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Unit of study_
ECOS2004: Money and Banking
2025 unit information
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.
Unit details and rules
Managing faculty or University school:
Arts and Social Sciences
| Study level | Undergraduate |
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| Academic unit | Economics |
| Credit points | 6 |
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Prerequisites:
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(ECON1001 and ECON1002) or (ECON1040 and ECON1002) or BUSS1040 |
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Corequisites:
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None |
| Prohibitions:
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None |
| Assumed knowledge:
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None |
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.
Unit availability
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