Handbook home
Monetary Economics (ECON40013)
HonoursPoints: 12.5Not available in 2023
To learn more, visit 2023 Course and subject delivery.
Overview
Fees | Look up fees |
---|
An advanced introduction to modern monetary economics. Covers topics such as neoclassical monetary theory; price rigidities; interest rates, inflation targeting and central banking; rules versus discretion in monetary policy; microeconomic foundations of monetary economics. Both theoretical and empirical issues will be emphasised. Open economy aspects of monetary economics will be covered where appropriate.
Intended learning outcomes
- Evaluate the main theories used in the study of monetary economics;
- Use small analytic models to evaluate monetary theories;
- Use quantitative evidence to evaluate the usefulness and limitations of monetary theories;
- Critically evaluate contemporary policy debates in the area of monetary economics.
Generic skills
On successful completion of this subject students should have improved the following generic skills: Evaluation of ideas, views and evidence:
- Synthesis of ideas, views and evidence;
- Strategic thinking;
- Critical thinking;
- Application of theory to economic policy;
- Accessing economic and other information;
- Summary and interpretation of information;
- Problem solving skills;
- Written communication;
- Oral communication.
Last updated: 14 November 2023
Eligibility and requirements
Prerequisites
Admission into or selection of one of the following:
- BH-COM Bachelor of Commerce (Degree with Honours)
- Economics specialisation (formal) in the BH-ARTS Bachelor of Arts (Degree with Honours)
AND
All of
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON40001 | Advanced Microeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
ECON40002 | Advanced Macroeconomics | Semester 1 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON90011 | Monetary Economics | Not available in 2024 |
12.5 |
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 14 November 2023
Assessment
Description | Timing | Percentage |
---|---|---|
Problem sets submitted fortnightly | Throughout the teaching period | 20% |
Mid-semester examination
| Week 7 | 30% |
End-of-semester examination
| During the examination period | 50% |
Last updated: 14 November 2023
Dates & times
Not available in 2023
Time commitment details
170 Hours
Last updated: 14 November 2023
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 14 November 2023