Monetary Theory and Practice

As Taught Spring Semester 2011



Professor P Mizen, School of Economics, University of Nottingham

Module Title: Monetary Theory and Practice

Module Code: L14019

Total Credits: 15

Level of Study: Post Graduate

Offering School: School of Economics

Frequency of Class: 1 x 2 hour lecture per week

Prerequisites: L14002 Macroeconomic Theory, L14008 Macroeconomic Analysis

Targeted Students: MSc students in Economics

The content presented here provides information for prospective students on module L14019 – ‘Monetary Theory and Practice’, offered by the School of Economics, University of Nottingham. The module convenor is Professor P Mizen.

This module covers monetary aspects of advanced macroeconomics and is suitable for students of mainstream economics, finance and international economics. It focuses on the theory and practice of central banking, monetary policy and control. It covers concepts such as time inconsistency, the problem of inflation bias with solutions, credibility, transparency and accountability of monetary institutions. Inflation targeting and price stability, the choice of instruments for monetary policy and their control, and finally monetary transmission. It combines some theory with evidence and practice. Students that take this module typically aim to work in central banks, financial instutitions or government