ECON3210 Monetary Economics

Credit
6 points
Offering

If this unit does not have an online alternative, then students who are presently unable to enter Western Australia and whose studies would be delayed by an inability to complete this unit, should contact the unit coordinator (details given on this page) to ascertain, on an individual case-by-case basis, if alternate arrangements can be made to support their study in this unit.

AvailabilityLocationMode
Not available in 2021UWA (Perth)Face to face Predominantly face-to-face. On campus attendance required to complete this unit. May have accompanying resources online.
Details for undergraduate courses
  • Level 3 option in the Economics; Professional Economics major sequences
  • 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
  • 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.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook. Reading lists and essential textbooks are subject to change each semester. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus. Copies of textbooks and other readings will be made available for students to access from the Library, online wherever possible as well as in print.