Szkoła Główna Handlowa w Warszawie - Centralny System Uwierzytelniania
Strona główna

Money and Monetary Policy

Informacje ogólne

Kod przedmiotu: 220061-D
Kod Erasmus / ISCED: 14.3 Kod klasyfikacyjny przedmiotu składa się z trzech do pięciu cyfr, przy czym trzy pierwsze oznaczają klasyfikację dziedziny wg. Listy kodów dziedzin obowiązującej w programie Socrates/Erasmus, czwarta (dotąd na ogół 0) – ewentualne uszczegółowienie informacji o dyscyplinie, piąta – stopień zaawansowania przedmiotu ustalony na podstawie roku studiów, dla którego przedmiot jest przeznaczony. / (0311) Ekonomia Kod ISCED - Międzynarodowa Standardowa Klasyfikacja Kształcenia (International Standard Classification of Education) została opracowana przez UNESCO.
Nazwa przedmiotu: Money and Monetary Policy
Jednostka: Szkoła Główna Handlowa w Warszawie
Grupy:
Punkty ECTS i inne: 3.00 (zmienne w czasie) Podstawowe informacje o zasadach przyporządkowania punktów ECTS:
  • roczny wymiar godzinowy nakładu pracy studenta konieczny do osiągnięcia zakładanych efektów uczenia się dla danego etapu studiów wynosi 1500-1800 h, co odpowiada 60 ECTS;
  • tygodniowy wymiar godzinowy nakładu pracy studenta wynosi 45 h;
  • 1 punkt ECTS odpowiada 25-30 godzinom pracy studenta potrzebnej do osiągnięcia zakładanych efektów uczenia się;
  • tygodniowy nakład pracy studenta konieczny do osiągnięcia zakładanych efektów uczenia się pozwala uzyskać 1,5 ECTS;
  • nakład pracy potrzebny do zaliczenia przedmiotu, któremu przypisano 3 ECTS, stanowi 10% semestralnego obciążenia studenta.

zobacz reguły punktacji
Język prowadzenia: angielski
Efekty uczenia się:

Wiedza:

The student should:

1. Understand the role of monetary policy in the overall economic policies of the modern state.

2. Know what the targets of monetary policy are and in what ways central banks conduct their policies.

3. Understand the interactions between private (real) sector and the monetary sector.

4. Have a deeper understanding of monetary processes, including monetary integration and the creation of new forms of money.

5. Know the types of monetary policy strategies.

Umiejętności:

The student should:

1. Correctly interpret the impact of monetary policy (and some other economic developments) on inflation, financial institutions and markets, and the real economy.

2. Correctly interpret the impact of economic developments and financial markets activity on monetary policy decision making.

3. Have the ability to understand international economic and monetary phenomena, including monetary innovation, from the central bank's point of view.

Kompetencje społeczne:

The student should:

1. Understand the role of monetary policy (goals, instruments, challenges) in historical and social contexts.

2. Have a critical understanding of different forms of money, monetary strategies and central banks.

Zajęcia w cyklu "Semestr letni 2024/25" (w trakcie)

Okres: 2025-02-15 - 2025-09-30
Wybrany podział planu:
Przejdź do planu
Typ zajęć:
Wykład, 30 godzin więcej informacji
Koordynatorzy: (brak danych)
Prowadzący grup: Zbigniew Polański
Lista studentów: (nie masz dostępu)
Zaliczenie: Przedmiot - Ocena
Wykład - Ocena
Skrócony opis:

Evolution of forms of money and monetary policy frameworks. Selected topics in monetary theory. Interest rates and exchange rates. The monetary transmission mechanism. Monetary policy goals and strategies. Conventional and unconventional monetary policy instruments. Monetary policy, the business cycle and asset price bubbles. Central banks, seigniorage and their financial results. The impact of globalization on central bank policies. Monetary policy in Poland and the euro area challenge.

Pełny opis:

To deepen students' knowledge on different forms of money (the digital ones included) as well as on the different approaches to the conduct of monetary policy and its impact on the economy, including financial markets. To show the influences of integration and globalisation processes on central bank policies.

