Monetary Economics

Monetary economics studies the role of money and monetary authorities in a modern economy. We approach the topic in two sections: (i) monetary policy with specific application to the international financial crisis and (ii) monetary theory. The aim is to provide students with a solid understanding of monetary theory and to study the role of monetary authorities in the run-up to, unfolding and legacy of the international financial crisis. Part I covers the core theory of monetary economics, considering the nature of money, the role of expectations in monetary economics, the process of inflation and the Phillips curve. The role of monetary authorities in the financial crisis is the subject matter for Part II.

Course instructors: Monique Reid and Dawie van Lill

Work programme 

BER Weekly

18 February 2019
There was a slew of data releases last week, both on the domestic and international front. Domestic releases focused on real economic data for December 2018, all but completing the picture for 2018Q4 GDP. In financial markets, the rand lost further ground last week on the back of a strong US dollar and the return of load shedding. On the international...

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