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
Organisational Unit
Coordinator(s)
Unit guides
Synopsis
The concept of money, the financial system and financial intermediation, the nature and roles of the Reserve Bank, banks and non-bank financial institutions. The role and interaction of financial markets and the determination of interest rates, foreign exchange markets and the determination of exchange rates, the interaction between foreign exchange and money markets and implication for policy.
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.
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)
Prerequisites
Students must have passed two units from the following: ECF1100 or ECG1101 or ECS1101 or ECW1101 or ECB1101 and ECB2331 or ECF2331 or ECG2730 or ECW2730 or ECS2730 before undertaking this unit.