units

ECF5923

Faculty of Business and Economics

18 September 2017 27 December 2024

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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.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Postgraduate - 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 Sephorah Mangin

Offered

Caulfield

  • First semester 2016 (Day)

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:

  1. understand the theoretical and practical importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
  2. understand the importance of and the differences between monetary, fiscal and exchange rate policies
  3. be able to critically assess macroeconomic policy
  4. understand the implementation and operation of monetary policy and critically assess its impact on the national economy
  5. be familiar with economic factors which are of a major interest to stakeholders in the banking and finance industries.

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 Sephorah Mangin

Co-requisites

Students must be enrolled in course 3842 or course 4439 to undertake this unit.

Prohibitions

ECF2331