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Course Description
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Course Name
Monetary and Financial Economics
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Host University
Universidad Carlos III de Madrid
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Location
Madrid, Spain
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Area of Study
Accounting, Business Administration, Calculus, Economics, Finance, Management, Mathematics
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Language Level
Taught In English
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Prerequisites
Basic knowledge of macroeconomics and calculus is recommended
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Course Level Recommendations
Upper
ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.
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ECTS Credits
6 -
Recommended U.S. Semester Credits3
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Recommended U.S. Quarter Units4
Hours & Credits
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Overview
COMPETENCES AND SKILLS THAT WILL BE ACQUIRED AND LEARNING RESULTS. The aim of this course is to introduce the student to the basic concepts and models of monetary and financial economics. The student will learn about the following issues.
1. The role of money and other financial assets in the economy
2. The determinants of money demand and supply
3. The functioning of the money and financial markets
4. The role of banks and financial intermediaries
5. The effects of inflation
6. The working of the foreign exchange market
7. The role of monetary policy
8. Understand the role of budget constraintsDESCRIPTION OF CONTENTS: PROGRAMME
The course uses the Overlapping Generations framework as a workhorse to address the issues mentioned above. If time permits we will also review other standard models of money.LEARNING ACTIVITIES AND METHODOLOGY
The course will be equally divided into theory lectures and practical sessions where exercises will be discussed.ASSESSMENT SYSTEM
The students will be asked to hand in four assignments during the course. Each homework will be worth 10% of the final grade. Half way through the course, there will be a midterm worth 20% of the final grade. The final exam, to be held at the end of the course will be worth the remaining 40% of the final grade.
% end-of-term-examination: 40
% of continuous assessment (assigments, laboratory, practicals?): 60
Course Disclaimer
Please note that there are no beginning level Spanish courses offered in this program.
Courses and course hours of instruction are subject to change.
Eligibility for courses may be subject to a placement exam and/or pre-requisites.
Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.
ECTS (European Credit Transfer and Accumulation System) credits are converted to semester credits/quarter units differently among U.S. universities. Students should confirm the conversion scale used at their home university when determining credit transfer.
Please reference fall and spring course lists as not all courses are taught during both semesters.
Availability of courses is based on enrollment numbers. All students should seek pre-approval for alternate courses in the event of last minute class cancellations
Please note that some courses with locals have recommended prerequisite courses. It is the student's responsibility to consult any recommended prerequisites prior to enrolling in their course.