ECON30005 Money and Banking
University of Melbourne · Level 3 · 12.5 points · Runs in 2026: Semester 1.
- Final exam 60%: exam-heavy
- About 3 class hours a week
- 20% group work
Is ECON30005 hard?
ECON30005: About average. Makes it harder: Final exam 60%, You must pass the exam on its own. No student reviews yet — based on the Handbook only.
What you learn
How banks and other financial institutions work, and how the Reserve Bank runs monetary policy in Australia.
After it you can
- Explain how banks make borrowing and lending possible
- Trace how monetary policy reaches the economy
- Weigh the case for financial regulation
What you need first
ECON20001 and ECON20002
Careers
Helps toward: Economist
How it’s assessed
Assignments 20%, Quizzes 10%, Participation 10%, Final exam 60%
Student reviews and ratings
Summarised from 3 students on StudentVIP (2017–2019)
- Reviewers found the models very simplified and hard to link to the real world, though some real-world material is covered; one called the content dry and mostly memorisation.
- One reviewer found it simpler than expected; another noted the exam was scaled.
- Best suited to students with a real interest in monetary policy.
A summary of public reviews, not scored here.
Taken this subject? Rate it anonymously (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Rate ECON30005
Quick answers
- When is ECON30005 offered?
- Runs in 2026: Semester 1.
- What do I need before taking ECON30005?
- Needs ECON20001 and ECON20002.
- Does ECON30005 have a final exam?
- Yes, the final exam is 60% of the mark. You must pass the exam on its own. Assessment: Assignments 20%, Quizzes 10%, Participation 10%, Final exam 60%.
- Is ECON30005 hard?
- From 3 student reviews on StudentVIP: Reviewers found the models very simplified and hard to link to the real world, though some real-world material is covered; one called the content dry and mostly memorisation.
- What do students say about ECON30005?
- Reviewers found the models very simplified and hard to link to the real world, though some real-world material is covered; one called the content dry and mostly memorisation. One reviewer found it simpler than expected; another noted the exam was scaled. Best suited to students with a real interest in monetary policy.
- How many class hours a week does ECON30005 have?
- 3 h a week in class
- Can I take ECON30005 as breadth?
- Yes, for: Bachelor of Arts, Bachelor of Biomedicine, Bachelor of Design, Bachelor of Fine Arts (Acting), Bachelor of Fine Arts (Animation), Bachelor of Fine Arts (Dance), Bachelor of Fine Arts (Film and Television), Bachelor of Fine Arts (Music Theatre), Bachelor of Fine Arts (Production), Bachelor of Fine Arts (Screenwriting), Bachelor of Fine Arts (Theatre), Bachelor of Fine Arts (Visual Art), Bachelor of Music, Bachelor of Science.
- Can I rate ECON30005?
- Yes. If you've taken it, rate it anonymously on this page (difficulty, workload, marking, would you recommend it) and leave a tip for next year's students. Averages show once 3 students have rated it; tips are checked before they appear.
Source: University of Melbourne Handbook 2026
Always confirm in the official Handbook.
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