ECF2331 Macroeconomic and monetary policy
Faculty of Business and Economics
ECF2331 Macroeconomic and monetary policy is a level 2, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2020 in Semester 1 at Caulfield and City (Melbourne). It needs ECC1100, ECF1200, ECS1102 or ECW1102 and unlocks 8 units.
- Credit points
- 6
- Offered in 2020
- Semester 1
- Caulfield, City (Melbourne)
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2020 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before ECF2331
Prohibitions
You can't enrol if you have passed any of these.
After ECF2331
8 units list ECF2331 as a prerequisite or corequisite.
- ECB3143Economics of money and bankingNo reviews yet
- ECC3660Monetary economicsNo reviews yet
- ECC3690International economicsNo reviews yet
- ECC3800History of economic thoughtNo reviews yet
- ECF3143Economics of money and bankingNo reviews yet
- ECM3670Development economicsNo reviews yet
- ECS3143Economics of money and bankingNo reviews yet
- ECW3143Economics of money and bankingNo reviews yet
Overview
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.
Offerings in 2020
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| First semester (Fully flex) | Caulfield | Flexible |
| Trimester A | City (Melbourne) | On campus |
| Trimester B | City (Melbourne) | On campus |
Assessment
- Within semester assessment40%
- Examination60%
Learning outcomes
When you finish this unit, you should be able 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
critically assess macroeconomic policy
- 4
understand the implementation and operation of monetary policy.
Workload and teaching
- Tutorials12 hours
- Workshops33 hours
- Lectures48 hours
- Teaching approachEnquiry-based 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.
Learning resources
Required resources
City campus:
Frederic S. Mishkin, The Economics of Money, Banking, and Financial Markets , Eleventh edition, Pearson, 2016
Where it fits
ECF2331 is part of 1 area of study in the 2020 handbook.
Contacts
- Chief Examiners
- Professor Mark Crosby
- Ms Ayushi Bajaj
Common questions
What are the prerequisites for ECF2331?
You need ECC1100, ECF1200, ECS1102 or ECW1102 before you enrol.
What can I take after ECF2331?
ECF2331 is a prerequisite or corequisite for 8 units, including ECB3143, ECC3660, ECC3690, ECC3800, ECF3143 and ECM3670.
When is ECF2331 offered?
In 2020, ECF2331 runs in Semester 1 at Caulfield and City (Melbourne).
How much work is ECF2331?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does ECF2331 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.
Which majors and minors include ECF2331?
ECF2331 is part of Economics and business strategy.