Joint-honours information for 2017 entry

Monetary Theory and Policy

Module L1040

Module details for 2017/18.

15 credits

FHEQ Level 6

Module Outline

The module begins with Keynes's reformulation of Classical monetary theory and the application of Keynes's ideas to economic depressions, especially the Great Recession which started in 2008. The second part of the module concerns monetary policy in practice: inflation targetting, the use of the Taylor Rule in policymaking and the role of quantitative easing during the Great Recession. The last part of the module deals with the modern evolution of banking, with special emphasis on its role in triggering the 2008 financial crisis, and with banking regulation both pre- and post-crisis

Module learning outcomes

Have demonstrated a systematic understanding of those principles at the forefront of economics as they relate to economic problems and issues

Have demonstrated a systematic understanding of an appropriate number of specialised fields of economics (e.g. labour economics, development economics)

Be able to use the power of abstraction to focus upon the essential features of an economic problem and to provide a systematic framework for the coherent and critical evaluation of the effects of policy or other exogenous events.

Be able to analyse an economic problem or issue using an appropriate theoretical framework, recognise its limitations and appreciate uncertainties around such analyses.

Unseen ExaminationSemester 1 Assessment100.00%

Submission deadlines may vary for different types of assignment/groups of students.


Coursework components (if listed) total 100% of the overall coursework weighting value.

TermMethodDurationWeek pattern
Autumn SemesterSeminar2 hours11111111111
Autumn SemesterLecture2 hours11111111111

How to read the week pattern

The numbers indicate the weeks of the term and how many events take place each week.

Dr Ingo Borchert

Assess convenor

Please note that the University will use all reasonable endeavours to deliver courses and modules in accordance with the descriptions set out here. However, the University keeps its courses and modules under review with the aim of enhancing quality. Some changes may therefore be made to the form or content of courses or modules shown as part of the normal process of curriculum management.

The University reserves the right to make changes to the contents or methods of delivery of, or to discontinue, merge or combine modules, if such action is reasonably considered necessary by the University. If there are not sufficient student numbers to make a module viable, the University reserves the right to cancel such a module. If the University withdraws or discontinues a module, it will use its reasonable endeavours to provide a suitable alternative module.