2024

Monetary Economics

Name: Monetary Economics
Code: ECN02360L
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area: Economy

Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial

Presentation

The Monetary Economics course addresses the issues of currency definition and quantification, currency supply and demand, monetary policy, the international monetary system and theory of interest rates. Taught in portuguese.

Sustainable Development Goals

Learning Goals

Understand the mechanisms of demand and supply of money and their effects on the economy
Understand what factors can influence monetary policy and interest rates
Analyze and problematize the effects of monetary policy on families, companies and other institutions
identify and characterize the transmission channels of monetary policy.
Know how to implement the knowledge acquired in the area of ??monetary economics
Carry out/design response strategies to monetary policy measures
Boost investment activities, considering the impact of changes in interest rates and exchange rates
The aim is also to achieve learning objectives related to transversal skills, such as critical thinking, creativity, collaboration and communication

Contents

1. MONEY: HISTORY, DEFINITION AND MEASUREMENT

2. mONEY SUPPLY

3. mONEY dEMAND

4. MONETARY POLICY

5. THE INTERNATIONAL MONETARY SYSTEM

6. INTEREST RATE THEORY

Teaching Methods

In-person, expository teaching, encouraging student participation, clarifying doubts and discussing topics related to the program contents, developing critical thinking and stimulating the learning process. The presentation of the subjects is accompanied by computer resources and the preparation of a summary of the subject covered in each and an indication of the most significant bibliography, which are available on the subject's website. In addition to face-to-face work, students are encouraged to read the recommended bibliography, available in the university library, complementary texts, research works, and follow the current situation on the topics involved in classes presented in the media.

Assessment

- Final Exam Regime, or
- Continuous Assessment Regime: two assessment tests with equal weighting in the final classification
- Appeal Exam - Special Period Exam

Recommended Reading



  1. ABREU, M., FERREIRA, C., BARATA, L. e ESCÁRIA, V. (2007) Economia Monetária e Financeira, Escolar Editora. [336.74 ABR e]

  2. BANCO CENTRAL EUROPEU (2011) The monetary policy of the ECB (em português, ed. 2004), Banco Central Europeu. [www.ecb.int]

  3. BARATA, J. (2005) Moeda e Mercados Financeiros, 2ª ed., Edição do autor, ISEG. [(1998): 336.74 BAR m]

  4. BOFINGER, P. (2001) Monetary Policy: Goals, Institutions, Strategies, and Instruments, OxfordUniversity Press. [336 BOF m]

  5. BURDA, M. e WYPLOSZ, C. (2011) Macroeconomia: Uma Visão Europeia, 5/e, Verlag Dashöfer. [(1997): 330.101.541 BUR m]

  6. CECCHETTI, S. (2008) Money, Banking and Financial Markets, 2ª ed., McGraw-Hill. [(2006) 336.7 CEC m]

  7. EYLER, R. (2010) Money and Banking: an international text, Routledge. [336.76 EYL m]

  8. FALASCHETTI, D. and ORLANDO, M. (2008) Money, Financial Intermediation and Governance, Edward Elgar. [336.76 FAL m]

  9. FONSECA, J. (2010) Economia Monetária e Financeira, Imprensa da Universidade de Coimbra. [336.74 FON e]

  10. 10. HAUGEN, R. (2000) Modern Investment Theory, 5ª ed., Prentice-Hall International Editions. [(1997): 658.15 HAU]

  11. 11. HOWELLS, P. e BAIN, K. (2008) The Economics of Money, Banking and Finance: A European Text, 4th ed., Addison Wesley Longman. [(1998): 336.7 HOW m]

  12. 12. MISHKIN, F. (2009) The Economics of Money, Banking, and Financial Markets, 9ª ed., Prentice Hall. [(1994): 336.7 MIS e]

  13. 13. PAPADEMOS, L. and STARK, J. (Eds.), (2010) Enhancing Monetary Analysis, European Central Bank. [www.ecb.int]

  14. 14. SCHELLER, H. (2006) O Banco Central Europeu: História, Papel e Funções, 2ª ed., Banco Central Europeu. [www.ecb.int]


Teaching Staff

Back