Monetary Theory and Policy (L1040)

15 credits, Level 6

Autumn teaching

The module begins with Keynes's reformulation of monetary theory and the application of Keynes's ideas to economic depressions.

The bulk of the module deals with monetary policy in practice, and considers:

  • the role of medium-term macroeconomic targets in policymaking
  • how policy should respond to new information in the short-term
  • money demand
  • the money supply process; and
  • how financial market imperfections should affect policymaking.

The last part of the module deals with banks, financial crises and financial regulation.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We鈥檙e planning to run these modules in the academic year 2026/27. However, there may be changes to these modules in response to feedback, staff availability, student demand or updates to our curriculum.

We鈥檒l make sure to let you know of any material changes to modules at the earliest opportunity.

Courses

This module is offered on the following courses: