BFN302MONETARY THEORY AND POLICY

BFN302 explores the theoretical foundations and practical applications of monetary economics. The course examines the nature, functions, and demand for money, alongside the various tools and mechanisms used by central banks to influence macroeconomic variables such as inflation, interest rates, employment, and economic growth. Students will study the development and implementation of monetary policy, the structure of monetary systems, and the interaction between monetary and fiscal policy.

Emphasis is placed on understanding how central banking decisions affect liquidity, credit availability, and overall financial stability. The course incorporates real-world case studies and historical examples to illustrate the impact of monetary policy in different economic contexts. By the end of the course, students will be able to critically evaluate monetary strategies, interpret policy outcomes, and understand their implications for financial markets and the broader economy.