ECB3143 Economics of money and banking
Faculty of Business and Economics
ECB3143 Economics of money and banking is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2023 in Semester 2 at Peninsula. It needs (ECB1101, ECC1000, ECF1100 or ECW1101) and (ECB2330, ECF2331 or ECW2730).
- Credit points
- 6
- Offered in 2023
- Semester 2
- Peninsula
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2023 handbook entry. See the 2027 entry.
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Requisites
Before ECB3143
Prohibitions
You can't enrol if you have passed any of these.
Prerequisites
Pass these before you enrol.
After ECB3143
No unit lists ECB3143 as a prerequisite in the 2023 handbook.
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 Higher level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
This unit is designed to analyse the effect of money on key economic variables such as interest rates, inflation, output, and on the workings of the banking sector. In addition, the unit examines the roles played by the financial system, financial institutions, and central banks, in the process of money creation and the implementation of monetary policy. The unit provides a more detailed discussion of the key issues in the theory and practice of banking and monetary policy.
Offerings in 2023
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
understand the theoretical structure of an open economy with emphasis on monetary policy formulation and implementation
- 2
analyse and predict the key economic variables when the economy is faced with internal and external market shocks
- 3
use an economic model that allows for competitive international capital markets and floating exchange rates to analyse policy measures.
Workload and teaching
- Seminars24 hours
- Tutorials12 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Technology resources
Students may need to use MS Excel for some applied questions based on data analysis.
Where it fits
ECB3143 is part of 2 areas of study in the 2023 handbook.
Contacts
- Chief Examiners
- Dr Qingyuan Du
Common questions
What are the prerequisites for ECB3143?
You need (ECB1101, ECC1000, ECF1100 or ECW1101) and (ECB2330, ECF2331 or ECW2730) before you enrol. Enrolment rules also apply.
When is ECB3143 offered?
In 2023, ECB3143 runs in Semester 2 at Peninsula.
How much work is ECB3143?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECB3143 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECB3143?
ECB3143 is part of Economics and business decisions; and Finance and economics.