ECON3210 Monetary Economics

Credit
6 points
Offering
AvailabilityLocationMode
Not available in 2020UWA (Perth)Face to face
Details for undergraduate courses
  • Level 3 option in the Economics; Professional Economics major sequences
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 3 elective
Content
This unit deals with understanding the role of money in the economy and its interactions with finance and macroeconomics. Topics include money demand and supply; debts and deficits; the determination of interest rates; monetary policy; inflation; exchange rates and international monetary economics; and financial crises.
Outcomes
Students are able to (1) explain the workings of financial markets and how they interact with the macro-economy; (2) compare and critically discuss the diverse approaches to the theory of monetary economics; (3) outline the roles of central banks in the economy; (4) discuss the relationship between monetary theory and monetary policy; and (5) explain the advantages and disadvantages of debts, deficits and financial crises.
Assessment
Indicative assessments in this unit are as follows: (1) tutorial activities and (2) examinations. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit rules
Prerequisites:
ECON2234 Macroeconomics: Policy and Applications
or
any level 2 Finance unit; for pre-2012 courses: none; for the Philosophy, Politics and Economics major, ECON2105 Rise of the Global Economy
Incompatibility:
ECON2210 Monetary Economics
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
Unit Outline
Semester 1_2019 [SEM-1_2019]
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.