Money and Banking

Focusing on the financial system and monetary policy, this course looks at key issues in the theory and practice of financial markets, banking, monetary policy and importantly their interaction and how this impacts the real world.
The course will relate this to recent economic events which have reverberated worldwide. It is particularly suitable for students wishing to enter careers in financial markets or further study in this area.

The Money and Banking course will look at some key issues in the theory and practice of financial markets, monetary policy and banking and how their interactions affect the real world.

The financial system has undergone many changes since the credit crunch and the Central Banks have had the unenviable task of stimulating the economy, encouraging lending, managing inflation and exchange rates. This course will focus on the financial system and monetary policy in countries around the world and present an opportunity to discuss the financial institutions and monetary policies of different nations, evaluating their relative success in recovering from the financial crisis.

Course leader

Fatih Kansoy
Professor Vicky Pryce
Arthur Galichère

Target group

This course is open to students who are studying or have previously studied Economics at University level. You should attach your most recent transcript or provide a screenshot of your modules from your student portal as evidence when you apply. Students should also meet our standard entry requirements and must be aged 18 or over by the time the Summer School commences and have a good understanding of the English language.

Course aim

This course aims to draw on recent financial events from across the world and provide students with a detailed understanding of the economic theory behind the way in which monetary policy can be designed and implemented. By focussing on the interactions between monetary policy, banking and financial markets, this course will give students the tools they need to understand and evaluate these links and apply their findings to real world applications in a variety of countries. Students taking this course will gain a greater awareness of the key elements of the financial system and the roles played by different financial assets. The course aims to give students greater awareness of the monetary transmission mechanism and how we can use modern empirical methods to understand it.

There are important economic lessons to be learnt from the financial crisis and this course will aim to relate relevant economic theory and applications to recent events which have reverberated worldwide. With the aim of developing students’ knowledge and understanding of the complex interactions between monetary policy, financial markets, banks and the economic situation, this course will be ideal for anyone looking to further their knowledge in monetary and financial economics, perhaps with an aim of pursuing a career in this field or undertaking postgraduate study. It will therefore aim to provide students with a rare opportunity to combine academic theory with their interest in a future career in such a direct manner.

Credits info

4 EC
3-4 credits (US)
7.5 ECTS points (EU)

Fee info

GBP 2350: Student Rate (for any students in full-time education at any University or College worldwide)
EUR 3150: Standard Rate