Learning Module 4 of Economics 6–9% of the exam
Monetary Policy
4 lessons. About 0 minutes in cram mode, 0 minutes in full.
Lessons for this module are being written. The outcomes and lesson plan below are final.
Lessons
- 1 Role of Central Banks
Coming soon
- 2 Monetary Policy Tools and Monetary Transmission
Coming soon
- 3 Monetary Policy Objectives
Coming soon
- 4 Interaction of Monetary and Fiscal Policy
Coming soon
What the exam expects you to do
- Describe the roles and objectives of central banks.
- Describe tools used to implement monetary policy tools and the monetary transmission mechanism, and explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates.
- Describe qualities of effective central banks; contrast their use of inflation, interest rate, and exchange rate targeting in expansionary or contractionary monetary policy; and describe the limitations of monetary policy.
- Explain the interaction of monetary and fiscal policy.