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10645-01 - Lecture: Monetary Theory (3 CP)
| Semester | fall semester 2026 |
| Course frequency | Every fall sem. |
| Lecturers | Aleksander Berentsen (aleksander.berentsen@unibas.ch, Assessor) |
| Content | This course examines the roles of money and alternative payment instruments in modern economies, with a focus on the frictions that render money essential and welfare-enhancing. Building on this foundation, it analyzes key microeconomic and macroeconomic aspects of monetary theory and policy. |
| Learning objectives | Develop a deep and structured understanding of money and financial systems. Students engage directly with frontier research, acquiring the ability to read, critically assess, and internalize advanced economic literature. |
| Bibliography | The lecture is based on the book "Money, Payments, and Liquidity" (MIT Press, 2nd edition) by Guillaume Rocheteau (University of California, Irvine) and Ed Nosal (Federal Reserve Bank of Atlanta). |
| Comments | After the lecture 'Monetary Theory', the lecture 'Advanced Monetary Theory' starts. In this second part the students will present a paper at the research frontier of monetary theory. The papers will be based on the theory that we just learned. The final grade for 'Advanced Monetary Theory' is based on the presentation. Participation when other students present is mandatory. |
| Weblink | Weblink |
| Admission requirements | Prerequisites: Completed BA in Business und Economics. |
| Course application | Registration: Please enroll in the Online Services (services.unibas.ch); Eucor-Students and mobility students of other Swiss Universities or the FHNW first have to register at the University of Basel BEFORE the start of the course and receive their login data by post (e-mail address of the University of Basel). Processing time up to a week! Detailed information can be found here: https://www.unibas.ch/de/Studium/Mobilitaet.html After successful registration you can enroll for the course in the Online Services (services.unibas.ch). Applies to everyone: Enrolment = Registration for the course and the exam! |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Monday | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
Dates
| Date | Time | Room |
|---|---|---|
| Monday 14.09.2026 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Monday 21.09.2026 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Monday 28.09.2026 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Monday 05.10.2026 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Monday 12.10.2026 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Monday 19.10.2026 | 18.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Modules |
Core Module: Core Areas in Monetary Economics (Master's Studies: International and Monetary Economics) Module: Fundamentals in Finance and Money (Master's Studies: Finance and Money) Module: Specific Electives in Business and Economics (Master's Studies: Business and Economics) Module: Specific Electives in Economics (Master's Studies: Business and Economics) |
| Assessment format | exam |
| Assessment details | Written or oral exam. Written or oral repeat exam: IMPORTANT: For courses with a main lecture exam, a repeat exam is offered in addition to the regular examination date.This repeat examination can only be taken if the student has taken part in and failed the regular examination (grade < 4.0) see English translation of the study guide of our master programs by December 13, 2021: Paragraph 4.13.4.1. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel course registration |
| Repeat examination | one repetition, best attempt counts |
| Scale | 1-6 0,1 |
| Repeated registration | one repetition |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |