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
|Coordinator||Associate Professor Joaquin Vespignani|
|Available as student elective?||Yes|
|Delivered By||University of Tasmania|
|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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|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 (refer to How do I withdraw from a unit? 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. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
- 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 to more information on student contribution amounts.
2 Please refer to more information on eligibility and Approved Pathway courses.
3 Please refer to more information on eligibility for HECS-HELP.
4 Please refer to more information on eligibility for FEE-HELP.
Please note: international students should refer to What is an indicative Fee? to get an indicative course cost.
PrerequisitesBEA220 OR BEA286
Blended lectures (3-4 hours per week); Intensive blended, on-campus workshop (12 hours) – on-campus students only.
|Assessment||Online quizzes (x 2) (40%)|Individual Assignment (30%)|Group Research Report (30%)|
|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.
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=JOURNA LS&N=100&S=T_AZ&C=E
|Links||Booktopia textbook finder|
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