units

ECW3143

Faculty of Business and Economics

18 September 2017 18 November 2024
Monash University

Undergraduate - Unit

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.

print version

6 points, SCA Band 3, 0.125 EFTSL

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LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedBerwick Second semester 2013 (Day)
Sunway Second semester 2013 (Day)
South Africa Second semester 2013 (Day)
Coordinator(s)Dr Ratbek Dzhumashev (Berwick), Dr Eduard Bomhoff (Malaysia), Dr Joel Eita (South Africa)

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:

  1. develop a knowledge of the theoretical structure of an open economy with particular emphasis on monetary policy formulation and implementation
  2. develop skills in analysis and prediction for the key economic variables when the economy is faced with internal and external market shocks
  3. 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: 70%

Chief examiner(s)

Dr 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