156-0435/01 – Monetary Policy of Open Economy (MPOE)
Gurantor department | Department of Applied Economics | Credits | 4 |
Subject guarantor | doc. Ing. Zuzana Kučerová, Ph.D. | Subject version guarantor | doc. Ing. Zuzana Kučerová, Ph.D. |
Study level | undergraduate or graduate | Requirement | Compulsory |
Year | 1 | Semester | summer |
| | Study language | Czech |
Year of introduction | 2007/2008 | Year of cancellation | 2011/2012 |
Intended for the faculties | EKF | Intended for study types | Follow-up Master |
Subject aims expressed by acquired skills and competences
Student will be able:
- to interpret/answer all questions related to monetary policy realized in the open economy, its theoretical basis and practical implementation;
- to explain bilateral linkages between GDP, exchange rate, inflation rate, money market interest rate etc.;
- to characterize particular exchange rate regimes;
- to critically assess the European process of monetary integration;
- to make conclusions concerning practical monetary policy implementation in the open economy and its impact on the economy (and other macroeconomic policies).
Teaching methods
Lectures
Tutorials
Project work
Summary
The course is a continuation of preceding the course "Monetary Policy". The contents will be focused on particular on the problems of monetary policy in an open economy.
Compulsory literature:
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Recommended literature:
Way of continuous check of knowledge in the course of semester
Five written project and discussion in seminars, evaluation in the form of credits.
E-learning
Other requirements
Lectures and seminars are compulsory.
Prerequisities
Subject has no prerequisities.
Co-requisities
Subject has no co-requisities.
Subject syllabus:
1. Introduction.
2. Exchange rate regimes, fixed and floating regimes.
3. Currency board.
4. Dollarization.
5. Exchange rate theory, interest rate parity.
6. Output and exchange rate in the short run, DD-AA model.
7. DD-AA model and fixed exchange rate regime, interventions.
8. Law of one price, purchasing power theory, Balassa-Samuelson model.
9. International monetary system, Bretton-Woods system.
10. European monetary integration.
11. Optimum currency area theory - traditional version.
12. Optimum currency area theory - modern version.
Conditions for subject completion
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
Předmět neobsahuje žádné hodnocení.