Modern Monetary Theory and European Macroeconomics
Netherlands, Maastricht
Study location | Netherlands, Maastricht |
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Type | Summer Course, full-time |
Nominal duration | 1 week (2 ECTS) |
Study language | English |
Course code | MSS0010 |
Tuition fee | €399 per programme |
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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. |
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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. |
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Other requirements | A motivation letter must be added to your application. |
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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 a one-week course running from the 22nd of August until the 26th of August, 2022.
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
Central European Time
Central European Time