Duration
45h Th
Number of credits
| Bachelor in economics and business management | 5 crédits | |||
| Master in economics : general (60 ECTS) | 5 crédits | |||
| Extra courses intended for exchange students (Erasmus, ...) | 5 crédits |
Lecturer
Language(s) of instruction
French language
Organisation and examination
Teaching in the second semester
Schedule
Units courses prerequisite and corequisite
Prerequisite or corequisite units are presented within each program
Learning unit contents
The course in Monetary and Financial Economics covers monetary theory and policy (Prof. Lionel Artige) as well as the management of financial institutions (Prof. Danielle Sougné). The program consists of 2 parts:
Part 1 (Lionel Artige) : Monetary economics
Money and the money market
The demand for money
The money supply: money creation
Interest rate formation
Monetary policy
Financial crises
Part 2: The Foreign Exchange Market (Caterina Santi)
Introduction to the Foreign Exchange Market
The different exchange rate regimes
Determination of exchange rates
Cryptocurrencies
Learning outcomes of the learning unit
The objective of this course is to acquire knowldege in economics and finance in order to understand the working of the financial markets.
Prerequisite knowledge and skills
Courses in Macroeconomics and in Financial Markets.
Planned learning activities and teaching methods
Lectures and reading list.
Mode of delivery (face to face, distance learning, hybrid learning)
Face-to-face
Recommended or required readings
Szpiro, Daniel (2009) Economie monétaire et financière, de Boeck.
Hull, John (2011) Options, Futures et autres actifs dérivés, Pearson, 8ème édition.
Mishkin, Frederic S. (2010) Monnaie, banques et marches financiers, 9ème édition, Pearson.
Landais, Bernard (2008) Leçons de politique monétaire, de Boeck.
Assessment methods and criteria
Any session :
- In-person
written exam ( multiple-choice questionnaire, open-ended questions )
- Remote
written exam ( multiple-choice questionnaire, open-ended questions )
- If evaluation in "hybrid"
preferred in-person
Additional information:
Final written exam.
For all color codes (orange and red), possible questions: multiple choice with a penalty for incorrect answer(s), short answer or calculated answers, open questions,...
Work placement(s)
Organizational remarks
Contacts
Prof. Caterina Santi
Bureau : N1 - 202
email : Caterina.Santi@uliege.be
Prof. Lionel Artige
Bureau : 1.53 (B31, Sart Tilman)
Tél : 04 366 48 91
email : lionel.artige@uliege.be