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as of 10/5/2022

Country - Partner Institution - Programs: United Kingdom - England - London School of Economics - 'London School of Economics'
UC Course SubjectEconomics
Number & Suffix: 157 Y
Transcript Title: MONETARY ECON 
UC QTR Units - Division: 12.0 - Upper Division 
Course Description: The course provides an introduction to monetary theory, to the effects of monetary variables on the macroeconomic system, the role of the central bank, and the conduct of monetary policy. Topics include the nature and function of money; asset prices and the term structure of interest rates; classical monetary theory, neutrality, and inflation; interest-rate feedback rules; the interaction between monetary and fiscal policy; theories of the demand for money; the market for reserves; financial markets and financial intermediaries; the transmission mechanism of monetary policy and theories of the Phillips curve; the optimal rate of inflation and optimal stabilization policy; the positive theory of inflation and the case for central bank independence; policymaking in an uncertain environment; the role of banks in the transmission mechanism and the case for bank regulation; financial crises and the role of the central bank as a lender of last resort; and the 2007-2008 financial crisis and unconventional monetary policies. 
Language of Instruction: English
Partner University Department: Economics 
Partner University Course Number: EC321