About this Course
5.0
4 ratings
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100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 11 hours to complete

Suggested: 3-4 hours per module...
Available languages

English

Subtitles: English...
100% online

100% online

Start instantly and learn at your own schedule.
Flexible deadlines

Flexible deadlines

Reset deadlines in accordance to your schedule.
Intermediate Level

Intermediate Level

Hours to complete

Approx. 11 hours to complete

Suggested: 3-4 hours per module...
Available languages

English

Subtitles: English...

Syllabus - What you will learn from this course

Week
1
Hours to complete
3 hours to complete

Monetary Policy Implementation

Welcome to the first module! This module will focus on the microeconomics of monetary policy implementation. We study how the central bank balances supply against demand in liquidity markets to target the key interest rate on interbank lending and influence money markets. ...
Reading
19 videos (Total 97 min), 6 readings, 1 quiz
Video19 videos
Monetary Policy Framework8m
1.0 Monetary Policy Implementation Overview4m
1.1 Central Banks9m
1.1 Central Banks Concept Checkm
1.2 Interbank Interest Rates4m
1.2 Interbank Interest Rates Concept Check1m
1.3 Liquidity Preference Model11m
1.3 Liquidity Preference Model Concept Checkm
1.4 Open Market Operations11m
1.4 Open Market Operations Concept Check2m
1.5 Operational Target7m
1.5 Operational Target Concept Checkm
1.6 Interest Rate Corridor8m
1.6 Interest Rate Corridor Concept Check1m
1.7a Money Markets Expectations Theory Part 16m
1.7b Money Markets Expectations Theory Part 28m
1.7 Expectations Theory Concept Check2m
1.8 Monetary Policy Implementation Summary3m
Reading6 readings
Course Outline5m
Assignments and Grading3m
Asia-Pacific Central Banks5m
Concept check videos with interactive questionsm
Suggested Reading List for Monetary Policy Implementation5m
News articles for Interest Rate Corridor Case10m
Quiz1 practice exercise
Quiz 1 - Monetary Policy Implementation20m
Week
2
Hours to complete
3 hours to complete

Monetary Policy Strategy

Welcome to Module 2! This module will focus on the macroeconomics of monetary policy strategy. We study the how (and why!) the central bank sets monetary policy in response to business cycle conditions in order to achieve a smooth and predictable inflation target. ...
Reading
18 videos (Total 104 min), 2 readings, 1 quiz
Video18 videos
2.1a Inflation and Real Rates Part 17m
2.1a Inflation and Real Rates Concept Check1m
2.1b Inflation and Real Rates Part 29m
2.1b Inflation and Real Rates Concept Check2m
2.2 Benefits of Price Stability8m
2.2 Benefits of Price Stability Concept Check1m
2.3 Causes of Inflation Volatility10m
2.3 Causes of Inflation Volatility Concept Checkm
2.4 Monetary Policy Transmission13m
2.4 Monetary Policy Transmission Concept Check1m
2.5 Inflation Targeting Structure10m
2.5 Inflation Targeting Structure Concept Check1m
2.6 Inflation Targeting: Conduct12m
2.6 Inflation Targeting: Conduct Concept Check1m
2.7 Unconventional Monetary Policy12m
2.7 Unconventional Monetary Policy Concept Check1m
2.8 Monetary Policy Strategy Summary4m
Reading2 readings
Suggested Reading for Monetary Policy Strategy5m
News articles for Inflation Targeting Case5m
Quiz1 practice exercise
Quiz 2 - Monetary Policy Strategy20m
Week
3
Hours to complete
3 hours to complete

Monetary Policy and Exchange Rates

This module will focus on the various interactions between monetary policy and exchange rates. We study how monetary policy affects the balance of supply and demand in foreign exchange markets and policies required to stabilize the relative value of domestic currency...
Reading
16 videos (Total 98 min), 2 readings, 1 quiz
Video16 videos
3.1 Exchange Rate Volatility12m
3.1 Exchange Rate Volatility Concept Check4m
3.2 Balance of Payments Model10m
3.2 Balance of Payments Model Concept Check2m
3.3 Floating Exchange Rates8m
3.3 Floating Exchange Rates Concept Check1m
3.4 Interest Parity13m
3.4 Interest Parity Concept Check2m
3.5 Inflation Stabilization7m
3.5 Inflation Stabilization Concept Check1m
3.6 Foreign Exchange Intervention8m
3.6 Foreign Exchange Intervention Concept Check2m
3.7 Fixed Exchange Rates12m
3.7 Fixed Exchange Rate Concept Check2m
3.8 Monetary Policy & Exchange Rates Summary4m
Reading2 readings
Suggested Reading for Monetary Policy and Exchange Rates5m
News articles for US Rate Tightening Case5m
Quiz1 practice exercise
Quiz 3 - Money Markets and Monetary Policy20m
Week
4
Hours to complete
1 hour to complete

Bringing it all together

Welcome to the final exam module! This module discusses regional approaches to exchange rate stabilization in Singapore and China. This supplementary material should help you tie together the application of concepts from the previous modules. However, only materials from Modules 1-3 will be directly covered in the final exam. ...
Reading
4 videos (Total 27 min), 2 readings, 2 quizzes
Video4 videos
4.1 Basket Peg and Singapore10m
4.2 Currency Controls in China11m
Monetary Policy in the Asia Pacific Course Wrap-up3m
Reading2 readings
Suggested Reading5m
Please rate the course! :)5m
Quiz2 practice exercises
Final Exam45m
Tell us what you think of this course!5m

Instructor

Avatar

David Cook

Professor
Department of Economics

About The Hong Kong University of Science and Technology

HKUST - A dynamic, international research university, in relentless pursuit of excellence, leading the advance of science and technology, and educating the new generation of front-runners for Asia and the world....

Frequently Asked Questions

  • Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.

  • When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.

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