EC5605 Monetary Policy

Academic year

2024 to 2025 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 11

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

To be arranged.

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr J M Swarbrick

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Jonathan Swarbrick

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module will cover key issues in monetary policy. Topics will include: models of money and inflation; time inconsistency and monetary policy; the trade-off between inflation bias and output stabilisation; unconventional monetary policies; monetary policy and financial markets.

Assessment pattern

2-hour Written Examination = 50%, Coursework = 50%

Re-assessment

2-hour Written Examination = 100%

Learning and teaching methods and delivery

Weekly contact

20 hours of lectures (2 lectures x 10 weeks), 5 hours of tutorials (5 x 1hr)

Scheduled learning hours

25

The number of compulsory student:staff contact hours over the period of the module.

Intended learning outcomes

  • Gain an understanding of the last 150 years of monetary policy.
  • Gain familiarity with the theoretical frameworks used to model monetary policy.
  • Gain understanding of the key issues facing monetary policy makers.