156-0324/03 – Monetary Policy (MP)
| Gurantor department | Department of Applied Economics | Credits | 4 |
| Subject guarantor | prof. Ing. Lumír Kulhánek, CSc. | Subject version guarantor | prof. Ing. Lumír Kulhánek, CSc. |
| Study level | undergraduate or graduate | | |
| | Study language | Czech |
| Year of introduction | 2011/2012 | Year of cancellation | 2020/2021 |
| Intended for the faculties | EKF | Intended for study types | Follow-up Master, Bachelor |
Subject aims expressed by acquired skills and competences
The student wil be able:
- to interpret/answer all questions related to monetary policy, its theoretical basis and practical implementation;
- to characterise monetary policy objectives and instruments and explain its functioning, describe principles and types of transmission mechanisms;
- to differentiate between monetary policy implementation in various transmission mechanisms;
- to explain the monetary policy decision process of central bankers;
- to make conclusions concerning the practical implementation of monetary policy and its impact on the economy (and other macroeconomic policies);
- to defend or criticize basic steps of monetary policy realized in the Czech Republic.
Teaching methods
Lectures
Tutorials
Project work
Summary
TThe course is focused on the role of money in the economy, on the monetary policy and the role of central banks. The content of the course is focused on the history of banking institutions and money, theory of money demand and supply and the theory of interest rate, on the implementation of monetary policy and its role in the system of macroeconomic policies. Students are also informed about the current implementation of monetary policy and central banking, the regulation and supervision of the banking system and its current state in the Czech Republic and abroad including the capital requirements directives Basel.
Compulsory literature:
Recommended literature:
Additional study materials
Way of continuous check of knowledge in the course of semester
E-learning
Other requirements
A student must write several projects and to discuss the results during seminars. The task is defined in the LMS Moodle (individually for earch seminar). The finished project must be uploaded in the LMS Moodle till Sunday (before each seminar).
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. The history of banking institutions and the role of a central bank.
2. Money, functions of money, monetary aggregates.
3. Electronic money.
4. Financial system, financial markets, financial intermediation.
5. Money demand.
6. Money supply.
7. Interest rate theory.
8. Central banking.
9. Monetary policy tools.
10. Monetary policy goals, transmission mechanisms.
11. Inflation targeting.
12. Regulation and supervision of the banking system.
13. Capital requirements, Basel I, II and III.
14. Conclusions.
Conditions for subject completion
Conditions for completion are defined only for particular subject version and form of study
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction