EC5614 Monetary Policy

Academic year

2025 to 2026 Semester 2

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

15

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 11

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Planned timetable

To be arranged.

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Dr J M Swarbrick

Dr J M Swarbrick
This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Jonathan Swarbrick

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module introduces you to key issues in monetary policy, developing frameworks to understand and analyse these issues. You will gain familiarity with the models used in central banks for monetary policy research and analysis, learning how to apply these frameworks to interpret the current monetary policy challenges. Topics will cover monetary policy implementation, why inflation is costly and what monetary policy can do about it, and the important trade-offs policymakers face.

Assessment pattern

50% Coursework, 50% exam

Re-assessment

Exam 100%

Learning and teaching methods and delivery

Weekly contact

16 hours of lectures (8 x 2hr), 5 hours of tutorials (5 x 1hr)

Scheduled learning hours

21

The number of compulsory student:staff contact hours over the period of the module.

Guided independent study hours

129

The number of hours that students are expected to invest in independent study over the period of the module.

Intended learning outcomes

  • Gain familiarity with the theoretical frameworks used to model monetary policy.
  • Gain an understanding of the debates and issues surrounding monetary policy.
  • Gain understanding of how models are used to examine monetary policy issues and trade-offs.
  • Learn about models used in policy analysis at central banks.