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

Tuition fee	€400.00 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 B2, IELTS 6.5

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 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.

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

Instruction language
English

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

Keywords
Euro, Eurozone, macroeconomics, fiscal policy, monetary policy, Modern Monetary Theory