The purpose of this course is to enable students to acquire sufficient knowledge of monetary theory and policy. The course content is designed to ensure that the state of the art of monetary theory is given sufficient exposition, while at the same time introducing the role of monetary policy in developing countries. The course adequately prepares students for advanced research and practice in the area plus policy analysis and implementation. Additional required readings are provided in the course outline and many more may be incorporated as the course proceeds. Assessment of this course will be based on continuous assessment, practice exercises and final examination at a designated location and date. However, at the end of each section are activities/questions/tasks, which Students will be asked to complete to demonstrate their understanding of the subject matter. Students are therefore strongly encouraged to work through the practice exercises at the end of each section.