Browse Hierarchy ECOM210: Economics of Central Banking

The module introduces students to monetary and macroprudential policies. Emphasis is placed on the key economic principles underlying these policies, rather than institutional details, which may change over time in response to new challenges. The module uses a simple common framework that places little technical burden on students, without compromising on the main insights. The topics cover the role of money and monetary exchange, inflation and inflation expectations, the real effects of monetary policy, including the role of mortgage and housing markets, liquidity, payments systems, and financial crisis, and ,finally, monetary policy and asset pricing. These topics broadly span a number of the main functions of the monetary and financial stability directorates of central banks.