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MONETARY ECONOMICS

EIB2009 MONETARY ECONOMICS
3 Credits

Pre-requisite None

Learning At the end of the course, students are able to:
Outcomes
1. describe the basic concepts and theoretical frameworks in monetary
economics;
2. relate theories of monetary economics to the real world; and
3. analyze the administration and operation of monetary policy in closed and
open economies.

Synopsis Basic concepts and functions of money; demand for and supply of money and
monetary controls; monetary transmission mechanisms; macroeconomic
policies; monetary policy regimes; inflation and unemployment; money and
output; exchange rate determination; and monetary policy instruments.

References 1. Bank Negara Malaysia (1994) Money and Banking in Malaysia
2. Lailder, D.E.W. (1993) The Demand for Money: Theories, Evidence and
Problems, HarperCollins, 4 edition
th
3. Lewis, M.K. & Mizen, P.D. (2000) Monetary Economics, Oxford University
Press
4. McCallum, B.T. (1989) Monetary Economics: Theory and Policy, Macmillan
5. Pierce, D.G. & Tysome, P.J. (1985) Monetary Economics: Theories, Evidence
and Policy, Butterworth

Soft Skills CS1, CS2, CS3
CT1, CT2, CT3

Assessment Continuous Assessment : 50%
Final Examination : 50%

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