Hobart
Introduction
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.
Summary 2021
| 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 | Finance |
| Coordinator | |
| Level | Advanced |
| Available as student elective? | Yes |
| Breadth Unit? | No |
Availability
Note
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TNE Program units special approval requirements.
* 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).
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.
Fees
Requisites
Prerequisites
BEA220 or BEA286
Teaching
| Teaching Pattern | 1 x 2 hour lecture, 1 x 1 hour workshop per week. Please check the unit outline for details. |
|---|---|
| Assessment | Online quiz (20%), Test (30%), Final exam (50%). |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required | Eakins & Mishkin (2015). Financial Markets and Institutions (Global Edition), 8th edn, PearsonPrentice Hall, Boston |
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The University reserves the right to amend or remove courses and unit availabilities, as appropriate.