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Derivation of the demand for money. Choice of monetary policy instrument under uncertainty. Analysis of alternative monetary rules in closed and open economies. A Taylor rule in a dynamic model. Term structure of interest rates. Central bank digital currencies. Financial crises.
ECON326 is a lectures-based course. There are 12 2-hour lectures. A 1-hour tutorial follows each lecture. The tutorials allow students to hone their problem-solving skills. A guest lecture by Nick Mulligan, a Senior Policy Advisor at the Reserve Bank of New Zealand, is planned for May 28th.
The objectives of the course are:1. To give students a solid grounding in monetary economics2. To provide a thorough understanding of central bank behaviour3. To explain the advantages and disadvantages of monetary policy strategies4. To discuss central bank action in economic crises.5. To introduce the student to the art of doing independent research.
(1) ECON206; (2) MATH102 or MATH199. RP: ECON207
ECON207
Students must attend one activity from each section.
Alfred Guender
Domestic fee $1,003.00
International fee $4,538.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .