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Modern Monetary Theory and European Macroeconomics

Maastricht Summer School
Netherlands, Maastricht
Maastricht Summer School Netherlands, Bonnefantenstraat 2, 6211 KL Maastricht, The Netherlands
Tuition fee €299 per programme

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.

Course Duration and Dates
This is a one week course running from the 16th until the 20th of November, 2020 with classes taking place in the evenings from 20:00 – 21:30 CET.

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

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)

Assessment methods
Written Exam

Apply now! Fall semester 2020/21
Application deadline
Oct 28, 2020 23:59:59
Europe/Amsterdam time
Studies commence
Nov 16, 2020

Application deadlines apply to citizens of: United States

Apply now! Fall semester 2020/21
Application deadline
Oct 28, 2020 23:59:59
Europe/Amsterdam time
Studies commence
Nov 16, 2020

Application deadlines apply to citizens of: United States