These ECOS2004 notes are completed using the textbook, all the lectures and some readings. They cover the whole semester. Clearly written notes are tabulated for easy understanding and following with concepts. Included topics are:
- Overview of the financial system
- Money and the payment system; understanding interest rates
- The behaviour of interest rates. Traditional view; modern central banking view
- Risk, the term structure of interest rates, commercial banking
- The money supply process; traditional and modern views
- Inflation targeting, contrasted with monetary targeting
- The global financial crisis
- The current policy environment: global
- The current policy environment: Australia
- How banks are regulated
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