58勛圖

EC4436 Monetary Economics

Academic year

2026 to 2027 Semester 1

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

20

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 10

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

To be confirmed

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr G Cattelan

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Dr Giacomo Cattelan

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

The module provides a rigorous introduction to monetary economics, offering a formal framework to interpret both classic and modern monetary phenomena. Students are introduced to mathematical models to analyze why money exists and how it circulates, the money supply process, and the roles of banks and central banks. Building on these foundations, the module examines the instruments and transmission mechanisms of conventional monetary policy, with a focus on how policymakers design and implement policy in response to macroeconomic shocks. The module concludes with an analysis of unconventional monetary policy tools, including quantitative easing and forward guidance.

Relationship to other modules

Pre-requisites

PERMISSION OF THE ECONOMICS HONOURS ADVISER

Assessment pattern

50% Examination 50% Coursework

Re-assessment

100% Examination

Learning and teaching methods and delivery

Weekly contact

2 x 1-hr lectures (x10 weeks), 1 x 1-hr tutorial (x5 weeks)

Intended learning outcomes

  • Understand the leading theories on the existence and circulation of money.
  • Understand the consequences of monetary policy for financial markets and the aggregate economy.
  • Interpret the monetary policy decisions on interest rates and monetary aggregates based on the current economic and financial outlook.
  • Choose the appropriate formal model to analyze current monetary policy issues.