Ects : 3

Enseignant responsable :

• RICHARD DUTU

Volume horaire : 36

Description du contenu de l'enseignement :

Part 1: On the history of money and banking

Part 2: Money creation in the commodity money system and the fiat money system

Part 3: Monetary policy in today's fiat money system

Part 4: Financial crises and the deficiencies of the current monetary system

Part 5: Alternatives to the current monetary system: "free banking" and crypto-currencies

Part 6: A deeper look at crypto-currencies and decentralized finance (Defi)

Pré-requis obligatoires :

Undergraduate microeconomics and macroeconomics

Coefficient : Coefficient 2 (Master 1ère Année - Economie et Finance - Formation Initiale)<br /> Coefficient 1 (Master 1ère Année - Economie et Finance - Formation en Apprentissage)

Compétence à acquérir :

Course objective:

• Learn about the history of money and banking
• Learn about the process of money creation in both the commodity money system and the fiat money system
• Learn about monetary policy in the current monetary system
• Learn about financial crises and the deficiencies of the current monetary system
• Learn about alternatives to the current monetary system, namely "free banking" and crypto-currencies
• Learn about the blockchain technology, crypto-currencies and decentralized finance (Defi)

Mode de contrôle des connaissances :

One final 2-hour closed-book exam.

Bibliographie, lectures recommandées

In class.