units

ECF2331

Faculty of Business and Economics

Undergraduate - Unit

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered, or view unit timetables.

LevelUndergraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Economics
OfferedCaulfield First semester 2014 (Day)
Coordinator(s)Dr Sephorah Mangin

Synopsis

This unit examines the scope for policy to improve macroeconomic performance. It will cover: the cyclical behaviour of the economy; the role of monetary, fiscal and exchange rate policies in influencing economic activities; the implementation and operation of monetary policy; the relationship of exchange rates to monetary policy; major factors determining movements in interest rates and exchange rates in both the intermediate and long terms.

Outcomes

The learning goals associated with this unit are to:

  1. understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
  2. understand the importance of and the differences between monetary, fiscal, and exchange rate policies.
  3. be able to critically assess macroeconomic policy
  4. understand the implementation and operation of monetary policy
  5. be familiar with economic factors which are of major interest to bankers and others operating in the finance industry.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Workload requirements

Minimum total expected workload equals 144 hours per semester

Prerequisites

Prohibitions