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.
- Second semester 2017 (Day)
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.
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.
Within semester assessment: 40% + Examination: 60%
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
Students must have passed two units from the following: ECB1101 or ECG1101 or ECS1101 or ECW1101 and ECB2331 or ECG2730 or ECS2730 or ECW2730 before undertaking this unit.