Monetary Policy and Banking is one of the tracks of the MSc Economics. During your Master's you will follow 3 general courses and 4 track-specific courses. You will finish with a thesis. If you have excellent analytical and leadership abilities and it is your goal to use applied research to tackle complex real-life problems, you can participate in our Honours programme.
In this course you will learn about modern macroeconomic models. You will learn how to use these models to explain and evaluate recent events and policy interventions. For example, the effect of uncertainty on savings, welfare and investment, the causes and nature of unemployment and inflation and the role of monetary and fiscal authorities.
Microeconomics and Game TheoryPeriod 15
In this course you will learn to understand the workings and limitations of the market. You will learn how to analyse consumer and producer behaviour and how to use basic game theory. The central question is: what can markets do and when do they fail? What determines the outcome, and how does that depend on market structure?
Applied EconometricsPeriod 1Period 25
In this course you will learn about regression analysis. In applied economics this is a powerful tool to analyse empirical relationships. You will learn how to interpret estimation and testing results and build a satisfactory empirical model. You will follow lectures and take part in lab sessions to acquire practical econometric skills by making computer exercises.
Monetary TheoryPeriod 25
In this course, you look at monetary economics through a theoretical lens. You will specifically explore a money-in-the-utility-function model, cash-in-advance models and a shopping-time model. Also you will learn about optimal monetary policy and look at New Keynesian monetary economics.
International FinancePeriod 25
In this course you will study advanced topics in international financial and monetary relations, such as: modern exchange-rate theories including target-zone models and speculative attack models, recent currency crises and ways to prevent them, exchange rate policies and international capital mobility.
Financial Institutions and BankingPeriod 35
What are the key issues in bank management and the role of banks in the financial system? This is 1 of 2 core topics you will study in this course. The other core topic is the recent global financial crisis. How did it change the global financial system and the macroeconomy?
Public Finance and Fiscal PolicyPeriod 45
Get introduced to theory and empirics of fiscal policy and public finance. You will look at these subjects both from a short-run perspective (the business cycle) and the long-run perspective (sustainability and the intergenerational dimension).
Choose 1 of 2 electivesPeriod 45
You can choose between Economic Growth and Financial Regulation.
Research SeminarPeriod 4Period 55
ThesisPeriod 1Period 2Period 5Period 615
The academic programme culminates in a thesis, which allows you to engage with state-of-the-art data analysis and statistical techniques. The Master’s thesis is the final requirement for your graduation. It is your chance to dive deep into a topic in your field of choice (track) that you are enthusiastic about, and allows you to do an independent research project. A professor of your track will supervise and support you in writing your thesis.
If you are a student of the Economics MSc and you have a record of academic excellence, a critical mind and an enthusiasm for applied research, then our Economics Honours programme is a great opportunity for you.
Monetary policy and the financial system played a central role in the 2008 credit crisis. The European Central Bank was a key player in stabilising the Eurozone in the following debt crisis. We have realised that the financial system can work as a transmission channel through which problems in one country or sector can spread out and result in a worldwide recession. How to prevent this contagion? What is the role of expectations? And finally, how should monetary policy makers respond to these economic fluctuations?
This MSc perfectly blends my two passions: economics and policy analysis. It's a challenging programme, that teaches you hard and soft skills.Anouk Roethof Read about Anouk's experiences with this Master's
Examples of current newspaper headlines and relevant issues that could be discussed in your classroom.
- Does the transmission of monetary policy depend on inequalities within a country?
- Should central banks care about cryptocurrencies such as Bitcoin?
- Is the supply of public debt relevant for banks’ decisions to provide credit for firms’ long-term investments?
Internship and exchange
Once you have completed your curriculum, you will have the possibility of doing an internship or going on an exchange abroad. For international students, it is an excellent opportunity to experience the Dutch labour market.
Dutch language course
Are you interested in learning Dutch? There are various options available to maximise your Dutch experience and prepare for your future job in the Netherlands.
Many of our students are members of a study association. It is fun and useful for your future career at the same time. Faculty student associations are a great way to meet fellow students and future employers. They organise study trips (abroad), career events, weekly debates and social events. You can also purchase your textbooks and course syllabi at reduced rates.
Overview Study Associations
- Faculty student association Sefa
- International Student Committee (ISC,part of Sefa)
- International Student Network Amsterdam (ISN, part of Sefa)
- Study Association Actuarial Sciences, Econometrics and Operational Research (VSAE)
- Financial Study Association Amsterdam (FSA)
- Marketing Association Amsterdam (MAA)
- International study association (AIESEC)
Amsterdam has a thriving student community with many activities organised outside of the university’s grounds. You will find student associations focusing on networking, specific interests and sports. It is only at sororities and fraternities that you can expect an initiation ritual (hazing).
At university, you are entitled to make your voice heard and assess the quality of your own education. Students can participate in the discussion on the university's education policy in various ways, such as by joining the Programme Committee, the Faculty Student Council or the first-year focus group. You can also stand for election and dedicate your efforts to the programme and your fellow students.