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ECC4366 - Monetary economics

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate, Postgraduate Faculty of Business and Economics

Leader(s): Dr Larry Cook

Offered

Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)

Synopsis

Economics of financial assets, markets, intermediaries, regulation and innovation; money aggregates; behaviour of interest rates; loan funds analysis; risk and term structure of interest rates; adverse selection and moral hazard; independence of central banks; determinants of the money supply and the conduct of monetary policy in Australia; theories of money demand; money supply and economic activity; Keynesian-monetarist debate; transmission mechanisms of monetary policy; money and inflation; monetary implications of budget deficits; volatility in foreign exchange markets; the international financial system; capital controls; role of the IMF; international monetary policy strategy.

Assessment

Within semester assessment: 25%
Examination (2 hours): 75%

Contact hours

Two 1.5-hour lecture/tutorials per week

Prerequisites

ECC2000 and ECC2010 or equivalent

Prohibitions

ECC3660

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