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Unit of study_

ECOS2004: Money and Banking

Students will learn how a modern financial system operates and the relationships between the financial system and the economy, with a particular emphasis on understanding business cycles. We will study how money/capital changes hands between agents over time, both directly and through institutions. We will study how these exchanges affect the economy, and how central banks and other policy institutions monitor, influence and regulate these exchanges. There will be an equal emphasis on understanding the modern financial system and on analysing monetary policy and financial regulation.

Code ECOS2004
Academic unit Economics
Credit points 6
(ECON1001 and ECON1002) or (ECON1040 and ECON1002) or BUSS1040

At the completion of this unit, you should be able to:

  • LO1. understand the connections between money, commercial banks and the economy
  • LO2. obtain an understanding of the role of monetary policy and the relationship between monetary policy, commercial banks and the economy
  • LO3. communicate how policy decisions impact on real world outcomes
  • LO4. analyse how policy decisions impact on observed macroeconomic outcomes.