Turn: each winter term

Semester: 5./6.

Module number: VWL 12

Workload (h): 180

Credits: 6 ECTS

Module Structure:

Nr.

Type

Course

Credits

Presence
 

Self-study (h)

1.

Lecture

Monetary Policy

6

30 h

135 h

2.

Tutorial

Monetary Policy

15 h

Module description:

The module includes the lecture and accompanying tutorial on Monetary Policy. The lecture deals comprehensively with the practical and to a lesser extent with the theoretical aspects of monetary policy of central banks. In particular, the (i) institutional aspects of the European Monetary Union, (ii) monetary policy strategies and their implementation, (iii) monetary policy instruments and money market and (iv) monetary transmission channels of monetary policy are considered. The corresponding concepts are mainly used due to the practical monetary policy of the European Central Bank (ECB). The lecture will be complemented by tutorial sessions in which the contents of the lectures will be deepened. There will be a written exam (120 min.) at the end of the term.

Prerequisites:

Introductore courses in Micro- and Macroeconomics (1st and 2nd semster).