Economics and business administration (Academic Year 2021/2022) - Business management

Students attending the course will be able to understand the reasons for monetary policies implemented in the main Regions of the World and the challenges arising from the changing nature of financial markets.

The first part of the course will deal with the definition and functioning of the financial system and will explain the relation between interest rates, time and risk. The second part of the course will be devoted to analysis of Central Banks and monetary policy. The third part will present and discuss the main economic theories behind modern monetary policy.

Video-lessons will be integrated with self-evaluation exercises, problem sets (4) and active classes (5)

Cecchetti S.G., Schenholtz K.L. (2017). Money, Banking, and Financial Markets, 5^th edition. McGraw-Hill.

The exercises and questions loaded in correspondence of the lessons are to be considered self-report nature. They have no value for the purpose of admission to the examination and should not be delivered to the tutor. Problem sets loaded in correspondence of lessons 4, 7, 11 and 15 are for submission purpose. In order to be admitted to the exam students must complete and send to the instructor at least two out of four problems sets.