Academic Catalog

ECO442 TOPICS IN MONETARY MACROECONOMICS

Course Code: 3520442
METU Credit (Theoretical-Laboratory hours/week): 3(3-0)
ECTS Credit: 6.0
Department: Economics
Language of Instruction: English
Level of Study: Undergraduate
Course Coordinator: Assoc.Prof.Dr. EMRE ÖZÇELÝK
Offered Semester: Fall Semesters.
Prerequisite: Set 1: 3520102
The course set above should be completed before taking ECO442 TOPICS IN MONETARY MACROECONOMICS .

Course Content

The main objective of the course is to introduce students to a number of approaches to monetary theory and policy. The following topics are covered: Theoretical Fundaments of Monetary Policy, Vulnerabilities and Limits to Monetary Policy: Financial Dollarisation, Fiscal Dominance, New Monetary Macroeconomics Beyond IS-LM, Monetary Policy Transmission Mechanisms, Inflation Dynamics, Monetary Policy and Nominal Anchors, Inflation Targeting.