316-306 Money and Banking

Coordinator

Prerequisites

316-201 Intermediate Macroeconomics and 316-202 Intermediate Microeconomics.

Semester

Contact

Subject Description

The impact of monetary policy in Australia will be examined with particular emphasis given to the roles played by the Reserve Bank as well as by other banking and financial institutions. The subject will include topics chosen from the following list: the role of the financial supervisor, financial regulation and deregulation, Reserve Bank operating procedures, a discussion of alternative approaches to monetary policy, interest rates and the yield curve, inflation, and the relationship between money and the business cycle. This subject emphasises institutional and public policy issues. In addition to the general theory of money and banking, the course also provides an Australian perspective by making use of a range of Australian readings in this topic.

Assessment

A 2-hour examination (80%) and class assignments totalling 2000 words (20%).