Summer School on “Modern Monetary Policy and European Macroeconomics” (Maastricht, July/August 2023)

31 July – 4 August, 2023 | University of Maastricht, Netherlands

• ECTS credits: 2.0
• Coordinator: Dr. Dirk Ehnts

Modern Monetary Theory and European Macroeconomics

This course provides an introduction to Modern Monetary Theory (MMT). During the course, students will examine the balance sheets and transactions that are relevant for understanding modern money, with a focus on the Eurozone. Furthermore, alternative explanations are brought forward that include, among others, the idea that governments spend first and collect taxes later. This is the 7th edition of the class, with the last one scoring around 9.0/10 in the evaluation of last year. The course is open to students of all disciplines as well as non-students. No prior knowledge of economics or monetary theory is needed. Lectures are scheduled for mornings.

Goals 

• Knowledge of central banks and monetary policy
• Understanding the operations of the Treasury and fiscal operations
• Grasp of the credit creation and clearing process in the banking system
• Ability to aggregate balance sheets in order to use sectoral balances as a tool for macroeconomics
• Insights on the economic history of the eurozone, its crisis and possible remedies

Recommended literature: Ehnts, Dirk. 2017. Modern Monetary Theory and European Macroeconomics, Abingdon: Routledge (ISBN hardcover and ebook: 978-1-138-65477-8 and 978-1-315-62303-0)

• Instruction language: English
• Prerequisites: none
• Teaching methods: PBL
• Assessment methods: written mid-term exam, final paper 

Link the summer school is available here. Application for the summerschool can be made here.

Application Deadline: 1 July 2023