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| Semester | fall semester 2023 |
| Course frequency | Every fall 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). |
| 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 |
| Date | Time | Room |
|---|---|---|
| Monday 18.09.2023 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Auditorium |
| Monday 25.09.2023 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 02.10.2023 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 09.10.2023 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S14 HG.32 |
| Monday 16.10.2023 | 16.15-20.00 | Wirtschaftswissenschaftliche Fakultät, Seminarraum S15 HG.31 |
| Monday 23.10.2023 | 16.15-20.00 | 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: 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) Module: Specific Electives in Monetary Economics and Financial Markets (Master's Studies: Business and Economics) |
| Assessment format | main lecture exam |
| Assessment details | Written exam: 30.10.23; 16:15-17:45. WWZ Auditorium: A-L; WWZ S15: M-Z. Repeat exam: 01.02.24; 10:15-11:45. You will receive the rooms for the repeat exam by mail. 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. The lecture 'Monetary Theory' can be taken without taking 'Advanced Monetary Theory'. However, only students that have taken the lecture 'Monetary Theory' can attend 'Advanced Monetary Theory'. 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 |