Syllabus

Title
1187 Field Course: Money, Credit, and Finance
Instructors
ao.Univ.Prof. Dr. Guido Schäfer, HonProf. Mag.Dr. Aurel Schubert
Contact details
Type
PI
Weekly hours
3
Language of instruction
Englisch
Registration
09/17/24 to 09/22/24
Registration via LPIS
Notes to the course
Subject(s) Master Programs
Dates
Day Date Time Room
Wednesday 10/09/24 09:30 AM - 12:00 PM TC.5.16
Wednesday 10/16/24 09:30 AM - 12:00 PM D4.0.019
Wednesday 10/23/24 09:30 AM - 12:00 PM D1.1.074
Wednesday 11/06/24 10:00 AM - 12:00 PM D1.1.074
Wednesday 11/13/24 09:30 AM - 12:00 PM D4.0.019
Wednesday 11/20/24 09:30 AM - 12:00 PM D2.0.342 Teacher Training Raum
Wednesday 12/04/24 09:30 AM - 12:00 PM TC.4.12
Wednesday 12/11/24 09:30 AM - 12:00 PM TC.0.01
Wednesday 12/18/24 09:30 AM - 12:00 PM TC.3.08
Wednesday 01/08/25 09:30 AM - 12:00 PM TC.4.04
Wednesday 01/15/25 09:30 AM - 12:00 PM D4.0.019
Wednesday 01/22/25 09:30 AM - 12:00 PM D4.0.019
Wednesday 01/29/25 09:30 AM - 12:00 PM TC.3.08
Contents

This course provides an in-depth analysis of monetary policy and the financial sector at the graduate level.

  • Foundations of Monetary Policy and the Financial Sector
  • Conventional and Unconventional Monetary Policy
  • Macroprudential Policy
  • Monetary Policy in Macro Models with Financial Frictions
  • Inflation and Deflation
  • Financial Crises and Policy Reforms
  • Data and Monetary Policy Decision-Making
  • Greening Central Banking and Financial Regulation
  • Current Topics, e.g., Digital Money and Cryptocurrencies, Monetary Policy Strategy Review, Monetary Policy and Current Inflationary Shocks

Learning outcomes

The course develops students' skills in monetary and financial economics to

  • acquire a deeper understanding  of monetary policy and the financial sector from a theoretical, empirical, and policy perspective,
  • gain insights into current economic crises and the role of monetary policy and financial regulation,
  • understand the formal theoretical and empirical models underpinning modern monetary policy,
  • critically discuss current policy issues with renowned experts,
  • read and understand original research papers in economics,
  • get prepared for writing a master's thesis.
 
 

 

 

Attendance requirements

The attendance requirement is met if a student is present at least 80% of the time at class and online meetings.

Teaching/learning method(s)

The backbone of the course is a series of original scientific papers written by renowned economists on money and the financial sector. The course is planned to take place on-campus.

  • Students will work through papers assigned over the course of the semester.
  • Papers will be discussed in class, augmented by supplementary material.
  • Students write essays on home assignments related to the papers and collect points for participating in the discussions at the meetings.
  • Guest lectures on current topics in monetary policy and financial regulation by renowned policymakers or scholars will complement class discussions.
 
 

 

 

Assessment

Grading: 80% essays (each essay is is equally weighted), 20% direct participation

Readings

Please log in with your WU account to use all functionalities of read!t. For off-campus access to our licensed electronic resources, remember to activate your VPN connection connection. In case you encounter any technical problems or have questions regarding read!t, please feel free to contact the library at readinglists@wu.ac.at.

Recommended previous knowledge and skills

Graduate level microeconomics, macroeconomics, and econometrics

Availability of lecturer(s)

office hours: by appointment (please register via e-mail to guido.schaefer@wu.ac.at)

Additional (blank) field

Students taking the accompanying Research and Policy Seminar should also take this course.

Last edited: 2024-05-08



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