Monetary Economics is the study of monetary and financial variables in the economy, such as money, financial institutions and markets, interest rates, foreign exchange and the price level, and their determinants and interactions.This course aims to introduce students to the theoretical treatment of the flow of funds and its component parts, the importance of monetary policies and the financial markets. As such, the course encourages the students to attain the highest standards of academic excellence and consider how monetary and financial considerations are core in economic decisions, how these decisions may affect countries and the world, and how Central Banks and Governments have a role and a responsibility within their wide global community.