ECON 541 – Monetary Theory and Practice I
Date
14/08/2020
Authors
Okurut, Francis Nathan
Journal Title
Journal ISSN
Volume Title
Publisher
AERC
Abstract
The purpose of this course is to enable you to acquire sufficient knowledge of monetary theory
and policy. The course content is designed to ensure that the state of the art of monetary theory is
given sufficient exposition, while at the same time introducing sufficient doses of policy and
empirical topics with special reference to developing countries, in particular African countries.
The course adequately prepares you for advanced research and practice in the area plus policy
analysis and implementation. As the course outline indicates, course is in two parts. Part I deals
with issues relating to various aspects of monetary theory including the role of money, money
demand, money supply, money and inflation, monetary management, and central banking as well
as money in the open economy. Part II covers the economics of financial institutions and financial
intermediation, relationship between financial development and economic growth, money in an
open economy, international financial institutions, and global economy. As well as providing
theoretical frameworks for analyzing banking intermediations and the conduct of monetary policy,
the course will also present empirical evidence and policy actions wherever possible to support the
theories.
Description
Monetary Theory and Practice I