This course provides an understanding of the economic role of money, focusing on discussion of different schools of thought relating to the significance of money and monetary variables.

CILO-1: Summarize and explain the economic theories underpinning the design and implementation of monetary policy, including the factors that influence the decision-making process of central banks. CILO-2: Analyze and evaluate the complex interactions between monetary policy, banking, and financial markets, and their impact on economic outcomes in different countries and contexts. CILO-3: Apply economic models and analytical tools to real-world situations, including the assessment of the effectiveness of monetary policy measures in achieving macroeconomic objectives such as price stability and full employment. CILO-4: Critically evaluate the role of financial regulation and supervision in ensuring the stability and resilience of the banking system, and assess the potential benefits and drawbacks of alternative policy approaches in addressing systemic risks and promoting financial stability.