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| Semester | spring semester 2022 |
| Course frequency | Every spring sem. |
| Lecturers | Aleksander Berentsen (aleksander.berentsen@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 | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| wöchentlich | Wednesday | 08.30-12.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Modules |
Core Module: Core Areas in Monetary Economics (Master's Studies: International and Monetary Economics) Module: Core Courses in Monetary Economics and Financial Markets (Master's Studies: Business and Economics) Module: Field Electives in Economics and Public Policy (Master's Studies: Economics and Public Policy) Module: Specific Electives in Monetary Economics and Financial Markets (Master's Studies: Business and Economics) Specialization Module: Monetary Economics and Financial Markets (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) |
| Assessment format | record of achievement |
| 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: 11.05.22. |
| Assessment registration/deregistration | Reg.: course registration, dereg: cancel 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 |