Dear students,

we are happy to announce another student-lead seminar for the upcoming summer semester. It is a two-part course suitable for all students interested in learning how a modern financialized economy functions. There are no prerequisites but an undergraduate course in macroeconomics will be helpful to get the most out of the second part of the course. The first part will continue in the tradition of the seminar Political Economy of Finance (WiSe 17/18) by Mathis Richtmann. The credit theory of money, the banking system, shadow banking and financial instability will be central themes. The second part will relate these themes to the big picture of monetary economics and central bank policy implementation.

The seminar is organized as weekly reading and discussion sessions and we welcome all students to join us. The first session will be on April 18th from 12 to 2pm and takes place at PFH 6.101. The room is located in the building at Weender Landstr. 3 on the 6th floor. It is a university room rented at Private Fachhochschule Göttingen. You can find more detailed directions to the room on Stud.IP. Since this seminar is part of Göttingen University curriculum you may be eligible for ECTS. This definitely is the case for students of the faculty of economics studies (economics, business administration, BA- and MA-level).

From the seminar outline:

“In this seminar we want to focus on the functioning of the modern financialized economy. The financial system can facilitate economic growth and give entrepreneurs access to funding needed to develop new products and processes, while at the same time financial crisis reveal the devastating effect that finance can have on the economy. This seminar takes a closer look at the institutional details of the modern financial system. This includes reading and discussing texts on money creation, modern banking systems, shadow banking, and financial instability. In the second part of the seminar we will study how different schools of monetary economics look at money, banking and the economy. Studying the New Keynesian, Post Keynesian and Austrian approaches to macroeconomics will paint a more complex picture of the competing theories in the field of monetary economics.
This is a student-lead seminar jointly organized by the Kritische Wirtschaftswissenschaften Göttingen and the Chair of Economic Policy, Prof. Bizer. The idea is to read and discuss selected articles in class. In order to take the seminar for credit you are encouraged to write a short seminar paper on a topic of interest that is related to the course.
To get a feeling of what this course will be about, I encourage you to read “Money creation in the modern economy” by the Bank of England (2014) before our first session.”

Here the Link to UniVZ: Here the link to UniVZ:

We are looking forward to seeing you soon!