Monetary Economics and Banking Course unit title Monetary Economics and Banking Course unit code PNE896 Type of course unit (compulsory, optional) Optional Level of course unit (according to EQF: first cycle Bachelor, second cycle Master) Third cycle Doctor Year of study when the course unit is delivered (if applicable) Year 1 Semester/trimester when the course unit is delivered Semester 2 Number of ECTS credits allocated 4.8 ECTS Name of lecturer(s) Dr. Rudi Purwono Dr. Wisnu Wibowo Dr. Wasiaturrahma Learning outcomes of the course unit Students are able to: (1) analyze comprehensively the economic system and mechanism from the monetary side; (2) evaluate various monetary policies taken by the central bank and present their arguments based on theoretical and empirical frameworks. Mode of delivery (face-to-face, distance learning) Face to face (offline) and or distance learning (online) Prerequisites and co-requisites (if applicable) No Course content (1) The mechanism-design approach to monetary theory; (2) New monetarist economics: model; (3) money and inflation: some critical issues; (4) rational inattention and monetary economics; (5) imperfect information and aggregate supply; (6) DSGE models for monetary policy analysis; (7) how has the monetary transmission mechanism evolved over time?; (8) inflation persistance; (9) financial intermediation & credit policy in business cycle analysis; (10) financial intermediaries and monetary economics; (11) the optimal rate of inflation; (12) optimal monetary stabilization policy; (13) simple and robust rules for monetary policy; (14) optimal monetary policy in open economies Recommended or required reading and other learning resources/tools Friedman, B. M., & F.H. Hahn. 2011. Handbook of Monetary Economics. North Holland Freixas, X. & Rochet, J.C. 2009. Microeconomic of Banking. MIT Press. Walsh, C. E. 2003. Monetary Theory and Policy. 2nd Ed. MIT Press. Mishkin. 2009. The economics of money, banking and financial markets. 9th Ed Bernanke, B.S., T. Laubach., F. S. Mishkin., & A. S. Posen. 1999. Inflation Targeting. Princeton University Press Planned learning activities and teaching methods Lecture course, presentation and discussion, assignment Language of instruction In Bahasa (Indonesian Language) and English Assessment methods and criteria Exam, individual assignment