COURSE INFORMATION Course Title: ADVANCED MONETARY THEORY AND POLICY

Code	Course Type	Regular Semester	Theory	Practice	Lab	Credits	ECTS
ECO 509	B	3	3	0	0	3	7.5

Academic staff member responsible for the design of the course syllabus (name, surname, academic title/scientific degree, email address and signature)	NA
Lecturer (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	Chrysanthi Balomenou , Friday 13:00 - 15:00 pm
Second Lecturer(s) (name, surname, academic title/scientific degree, email address and signature) and Office Hours:	NA
Teaching Assistant(s) and Office Hours:	NA
Language:	English
Compulsory/Elective:	Elective
Classroom and Meeting Time:	On Wednesday 18:00-20:45 at E/110
Course Description:	The main goal of this course is to improve academic and analytic skills of students on monetary theory and policy
Course Objectives:	The main aim of this course is to teach how to improve students academical, analytical, and synthetical skills on Monetary Theory and Policy, by providing them all the indispensable information and tools on both how: a) to learn, comprehend and interfere in a scientific book or article of the field of Monetary Economics, as far as the most crucial hot topics of the examining scientific area, via cultivating critical view aspects and not adopting sterile parrot learning educational methods and b) to write a scientific article in order to be published in scientific journals of the area.

COURSE OUTLINE

Week	Topics
1	Introduction of the syllabus and academic writing rules
2	Analysis of the first case study article: US - Europe Crisis lessons from Japan
3	Analysis of the second case study article: Monetary policy challenges: how central banks changed their modus operandi
4	Analysis of the third case study article: Revisiting the LOLR Facility
5	Analysis of the forth case study article: Rules vs. Discretion in Monetary Policy
6	Analysis of the fifth case study article: “Rules versus Authorities in Monetary Policy”
7	Revision
8	Midterm (Individual project presentation)
9	Analysis of the sixth case study article: Should the functions of monetary policy and banking supervision be separated?
10	Analysis of the seventh case study article: Needed but Rejected: How to Implement the Financial Stability Objective into Monetary Policy?
11	Analysis of the eighth case study article: The great lockdown: pandemic response policies and bank lending conditions (Eurozone's response in comparison to the FED's response on the other side of the Atlantic)
12	Analysis of the ninth case study article: The Logic and Impossibility of Austerity
13	Analysis of the tenth case study article: The Impact of the Great Recession on Monetary and Fiscal Policy in Developed Market Economies
14	Revision

Prerequisite(s):	NA
Textbook:	Textbook: Manual of Elsevier editions on “Understanding the Publishing Process in scientific journals”; Zafiropoulos,K. “How a Scientific Work is written- Scientific Research and Writing”, Kritiki Editions; Other References: Lectures on Academic Writing and Research Methodology and the materials prepared by the Lecturer; nominated articles relating to Monetary Policy and Theory and to Monetary and Banking Law issues and recent discussions and research papers on Monetary Theory and Policy. In addition supporting teaching materials such as presentations prepared by the lecturer relevant to the analyzing articles.
Other References:	NA
Laboratory Work:	NA
Computer Usage:	NA
Others:	No

COURSE LEARNING OUTCOMES

1	Improve their professional and academical skills in monetary economics and monetary – banking law.
2	Develop their analytical, critical and empirical skills in monetary economics - monetary and banking law.
3	Enhance their ability to justify the hot topics of the scientific area of the monetary economics basing on the relevant theories and reliable literatures reviews that they have been taught.
4	Take advantage of the offered opportunities and challenges to acquire a comprehensive knowledge and background on how to write a scientific article.
5	Promoting academic skills for preparing and submitting a paper to an international conference, for being presented at an ordinary, special or referee session
6	Ameliorating academic skills for publishing a paper in and indexed journal/or in a proceedings book or as a chapter contribution to a scientific book.
7

COURSE CONTRIBUTION TO... PROGRAM COMPETENCIES (Blank : no contribution, 1: least contribution ... 5: highest contribution)

No	Program Competencies	Cont.
Master of Science in Economics Program
1	Students apply advanced knowledge in economics	5
2	Students explain the interaction between related disciplines and economics	4
3	Students apply scientific methods to address economic problems	3
4	Students define existing theory in a specialized branch of economics	4
5	Students critically evaluate knowledge in economics and carry out advanced research independently	3
6	Students develop economic models and formulate policy options	2
7	Students make an original contribution to the discipline	3
8	Students effectively communicate in a variety of professional and academic contexts
9	Students will develop new strategic approaches for unexpected, complicated situations in economics and take responsibility in solving them	2
10	Students uphold and defend ethical values data collection, interpretation and dissemination	3
11	Students use advanced empirical analyses to address social problems
12	Students interact with professional networks in their field of specialization

COURSE EVALUATION METHOD

Method	Quantity	Percentage
Midterm Exam(s)	1	30
Term Paper	1	20
Final Exam	1	40
Attendance		10
	Total Percent:	100%

ECTS (ALLOCATED BASED ON STUDENT WORKLOAD)

Activities	Quantity	Duration(Hours)	Total Workload(Hours)
Course Duration (Including the exam week: 16x Total course hours)	16	3	48
Hours for off-the-classroom study (Pre-study, practice)	16	3	48
Mid-terms	1	16	16
Assignments	1	15	15
Final examination	1	18	18
Other	1	5	5
Total Work Load:			150
Total Work Load/25(h):			6
ECTS Credit of the Course:			7.5