Universität Wien
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040196 KU Money and Banking (MA) (2025S)

4.00 ECTS (2.00 SWS), SPL 4 - Wirtschaftswissenschaften
Continuous assessment of course work
MIXED
Tu 04.03. 13:15-14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß

Details

max. 200 participants
Language: English

Lecturers

    Classes (iCal) - next class is marked with N

    • Tuesday 11.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 18.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 25.03. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 01.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 08.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 29.04. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 06.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 13.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 20.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 27.05. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 03.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 10.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 17.06. 13:15 - 14:45 Hörsaal 4 Oskar-Morgenstern-Platz 1 Erdgeschoß
    • Tuesday 24.06. 13:15 - 14:45 Hörsaal 6 Oskar-Morgenstern-Platz 1 1.Stock
    • Wednesday 25.06. 15:00 - 16:30 Hörsaal 1 Oskar-Morgenstern-Platz 1 Erdgeschoß

    Information

    Aims, contents and method of the course

    Aims: Students become familiar with the basic terminology and selected models related to monetary theory, banking, and monetary policy analysis.
    Contents: Money and other assets; the monetary-financial architecture; Bitcoin; money as a medium of exchange; interest rates and related concepts; money demand; money supply; asymmetric information; bank runs and insolvency; monetary policy; monetary transmission mechanisms; monetary policy implementation; dynamic inconsistency and the inflation bias.
    Methods: The course material is explained in a presentation by the lecturer. Homework exercises will be provided so that students can practise.

    Assessment and permitted materials

    There will be a mid term exam and a final exam, each one counting for 45%. One of the homework exercises will be graded and contributes 10% to the final grade.

    Minimum requirements and assessment criteria

    Passing the course requires that half of all possible points from the two exams and the homework exercises are achieved.

    Examination topics

    Material presented during the lectures plus some selected and specially announced readings.

    Reading list

    Backus and Driffill (1985): “Inflation and reputation”, American Economic Review 75 (1985), 530-538.
    Carlin and Soskice (2006): Macroeconomics: Imperfections, Institutions & Policies, Oxford University Press (2006).
    Carlin and Soskice (2015): Macroeconomics: Institutions, Instability, and the Financial System, Oxford University Press (2015).
    Diamond and Dybvig (1983): "Bank runs, deposit insurance, and liquidity", Journal of Political Economy 91 (1983), 401–419.
    Kiyotaki and Wright (1993): “A search-theoretic approach to monetary economics”, American Economic Review 83 (1993), 63-77.
    Mishkin (2016): The Economics of Money, Banking, and Financial Markets, 11th ed. (2016)
    McLeay, Radia, and Thomas (2014a): “Money in the modern economy: an introduction”, Bank of England Quarterly Bulletin 2014 Q1.
    McLeay, Radia, and Thomas (2014b): “Money creation in the modern economy”, Bank of England Quarterly Bulletin 2014 Q1.
    Nakamoto, Satoshi (2008): "Bitcoin: A Peer-to-Peer Electronic Cash System", White Paper, https://bitcoin.org/bitcoin.pdf

    Association in the course directory

    Last modified: We 15.01.2025 13:05