Monetary Economics - ECON5500

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2022 to 2023
Autumn Term 6 15 (7.5) Anthony Savagar checkmark-circle


This module introduces you 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


Contact hours

Total contact hours: 14
Private study hours: 136
Total study hours: 150


This module is optional 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

Moodle Quiz, (45 minutes) (20%)
Examination, 2 hours (80%)

**Please note that the exam in May/June 2023 will be Online (24 hour window)**

Reassessment Instrument: 100% exam

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

Subject specific 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.


  1. Credit level 6. Higher level module usually taken in Stage 3 of an undergraduate degree.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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