All programmes > Economics of Money and Finance

Economics of Money and Finance (B-KUL-D0M29B)

6 ECTSEnglish26 Second term
De Graeve Ferre
OC Economische wetenschappen FEB Campus Leuven

Aims

This course discusses several monetary and financial topics.

Upon completion of this course, the student is able to:

  • Understand how macro, financial and macro-financial policy affect the economy
  • Understand why financial crises occur, and what policy can do about them
  • Recognize why policymakers may be constrained in achieving desirable outcomes
  • Explain why policymakers may promise one thing and do another, and how to prevent it
  • Interpret empirical results on these topics

Previous knowledge

  • At the beginning of this course, students should have knowledge of intermediate macroeconomics, optimization and introductory econometrics/statistics.

Is included in these courses of study

Activities

6 ects. Economics of Money and Finance (B-KUL-D0M29a)

6 ECTSEnglishFormat: Lecture26 Second term
De Graeve Ferre
OC Economische wetenschappen FEB Campus Leuven

Content

This course aims at the initial graduate (masters) level.

This course discusses several important (often Nobel-prize winning) insights into economic policy making. The applications discussed are most often macroeconomic and/or financial in nature.

The exact topics can change from one year to the next depending on recent economic events, particular student interests, etc. An indicative list of topics:

  • Financial crises: bank runs and systemic risk
  • Policy maker biases and temptations (time-inconsistency, rules vs. discretion)
  • Links between monetary policy and fiscal policy
  • Links between monetary policy and financial policy
  • Channels of monetary policy transmission to the real economy and financial markets
  • Financial constraints, credit rationing (backward-bending supply)
  • …

Lectures combine theoretical analytical insights, empirical studies and policy discussions.

Course material

Used Course material
*The course actively uses journal articles.

Toledo
* Toledo is being used for this learning activity.
 

Format: more information

This course takes the form of a series of lectures, mostly topical. Some topics may extend over several lecture sessions. Equally possible is that the student is expected to read further through some of the material.
 

Evaluation

Evaluation: Economics of Money and Finance (B-KUL-D2M29b)

Type : Exam during the examination period
Description of evaluation : Written
Type of questions : Multiple choice, Open questions
Learning material : None

Explanation


Features of the evaluation

*The evaluation consists of a written, closed book exam with open questions and/or multiple choice questions with correction for guessing. 

Determination of final grades

*The grades are determined by the lecturer as communicated via Toledo and stated in the examination schedule. The result is calculated and communicated as a whole number on a scale of 20.
*The grading of multiple choice questions involves correction for guessing.

Second examination opportunity

* The features of the evaluation and determination of grades are similar to those of the first examination opportunity, as described above.