This unit entry is for students who completed this unit in 2016 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.

ECF3143 - Economics of money and banking

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Economics

Coordinator(s)

Dr Qingyuan Du

Offered

Caulfield

First semester 2016 (Day)

Synopsis

This unit is designed to analyse the effect of money on the key economic variables such as interest rates, inflation, output and the workings of the banking sector. In addition, we will also examine the roles commerical banks and the central bank play in the process of money creation and implementation of monetary policies. The unit also teaches an economic approach to interpret today's information and policy decisions that can help you to predict future events and the effects those events can have on your own 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
acquire an understanding of the institutional structure of the banking system
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 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.