Monetary Economics (SECS-P / 01) - The course aims to provide a basic knowledge to understand the role of money and the functioning of financial markets in advanced economic systems, providing also the tools for future autonomous learning by students. Particular attention is paid to the analysis of the functions and characteristics of financial intermediaries, of the most popular financial instruments and of the mechanism for forming the prices of financial assets. With reference to the Dublin descriptors, particualr attention will be devoted to developing in the students autonomy of judgment with respect to the current debate. As part of the general objectives of the degree program, the course allows students to acquire an autonomous ability to analyze and recognize the mechanisms that guide the evolution of the financial system in which companies operate, and the ability to transfer the results of personal analysis to the group of people with whom they will interact in their work.
teacher profile teaching materials
Returns on financial assets
Money and central banks:
• the functions of money
• the demand and supply of money
• monetary policy and the impact on the real economy
• the objectives of monetary policy
• monetary policy strategies
• monetary policy after the great financial crisis
• digital currencies
• monetary policy in practice
The following reference books can be useful for the introductory parts:
Mishkin, Frederic S., Monetary Policy Strategy, MIT Press 2007
Mishkin, Frederic S., The Economics of Money, Banking, and Financial Markets, 12th edition
Additional material will be provided in class
Programme
The financial systemReturns on financial assets
Money and central banks:
• the functions of money
• the demand and supply of money
• monetary policy and the impact on the real economy
• the objectives of monetary policy
• monetary policy strategies
• monetary policy after the great financial crisis
• digital currencies
• monetary policy in practice
Core Documentation
There is no all-encompassing textbook which covers the topics addressed in this moduleThe following reference books can be useful for the introductory parts:
Mishkin, Frederic S., Monetary Policy Strategy, MIT Press 2007
Mishkin, Frederic S., The Economics of Money, Banking, and Financial Markets, 12th edition
Additional material will be provided in class
Type of delivery of the course
Lectures will be in presence, according to Roma Tre University rules.Type of evaluation
The exam is written. It is possible to take an additional oral exam, to which the following students are admitted: in the same session as the written exam, all students who wish to do so; in a different session, only students who have obtained a sufficient mark in the written exam.