Courses & Units

Banking and Financial Institutions BEA321



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
Unit code BEA321
Credit points 12.5
Faculty/School College of Business & Economics
Tasmanian School of Business and Economics
Discipline Economics and Finance

Dr Joaquin Vespignani

Level Advanced
Available as student elective? Yes
Breadth Unit? No


Location Study period Attendance options Available to
Hobart Semester 1 On-Campus Off-Campus International International Domestic Domestic


International students
Domestic students

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Key Dates

Study Period Start date Census date WW date End date
Semester 1 22/2/2021 23/3/2021 12/4/2021 30/5/2021

* 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).

About Census Dates

Learning Outcomes

  • LO1: The reasons why different financial institutions have different functions in the economy.
  • LO2: How financial institutions assess, and manage risk using some of the trading strategies and instruments available in financial markets.
  • LO3: How institutions and markets are regulated in domestic, and international environments, and be able to evaluate proposals for regulatory reform.
  • LO4: How monetary policy is implemented in an open economy and how it impacts the macroeconomy.


Field of Education Commencing Student Contribution 1 Grandfathered Student Contribution 1 Approved Pathway Course Student Contribution 2 Domestic Full Fee
081101 $1,812.00 $1,419.00 not applicable $2,702.00

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.



BEA220 or BEA286


Teaching Pattern

1 x 2 hour lecture, 1 x 1 hour workshop per week. Please check the unit outline for details.


Online quiz (20%), Test (30%), Final exam (50%).

TimetableView the lecture timetable | View the full unit timetable



Eakins & Mishkin (2015). Financial Markets and Institutions (Global Edition), 8th edn, PearsonPrentice Hall, Boston

LinksBooktopia textbook finder

The University reserves the right to amend or remove courses and unit availabilities, as appropriate.