156-0524/01 – 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 | Requirement | Compulsory |
Year | 1 | Semester | winter |
| | Study language | English |
Year of introduction | 2017/2018 | Year of cancellation | 2020/2021 |
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 explain role of the money in economy,
- to define central bank and to describe its functions, goals and tools,
- to understand inflation targeting
- to explain role of CNB and ECB.
Teaching methods
Lectures
Tutorials
Project work
Summary
The subject deals with key areas of contemporary monetary theory and policy. It compares theories of money demand and money supply, including their implications for different monetary policy regimes. It clarifies approaches to the issue of the impact of money and monetary processes on expectations of economic subjects, price level, inflation, product and other macroeconomic variables. It analyses the monetary policy process, its objectives, tools and transmission mechanisms. Also, it provides an overview of monetary policy developments in the Czech Republic and the world, with an emphasis on current trends.
Compulsory literature:
Recommended literature:
Way of continuous check of knowledge in the course of semester
Five projects, discussion in seminars, credit evaluation.
E-learning
Other requirements
xxxxxxxxxxxxxxxxxxxxxxxxxxxxx
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
Occurrence in study plans
Occurrence in special blocks
Assessment of instruction
Předmět neobsahuje žádné hodnocení.