units

ECG3143

Faculty of Business and Economics

18 September 2017 22 November 2024
Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2015 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

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

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedGippsland Second semester 2015 (Day)
Gippsland Second semester 2015 (Off-campus)

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: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Dr Sisira Colombage

Prerequisites

Students must have passed one of ECW1101 or ECG1101 and one of ECG2730 or ECS2730 or ECW2730 before undertaking this unit.

Prohibitions

ECB3143, ECS3143, ECW3143