Course title

Monetary Economics

Code

 FIN 220

Professor

Goran Petrevski

After completing this course, students should:

1.       understand the functions performed by money along with the nature of different monetary regimes,

2.      understand the practical definition of money as well as the process of money creation,

3.      be familiar with the contemporary achievements in monetary theory,

4.      obtain insight into the practical issues of conducting monetary policy, thus being able to analyse the effects of various monetary policy instruments,

5.      acquire knowledge about the recent monetary history of Macedonia.

1.      The history of money

2.      Measuring the value of money

3.      Monetary standards

4.      Definition of monetary aggregates

5.      Monetary aggregates in Macedonia

6.      Theoretical notes on the neutrality of money

7.      The classical quantitative theory

8.      The Keynesian revolution in the monetary theory

9.      The restatement of the quantitative theory of money

10.  The time lag in monetary policy

11.  The transmission mechanism of monetary policy

12.  Instruments of the monetary policy

13.  Money supply

14.  Money demand

15.  Inflation

16.  Stabilization policies in Macedonia