AIMS AND CONTENT

LEARNING OUTCOMES

At the end of the course the student should be able to:

1. master the fundamental theories of monetary policy

2. understand the nature of structural changes in monetary instruments and financial systems

3. be able to understand the changes in the forms of monetary policy management

4. be able to formulate hypotheses for monetary policy measures in the face of exogenous shocks.

AIMS AND LEARNING OUTCOMES

At the end of the course, students will be able to understand both the relevance of monetary aspects in individual decisions and the main effects determined by the presence of monetary institutions. This knowledge should be useful to: (i) complete the framework of the essential elements for the correct management/planning of business decisions from a financial point of view; (ii) identify the strategic elements of the typical activity of financial intermediaries, critically linking them to the different theoretical approaches from which they originate; (iii) read, collect and interpret data of monetary relevance; assess the relevance of changes in macroeconomic-monetary arrangements, distinguishing the possible effects, both systemic and spillover on the behaviour of individual economic agents.

TEACHING METHODS

Frontal Lectures

SYLLABUS/CONTENT

Institutional part
Role and origin of money
Financial activities and markets
Financial intermediaries
Demand for money and financial assets
Money supply
Transmission of monetary policy
Money, prices and the level of output
The ultimate objectives of monetary policy
The conduct of policy between rules and discretion
The role of central banks
The determination of the exchange rate
The transmission and implementation of monetary policy in an open economy.

RECOMMENDED READING/BIBLIOGRAPHY

Pittaluga G.B., Seghezza E. Building trust in the international monetary system, Springer

Additional material will be provided on the course website

TEACHERS AND EXAM BOARD

Exam Board

GIOVANNI BATTISTA PITTALUGA (President)

MARTA SANTAGATA

ANDREA VINDIGNI

ELENA SEGHEZZA (President Substitute)

LESSONS

LESSONS START

I Semester

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

The examination consists of a written test (quiz and open questions).

ASSESSMENT METHODS

The written test consists of questions with the aim of assessing knowledge of the fundamental aspects of the subject, from the point of view of description and definitions, and the critical capacity and reworking of concepts. The answer may require either lexical argumentation, graphic representation or the use of appropriate quantitative expressions.

Exam schedule

FURTHER INFORMATION

Students are recommended to attend the course assiduously and to consult the online classroom platform periodically.

Students who have duly filed a DSA, disability or other special educational needs certification are advised to contact both the contact person Prof. Aristide Canepa (aristide.canepa@unige.it) and the lecturer at the beginning of the course, in order to agree on teaching and examination methods that, while respecting the teaching objectives, take into account individual learning methods and provide suitable compensatory tools