ECC3660 - Monetary economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Larry Cook
Offered
Clayton First semester 2009 (Day)
Synopsis
Economics of financial assets, markets, intermediaries, regulation and innovation; money aggregates; behaviour of interest rates; loan 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.
Assessment
Within semester assessment: 25%
Examination (2 hours): 75%
Contact hours
3 hours per week
Prerequisites
ECC2000 and ECC2010 or equivalent