Study location	Netherlands, Maastricht
Type	Summer Course, full-time
Nominal duration	1 week online course (2 ECTS)
Study language	English
Course code	MSS0010

Tuition fee	€299 per programme

Entry qualification	Enrolled as an Undergraduate student or Undergraduate diploma The entry qualification documents are accepted in the following languages: English. Often you can get a suitable transcript from your school. If this is not the case, you will need official translations along with verified copies of the original.

Language requirements	English Please attach proof of English proficiency or clearly state in your motivation letter any previous English experience through education, upbringing or jobs. We pride ourselves on our interactive courses and we therefore want to ensure all students can participate to the full extent.

Other requirements	A motivation letter must be added to your application.

Overview

The course introduces students to Modern Monetary Theory (MMT) through the use of a 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.

Course Duration and Dates
This is an online one-week course running from the 9th of August until the 13th of August, 2021. The courses will be scheduled in Central European Time [CET] so it is possible that some time slots are not ideal for people in certain time zones. However, when scheduling the courses, we will try to take into account the different time zones as much as we can.

ECTS
The number of credits earned after successfully concluding this course is the equivalent of 2 ECTS according to Maastricht University’s guidelines. For further information see the MSS terms and conditions

Goals
 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
 Insights on the economic history of the eurozone, its crisis and possible remedies

Prerequisites
none

Recommended literature
Ehnts, Dirk. 2017. Modern Monetary Theory and European Macroeconomics, Abingdon: Routledge (ISBN hardcover and ebook: 978-1-138-65477-8 and 978-1-315-62303-0)

Teaching methods
PBL

Assessment methods
Written Exam