This unit is designed to analyse the effect of money on key economic variables such as interest rates, inflation, output, and on the workings of the banking sector. In addition, the unit examines the roles played by Commercial Banks and the Central Bank in the process of money creation and the implementation of monetary policy. The unit uses an economic approach to allow analysis of policy decisions. -- Course Website
Instructor: Dr Ratbek Dzhumashev (Berwick), Dr Eduard Bomhoff (Malaysia), Dr Joel Eita (South Africa)
Prerequisites: Students must have passed two units from the following: ECG1101 or ECW1101 and ECW2120 or ECG2730 or ECW2730 before undertaking this unit.
