Modern Monetary Theory and European Macroeconomics

The course introduces students to Modern Monetary Theory (MMT) through the use of a new textbook written by the lecturer. The balance sheets and transactions that are relevant for understanding modern money are examined, with a focus on the Eurozone. Explanations include the idea that banks can create bank deposits through their accounting software, that governments spend first and collect taxes later and that central banks use a set of interest rates as their main tool of policy instead of manipulating the money supply.
This is the 3rd edition of the course, with the first one scoring 8.83/10 in the evaluation of 2016 and the second 8,90 in 2017

Course leader

Dirk Ehnts

Target group

There are no prerequisites for this course.

Course aim

Goals
- Gain knowledge of central banks and monetary policy;
- Understanding the operations of the Treasury and fiscal operations;
- Grasp of credit creation and clearing process in the banking system;
- Ability to aggregate balance sheets in order to use sectoral balances as a tool for macroeconomics;
- Gain insights on the economic history of the eurozone, its crisis and possible remedies.

Fee info

EUR 499: Tuition fee

Scholarships

No scholarships are available for this course.