Università Roma Tre

The first module (20 hours) of the course aims to provide students with the tools needed to understand the functioning of a monetary economy, the structure of interest rates, and the operative aspects of Central Bank monetary policies. It explains what money is, the debate on its origins, the different approaches to the determinants of the demand for money and its supply, monetary policy instruments, and equilibrium in the asset markets.
The second module (40 hours) concentrates on the relations between money, prices, and outputs in the short as well as the long run. It also analyses the debate on rules and discretion in monetary policies, the Taylor rule, issues related to exchange rates, and the sustainability of public debt. These themes are developed according to both a traditional and heterodox approach.