Money, Banking and Financial Markets (9542.1)

Please note these are the 2016 details for this unit
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Money, Banking and Financial Markets
Available teaching periods Delivery mode Location
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EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra School Of Politics, Economics And Society Level 3 - Undergraduate Advanced Unit Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
This unit is designed to provide students with a thorough understanding of the importance of money, banking, and financial markets as a developed economy. Money, financial institutions, and financial markets have emerged as instruments of payments for the services of factors of production, such as labour and capital. The use of money facilitates business in a market by acting as a common medium of exchange. Of course, as that market expands and develops on a national and international level, the importance of money, banking, and other financial markets expands to accommodate innumerable exchanges.

Learning outcomes

On successful completion of this unit, students will be able to:
1. Identify the implications, risks, and opportunities of global markets;

2. Acquire and demonstrate analytical and problem solving skills within money, banking, and financial market disciplines;
3. Describe the structure of financial markets, the factors that shape them, and how they are regulated;
4. Explain the nature and functions of money and the role of financial markets in the economy;
5. Assess the responses of the economy to both monetary and fiscal policy;
6. Explain the basic purposes of the monetary and financial systems;
7. Identify the markets for stocks, bonds, derivatives, and currencies;
8. Explain how information about the future can reduce the uncertainty associated with future monetary value; and
9. Assess how a financial crisis happens and how policy makers should respond.


Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - think globally about issues in their profession


Prerequisites

9519 Foundations of Macroeconomics OR 9518 Foundations of Microeconomics OR 6355 Introduction to Economics


Corequisites

None.

Incompatible units

NONE.

Equivalent units

NO.

Assumed knowledge

None.
Year Location Teaching period Teaching start date Delivery mode Unit convener
Not available

Required texts

This course is composed of a range of different free, online materials.  However, it makes primary use of the following materials:

  • Frederic Mishkin's The Economics of Money, Banking, and Financial Markets, 9th edition
  • Robert E Wright, Money and Banking version 2.0 which is available free online.  A copy of this textbook can be dowloaded from the Unit Moodle website.
  • Articles from various sources available on the internet


 

Learner engagement

This is a self-paced unit to be undertaken fully online with no contact with an academic face-to-face, except for the final examination which is to be undertaken face-to-face.  As such it requires strict adherence to learning with pre-prepared learning materials including reading materials and multimedia recordings at a time and place of your choosing and requires you to consistently work through the materials and assessment independently.

Participation requirements

This is an entirely an online unit and students are expected to go online and complete the required readings and the assessment tasks.

Required IT skills

Ability to acess the internet, Moodle Learning Mangment Sytem and view various multimedia contents on the web

Work placement, internships or practicums

None