University of St Andrews - Scotland's first university, founded 1413

Module Catalogue

For information on which modules are specific to your programme, please see : Programme requirements index 2017-2018.

Curricular information may be subject to change.

EC5605 Monetary Policy

Academic year(s): 2017-2018

Key information

SCOTCAT credits : 20

ECTS credits : 10

Level : SCQF level 11

Semester: 2

Planned timetable: To be arranged.

This module will cover key issues in monetary policy. Topics will include: the case for price stability; time inconsistency and policy; the trade-off between inflation bias and output stabilisation; unconventional monetary policies; inflation targeting and other monetary frameworks; and the conduct of monetary policy in leading countries.

Learning and teaching methods and delivery

Weekly contact: 2 lectures, tutorial (fortnightly)

Assessment pattern

As used by St Andrews: 2-hour Written Examination = 50%, Coursework = 50%

Re-assessment: 2-hour Written Examination = 100%

Personnel

Module teaching staff: Dr K Ozhan