf@lubs.leeds.ac.uk

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2017/18

Pre-requisites

LUBS2610

Intermediate Macroeconomics

This module is mutually exclusive with

LUBS3420

Monetary 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.

Objectives

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:
Transferable:
- Apply critical thinking skills in complex contexts

Syllabus

Indicative content
Alternative theories of money, inflation and interest rates

Teaching methods

Delivery type	Number	Length hours	Student hours
Lecture	10	1.00	10.00
Seminar	5	1.00	5.00
Private study hours			85.00
Total Contact hours			15.00
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

Coursework

Assessment type	Notes	% of formal assessment
Oral Presentation	Five 10-15 minutes group presentations	0.00
Essay	3000 words	100.00
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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