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| Semester | fall semester 2022 |
| Course frequency | Every fall sem. |
| Lecturers | Sébastien Kraenzlin (sebastien.kraenzlin@unibas.ch, Assessor) |
| Content | The lecture Applied Monetary Policy is a block course aimed at giving students insight into the world of monetary policy. The lecture is divided into three parts. The first part provides the definition of the most important terms in monetary policy. The second part lists the goals and concepts of a central bank and shows which instruments central banks have at their disposal to achieve their goals. Finally, the third part of the lecture discusses the measures taken by the most important central banks during the financial crisis (starting in 2007), with a focus on the Swiss National Bank (SNB). Each block will be illustrated with applied practical examples. The second part also includes some simulations with the students, in which the participants can take on the role of the central bank as well as the commercial banks. The simulations give the students a better insight into the interest rate management by the central banks as well as into the liquidity management of the banks. |
| Learning objectives | - Knowledge of the terms and concepts of monetary policy - Understanding of the necessity, functioning and problems of monetary policy - Understanding of central bank actions during the financial crisis starting in 2007 - Factual and conceptual knowledge are in the foreground |
| Bibliography | To be announced in the lecture. |
| Comments | Blockveranstaltung/Block Course |
| Weblink | Weblink |
| Admission requirements | completed BA in Economics, especially successful attendance of the courses "Introduction to Economics" and Intermediate Macroeconomics, as well as "Statistics" and Mathematics 1 and 2, recommended |
| Course application | Please register for the course and the subsequent exam via this link here (possible after August 1, 2022: https://adam.unibas.ch/goto.php?target=crs_830834_rcodeyCgA53ETHu&client_id=adam). The application deadline is August 22, 2022! Please make sure that you have registered for the fall semester and paid the semester fees before you register for this course. Your course registration can be seen in the Online Services after the registration period is over. A withdrawal from the course is possible until August 24, 2022 by E-mail to studiendekanat-wwz@unibas.ch. In case of non-participation after registration it will be noted as "nicht erschienen" in the transcript. |
| Language of instruction | English |
| Use of digital media | No specific media used |
| Interval | Weekday | Time | Room |
|---|---|---|---|
| Block | See individual dates | ||
| Date | Time | Room |
|---|---|---|
| Wednesday 24.08.2022 | 10.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Thursday 25.08.2022 | 10.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Friday 26.08.2022 | 10.15-16.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Modules |
Core Module: Core Areas in Monetary Economics (Master's Studies: International and Monetary Economics) Module: Electives (Master's Studies: Business and Economics (Start of studies before 01.08.2021)) Module: Field Electives in Finance and Money (Master's Studies: Finance and Money) Module: Finance Field: Monetary Economics and Macrofinance (Master's Studies: Finance and Money) Module: Specific Electives in Monetary Economics and Financial Markets (Master's Studies: Business and Economics) |
| Assessment format | record of achievement |
| Assessment details | Written Exam: 25.10.22; 14:15-15:45; WWZ S16: A-Z. |
| Assessment registration/deregistration | Registration/deregistration: teaching staff |
| 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 |