156-9513/02 – Monetary policy and external relations (MPVV)

Gurantor departmentDepartment of Applied EconomicsCredits10
Subject guarantorprof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.Subject version guarantorprof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.
Study levelpostgraduateRequirementCompulsory
YearSemesterwinter + summer
Study languageEnglish
Year of introduction2019/2020Year of cancellation2020/2021
Intended for the facultiesEKFIntended for study typesDoctoral
Instruction secured by
LoginNameTuitorTeacher giving lectures
FOJ28 prof. Ing. Lenka Fojtíková, Ph.D.
KOM07 prof. Ing. Luboš Komárek, Ph.D. MBA M.Sc.
KUL20 prof. Ing. Lumír Kulhánek, CSc.
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:

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.

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

Zkouška: písemná práce a ústní zkouška.

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: 2019/2020 Winter semester, validity until: 2020/2021 Summer 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
2020/2021 (P0412D050004) Finance P English Ostrava Compulsory study plan
2020/2021 (P0412D050004) Finance K English Ostrava Compulsory study plan
2019/2020 (P0412D050004) Finance P English Ostrava Compulsory study plan
2019/2020 (P0412D050004) Finance K English Ostrava Compulsory study plan

Occurrence in special blocks

Block nameAcademic yearForm of studyStudy language YearWSType of blockBlock owner

Assessment of instruction

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