Duration
45h Th
Number of credits
| Bachelor in economics and business management | 5 crédits | |||
| Master in economics : general (60 ECTS) | 5 crédits | |||
| Extra courses intended for exchange students (Erasmus, ...) | 5 crédits |
Lecturer
Language(s) of instruction
French language
Organisation and examination
Teaching in the second semester
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
The course in Monetary and Financial Economics covers monetary theory and policy (Prof. Lionel Artige) as well as topics in international finance (Prof. Caterina Santi). The program consists of 2 parts:
Part 1 (Lionel Artige) : Monetary economics
- Money and the money market
- The demand for money
- The money supply: money creation
- Interest rate formation
- Monetary policy
- Financial crises
- Introduction to the Foreign Exchange Market
- The different exchange rate regimes
- Determinants of exchange rates
- Hedging currency risk
- Cryptocurrencies
Learning outcomes of the learning unit
The objective of this course is to acquire knowledge in monetary economics and international finance in order to understand the international economic environment and its underlying mechanisms.
Prerequisite knowledge and skills
Courses in Macroeconomics and in Financial Markets.
Planned learning activities and teaching methods
Lectures and reading list.
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face
Recommended or required readings
Szpiro, Daniel (2009) Economie monétaire et financière, de Boeck.
Mishkin, Frederic S. (2010) Monnaie, banques et marches financiers, 9ème édition, Pearson.
Landais, Bernard (2008) Leçons de politique monétaire, de Boeck.
Hull, John (2011) Options, Futures et autres actifs dérivés, Pearson, 8ème édition.
Benassy-Quéré Agnès, Coeuré, Benoît (2014), Economie de l'Euro, Collection Repères
Exam(s) in session
Any session
- In-person
written exam ( multiple-choice questionnaire, open-ended questions )
Continuous assessment
Additional information:
Part 1 (Lionel Artige) : Final written exam with open questions (50%)
Part 2 (Caterina Santi): Final written exam with exercises (30%)
4 x Online MCQs (20%)
Work placement(s)
Organisational remarks and main changes to the course
Contacts
Prof. Lionel Artige
Office : 1/32b (N3, Rue Louvrex)
Tél : 04 366 48 91
email : lionel.artige@uliege.be
Prof. Caterina Santi
Office : 104 (N1, Rue Louvrex)
email : Caterina.Santi@uliege.be
Association of one or more MOOCs
There is no MOOC associated with this course.