Monetary and Financial Economics (Field 3)

EE432 Monetary Theory and Policy

3 (3-0-6)

Prerequisites: EE312

The role of money in the economy; studying monetary policy’s goals, tools, policy implementations, Transmission mechanisms of Monetary policy; Monetary policy and business cycles; monetary policy framework, exchange rate targeting and inflation targeting; The role of the Central Bank; The interaction between monetary and fiscal policies; The role of monetary policy in the open economy.