Literatura:

Literatura podstawowa:

Polański Z., Szadkowski M. (2024): "Monetary policy under permanent excess liquidity: The case of Poland". In: Central Banking and Monetary Policy Implementation, ed by S. Kappes and L.-P. Rochon, Edward Elgar (forthcoming).

Zamora-Pérez A., Coschignano E., Barreiro L. (2022): Ensuring adoption of central bank digital currencies - An easy task or a Gordian knot?, European Central Bank Occasional Paper, No. 307.

Federal Reserve Board (2022): Money and Payments: The U.S. Dollar in the Age of Digital Transformation, Federal Reserve System.

Mishkin F. (2019): The Economics of Money Banking and Financial Markets,12th Edition, Global Edition, Pearson.

Polański Z. (2016): "Monetary Stabilization". In: Palgrave Dictionary on Emerging Markets and Transition Economics, eds J. Hoelscher and H. Tomann, Palgrave Macmillan, pp. 92-111.

Werner R. (2014): "Can banks individually create money out of nothing? - The theories and empirical evidence", International Review of Financial Analysis, No. 36.

Literatura uzupełniająca:

Polański Z., Szadkowski M. (2022): "Monetary policy normalization and central bank profits: A break-even point perspective", The Economists' Voice, December, pp. 161-186.

Niedźwiedzińska J. (2022): Inflation Targeting and Central Banks. Institutional Set-ups and Monetary Policy Effectiveness, Routledge.

Polański Z., Szadkowski M. (2021): "An accounting-based model of seigniorage, and recent monetary developments", Bank i Kredyt, Vol. 52, No. 5, pp. 391-436.

Elson A. (2021): The Global Currency Power of the US Dollar. Problems and Prospects, Palgrave Macmillan.

Polański Z. (2018): "Poland's Euro Adoption Perspectives", The Economists' Voice, pp. 1-5.

Polański Z. (2014): "Poland During the Crisis: A "Green Island" Approaching the Euro Area?". In: Poland and the Eurozone, ed J. Hoelscher, Palgrave Macmillan, pp. 165-189.

Bofinger P. (2001): Monetary Policy. Goals, Institutions, Strategies, and Instruments, Oxford University Press.

Uwagi:

Kryteria oceniania:

egzamin testowy: 100.00%

Zajęcia w cyklu "Semestr zimowy 2024/25" (zakończony)

Okres: 2024-10-01 - 2025-02-14
Wybrany podział planu:
Przejdź do planu
Typ zajęć:
Wykład, 30 godzin więcej informacji
Koordynatorzy: (brak danych)
Prowadzący grup: (brak danych)
Lista studentów: (nie masz dostępu)
Zaliczenie: Przedmiot - Ocena
Wykład - Ocena
Skrócony opis:

Evolution of forms of money and monetary policy frameworks. Selected topics in monetary theory. Interest rates and exchange rates. The monetary transmission mechanism. Monetary policy goals and strategies. Conventional and unconventional monetary policy instruments. Monetary policy, the business cycle and asset price bubbles. Central banks, seigniorage and their financial results. The impact of globalization on central bank policies. Monetary policy in Poland and the euro area challenge.

Pełny opis:

To deepen students' knowledge on different forms of money (the digital ones included) as well as on the different approaches to the conduct of monetary policy and its impact on the economy, including financial markets. To show the influences of integration and globalisation processes on central bank policies.

Literatura:

Literatura podstawowa:

Polański Z., Szadkowski M. (2024): "Monetary policy under permanent excess liquidity: The case of Poland". In: Central Banking and Monetary Policy Implementation, ed by S. Kappes and L.-P. Rochon, Edward Elgar (forthcoming).

Zamora-Pérez A., Coschignano E., Barreiro L. (2022): Ensuring adoption of central bank digital currencies - An easy task or a Gordian knot?, European Central Bank Occasional Paper, No. 307.

