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  3. Monetary Economics

Monetary Economics (ECON40013)

HonoursPoints: 12.5On Campus (Parkville)

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Overview

Availability
Semester 2
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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

On successful completion of this subject, students should be able to:

  • 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; and
  • 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: 

  • 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; and
  • Oral communication.

Last updated: 8 November 2024