Monetary Theory and Policy

• The course Monetary Theory and Policy consists of weekly lectures, taught by Leopold von Thadden, Tuesday 16.15-17.45 in room HS III and weekly classes, taught by Alexey Cherepnev, Wednesday 12.15-13.45 in room HS I.

• The first lecture will be on April 23 and the first class will be on May 8.

• For more detailed course information please see the course overview.

• The course material for the lectures and the classes can be downloaded below. Please check this website regularly for updates.


The exam review (retake exam) takes place at office 01-145 on Tuesday, 5 November 2013, at 2:30 p.m. If you would like to see your exam, please send an email to macroeconomics(at)

The exam review takes place at the office 00-331 on Friday, 30.08.2013, at 14:00. If you would like to see your exam, please send an email to alexey.cherepnev(at)

Exam: For detailed information, please, refer to the cover sheet of the final exam.


Lecture 1

Lecture 2

Lecture 3

Lecture 5

Lecture 6

Lecture 7

Special Lecture 1

Special Lecture 2

Background Lectures:

Lecture 4

Problem Sets:

Problem Set 1

Problem Set 2

Problem Set 3

Problem Set 4

Problem Set 5

Problem Set 6

Problem Set 7


Problem Set 6 Code