Monetary Theory and Policy (7th semester for the academic year 2024-25)

Course Description

This course presents the basic tools for analyzing macroeconomic fluctuations with an emphasis on monetary theory and applies them to contemporary issues of economic policy. The main objective of the course is to equip students with the basic theoretical and applied tools in monetary theory and policy to understand the ‘real-world’ policy making issues faced by policymakers and applied economists in Central Banks (e.g., ECB, Bank of Greece, FED) and international research and policy institutions (e.g., IMF, OECD, European Commission). By the end of this course students should be able to analyze using a systematic framework modern and historical issues of economic policy, e.g., stabilization policies in normal and abnormal times (e.g., Global Financial Crisis, Pandemic), conventional and unconventional monetary policy, monetary and fiscal policy interactions, and fiscal sustainability issues.

Indicative Course Prerequisites: Macroeconomic Theory I and II, International Economics and Mathematics