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Unit of study_
ECOS3010: Monetary Economics
2025 unit information
This unit provides an overview of the main elements of monetary economics, with emphasis upon macroeconomic issues - analysis of economic processes in which money enters the picture in an essential manner. The content primarily concerns economic principles and theory, but there is also considerable focus on the Australian monetary system and monetary policy in particular. The particular topics covered include: functions of money; the concept of 'liquidity'; money demand; determinants of money supply changes; financial crises and the 'lender of last resort' function of central banking; the Reserve Bank of Australia and the Australian Prudential Regulation Authority; term and risk structures of interest rates; alternative theories of the level of the rate of interest; the monetary policy transmission mechanism; monetary policy instrument choice; central bank credibility; policy reaction functions; the global monetary system; and Reserve Bank market operations.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
|---|---|
| Academic unit | Economics |
| Credit points | 6 |
|
Prerequisites:
?
|
ECOS2001 or ECOS2901 or ECOS2002 or ECOS2902 or ECOS2040 |
|---|---|
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Corequisites:
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None |
| Prohibitions:
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ECON3010 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. identify, define and analyse problems and your solutions in monetary economics
- LO2. conduct economic research using libraries, the web and other sources of information
- LO3. negotiate and create shared understandings by respectfully interacting with others
- LO4. demonstrate a capacity for openness to new ways of thinking and appreciation of the importance of intellectual curiosity and reflection as a foundation for continuous learning.
Unit availability
This section lists the session, attendance modes and locations the unit is available in. There is a unit outline for each of the unit availabilities, which gives you information about the unit including assessment details and a schedule of weekly activities.
The outline is published 2 weeks before the first day of teaching. You can look at previous outlines for a guide to the details of a unit.
| Session | MoA ? | Location | Outline ? |
|---|---|---|---|
|
Semester 1 2025
|
Normal day | Camperdown/Darlington, Sydney |
Outline unavailable
|
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Modes of attendance (MoA)
This refers to the Mode of attendance (MoA) for the unit as it appears when you’re selecting your units in Sydney Student. Find more information about modes of attendance on our website.
