The course provides an introduction to monetary theory, to the effects of monetary variables on the macroeconomic system, the role of the Central Bank and the conduct of monetary policy. Enphasis is on the European Union and Euroepan Centrak Bank,  conventional and non conventional monetary policy by the ECB, with a special reference to the recent Covid-19 pandemia.

I. The nature and functions of money. II. The theories of supply and demand of money. III. Theory and practice of monetary policy of  BCE. IV. The origins and management of economic crisis . 

Microeconomics

Knowledge and understanding: the student, at the end of the course, will know the functioning of the money market of modern economies.

Applying knowledge and understanding: the student will be able to understand and analyze the evolution of modern monetary systems and monetary policies implemented in the EU and in USA.

Making judgments: the student will have developed a critical capacity to assess the quality of the suggested solutions and policies of central banks.

Communication skills: the student will learn to communicate the results of the analysis conducted with the aid of reports and graphs. 

Learning skills: the student will be able to apply the knowledge acquired in previous courses to further integrating vocational skills that characterize the course.

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

Teaching

The course consists of lectures and seminars for a total of 36 hours of lessons. Students may edit and discuss original essays on relevant topics.

Attendance

It is highly recommended to attend regularly the course.

Course books

Pietro Alessandrini (2015), "Economia e politica della moneta", Seconda Edizione, il Mulino. Capitoli I, II, III, IV (no 4.5), V (no 5.3), VI, VII, VIII (no 8.5, no 8.6, no 8.7), IX, XI, XIV e XV.

Erasmus students can request to sit the final exam in English with an alternative bibliography to be defined with the professor.

Assessment

The examination is based on a one-hour compulsory written test and consists of 5 open questions.

The open questions aim to ascertain the student's ability to master the concepts covered during the course and to be able to expose their arguments in a clear and limited time, using a rigorous and punctual formal and graphic analysis.

The evaluation criteria are: the level of mastery of theoretical knowledge, of the graphical and mathematical tools used; the degree of articulation of the answer; the degree of appropriateness of the explanation; the degree of accuracy of graphic and formal analysis.

Based on these criteria each theoretical question will be evaluated on a 6-point scale, and each correct answer is worth 6 points. The exam is considered passed if the student brings an evaluation equal to or greater than 18. The vote may be:

- Rejected by the student; the test must be repeated (possible option for once).

- Accepted by the student.

- Accepted with request for integration in the oral test (which can increase or decrease the script rating).

The test results are displayed on the same day or the next day of the test. At the timetable announced during the written exam, students who wish may inspect their proper exam, proceed with registration of the votes for those who accept the vote and take the oral exam for those that require integration.

Student essays will be evaluated for the final marks.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Teaching

Same program of the attending students.

Attendance

Same program of the attending students.

Course books

Same program of the attending students.

Assessment

Same modalities of the attending students.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Erasmus students can request to sit the final exam in English with an alternative bibliography to be defined with the professor.