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CEA CAPA Partner Institution: Universidad Carlos III de Madrid
Location: Madrid, Spain
Primary Subject Area: Economics
Other Subject Area: Business
Instruction in: English
Course Code: 13188
Transcript Source: Partner Institution
Course Details: Level 300, 400
Recommended Semester Credits: 3
Contact Hours: 42
Prerequisites: Basic knowledge of macroeconomics and calculus is recommended
DESCRIPTION
The aim of this course is to introduce the student to the basic concepts and models of monetary and financial economics. The student will learn about the following issues. 1. The role of money and other financial assets in the economy 2. The determinants of money demand and supply 3. The functioning of the money and financial markets 4. The role of banks and financial intermediaries 5. The effects of inflation 6. The working of the foreign exchange market 7. The role of monetary policy 8. Understand the role of budget constraints The course uses the Overlapping Generations framework as a workhorse to address the issues mentioned above. If time permits we will also review other standard models of money.
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