1.What is Hall’s model?

1.What is Hall’s model?

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Monetary Economics

Undergraduate Programmes 2016/17

Essay Assignment 2016-2017

For the coursework, you need to read the paper “UK Economic Policy and the Global

Financial Crisis: Paradigm Lost?” It can be downloaded from Moodle.

Apply the knowledge you’ve obtained from the course, and try to answer the following questions:

1.What is Hall’s model? (10 marks)

2.What are the main ideas behind monetarism? (10 marks)

3.What are the main ideas behind the New-Keynesian approach? (13 marks)

4.What was the main goal of monetary policy before the crisis? (10 marks)

5.What are its new goals after the crisis? Why? (13 marks)

6.How have the new goals been implemented? (10 marks)

7.What is the main problem with financial regulation (or banking policy)? (10 marks)

8.What would it be the main ingredient(s) of the new paradigm according to the authors? (10 marks)

9.Contemplating the current developments after the paper’s written. What is your own interpretation on the current monetary paradigm? (14 marks)

Overall word limit: 3000 words maximum.


The submission date is Friday 9th December 2016.

Your completed assignment must be submitted into Turnitin no later than 12 pmotherwise a mark of zero will be awarded.

Written assignments and dissertations/business projects must not exceed the word count indicated in the course handbook/assessment brief.

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Monetary Economics

Undergraduate Programmes 2016/17

The word count should:

§Include all the text, including title, preface, introduction, in-text citations, quotations, footnotes and any other items not specifically excluded below.

§Exclude diagrams, tables (including tables/lists of contents and figures), equations, executive summary/abstract, acknowledgements, declaration, bibliography/list of references and appendices. However, it is not appropriate to use diagrams or tables merely as a way of circumventing the word limit. If a student uses a table or figure as a means of presenting his/her own words, then this is included in the word count.

Examiners will stop reading once the word limit has been reached, and work beyond this point will not be assessed. Checks of word counts will be carried out on submitted work, including any assignments or dissertations/business projects that appear to be clearly over-length. Checks may take place manually and/or with the aid of the word count provided via an electronic submission.

Very occasionally it may be appropriate to present, in an appendix, material which does not properly belong in the main body of the assessment but which some students wish to provide for the sake of completeness. Any appendices will not have a role in the assessment - examiners are under no obligation to read appendices and they do not form part of the word count. Material that students wish to be assessed should always be included in the main body of the text.


Performance in the essay assessment for this module is judged against the following criteria:

Relevance to question(s)

Organisation, structure and presentation

Depth of understanding

Analysis and discussion

Use of sources and referencing

Overall conclusions


Students suspected of plagiarism, either of published work or the work of other students, or of collusion will be dealt with according to Department and College guidelines.



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