The topics to be covered in this course include an overview of tasks and responsibilities of a central bank/monetary authority; relationships of monetary policy to other forms of economic and financial stability policy; objectives of monetary policy; institutional and historical aspects of monetary policy; monetary policy transmission channels, interactions between monetary, fiscal, and exchange rate policies; tools of monetary policy; causes and dynamics of hyperinflations; forecasting methods for inflation, output, and financial variables; international aspects of central banking and monetary policy.