June 22, 2020 Print

The Institute of International Monetary Research (IIMR) has successfully launched Money and Banking: and how they affect the overall economy, a four-week online training program that is accredited as Continuing Professional Development (CPD) in the United Kingdom. The program includes online lectures, readings, and supporting videos and is geared toward those already working in macroeconomics and finance. Participants can complete the program on their own time while working full-time. Employees of Atlas Network partners have until June 30, 2020 to register at a reduced price of £50 (normally £100).

“Anyone interested in understanding the economic and financial world after COVID-19 must be able to assess the impact of central bank policies in the economy and ultimately in our livelihoods; this course provides a comprehensive introduction to these fundamental topics by leading experts in the field,” said IIMR’s Sophie Sandor.

The course’s overall focus is on how central banks make policy decisions and how these decisions affect the economy. This topic is especially relevant in light of the COVID-19 pandemic and the response of central banks around the world. The program includes an introduction from economist Tim Congdon and contributions from other economists such as Forrest Capie, Geoffrey Wood, Gabriel Stein, Philip Booth, and John Greenwood.

Although the program was not constructed in response to the current pandemic, an extensive online course is especially attractive to people who wish to further their knowledge of finance. This course is an introduction course to future programs, such as alternatives to the national currency and new means of exchange and asset prices (a guide to macroeconomic forecasting). With time, the IIMR hopes to open this program to all financial institutions to educate as many people as possible.

There are four lectures comprising the program. The first lecture focuses on key concepts of monetary analysis. The second lecture discusses how two flows of a transaction—current transactions such as income expenditure and the financial circulation such as shares and assets—interact. The third lecture is about the relationship between money and spending, known as the “real balance effect.” The fourth lecture discusses how policymakers have acted since the financial crisis of 2008.

Atlas Network partners have until June 30, 2020 to register for the course at a reduced price of £50 per employee; otherwise, it is priced at £100. Registration must be completed at least four weeks prior to the start of the course. To register, visit www.mv-pt.org. For additional questions and more information, e-mail enquiries@mv-pt.org.