ECC3660 - Monetary economics - 2019

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.


Business and Economics

Organisational Unit

Department of Economics

Chief examiner(s)

Dr Giovanni Caggiano


Dr Giovanni Caggiano

Unit guides



  • First semester 2019 (On-campus)


ECC2000 and ECC2010 or equivalent


The unit develops and examines the theoretical and empirical relationship between monetary policy, real activity, and the financial markets. The fundamental principles are applied to the analysis and the interactions of the bond, the stock, and the money markets. The analysis of the conduct of optimal monetary policy will be developed in the context of a New Keynesian economic model. Recent examples and challenges of monetary policy conduct will be discussed with the help of the theoretical tools developed in the unit.


The learning goals associated with this unit are to:

  1. principal issues in contemporary monetary theory and policy
  2. nature and functions of the monetary system in a developed economy
  3. factors governing the relationship between monetary forces and economic activity
  4. principles, techniques and problems of implementing monetary policies;
  5. current controversies in monetary policy.


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