|Study location||Netherlands, Maastricht|
|Type||Maastricht Online Campus, distance learning|
|Nominal duration||16 - 20 November (20:00 - 21:30 CET) (2 ECTS)|
|Tuition fee||€299 per programme|
Enrolled as an Undergraduate student or Undergraduate diploma
The entry qualification documents are accepted in any language
Please note that if we need additional information or a translation, we will reach out to you.
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.
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.
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
• 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
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)