ECC3660 Monetary economics
Faculty of Business and Economics
ECC3660 Monetary economics is a level 3, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Clayton. It needs (ECW2730, ECF2331, ECC2010 or ECB2330) and (ECF2731, ECC2000, ECB2731 or ECW2731).
- Credit points
- 6
- Offered in 2020
- Semester 1
- Clayton
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
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Requisites
Before ECC3660
Prerequisites
Pass these before you enrol.
After ECC3660
No unit lists ECC3660 as a prerequisite in the 2020 handbook.
Overview
The unit develops and examines the theoretical and empirical relationship between monetary policy, real activity, and the financial markets. A rigorous theoretical framework will be developed to analyse conventional and unconventional monetary policy, and their effects on the real economy. The analysis of the conduct of monetary policy will be developed in the context of a New Keynesian economic model. Recent examples and challenges of monetary policy conduct will be discussed with the help of the theoretical tools developed in the unit.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
Learning outcomes
When you finish this unit, you should be able to:
- 1
develop rigorous economic analysis to assess contemporary monetary theory and policy
- 2
discuss the use of empirical and theoretical models to assess the conduct of monetary policy
- 3
develop theoretical frameworks to understand the factors governing the relationship between monetary forces and economic activity
- 4
understand the principles, techniques and problems of implementing monetary policies
- 5
critically assess current controversies in monetary policy.
Workload and teaching
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.
Where it fits
ECC3660 is part of 2 areas of study in the 2020 handbook.
Contacts
- Unit Coordinators
- Associate Professor Giovanni Caggiano
- Chief Examiners
- Associate Professor Giovanni Caggiano
Common questions
What are the prerequisites for ECC3660?
You need (ECW2730, ECF2331, ECC2010 or ECB2330) and (ECF2731, ECC2000, ECB2731 or ECW2731) before you enrol.
When is ECC3660 offered?
In 2020, ECC3660 runs in Semester 1 at Clayton.
How much work is ECC3660?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Which majors and minors include ECC3660?
ECC3660 is part of Economic analysis and Economics.