Monetary Economics

Subject ECON90011 (2015)

Note: This is an archived Handbook entry from 2015.

Credit Points: 12.5
Level: 9 (Graduate/Postgraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2015:

Semester 2, Parkville - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period 27-Jul-2015 to 25-Oct-2015
Assessment Period End 20-Nov-2015
Last date to Self-Enrol 07-Aug-2015
Census Date 31-Aug-2015
Last date to Withdraw without fail 25-Sep-2015

Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: Three hours of lectures and seminars per week
Total Time Commitment:

Estimated total time commitment of 120 hours per semester


One of the following 2 subjects:

Study Period Commencement:
Credit Points:
Semester 1

Plus one of the following subjects:

Study Period Commencement:
Credit Points:
Semester 1


Recommended Background Knowledge:


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:


Prof Chris Edmond



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.

Learning Outcomes:

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 (50%);
  • Problem sets of approx. 4 pages each submitted fortnightly (20%) and
  • 1.5 hour mid-semester examination conducted in week 7 (30%).
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


Students may not gain credit for both ECON90011 Monetary Economics and ECON40013 Monetary Economics.

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