Monetary and Fiscal Policy
UndergraduateTAS-BEA3202024
Course information for 2024 intake View information for 2025 course intake
Enrolments for this course are closed, but you may have other options to start studying now. Book a consultation to learn more.
- Study method
- 100% online
- Assessments
- 100% online
- Entry requirements
- Prior study needed
- Duration
- 14 weeks
- Loan available
- HECS-HELP and FEE-HELP available
Monetary and Fiscal Policy
About this subject
Upon completion of this subject, the student should be able to:
- Apply economic models to the analysis of economies and critically evaluate fiscal and monetary policies.
- Communicate policy analysis as well as evidence-based policy recommendations.
- Access, analyse and interpret economic data.
- Module 1: Measuring the macroeconomy
- Module 2: Business cycle measurement
- Module 3: Inflation and unemployment
- Module 4: The short-run model and the IS curve
- Module 5: Monetary policy and the Phillips curve
- Module 6: Stabilization policy and the AS/AD framework
- Module 7: The government and the macroeconomy
- Module 8: Federal, state, and local government policy
- Module 9: Exchange rates and the open-economy short-run model
- Module 10: Exchange rate regimes and financial crises
- Module 11: The Global Financial Crisis: causes and propagation
- Module 12: Policy responses to the Global Financial Crisis and the Covid-19 pandemic
This subject uses a contemporary macroeconomic modelling framework to analyse the role of fiscal and monetary policies on economic outcomes. The study of fiscal policy includes the role of stimulus during recessions, and the impact and consequences of government expenditures and tax policies on its budget, debt and on private sector behaviour. The study of monetary policy includes business cycle stabilization and inflation targeting by central banks with conventional and unconventional policies when the zero lower bound constrains interest rates. Students who successfully complete this subject will be able to critically discuss and examine current economic conditions and policies using economic models as a tool for organising their arguments.
- Mid-semester Test (30%)
- Take-home Exam (40%)
- Group Assignment (30%)
For textbook details check your university's handbook, website or learning management system (LMS).
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Entry requirements
Prior study
You must either have successfully completed the following subject(s) before starting this subject, or currently be enrolled in the following subject(s) in a prior study period; or enrol in the following subject(s) to study prior to this subject:
Please note that your enrolment in this subject is conditional on successful completion of these prerequisite subject(s). If you study the prerequisite subject(s) in the study period immediately prior to studying this subject, your result for the prerequisite subject(s) will not be finalised prior to the close of enrolment. In this situation, should you not complete your prerequisite subject(s) successfully you should not continue with your enrolment in this subject. If you are currently enrolled in the prerequisite subject(s) and believe you may not complete these all successfully, it is your responsibility to reschedule your study of this subject to give you time to re-attempt the prerequisite subject(s).
Additional requirements
No additional requirements
Study load
- 0.125 EFTSL
- This is in the range of 10 to 12 hours of study each week.
Equivalent full time study load (EFTSL) is one way to calculate your study load. One (1.0) EFTSL is equivalent to a full-time study load for one year.
Find out more information on Commonwealth Loans to understand what this means to your eligibility for financial support.
What to study next?
Once you’ve completed this subject it can be credited towards one of the following courses
Bachelor of Business (Business Economics)
UndergraduateTAS-BBE-DEG
Bachelor of Business and Bachelor of Psychological Science
UndergraduateTAS-BPS-DEG
Bachelor of Psychological Science and Bachelor of Economics
UndergraduateTAS-PEC-DEG
Bachelor of Business and Bachelor of Economics
UndergraduateTAS-BEC-DEG
Bachelor of Business and Bachelor of Science
UndergraduateTAS-BBS-DEG
UndergraduateTAS-ECO-DEG
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