BF 264 Elements of Money and Banking I

Introduction to monetary and financial institutions, central banks and monetary policy, the transmission mechanism of money, money supply process, inflation and inflation targeting, money supply and demand as related to aggregate real supply and demand for goods and services, Keynesians versus Monetarists, Monetary policy versus government budget, PSBR, budget versus inflation, monetary and fiscal policy effects under fixed versus floating exchange rate policy, putting all together: the IS-LM-FE model. Credit units: 3 ECTS Credit units: 6, Prerequisite: BF 162.

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