Undergraduate - UnitECW3143 - Economics of money and banking

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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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, or view unit timetables.

Level	Undergraduate
Faculty	Faculty of Business and Economics
Offered	Berwick Second semester 2012 (Day) Gippsland Second semester 2012 (Day) Sunway Second semester 2012 (Day) South Africa Second semester 2012 (Day)
Coordinator(s)	Dr Ratbek Dzhumashev

Synopsis

This unit is designed to analyse the effect of money on key economic variables such as interest rates, inflation, output, and on the workings of the banking sector. In addition, the unit examines the roles played by Commercial Banks and the Central Bank in the process of money creation and the implementation of monetary policy. The unit uses an economic approach to allow analysis of policy decisions.

Outcomes

The learning goals associated with this unit are to:

develop a knowledge of the theoretical structure of an open economy with particular emphasis on monetary policy formulation and implementation
develop skills in analysis and prediction for the key economic variables when the economy is faced with internal and external market shocks
be able to use an economic model that allows for competitive international capital markets and floating exchange rates to analyse policy measures.

Assessment

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

Chief examiner(s)

Professor Eduard Bomhoff

Contact hours

3 hours per week

Prerequisites

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

Prohibitions

ECG3143 and ECF3143