Money, Banking and Financial Markets (9542.1)

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.