Federal Reserve Board (2022): Money and Payments: The U.S. Dollar in the Age of Digital Transformation, Federal Reserve System.

Mishkin F. (2019): The Economics of Money Banking and Financial Markets,12th Edition, Global Edition, Pearson.

Polański Z. (2016): "Monetary Stabilization". In: Palgrave Dictionary on Emerging Markets and Transition Economics, eds J. Hoelscher and H. Tomann, Palgrave Macmillan, pp. 92-111.

Werner R. (2014): "Can banks individually create money out of nothing? - The theories and empirical evidence", International Review of Financial Analysis, No. 36.

Literatura uzupełniająca:

Polański Z., Szadkowski M. (2022): "Monetary policy normalization and central bank profits: A break-even point perspective", The Economists' Voice, December, pp. 161-186.

Niedźwiedzińska J. (2022): Inflation Targeting and Central Banks. Institutional Set-ups and Monetary Policy Effectiveness, Routledge.

Polański Z., Szadkowski M. (2021): "An accounting-based model of seigniorage, and recent monetary developments", Bank i Kredyt, Vol. 52, No. 5, pp. 391-436.

Elson A. (2021): The Global Currency Power of the US Dollar. Problems and Prospects, Palgrave Macmillan.

Polański Z. (2018): "Poland's Euro Adoption Perspectives", The Economists' Voice, pp. 1-5.

Polański Z. (2014): "Poland During the Crisis: A "Green Island" Approaching the Euro Area?". In: Poland and the Eurozone, ed J. Hoelscher, Palgrave Macmillan, pp. 165-189.

Bofinger P. (2001): Monetary Policy. Goals, Institutions, Strategies, and Instruments, Oxford University Press.

Uwagi:

Kryteria oceniania:

egzamin testowy: 100.00%

Zajęcia w cyklu "Semestr letni 2023/24" (zakończony)

Okres: 2024-02-24 - 2024-09-30
Wybrany podział planu:
Przejdź do planu
Typ zajęć:
Wykład, 30 godzin więcej informacji
Koordynatorzy: (brak danych)
Prowadzący grup: (brak danych)
Lista studentów: (nie masz dostępu)
Zaliczenie: Przedmiot - Ocena
Wykład - Ocena
Skrócony opis:

Evolution of forms of money and monetary policy frameworks. Selected topics in monetary theory. Interest rates and exchange rates. The monetary transmission mechanism. Monetary policy goals and strategies. Conventional and unconventional monetary policy instruments. Monetary policy, the business cycle and asset price bubbles. Central banks, seigniorage and their financial results. The impact of globalization on central bank policies. Monetary policy in Poland and the Euro area challenge.

Pełny opis:

To deepen students' knowledge on different forms of money (the digital ones included) as well as on the different approaches to the conduct of monetary policy and its impact on the economy, including financial markets. To show the influences of integration and globalisation processes on central bank policies.

Literatura:

Literatura podstawowa:

Zamora-Pérez A., Coschignano E., Barreiro L. (2022): Ensuring adoption of central bank digital currencies ? An easy task or a Gordian knot?, European Central Bank Occasional Paper, No. 307.

Federal Reserve Board (2022): Money and Payments: The U.S. Dollar in the Age of Digital Transformation, Federal Reserve System.

Mishkin F. (2019): The Economics of Money Banking and Financial Markets,12th Edition, Global Edition, Pearson.

Polański Z. (2016): "Monetary Stabilization". In: Palgrave Dictionary on Emerging Markets and Transition Economics, eds J. Hoelscher and H. Tomann, Palgrave Macmillan, pp. 92-111.

Werner R. (2014): "Can banks individually create money out of nothing? - The theories and empirical evidence", International Review of Financial Analysis, No. 36.

Literatura uzupełniająca:

Polański Z., Szadkowski M. (2022): "Monetary policy normalization and central bank profits: A break-even point perspective", The Economists' Voice, December.

Niedźwiedzińska J. (2022): Inflation Targeting and Central Banks. Institutional Set-ups and Monetary Policy Effectiveness, Routledge.

