The course focuses on the issues of monetary policy implementation in the context of closed and open economies. It covers topics of money creation and monetary transmission mechanisms, inflation and expectations, neutrality of money. Further, it examines the term structure of the interest rates and extends discussion to the international dimension. The most important topics of open monetary economics are introduced- the interest rate and purchasing power parity conditions, the exchange rates regimes.

This course provides students with an introduction to the theory and practice of Econometrics, and experience in estimating econometric models with actual data. The course mainly focuses on techniques for estimating regression models, on problems commonly encountered in estimating such models, and on interpreting the estimates from such models. It covers the basic econometric concepts, simple and multiple regression analysis, basic econometric problems, simultaneous-equation models, panel data regression models, and time series econometrics. The course will be taught through lectures, practical sessions and tutorials. Software packages will be used in practical sessions.