Skip to content | Change text size

ECF2331 - Monetary theory and policy

6 points, SCA Band 2, 0.125 EFTSL

Undergraduate Faculty of Business and Economics

Leader: Dr Siang Ng


Caulfield First semester 2007 (Day)


Economic factors that are of major interest to bankers and others operating in the finance industry. The role of money in influencing economic activities. Implementation and operation of monetary policy, the relationship of exchange rates to monetary policy, the major factors determining movements in interest rates and exchange rates in both the intermediate and long terms, and important issues in monetary theory (the study of the effect of money on the economy) will be examined. The role of interest rates in the working of the macro business environment.


Distance - Written assignment: 30%
Examination (2 hours): 70%. On-campus - Class participation: 10%
Class test or written assignment: 20%
Examinaton (2 hours): 70%

Contact hours

3 hours per week


ECF1100 or ECF2100 and ECF1200 or ECF2200, or equivalent