Polański Z., Szadkowski M. (2021): "An accounting-based model of seigniorage, and recent monetary developments", Bank i Kredyt, Vol. 52, No. 5, pp. 391-436.

Elson A. (2021): The Global Currency Power of the US Dollar. Problems and Prospects, Palgrave Macmillan.

Polański Z. (2018): "Poland's Euro Adoption Perspectives", The Economists' Voice, pp. 1-5.

Polański Z. (2014): "Poland During the Crisis: A "Green Island" Approaching the Euro Area?". In: Poland and the Eurozone, ed J. Hoelscher, Palgrave Macmillan, pp. 165-189.

Bofinger P. (2001): Monetary Policy. Goals, Institutions, Strategies, and Instruments, Oxford University Press.

Uwagi:

Kryteria oceniania:

egzamin testowy: 100.00%

Zajęcia w cyklu "Semestr zimowy 2023/24" (zakończony)

Okres: 2023-10-01 - 2024-02-23
Wybrany podział planu:
Przejdź do planu
Typ zajęć:
Wykład, 30 godzin więcej informacji
Koordynatorzy: (brak danych)
Prowadzący grup: Jakub Borowski
Lista studentów: (nie masz dostępu)
Zaliczenie: Przedmiot - Ocena
Wykład - Ocena
Skrócony opis:

Evolution of forms of money and monetary policy frameworks. Selected topics in monetary theory. Interest rates and exchange rates. The monetary transmission mechanism. Monetary policy goals and strategies. Conventional and unconventional monetary policy instruments. Monetary policy, the business cycle and asset price bubbles. Central banks, seigniorage and their financial results. The impact of globalization on central bank policies. Monetary policy in Poland and the Euro area challenge.

Pełny opis:

To deepen students' knowledge on different forms of money (the digital ones included) as well as on the different approaches to the conduct of monetary policy and its impact on the economy, including financial markets. To show the influences of integration and globalisation processes on central bank policies.

Literatura:

Literatura podstawowa:

Zamora-Pérez A., Coschignano E., Barreiro L. (2022): Ensuring adoption of central bank digital currencies ? An easy task or a Gordian knot?, European Central Bank Occasional Paper, No. 307.

Federal Reserve Board (2022): Money and Payments: The U.S. Dollar in the Age of Digital Transformation, Federal Reserve System.

Mishkin F. (2019): The Economics of Money Banking and Financial Markets,12th Edition, Global Edition, Pearson.

Polański Z. (2016): "Monetary Stabilization". In: Palgrave Dictionary on Emerging Markets and Transition Economics, eds J. Hoelscher and H. Tomann, Palgrave Macmillan, pp. 92-111.

Werner R. (2014): "Can banks individually create money out of nothing? - The theories and empirical evidence", International Review of Financial Analysis, No. 36.

Literatura uzupełniająca:

Polański Z., Szadkowski M. (2022): "Monetary policy normalization and central bank profits: A break-even point perspective", The Economists' Voice, December.

Niedźwiedzińska J. (2022): Inflation Targeting and Central Banks. Institutional Set-ups and Monetary Policy Effectiveness, Routledge.

Polański Z., Szadkowski M. (2021): "An accounting-based model of seigniorage, and recent monetary developments", Bank i Kredyt, Vol. 52, No. 5, pp. 391-436.

Elson A. (2021): The Global Currency Power of the US Dollar. Problems and Prospects, Palgrave Macmillan.

Polański Z. (2018): "Poland's Euro Adoption Perspectives", The Economists' Voice, pp. 1-5.

Polański Z. (2014): "Poland During the Crisis: A "Green Island" Approaching the Euro Area?". In: Poland and the Eurozone, ed J. Hoelscher, Palgrave Macmillan, pp. 165-189.

Bofinger P. (2001): Monetary Policy. Goals, Institutions, Strategies, and Instruments, Oxford University Press.

Uwagi:

Kryteria oceniania:

egzamin testowy: 100.00%

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