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ECC3660 - Monetary economics

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Dr Larry Cook


Clayton First semester 2007 (Day)


Economics of financial assets, markets, intermediaries, regulation and innovation; money aggregates; behaviour of interest rates; loanable funds analysis; risk and term structure of interest rates; adverse selection and moral hazard; independence of central banks; determinants of the money supply and the conduct of monetary policy in Australia; theories of money demand; money supply and economic activity; Keynesian-monetarist debate; transmission mechanisms of monetary policy; money and inflation; monetary implications of budget deficits; volatility in foreign exchange markets; the international financial system; capital controls; role of the IMF; international monetary policy strategy.


In-course assessment: 25%
Examination (2 hours): 75%

Contact hours

Three contact hours per week


ECC2000 and ECC2010 or equivalent