ECON13-305: Money and Monetary Policy

Description

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 are an important decision-making considerations for managers in a variety of fields. This subject aims to provide a foundational understanding of money and monetary policy with special reference to the Australian context. Specific topics include the role of money in the economy, the structure of financial markets, financial regulations and monetary policy.

Subject details

Type:	Undergraduate Subject
Code:	ECON13-305
EFTSL:	0.125
Faculty:	Bond Business School
Credit:	10
Study areas:	Business, Commerce, and Entrepreneurship
Subject fees:	Commencing in 2025: $4,460.00 Commencing in 2025: $5,990.00

Learning outcomes

Explain the role and functions of central banks in the design and implementation of monetary policy for a specific country.
Apply monetary theory to analyse central bank policies.
Evaluate cross-country differences in monetary policy.
Demonstrate an understanding of the ethical considerations related to contemporary issues in monetary policy around the world.
Demonstrate the ability to produce a written report that communicates ideas clearly, cogently, and thoroughly, using a professional style and format.

Enrolment requirements

Requisites:	Nil
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): ECON12-202: Macroeconomics
Restrictions:	Students must have completed 120 credit points prior to enrolling.

Requisites:

Nil

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):

ECON12-202: Macroeconomics

Restrictions:

Students must have completed 120 credit points prior to enrolling.