114-0903/01 – Monetary Theory (MT)

Gurantor departmentDepartment of EconomicsCredits10
Subject guarantorprof. Ing. Lumír Kulhánek, CSc.Subject version guarantorprof. Ing. Lumír Kulhánek, CSc.
Study levelpostgraduateRequirementChoice-compulsory
YearSemesterwinter + summer
Study languageCzech
Year of introduction2006/2007Year of cancellation2012/2013
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
JUR20 prof. Ing. Václav Jurečka, CSc.
KUL20 prof. Ing. Lumír Kulhánek, CSc.
POL01 prof. RNDr. PhDr. Stanislav Polouček, CSc.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Credit and Examination 45+0
Combined Credit and Examination 45+0

Subject aims expressed by acquired skills and competences

- An overview approach to the theory of money - An overview of the different macroeconomic and microeconomic approaches to the demand for money, - Knowledge on monetary theory and strategy monterání policy - Knowledge of the problem of inflation forecasting and modeling, inflation targeting - Knowledge on the optimum currency area and the theory of monetary integration. --

Teaching methods

Lectures
Individual consultations

Summary

Overview of approaches to the monetary theory and their comparison. Assumptions and methodological analyses of the monetary processes. Contemporary empirical methods of analysing in the monetary theory. Quantitative theory of money before and after Keynes. Theory of liquidity preference and its further evolution. Neutrality and super-neutrality of money. Money demand and the theory of money demands. Macroeconomic and microeconomic approaches to the demands for money.

Compulsory literature:

Bernanke, B. S., Woodford, M. (Eds.): The Inflation-Targeting Debate. Chicago. University Of Chicago Press 2005. ISBN 0226044718. Laidler, D.: Macroeconomics in Retrospect: The Selected Essays of David Laidler. Cheltenham: Edward Elgar, 2004. 433 pp. ISBN 1-84376-384-2. Melecký, A., Melecký, M.: From inflation to exchange rate targeting: Estimating the stabilization effects for a small open economy. Economic Systems, 34 (2010), pp. 450–468; Mishkin, F. S.: The Economics of Money, Banking and Financial Markets. 10th ed. Boston: Pearson, 2013. ISBN 9780132770248. Taylor, J. B.: Monetary Policy Rules. Chicago. University of Chicago Press 2001. ISBN 0226791254. Walsh, C.E.: Monetary Theory and Policy. 3rd ed. Cambridge (MA): MIT Press, 2010. 640 pp. 978-0-262-01377-2. Woodford, M.: Interest and Prices: Foundations of a Theory of Monetary Policy. Princeton: Princeton University Press, 2003. 808 pp. ISBN: 978-0-691-01049-6.

Recommended literature:

Bernanke, B. S., Laubach, T., Mishkin, F. S., Posen, A. S.: Inflation Targeting: Lessons from the International Experience. Princeton, N. J.: Princeton University Press 2001. ISBN 0691086893. Blaug, M., Eltis, W., O'Brien, D., Skidelsky, R., Patinkin, D.: The Quantity Theory of Money: From Locke to Keynes and Friedman. Cheltenham. Edward Elgar Publishing 1995. ISBN 1858981778. Friedman, M.: Studies in the Quantity Theory of Money (Textbook Binding). Chicago. University of Chicago Press 2000. ISBN 0226264041. Laidler, D. E. W.: The Demand for Money: Theories, Evidence, and Problems. 4th Ed. New York. Harper & Row 1997. ISBN 0065010981. Svensson, L. E. O., Woodford, M.: Implementing Optimal Policy through Inflation-Forecast Targeting. (NBER Working Paper 9747). Cambridge, MA: National Bureau of Economic Research 2003. (http://papers.nber.org/papers/w9747.pdf)

Way of continuous check of knowledge in the course of semester

E-learning

Další požadavky na studenta

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Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

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Conditions for subject completion

Full-time form (validity from: 1960/1961 Summer semester, validity until: 2012/2013 Summer semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of points
Exercises evaluation and Examination Credit and Examination 100 (145) 51
        Examination Examination 100  0
        Exercises evaluation Credit 45  0
Mandatory attendence parzicipation:

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Occurrence in study plans

Academic yearProgrammeField of studySpec.FormStudy language Tut. centreYearWSType of duty
2012/2013 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2012/2013 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2012/2013 (P6202) Economic Policy and Administration (6202V010) Finance P Czech Ostrava Choice-compulsory study plan
2012/2013 (P6202) Economic Policy and Administration (6202V010) Finance K Czech Ostrava Choice-compulsory study plan
2011/2012 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2011/2012 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2011/2012 (P6202) Economic Policy and Administration (6202V010) Finance P Czech Ostrava Choice-compulsory study plan
2010/2011 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2010/2011 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2010/2011 (P6202) Economic Policy and Administration (6202V010) Finance P Czech Ostrava Choice-compulsory study plan
2009/2010 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2009/2010 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2008/2009 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2008/2009 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2007/2008 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan
2007/2008 (P6201) Economic Theory (6201V004) Economics P Czech Ostrava Choice-compulsory study plan
2006/2007 (P6201) Economic Theory (6201V004) Economics K Czech Ostrava Choice-compulsory study plan

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