Undergraduate - UnitECG3143 - Economics of money and banking

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	Gippsland Second semester 2013 (Day) Gippsland Second semester 2013 (Off-campus)
Coordinator(s)	Dr Ernesto Valenzuela

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.