Monetary Economics: Theory

15 points

Not offered 2023, offered in 2018, 2019, 2020, 2021, 2022

For further information see Department of Economics and Finance


This course surveys a number of important topics in monetary and financial theory. A few topics such as the implementation of monetary policy in New Zealand and the theory of the banking firm draw heavily on microeconomics. The lectures cover topics ranging from asymmetric information in credit markets to the term structure of interest rates. The topical nature of the course is brought out by a discussion of macroprudential and microprudential regulation, the behavior of banks in a low-interest rate environment, and the changing nature of financing decisions by firms since the Global Financial crisis.


Entry to any honours level course is subject to the approval of the Head of Department.


Equivalent Courses