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Monetary economics, financial crises, economic growth.
ECON617 is a lectures-based course that MAFE students with no prior exposure to monetary economics can take. There are 12 2-hour lectures that ECON617 students share with ECON326 students. A 1-hour tutorial follows each lecture. The tutorials allow students to hone their problem-solving skills. A guest lecture by Dean Hill, a Senior Manager in the Financial Markets Department of the Reserve Bank of New Zealand, is planned for May 30th.
The objectives of the course are:1. To give students a solid grounding in monetary economics2. To provide a thorough understanding of central bank behaviour3. To explain the advantages and disadvantages of monetary policy strategies4. To discuss central bank action in economic crises.5. To introduce the student to the art of doing independent research.
Subject to approval of Head of Department
ECON326
Students must attend one activity from each section.
Alfred Guender
The ‘45% rule’ does not apply to this course. That is, students do not need to reach 45% weighted average across invigilated assessments. Please refer to Learn for further information.Assessment in Te Reo MāoriIn recognising that Te Reo Māori is an official language of New Zealand, the University provides for students who may wish to use Te Reo Māori in their assessment. If you intend to submit your work in Te Reo Māori you are required to do the following: Read the Assessment in Te Reo Māori Policy and ensure that you meet the conditions set out in the policy. This includes, but is not limited to, informing the Course Coordinator 1) no later than 10 working days after the commencement of the course that you wish to use Te Reo Māori and 2) at least 15 working days before each assessment due date that you wish to use Te Reo Māori.
There is no required text. Students may find the texts listed below helpful in fostering their understanding of the material discussed in the lectures.Froyen, Richard T. and Alfred V. Guender, Optimal Monetary Policy under Uncertainty (FG), Edward Elgar, Cheltenham, UK, 2007 (on reserve in library); second edition 2019.McCallum, Bennett T. Monetary Economics: Theory and Policy (ME), Macmillan Publishing Company, New York, 1989.McCallum, Bennett T. International Monetary Economics (IME), Oxford University Press, 1996.Branson, William Macroeconomic Theory and Policy (B) (2nd or 3rd edition)
Domestic fee $1,066.00
International Postgraduate fees
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .