Online programme: Money and Prices - An Introduction to Monetarism
An online introduction to monetarism course revealing how money is created in modern economies, the effect of bank regulation and the impact on asset and CPI prices because of changes in the amount of money in circulation.
A six-week online course
This course focuses on the study of how central banks make policy decisions, and how they affect banks and the economy as a whole. It is designed to fit around a working week, with free access to the material at any time, a support tutor and tutor contact session.
"I highly recommend this course to anyone exploring alternatives to the predominant New Keynesian or Classical models in macroeconomics."
G SAGNIER, FORMER STUDENT
FLEXIBLE TIMING
You choose when you want to start, with completion six weeks later.
VIDEO TUTORIALS
Learn from respected industry experts and economists with our pre-recorded content.
GREAT VALUE
We offer competitive pricing and discounts for students and groups.
Who it's suitable for
Money and Prices - An Introduction to Monetarism is a course aimed at people wishing to broaden their knowledge of economic theory, for example:
- Undergraduates
- People working in finance
- Investors
Why choose this programme?
The Institute is one of the leading proponents of monetarist theory. Based on our models which analyse the growth rate of the quantity of money, we correctly predicted as early as March 2020 that inflation would rise significantly in subsequent years. At that time, most people - crucially, including the chief economists of many Central Banks - believed that the Covid-19 crisis would be disinflationary, if not deflationary. Our research continues to add a much needed alternative perspective to macroeconomic thought.
Expert contributors
Philip Booth from IEA and St Mary's University.
Forrest Capie is Professor Emeritus of Economic History at Bayes Business School, City University, London.
John Greenwood from International Monetary Monitor.
Geoffrey Wood has lectured in Economics at the University of Warwick and in Banking and Finance at City University, London where he has been Professor since 1986.
Gabriel Stein from Stein Brothers, an independent macroeconomic commentator and forecaster.
Watch the programme introduction
How you'll learn
The course has no set entry point so you can choose when to start; however, you will be expected to complete it in no more than six weeks. Those who complete the course receive a certificate from the Institute.
You will be supported online by the Institute's team throughout the course. In addition, there will be an online tutorial session at a time convenient to you. The course will require approximately 30 hours of reading, independent study and essay writing.
If you want something more in-depth, we recommend the University of Buckingham's online Postgraduate Certificate in Money, Banking and Central Banking.
Course structure
Lecture 1: A restatement of the Quantity Theory of Money; why money matters.
Lecture 2: The industrial circulation and the financial circulation; how leakages between these two flows are responsible for significant macroeconomic and financial market developments.
Lecture 3: The real balances effect; how changes in the amount of money affect prices and national income.
Lecture 4: Central bank policies during and after the Global Financial Crisis; an assessment and policy challenges ahead.
Lecture 5: Covid-19 crisis.
A structured economic model is adhered to throughout and as such this course provides a solid basis for both strategic and tactical asset allocation decisions as well as macroeconomic forecasting.
Course Material: The course includes a comprehensive series of specialised readings and pre-recorded video interviews with distinguished economists to guide you through the major changes affecting the world of money in recent years. Professors P Booth (St Mary’s University and Vinson Centre, University of Buckingham), F Capie (Bayes Business School), G Wood (University of Buckingham), along with G Stein (Stein Brothers) and J Greenwood (International Monetary Monitor) will comment on topical policy issues and the challenges ahead for central banks and policy makers.
Assessment: You will be required to complete a case study at the end of each lecture; in addition a 2,500 word essay will be submitted at the end of the course to demonstrate your understanding of the course content and your ability to apply them to real life economic scenarios.
Delivery and support: The course will be entirely delivered on an educational portal online, where you will have access to video lectures and the learning material needed to go through each lecture’s content.
Course pricing
The course is competitively priced at £199 and we offer discounts for students as well as group discounts. Bespoke timings for companies and educational organisations are available, please enquire. Simply fill out the form below for more information.