Undergraduate - UnitECF2331 - Macroeconomic and monetary policy

This unit entry is for students who completed this unit in 2013 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

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Level	Undergraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Berwick First semester 2013 (Day) Caulfield First semester 2013 (Day)
Coordinator(s)	Dr Sephorah Mangin

Synopsis

This unit examines the scope for policy to improve macroeconomic performance. It will cover: the cyclical behaviour of the economy; the role of monetary, fiscal and exchange rate policies in influencing economic activities; the implementation and operation of monetary policy; the relationship of exchange rates to monetary policy; major factors determining movements in interest rates and exchange rates in both the intermediate and long terms.

Outcomes

The learning goals associated with this unit are to:

understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
understand the importance of and the differences between monetary, fiscal, and exchange rate policies.
be able to critically assess macroeconomic policy
understand the implementation and operation of monetary policy
be familiar with economic factors which are of major interest to bankers and others operating in the finance industry.