general background,
special background, specialised general knowledge, skills development

Consult Appendix A

·     Description of the level of learning outcomes for each qualifications cycle, according to the Qualifications Framework of the European Higher Education Area

·     Descriptors for Levels 6, 7 & 8 of the European Qualifications Framework for Lifelong Learning and Appendix B

·     Guidelines for writing Learning Outcomes

On successful completion of the course, students will be able to:

·         Understand the sources of money and money substitutes

·         Demonstrate a systematic understanding of monetary policy theory;

·         Critically evaluate the dilemmas and constraints facing monetary policy makers;

·         Describe and explain the main channels of the monetary transmission mechanism, through which monetary policy can have real effects on the economy;

·         Have a comprehensive understanding of the role of financial intermediaries in macroeconomics.

Adapting to new situations

Decision-making

Working independently

Team work

Working in an international environment

Working in an interdisciplinary environment

Production of new research ideas

Respect for difference and multiculturalism

Respect for the natural environment

Showing social, professional and ethical responsibility and sensitivity to gender issues

Criticism and self-criticism

Production of free, creative and inductive thinking

……

Others…

…….

Decision-making

Working independently

Criticism and self-criticism

Production of free, creative and inductive thinking

The course discusses the conduct of monetary policy, its goals and targets, and the tools available to the monetary policymaker. The course looks specifically into the monetary policy process and the operation of the European Central Bank and the Federal Reserve, and the regulation and supervision of the financial system. Next, we examine the different channels in the transmission mechanism of monetary policy. We also explore the use of unconventional monetary policies following the financial crisis. Finally, the course, by looking at issues in the design of optimal monetary policy institutions, investigates the time-inconsistency problem of monetary policy as well as the desirability of an independent and transparent central banker.

The manner and methods of teaching are described in detail.

Lectures, seminars, laboratory practice, fieldwork, study and analysis of bibliography, tutorials, placements, clinical practice, art workshop, interactive teaching, educational visits, project, essay writing, artistic creativity, etc.

The student’s study hours for each learning activity are given as well as the hours of non-directed study according to the principles of the ECTS

Description of the evaluation procedure

Language of evaluation, methods of evaluation, summative or conclusive, multiple choice questionnaires, short-answer questions, open-ended questions, problem solving, written work, essay/report, oral examination, public presentation, laboratory work, clinical examination of patient, art interpretation, other

Specifically-defined evaluation criteria are given, and if and where they are accessible to students.

A Writing Exam (100%) including:

– Multiple-choice questionnaires

– Short-answer questions

-problem solving

·         Mishkin, F. S. (2016). The Economics of Money, Banking, and Financial Markets. 11^th Edition. Pearson Education.

·         Cecchetti, S. G., Schoenholtz, K. L. (2015). Money, banking, and financial markets. 4^th Edition. McGraw-Hill Education.

·         Howells, P. G., & Bain, K. (2007). Financial markets and institutions. 5^th Edition. Pearson Education.

·         Walsh, C. (2010). Monetary Theory and Policy. 3rd Edition. MIT Press.