ECB3143 · Economics of money and banking

Overview

This unit explores the relationship between money, banking, and key macroeconomic variables such as interest rate, inflation and output. You will examine the roles of commercial banks, central banks, and monetary policy in shaping economic outcomes. A major component of the unit is a group project where you will critically investigate a chosen topic — ranging from historical systems like the gold standard to emerging issues like cryptocurrencies — using data, theory, and AI tools. Through teamwork, presentation, and individual research, you will deepen your understanding of modern financial systems and their role in the broader economy.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. explain the role of money, interest rates, and inflation in the macroeconomy, and evaluate the functions of central banks and financial institutions
2. understand how monetary policy is implemented and use macroeconomic models to analyse its impact on financial markets and economic stability
3. gather, interpret, and communicate economic data using appropriate tools, including AI, to support evidence-based arguments in monetary and financial topics
4. collaborate effectively in teams to research, present, and critique monetary and banking issues, drawing from theoretical and empirical evidence.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.