Money and Prices: An Introduction to Monetarism

Our 6-week online course

• Would you like to be in touch with what is really happening in the worldwide economy?
• Would you like to learn more about how to predict the overall price levels of goods, services, and assets?

"Money and Prices presents unique insights into monetary policy and banking systems from a monetarist perspective. The course structure, led by leading academics who forecasted the return of inflationary pressures in the early stages of the global Covid-19 pandemic, is adequate for self-paced development. I highly recommend this course to anyone exploring alternatives to the predominant New Keynesian or Classical models in Macroeconomics."

G Sagnier

Who is this course aimed at?

'Money and Prices: An Introduction to Monetarism' is a CPD-accredited online course run over five lectures, revealing how money is created in modern economies, the effects of bank regulation on the overall economy and the impact of changes in the amount of money on asset and CPI prices and the business cycle.

The course focuses on the study of how central banks make policy decisions, and how they affect banks and the economy as a whole.

This programme is aimed at those already working in the economic and financial world who want to further enhance their knowledge and understanding and wishing to understand the policies of central banks. A basic understanding of macroeconomics is desirable but not required.

The course is also suitable for those studying Economics with an interest in monetary analysis and the study of what central banks do.

The programme is designed to give an optimal learning experience and fit in around a working week; with free access to the material 24/7, a support forum and tutor contact hours.

If you want something more in-depth, we recommend the University of Buckingham's online  Postgraduate Certificate in Money, Banking and Central Banking.

How to apply

The course has entry points in January, March, May, July, September and November 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 IIMR.

The course is competitively priced and we offer discounts for students  as well  as group discounts for companies and educational organisations.

To register on the course, or should you wish to know more, please send an email to enquiries@mv-pt.org.

Why the IIMR?

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. See below for the excerpt from one of our videos of June 2021, referring back to earlier videos of March, April, May, June and July of 2020, in which those predictions including the reasons underlying them were first made public. 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.

 Meet the team

Damian Pudner, Director of the Institute of International Monetary Research

A Master of Science in Money, Banking, and Central Banking (University of Buckingham), and with a successful career spanning 25 years in the City of London, Damian Pudner has a wealth of expertise in banking and finance.

 

Gail Grimston, Operations Manager, IIMR

Gail will be the main contact for all those undertaking the programme; having had previous experience as a programme administrator for Post Graduate students at the University of Buckingham as well as many years experience in secondary education.

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Expert Contributors:

• Philip Booth, IEA and St Mary’s University
• Forrest Capie, Bayes Business School
• John Greenwood, International Monetary Monitor
• Geoffrey Wood, University of Buckingham
• Gabriel Stein, Stein Brothers (UK)

Course structure

The course is structured as follows:

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 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.

You will be supported online by the IIMR team throughout the course. In addition, there will be set dates where you will be able to have a tutorial session with the IIMR staff. The date and time of this varies; please contact us for further details.

The course will require approximately 30 hours of reading, independent study and essay writing.