Unit Code: ECN804

Unit Name: Advanced Monetary Economics

Description: This course represents a comprehensive presentation of monetary economics. It integrates the presentation of monetary theory with its legacy, its empirical formulations and their econometric tests. It focuses on the effectiveness of monetary policy and the contending schools in monetary theory and policy. It discuss the theoretical issues relating to exchange rate behaviour and management; balance of payment; capital mobility; purchasing power and international prices; role of international institutions (IMF and The World Bank) and global economy; monetary policy effectiveness in open economies and monetary growth theories. It is expected that at the end of the course the students would be able to derive theoretical implication of monetary economics through discussion of the theories simplification and modification made in the process of econometric testing, and the empirical results from various empirical studies.

Learning Target Outcomes:

Prerequisite: ECN601

Prerequisite Sentence: or consent from HOD.

Credit Point: 20

Offered In: Semester 2