To enable students to acquire fundamental theoretical knowledge of monetary economics. To cover the significance and role of money and the institutions that issue it. To evaluate the effects of monetary policy.
Non-monetary economics. Monetary economics. The science of money. Forms of money. Money substitutes. Creation and destruction of money. Monetary theories. Monetary 306 systems. Monetary unions. Changes in the value and purchasing power of money. Functions of money. Monetary aggregates. Types of currency convertibility. Credit. Multiplication of deposits and expansion of credit. Savings and investments. Interest. Banking and financial institutions. Instruments of monetary policy. Money in international payments. Croatian monetary history.
After completing the course, the student will be able to:
1. evaluate the significance of monetary economics
2. analyse the phases of the creation, use, and destruction of money
3. describe the role and functioning of monetary institutions
4. identify the goals and instruments of monetary policy
5. critically evaluate the role of monetary integrations in the development of money matters
6. valorise Croatian monetary history
