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ECON13-305: Money and Monetary Policy


Monetary economics is concerned with the effects of monetary institutions and policy actions on economic variables such as inflation and interest rates. Money and monetary policy is an important decision-making consideration for managers in a variety of fields. This subject aims to provide a basic understanding of money and monetary policy with special reference to the Australian context. In the first half of the subject, the role of money in the economy, the structure of financial markets theories of money demand and the money supply and related topics are explored. The second part of the subject examines monetary policy with a special reference to The Fed and Reserve Bank of Australia.

Subject details

FacultyBond Business School
Semesters offered
  • September 2022 [Standard Offering]
  • September 2023 [Standard Offering]
Study areas
  • Business and Commerce
Subject fees
  • Commencing in 2022: $5,260
  • Commencing in 2023: $5,400

Learning outcomes

1. Explain the role and functions of central banks in the design and implementation of monetary policy for a specific country. 2. Apply monetary theory to analyse central bank policies. 3. Evaluate cross-country differences in monetary policy. 4. Demonstrate an understanding of the ethical considerations related to contemporary issues in monetary policy around the world.

Enrolment requirements

Requisites: ?


Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.

Assumed Prior Learning (or equivalent):

Restrictions: ?

Students must have completed 120 credit points prior to enrolling.

Subject outlines

Subject dates

Standard Offering
Enrolment opens18/07/2021
Semester start13/09/2021
Subject start13/09/2021
Cancellation 1?27/09/2021
Cancellation 2?04/10/2021
Last enrolment26/09/2021
Withdraw – Financial?09/10/2021
Withdraw – Academic?30/10/2021
Teaching census?08/10/2021