Understanding the main relationships between money, credit and the economy. Institutional analysis of central banks and financial regulatory authorities.

Intended learning outcomes:

Knowledge and understanding skills:
Students at the end of the Course will have proved their understanding of the main rationales for the existence of the money in economic systems, the criteria that determine the action of central banks, the main topics of the relationship between monetary policy and financial intermediation, the impact of monetary policy on the real economy according to the different transmission channels. The acquired information set is a fundamental support for the understanding and deepening of the studies of all higher-ranking economic and financial subjects.

Applying knowledge:
At the end of the Copurse, Students will be able to recognise the main interdependencies between economic and monetary variables, both at the microeconomic and banking level, as well as at the macroeconomic level.

Ability to draw conclusions:
Students will be able to identify the most appropriate models, among those presented in the course, to describe even complex monetary phenomena in their relationship with the economy. Students will also be able to interpret the technical literature on the topics addressed in the course.

Communication skills:
Students will be able to describe the economic and financial problems discussed in the course from an analytical point of view, with the opportunity to refer to the scientific literature proposed in the course. Students will also be able to interact in operational contexts related to economic and financial phenomena, being able to develop analyses through the identification of causality links and the most appropriate methodologies to interpret them.

Ability to learn:
At the end of the Course students will be acknowledged of the theoretical and technical references underlying the interactions between the use of money in the economy and monetary policy. This will enable them to tackle studies in the economic and financial sectors at more advanced levels. The Course will provide students with the basis for learning what will be proposed in the courses of master's degree in pure economics, as well as in international finance.