Faculty of Business and Economics

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Monash University

Monash University Handbook 2011 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

FacultyFaculty of Business and Economics
OfferedBerwick Second semester 2011 (Day)
Gippsland Second semester 2011 (Day)
Sunway Second semester 2011 (Day)
South Africa Second semester 2011 (Day)
Coordinator(s)Dr Ratbek Dzhumashev


The concept of money, the financial system and financial intermediation, the nature and roles of the Reserve Bank, banks and non-bank financial institutions. The role and interaction of financial markets and the determination of interest rates, foreign exchange markets and the determination of exchange rates, the interaction between foreign exchange and money markets and implication for policy and APRA's prudential regulation.


The learning goals associated with this unit are to:

  1. extend and deepen their knowledge of the theoretical structure of an open economy, with particular emphasis on monetary policy formulation and implementation
  2. acquire an understanding of the institutional structure of the Australian financial system, in order to develop skills in creative analysis and prediction when faced with internal and external market shocks, achieved within the framework of a general equilibrium model that allows for competitive international capital markets and floating exchange rates.


Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Ratbek Dzhumashev

Contact hours

3 hours per week


Students must have passed two units from the following: ECG1101 or ECW1101 and ECW2120 or ECG2730 or ECW2730 before undertaking this unit.