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| Semester | spring semester 2021 |
| Course frequency | Every spring sem. |
| Lecturers | Florian Madison (florian.madison@unibas.ch, Assessor) |
| Content | In this lecture, we will study the roles of money and alternative means of payment in modern economies. We will be looking at the kind of frictions that make money essential and beneficial. On this basis, we will discuss various micro- and macroeconomic aspects of monetary theory and policy. |
| Learning objectives | Study the microfoundations of monetary theory. |
| 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). Next to the book, we will discuss research papers at the frontier of monetary economics. Students are expected to acquire the book. Relevant papers will be uploaded to the website. |
| Weblink | Weblink |
| Admission requirements | Prerequisites: Completed BA in Business und Economics. |
| Course application | Registration: Please enroll in MOnA. EUCOR-Students and students of other Swiss Universities have to enroll at the students administration office (studseksupport1@unibas.ch) within the official enrolment period. Enrolment = Registration for the exam! |
| Language of instruction | English |
| Use of digital media | Online course |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Tuesday | 16.30-20.00 | - Online Präsenz - |
| Comments | The course will be taught online at the dates you can see below: |
| Date | Time | Room |
|---|---|---|
| Wednesday 03.03.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Wednesday 10.03.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Wednesday 17.03.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 23.03.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 30.03.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 06.04.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 13.04.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 20.04.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 27.04.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 04.05.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 11.05.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 18.05.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 25.05.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Tuesday 01.06.2021 | 16.30-20.00 | - Online Präsenz -, -- |
| Modules |
Core Module: Core Areas in Monetary Economics (Master's Studies: International and Monetary Economics) Specialization Module: Monetary Economics and Financial Markets (Master's Studies: 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. The final grade is a weighted average of the exam and the presentation. Participation in the seminar is mandatory. written exam: 11.5.21; 16:15; electronic exam. |
| 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 |