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| Semester | spring semester 2018 |
| Course frequency | Every spring sem. |
| Lecturers | Florian Madison (florian.madison@unibas.ch, Assessor) |
| Content | Following the onset of the financial crisis, liquidity shortages caused great concern. Meanwhile, excess liquidity has become a challenge. In this lecture, we will be asking what function liquidity fulfills in a modern economy. We will be looking at the kind of frictions that make money essential and consider the role of credit and financial intermediation. On this basis, we will discuss various micro- and macroeconomic aspects of monetary theory and monetary policy. |
| Learning objectives | Study the microfoundations of monetary economics. |
| Bibliography | The lecture is based on the book "Money, Payments, and Liquidity" (2nd edition) by Guillaume Rocheteau from the University of California-Irvine and Ed Nosal from the Federal Reserve Bank of Chicago (MIT-Press). Additional to that, we will discuss individual research papers at the frontier of monetary economics. It is expected that the students acquire the book. Relevant papers will be uploaded to the website. |
| Comments | Blockcourse: 12.-16. February 2018 Presentations : 13.-14. April 2018 exam: March/ April 2018 |
| Weblink | Weblink |
| Admission requirements | Prerequisites: Completed BA in Business und Economics. |
| Course application | Applications for this course have to be sent by email to florian.madison@unibas.ch by 14 February 2018. As soon as you are admitted to the course, you have to enrol in MOnA. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Course auditors welcome |
| Interval | Weekday | Time | Room |
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No dates available. Please contact the lecturer.
| Modules |
Core Module: Core Areas in Monetary Economics (Master International and Monetary Economics) Specialization Module: Monetary Economics and Financial Markets (Master Business and Economics) |
| Assessment format | end-of-semester examination |
| Assessment details | Written exam and seminar presentations. In the seminar, students will present a paper at the research frontier of monetary theory/monetary economics. The final grade is a weighted average of the exam and the presentation. The participation in the entire seminar is mandatory. Exam: 15.03.18; 10:00-11:30. WWZ . |
| Assessment registration/deregistration | Registration: course registration |
| Repeat examination | no repeat examination |
| Scale | 1-6 0,1 |
| Repeated registration | as often as necessary |
| Responsible faculty | Faculty of Business and Economics , studiendekanat-wwz@unibas.ch |
| Offered by | Faculty of Business and Economics |