Money and Prices.
An introduction to monetarism
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.
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?
Our on-line course could be a great way to achieve these goals.
A CPD accredited programme 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.
In most contemporary macroeconomics
models and research programmes money
is but a scant afterthought - if considered at all.
Prof. Tim Congdon
Institute of International Monetary Research
The research being produced by the Institute of International
Monetary Research is of the highest quality, and it is timely. For me
and my students at the Johns Hopkins University, the IIMR is a "goto," invaluable resource.
Prof. Dr. Steve H. Hanke
The Johns Hopkins University
The IIMR’s online programme provides a useful and stimulating introduction into monetary theory and its recent history. Students of central banking, macroeconomic policy and financial markets will greatly benefit from the lectures and other programme materials. I congratulate the Institute for their success in putting together this programme.
Meet your tutor:
Dr Juan Castaneda, Director, IIMR and Senior Lecturer, University of Buckingham
Doctor of Economics since 2003 (UAM University at Madrid) and senior lecturer in Economics at the University of Buckingham since 2012, Juan Castañeda has experience working and researching in monetary policy and central banking.
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.
Philip Booth, IEA and St Mary’s University
Forrest Capie, CASS Business School
John Greenwood, Invesco
Geoffrey Wood, University of Buckingham
Gabriel Stein, Stein Brothers (UK)
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 (Cass Business School), G Wood (University of Buckingham), along with G Stein (Stein Brothers) and J Greenwood (Invesco) 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 course will require approximately 30 hours of reading, independent study and essay writing
Who is this course aimed at?
This online programme is aimed at those already working in the economic and financial world that 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. 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 fit in around a working week; with free access to the material 24/7, a support forum and tutor contact hours.
How to apply:
The course will be run over the year with 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.
To register on the course, or should you wish to know more, please send an email to firstname.lastname@example.org .
We offer discounts for companies and educational organisations and also for students.
The purpose of the Institute of International Monetary Research is to demonstrate and bring public attention to the strong relationship between the quantity of money on the one hand, and the levels of national income and expenditure on the other.
The Institute was established in 2014 as a ‘charitable incorporated organisation’, and is associated with the University of Buckingham in England.
For more information on the Institute of International Monetary Research please visit our website http://www.mv-pt.org