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Ashley Bacon, Chief Risk Office of JP Morgan, holds a degree in Monetary Economics from the London School of Economics.

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London School of Economics History
''' London School of Economics (LSE), also known as The London School of Economics and Political Science, is a public university located in London, England. It was founded in 1895 for the “betterment of society” by Beatrice and Sidney Webb, Graham Wallas and George Bernard Shaw.

In 1900, LSE joined the federal University of London. In 1902, the School became the University’s Faculty of Economics and awarding degrees of the University. The Department of Social Science and Administration was founded in 1918. Following its absorption into the University of London from 1902, all degrees were awarded by the federal university. However, in 2008, LSE was granted to award its own degrees. Students who enroll from the 2008 academic year onwards will now receiving degrees from LSE.

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Programs, Degrees, and Academic Year
''' LSE is the only university in the United Kingdom that dedicated to the study and research of social sciences. It awards a wide range of academic degrees such as bacholors, masters and PhDs. LSE research and teaching is organized into a system of independent academic departments. There are currently 27 academic departments including Department of Economics History and Department of Economics.

LSE offers over 140 Master of Science programs, 5 Master of Public Administration programs, 30 Bachelor of Science programs, 4 Bachelor of Arts programs, 35 PhD programs, an LLM and an LLB. LSE has not yet adopt semesters structure but continues to apply a three-term structure. Michaelmas term runs from October to mid-December, Lent term from mid-January to late March, and Summer term starts from late April to mid-June.

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Department of Economics
 Undergraduate economics programs'''will be teaching in a combination of traditional tools of economic analysis with new course content and pedagogical approaches. Classes will allow students to engage with real world problems and experiment with different approaches to delivery of material.

LSE offers three single honor degrees in Economics, Econometrics and Mathematical Economics, and in Economics with Economic History. It also offers a four-year undergraduate degree in Philosophy, Politics and Economics, combing the disciplines of philosophy, politics and economics. A degree in Economic helps preparing students for a career in a wide range of employments such as government and central banks, financial services, research, and consulting.

Master of Science Economics degree concentrates on the core elements of economic theory, macroeconomics and econometrics. The one year program is for students with strong undergraduate degree in economics, while the two-year program is for students who is quite lack the necessary knowledge in quantitative techniques.

PhD Economics program is a competitive program with students from different backgrounds, pursuing research in all fields economics. The Department offers research infrastructure, advanced field seminars and opportunities for informal interaction and feedback from faculty. PhD students are integrated in the research community and work closely with a team of faculty and staff to make sure all students achieve their potential on the market every year. LSE Economic PhD Program is a 2-year coursework.

In the Monetary Economics course, there will be a study of money’s role as a medium of exchange and the determination of the price level using money-in-the-utility-function and cash-in-advance models. The class will be looking further into reasons for holding money by applying search theory. It also has the study of money’s role as a unit of account and the consequences of nominal rigidities such as sticky prices, which will include analyze the costs of inflation and optimal monetary policy, and the unconventional monetary policies when a central bank is constrained by the interest-rate lower bound. The course would also look at the firms’ price-setting behavior and its implications for the size of the real effects of monetary policy.

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