Monetary Economics

Subject ECON90011 (2013)

Note: This is an archived Handbook entry from 2013.

Credit Points: 12.50
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject is not offered in 2013.

Time Commitment: Contact Hours: Three hours of lectures and seminars per week
Total Time Commitment: Estimated total time commitment of 120 hours per semester
Prerequisites: One of the following 2 subjects:
Study Period Commencement:
Credit Points:
Not offered in 2013
Not offered in 2013
Plus one of the following subjects:
Study Period Commencement:
Credit Points:
Not offered in 2013
Not offered in 2013
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: ECON40013 Monetary Economics
Core Participation Requirements:

For the purposes of considering requests for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Students Experiencing Academic Disadvantage Policy, academic requirements for this subject are articulated in the Subject Description, Subject Objectives, Generic Skills and Assessment Requirements for this entry.

The University is dedicated to provide support to those with special requirements. Further details on the disability support scheme can be found at the Disability Liaison Unit website:


Graduate School of Business and Economics
Level 4, 198 Berkeley Street
Telephone: +61 3 8344 1670
Online Enquiries

Subject Overview:

This is an advanced course on modern monetary economics, providing coverage of issues and techniques of analysis used in current research. Topics may include: general equilibrium models of money, inflation and public finance, money and time consistency, search-theoretic models of money, and monetary policy. Both theoretical and empirical issues will be covered.


On successful completion of this subject, students should be able to:

  • Evaluate the main theories used in the study of monetary economics;
  • Use small analytic models to evaluate monetary theories;
  • Use quantitative evidence to evaluate the usefulness and limitations of monetary theories;
  • Critically evaluate contemporary policy debates in the area of monetary economics.
  • 3-hour end-of-semester examination (60%)
  • Class assignments totalling not more than 2000 words (20%)
  • 1.5 hour mid-semester examination (20%)
Prescribed Texts: You will be advised of prescribed texts by your lecturer.
Breadth Options:

This subject is not available as a breadth subject.

Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On successful completion of this subject, students should have improved the following generic skills:

  • Evaluation of ideas, views and evidence

  • Synthesis of ideas, views and evidence

  • Strategic thinking

  • Critical thinking

  • Application of theory to economic policy

  • Accessing economic and other information

  • Summary and interpretation of information

  • Problem solving skills

  • Written communication

  • Oral communication

Notes: Students may not gain credit for both ECON90011 Monetary Economics and ECON40013 Monetary Economics.
Related Course(s): Master of Commerce - Economics

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