eco4mne monetary economics
MONETARY ECONOMICS
ECO4MNE
Not currently offered
Credit points: 15
Subject outline
In this subject, students will examine the effects of monetary variables on the macroeconomy and develop an understanding of the theoretical basis for the conduct of monetary policy, at an advanced undergraduate level. Topics in this unit include the determinants of money supply, theories of the demand for money and the transmission mechanism of monetary policy. The conduct and design of optimal monetary policies in closed and open economies will also be discussed together with the problem of time inconsistency in the implementation of monetary policy and the associated "rules versus discretion" debate.
FacultyFaculty of Business, Economics and Law
Credit points15
Subject Co-ordinatorChrismin Tang
Available to Study Abroad StudentsYes
Subject year levelYear Level 4 - UG/Hons/1st Yr PG
Exchange StudentsYes
Subject particulars
Subject rules
Prerequisites ECO3EGS OR ECO3MAA
Co-requisitesN/A
Incompatible subjectsN/A
Equivalent subjectsN/A
Special conditionsN/A
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | The economics of money, banking and financial markets. | Prescribed | Mishkin, F. | PEARSON EDDISON WESLEY, 2013 |
Subject options
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