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.
Faculty: Faculty of Business, Economics and Law
Credit points: 15
Subject Co-ordinator: Chrismin Tang
Available to Study Abroad Students: Yes
Subject year level: Year Level 4 - UG/Hons/1st Yr PG
Exchange Students: Yes
Subject particulars
Subject rules
Prerequisites: ECO3EGS OR ECO3MAA
Co-requisites: N/A
Incompatible subjects: N/A
Equivalent subjects: N/A
Special conditions: N/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 |