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2022/23 Undergraduate Module Catalogue

LUBS3430 Modern Theories of Money and Monetary Policy

10 creditsClass Size: 90

Module manager: Giuseppe Fontana

Taught: Semester 1 (Sep to Jan) View Timetable

Year running 2022/23


LUBS2610Intermediate Macroeconomics

This module is not approved as a discovery module

Module summary

This module draws 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 hours75.00
Total Contact hours25.00
Total hours (100hr per 10 credits)100.00

Private study

This could include a variety of activities, such as reading, watching videos, question practice and exam preparation.

Opportunities for Formative Feedback

Your teaching methods could include a variety of delivery models, such as face-to-face teaching, live webinars, discussion boards and other interactive activities. There will be opportunities for formative feedback throughout the module.

Methods of assessment

Assessment typeNotes% of formal assessment
Oral Presentation5 x 10-15 minutes group presentations0.00
Essay3,000 words100.00
Total percentage (Assessment Coursework)100.00

The resit for this module will be 100% by 3,000 word coursework.

Reading list

The reading list is available from the Library website

Last updated: 07/09/2022


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