Money and banking
Not offered until 1998
Mr Mick Crowley and Ms Judith Tennant
6 points
* One 2-hour lecture and one 1-hour tutorial per week
*
Second semester
* Berwick
* Prerequisites: GBU1102, GBU2104
Objectives Building on the foundations of macroeconomics and microeconomics, this subject aims to extend and deepen knowledge of the theoretical structure of an open economy, with particular emphasis on monetary policy formulation and implementation. Students will acquire an understanding of the institutional structure of the Australian financial system in order to develop skills in creative analysis and prediction when faced with internal and external market shocks. This will be achieved within the framework of a general equilibrium model that allows for competitive international capital markets and floating exchange rates.
Synopsis The subject covers the concept of money, the financial system and financial intermediation, the nature and roles of the Reserve Bank, banks, money market dealers and non-bank financial institutions. It deals with 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 and Reserve Bank prudential regulation.
Assessment Two assignments (each 2000 words) 30%
* Examination (3
hours): 70%
* Students must obtain a satisfactory result in all areas of
assessment
Prescribed texts
CCH (eds) Master tax guide latest edn CCH
Wallschutzky I G and Payne G L Tax questions and answers Butterworths, 1994
Woellner R H and others Australian tax law 4th edn, CCH, 1994
Current legislation
| Published by Monash University, Clayton, Victoria
3168 Copyright © Monash University 1996 - All Rights Reserved - Caution Authorised by the Academic Registrar December 1996 |