This is a third-year unit and a compulsory unit in the Economics Foundations and Finance majors in the Bachelor of Economics. It is an elective unit in Economic Analysis major in the Bachelor of Economics and the Finance major in the Bachelor of Business. The unit examines the Australian and international financial systems and analyses the different roles of intermediaries and markets and the role they play in the flow of funds in the economy, the use of financial instruments such as debt, options and other derivatives to manage risk in banks, prudential supervision, regulation and risk management; The role played by the foreign exchange market,the objectives of monetary policy, the role of financial markets in the operation of monetary policy. To adhere to the University’s blended learning policy, this unit will be offered by means of online short videos (100 minutes) followed by an extended workshop (50 to 100 minutes) per week. Students watch online short videos, complete and submit weekly workshop questions, and then attend an extended workshop later in the following week. For the first week’s extended workshop, there will be a general introduction session for this unit.
|Unit name||Banking and Financial Institutions|
|College/School||College of Business & Economics
Tasmanian School of Business and Economics
|Discipline||Economics and Finance|
|Coordinator||Associate Professor Joaquin Vespignani|
|Available as student elective?||Yes|
|Location||Study period||Attendance options||Available to|
|Hobart||Semester 1||On-Campus||Off-Campus||International International||Domestic Domestic|
- International students
- Domestic students
Please check that your computer meets the minimum System Requirements if you are attending via Distance/Off-Campus.
Units are offered in attending mode unless otherwise indicated (that is attendance is required at the campus identified). A unit identified as offered by distance, that is there is no requirement for attendance, is identified with a nominal enrolment campus. A unit offered to both attending students and by distance from the same campus is identified as having both modes of study.
|Study Period||Start date||Census date||WW date||End date|
* The Final WW Date is the final date from which you can withdraw from the unit without academic penalty, however you will still incur a financial liability (see withdrawal dates explained for more information).
Unit census dates currently displaying for 2022 are indicative and subject to change. Finalised census dates for 2022 will be available from the 1st October 2021.
- Explain and reflect on the role of financial institutions in the economy.
- Assess how financial institutions manage risk using some of the trading strategies and instruments available in financial markets.
- Evaluate the role of monetary policy in an open economy.
|Field of Education||Commencing Student Contribution 1||Grandfathered Student Contribution 1||Approved Pathway Course Student Contribution 2||Domestic Full Fee|
1 Please refer here more information on student contribution amounts.
2 Information on eligibility and Approved Pathway courses can be found here
If you have any questions in relation to the fees, please contact UConnect or more information is available on StudyAssist.
Please note: international students should refer to this page to get an indicative course cost.
PrerequisitesBEA220 OR BEA286
|Assessment||Examination - invigilated (externally - Exams Office) (50%)|Test or quiz (30%)|Assignment (20%)|
|Timetable||View the lecture timetable | View the full unit timetable|
Eakins & Mishkin (2018). Financial Markets and Institutions (Global Edition), 9th edn, PearsonPrentice Hall, Boston
In addition to the texts/software recommended above, you are also expected to be familiar with the key academic journals in the discipline from which useful insights maybe derived. In particular, you are encouraged to review regularly the relevant papers that are published in:
Reserve Bank of Australia: http://www.rba.gov.au/
Federal Reserve of St Louis data: http://research.stlouisfed.org/fred2/
European Central Bank: http://www.ecb.europa.eu/home/html/index.en.html Bank of Japan: http://www.boj.or.jp/en/
Economic Papers: http://econpapers.repec.org/ UTAS library E-Journal: http://rk9dr6cc2p.search.serialssolutions.com/?L=RK9DR6CC2P&V=1.0&tab=JOURNALS&N=100&S= T_AZ&C=E
|Links||Booktopia textbook finder|
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.