E7340 Monetary theory

Faculty of Science
Autumn 2007
Extent and Intensity
1/1/0. 3 credit(s) (fasci plus compl plus > 4). Type of Completion: graded credit.
Teacher(s)
Ing. Miroslav Hloušek, Ph.D. (lecturer)
Lydie Pravdová (assistant)
Guaranteed by
Mgr. Jaromír Beneš
Faculty of Economics and Administration
Contact Person: Mgr. Jaromír Beneš
Timetable
Mon 7:40–8:25 S309
  • Timetable of Seminar Groups:
E7340/01: Mon 8:30–9:15 S309
Course Enrolment Limitations
The course is only offered to the students of the study fields the course is directly associated with.
fields of study / plans the course is directly associated with
Course objectives
The course has two aims: to introduce students to the fundamental concepts of monetary economic theory and to describe and evaluate the basic possible monetary systems of society. The first part will give an explanation of the origin, function and development of money and monetary systems, also the process of determination of price level will be explained, as well as the process of adaptation of the price level to monetary and real shocks. The course will also outline the basic view of the need to regulate the banking sector and the impact of such regulation on monetary stability. The problems of determination of the exchange rate and its interaction with the domestic economy will be covered by a special course Exchange Rate Policy for National Economists. The second part of the course will acquaint students with the functions of the individual basic types of monetary systems (freedom of banking; central bank on the gold standard; central bank and money with forced circulation). These systems will be evaluated in respect of the knowledge students gained in the first part of the course. The main strategies currently used by central banks will be described and evaluated here as well (monetary principles, targeting of the money supply, exchange rate pegging, targeting of inflation, etc.).
Syllabus (in Czech)
  • 1. Úvod do monetární ekonomie 2. Barterová ekonomika I – chování domácností a firem 3. Barterová ekonomika II – všeobecná rovnováha 4. Barterová ekonomika III – časová struktura výroby a kapitálu 5. Poptávka po penězích 6. Peněžní rovnováha 7. Nabídka peněz I – úvod a nabídka vnitřních peněz 8. Nabídka peněz II – režim fixace peněžní báze 9. Nabídka peněz III – režim fixace úrokové sazby 10. Teorie hospodářského cyklu I – úvod, RBC, ABC 11. Teorie hospodářského cyklu II – mispercepční teorie, teorie rigidních cen 12. Konečná příčina inflace a hospodářského cyklu 13. Aplikace v monetární politice
Literature
  • Jílek, J.: Peníze a měnová politika, Grada, 2004.
  • KOHN, Meir G. Financial institutions and markets. 2nd ed. New York: Oxford University Press, 2004, xxx, 674. ISBN 0195134729. info
  • ROMER, David. Advanced macroeconomics. 2nd ed. Boston: McGraw-Hill, 2001, xx, 651. ISBN 0072318554. info
  • REVENDA, Zbyněk. Centrální bankovnictví. Vyd. 1. Praha: Management Press, 1999, 741 s. ISBN 80-85943-89-1. info
  • WHITE, Lawrence H. The theory of monetary institutions. 1. ed. Oxford: Blackwell, 1999, xii, 269 s. ISBN 0-631-21214-0. info
  • REVENDA, Zbyněk. Peněžní ekonomie a bankovnictví. Vyd. 1. Praha: Management Press, 1996, 613 s. ISBN 80-85943-06-9. info
  • KOHN, Meir. Money, banking, and financial markets. 2nd ed. Fort Worth: Dryden Press, 1993, xxxvi, 873. ISBN 0-03-096500-4. info
Language of instruction
Czech
Further Comments
The course can also be completed outside the examination period.
The course is taught annually.
The course is also listed under the following terms Autumn 2007 - for the purpose of the accreditation, Autumn 1999, Autumn 2000, Autumn 2001, Autumn 2002, Autumn 2003, Autumn 2004, Autumn 2005, Autumn 2006.
  • Enrolment Statistics (recent)
  • Permalink: https://is.muni.cz/course/sci/autumn2007/E7340