ECC3660

Monetary economics

(BUS)

Dr Jamie Haag

6 points + Two 1-hour lectures and one 1-hour tutorial per week + First semester + Clayton + Prerequisite: ECC2000 and ECC2010 or equivalent

Synopsis: Money, debt, and financial intermediation; the demand for money; identifying strategic monetary aggregates; the money supply and economic activity; monetarism and its policy implications; determinants of the money supply; financial markets and interest rates; wealth and economic decision making; the control of inflation; monetary implications of fiscal policy; the implementation of monetary policy and the role of the central bank; the international monetary mechanism and the question of an appropriate exchange rate regime.

Assessment: In-course assessment: 50% + Examination (2 hours): 50%