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Central bank and monetary policy

ВК 3.1

Вибіркова дисципліна для ОП

Second

2021/2022

3 Semester

4

PLO 2. Develop, substantiate and make effective decisions on the development of socio-economic systems and management of economic entities. PLO 4. Develop socio-economic projects and a system of all-inclusive actions for their implementation, taking into account the goals, expected socio-economic outcomes, risks, legislative, resource, and other constraints. PLO 6. Assess personal performance, demonstrate leadership skills to manage staff and work as part of a team. PLO 8. Collect, process, and analyze statistical data, scientific and analytical materials needed for solving complex political and economic problems.

Full-time form

1. knowledge of the theoretical foundations of economic theory, microeconomics, macroeconomics, money and credit, and the financial market; 2. ability to analyze, evaluate and interpret statistical data and present the results of analytical and research work, taking into account various uncertain situations; 3. possession of modern methods of collecting, processing, and analysis of economic information, basic skills of mathematical modeling and forecasting, techniques and tools of analytical work in Excel, fundamental skills of public speaking

The course is devoted to studying the preconditions for the central bank's emergence, evolution, role, and function. The discipline reveals central banks' main tasks and activities in the organization and regulation of money circulation, regulation of financial institutions, and regulation of payment systems and settlements. The discipline includes the following topics: Genesis of central banks Specifics of the functioning of central banks Fundamentals of monetary policy Targeting money supply and exchange rate targeting Inflation targeting Fundamentals of macroprudential policy The role of central banks in creating national payment systems Oversight of payment systems

1. Центральний банк і монетарна політика: підручник / кол. авторів; за ред. Н.В. Приказюк. К.: ФОП Ямчинський О.В., 2021. 380 с. 2. Версаль Н.І. Фінансові шоки в банківській системі України: теорія, практика та шляхи адаптації: монографія. К.: ФОП Ямчинський О.В., 2019.- 470с. 3. Stracca L. The Economics of Central Banking [Internet]. Taylor and Francis; 2018. Available from: https://www.perlego.com/book/1578809/the-economics-of-central-banking-pdf 4. Levin, A. The Design and Communication of Systematic Monetary Policy Strategies // Journal of Economic Dynamics and Control. 2014. № 49. P. 52–69. 5. Lepushynskyi, V. (2015). A Strategic Document on Monetary Policy for the Period of the Inflation Targeting Adoption in Ukraine. Visnyk of the National Bank of Ukraine, 233, 24-38. https://doi.org/10.26531/vnbu2015.233.024

ectures, seminars, independent work, report (poster), case study (performance of creative analytical calculation works, presentations)

1. Work on seminars 2. Report on the problem and preparation of the poster, teamwork of 2-3 people. 3. Case , work in a team of 3-5 people. 4. Modular tests and final control.

Ukrainian