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 2026 in Semester 2 at Peninsula. It needs (ECC1000, ECB1101, ECW1101 or ECF1100) and (ECF2331, ECB2330 or ECW2730).
- Credit points
- 6
- Offered in 2026
- Semester 2
- Peninsula
- Assessment
- Exam 40%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2026 handbook entry. See the 2027 entry.
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Requisites
Before ECB3143
Prerequisites
Pass these before you enrol.
Prohibitions
You can't enrol if you have passed any of these.
After ECB3143
No unit lists ECB3143 as a prerequisite in the 2026 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 explores the relationship between money, banking, and key macroeconomic variables such as interest rate, inflation and output. You will examine the roles of commercial banks, central banks, and monetary policy in shaping economic outcomes. A major component of the unit is a group project where you will critically investigate a chosen topic — ranging from historical systems like the gold standard to emerging issues like cryptocurrencies — using data, theory, and AI tools. Through teamwork, presentation, and individual research, you will deepen your understanding of modern financial systems and their role in the broader economy.
Offerings in 2026
| Teaching period | Campus | Mode |
|---|---|---|
| Second semester | Peninsula | On campus |
Assessment
- Quiz / Test20%
- Project40%
- Examination40%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
Learning outcomes
When you finish this unit, you should be able to:
- 1
explain the role of money, interest rates, and inflation in the macroeconomy, and evaluate the functions of central banks and financial institutions
- 2
understand how monetary policy is implemented and use macroeconomic models to analyse its impact on financial markets and economic stability
- 3
gather, interpret, and communicate economic data using appropriate tools, including AI, to support evidence-based arguments in monetary and financial topics
- 4
collaborate effectively in teams to research, present, and critique monetary and banking issues, drawing from theoretical and empirical evidence.
Workload and teaching
- Workshops24 hours
- Teaching approachActive learning
- Teaching approachResearch activities
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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
Learning resources
Technology resources
You 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 2026 handbook.
Contacts
- Chief Examiners
- Dr Jackie So
Common questions
What are the prerequisites for ECB3143?
You need (ECC1000, ECB1101, ECW1101 or ECF1100) and (ECF2331, ECB2330 or ECW2730) before you enrol. Enrolment rules also apply.
When is ECB3143 offered?
In 2026, 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 40% of the final mark, alongside 2 other tasks.
Which majors and minors include ECB3143?
ECB3143 is part of Economics and business decisions; and Finance and economics.