Monetary Economics - EC550

Location Term Level Credits (ECTS) Current Convenor 2019-20
Canterbury Autumn
View Timetable
6 15 (7.5) DR A Savagar


EC500 Microeconomics
EC502 Macroeconomics
EC580 Introduction to Econometrics
EC581 Introduction to Time Series Econometrics





This module introduces students to monetary and macroeconomic issues from a theoretical perspective. The following topics are considered:

• Structural macro and monetary modelling
• Reduced form macro and monetary modelling
• Short-run analysis of the aggregate economy
• Long-run analysis of the aggregate economy
• Policy interventions


This module appears in:

Contact hours

10 lectures
4 workshops


This module is an elective on all Single and Joint Honours degree programmes in Economics.
This module is not available to students across other degree programmes in the University.

Method of assessment

In Course Test, (45 minutes) (20%)
Examination, 2 hours (80%)

Indicative reading

Bénassy, Jean-Pascal. (2011) Macroeconomic Theory. Oxford University Press.
Jones, C. (2015) Macroeconomics (International Edition), Norton
Mishkin, F. (2016), The Economics of Money, Banking and Financial Markets (11th Global Edition), Pearson.

See the library reading list for this module (Canterbury)

Learning outcomes

By the end of the module, you will be able to:

* understand, analyse and critically evaluate monetary and macroeconomic issues.
* understand the issues involved in developing a modern, effective framework for conducting macroeconomic policy.
* synthesise and critically compare different economic analyses of a macroeconomic issue.
* distinguish between structural and reduced form modelling in macroeconomics.
* demonstrate critical understanding of the role of assumptions in macro and monetary modelling.

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