114-0916/01 – Monetary policy and external relations (MPVV)

Gurantor departmentDepartment of EconomicsCredits10
Subject guarantordoc. Ing. Zuzana Kučerová, Ph.D.Subject version guarantordoc. Ing. Zuzana Kučerová, Ph.D.
Study levelpostgraduateRequirementChoice-compulsory type B
YearSemesterwinter + summer
Study languageCzech
Year of introduction2020/2021Year of cancellation
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
KUC20 doc. Ing. Zuzana Kučerová, Ph.D.
Extent of instruction for forms of study
Form of studyWay of compl.Extent
Full-time Examination 28+0
Part-time Examination 28+0

Subject aims expressed by acquired skills and competences

Aim of the course is to deepen knowledge about traditional both contemporary approaches to monetary theory and implications for monetary theory. The course is focused also on the comparison of monetary policy strategies, both conventional and unconventional forms of monetary policy. The subject deals also with knowledge about contemporary international economic relati

Teaching methods

Lectures
Individual consultations

Summary

1. Comparison of theoretical approaches to monetary theory. 2. Empirical evidence on money, process, and output. 3. Money and public finance. 4. Discretionary policy and time inconsistency. 5. New Keynesian monetary economics. 6. Unconventional forms of monetary policy. 7. Monetary policy in open economy. 8. International economic relations and international finance.

Compulsory literature:

MAHADEVA Lavan and Gabriel STERNE. Monetary Policy Framework in a Global Context. London: Routledge, 2000. 688 s. ISBN: 0-415-22618-X. PEARCE, Robert. The Development of International Business. Cheltenham: Edward Elgar Publishing, 2017. 168 s. ISBN: 978 1 78643 997 0. WALSH, Carl E. Monetary Theory and Policy. 4th Ed. Cambridge: MIT Press, 2017. 661 s. ISBN: 978-0-262-03581-1.

Recommended literature:

BERNANKE, Ben S. and Michael WOODFORD (Eds.) The Inflation-Targeting Debate. Chicago: University of Chicago Press, 2005. 458 s. ISBN: 0-226-04471-8. CLAASSEN, Emil-Maria. Global Monetary Economics. Oxford University Press, 1996. 323 s. ISBN: 0-19-877464-8. O'BRIEN, Denis P. The Development of Monetary Economics: A Modern Perspective on Monetary Controversies. Cheltenham: Edward Elgar Publishing, 2007. 265 s. ISBN: 978-1-84720-260-4.

Way of continuous check of knowledge in the course of semester

E-learning

Other requirements

Studenti v kombinované formě studia se mohou zúčastnit přednášek společně se studenty prezenční formy studia a dále využívají hromadné nebo individuální konzultace domluvené prostřednictvím e-mailu, aplikace Learning Management System (LMS) nebo MS Teams.

Prerequisities

Subject has no prerequisities.

Co-requisities

Subject has no co-requisities.

Subject syllabus:

1. Comparison of theoretical approaches to monetary theory. 2. Empirical evidence on money, process, and output. 3. Money and public finance. 4. Discretionary policy and time inconsistency. 5. New Keynesian monetary economics. 6. Unconventional forms of monetary policy. 7. Monetary policy in open economy. 8. International economic relations and international finance.

Conditions for subject completion

Full-time form (validity from: 2020/2021 Winter semester)
Task nameType of taskMax. number of points
(act. for subtasks)
Min. number of pointsMax. počet pokusů
Examination Examination   3
Mandatory attendence participation:

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Conditions for subject completion and attendance at the exercises within ISP:

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Occurrence in study plans

Academic yearProgrammeBranch/spec.Spec.ZaměřeníFormStudy language Tut. centreYearWSType of duty
2024/2025 (P0311D050003) Economics P Czech Ostrava Choice-compulsory type B study plan
2024/2025 (P0311D050003) Economics K Czech Ostrava Choice-compulsory type B study plan
2024/2025 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2024/2025 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan
2023/2024 (P0311D050003) Economics P Czech Ostrava Choice-compulsory type B study plan
2023/2024 (P0311D050003) Economics K Czech Ostrava Choice-compulsory type B study plan
2023/2024 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan
2023/2024 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2022/2023 (P0311D050003) Economics P Czech Ostrava Choice-compulsory type B study plan
2022/2023 (P0311D050003) Economics K Czech Ostrava Choice-compulsory type B study plan
2022/2023 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan
2022/2023 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan
2021/2022 (P0311D050003) Economics K Czech Ostrava Choice-compulsory type B study plan
2021/2022 (P0311D050003) Economics P Czech Ostrava Choice-compulsory type B study plan
2021/2022 (P0412D050003) Finance K Czech Ostrava Choice-compulsory type B study plan
2021/2022 (P0412D050003) Finance P Czech Ostrava Choice-compulsory type B study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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