Courses & Units
Banking and Financial Institutions BEA321
Introduction
This unit is a mandatory course for third-year Finance majors in the Bachelor of Business program. It is an elective unit in Economic Analysis major in the Bachelor of Economics. 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.
Summary
| Unit name | Banking and Financial Institutions |
|---|---|
| Unit code | BEA321 |
| Credit points | 12.5 |
| College/School | College of Business & Economics Tasmanian School of Business and Economics |
| Discipline | Finance |
| Coordinator | Associate Professor Joaquin Vespignani |
| Available as an elective? | Yes |
| Delivered By | University of Tasmania |
| Level | Advanced |
Availability
| Location | Study period | Attendance options | Available to | ||
|---|---|---|---|---|---|
| Hobart | Semester 1 | On-Campus | International | Domestic | |
| Online | Semester 1 | Off-Campus | International | Domestic | |
Key
- On-campus
- Off-Campus
- International students
- Domestic students
Note
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Key Dates
| Study Period | Start date | Census date | WW date | End date |
|---|---|---|---|---|
| Semester 1 | 26/2/2024 | 22/3/2024 | 15/4/2024 | 2/6/2024 |
* 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 2024 are indicative and subject to change. Finalised census dates for 2024 will be available from the 1st October 2023. Note census date cutoff is 11.59pm AEST (AEDT during October to March).
Learning Outcomes
- Analyse the reasons why different financial institutions have distinct functions in the economy supporting sustainable growth.
- Assess how institutions and markets are regulated in domestic, and international environments, and be able to evaluate proposals for regulatory reform.
- Evaluate how financial institutions assess and manage risk using some of the trading strategies and instruments available in financial markets.
- Analyse the role and mandate of the Reserve Bank of Australia.
Fee Information
| Field of Education | Commencing Student Contribution 1,3 | Grandfathered Student Contribution 1,3 | Approved Pathway Course Student Contribution 2,3 | Domestic Full Fee 4 |
|---|---|---|---|---|
| 081101 | $2,040.00 | $1,597.00 | not applicable | $2,979.00 |
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.
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 What is an indicative Fee? to get an indicative course cost.
Teaching
| Teaching Pattern | Pre-recorded lectures (1 hour per week); Face-to-Face workshops (12 hours) for on-campus students; Online workshops (12 hours) for distance students. |
|---|---|
| Assessment | Individual Assignment (30%)|Research Report (30%)|Two Online Quizzes (Due: Week 5 &10) (40%) |
| Timetable | View the lecture timetable | View the full unit timetable |
Textbooks
| Required |
Eakins & Mishkin (2018). Financial Markets and Institutions (Global Edition), 9th edn, PearsonPrentice Hall, Boston |
|---|---|
| Recommended | 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. Useful Websites: 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 |
The University reserves the right to amend or remove courses and unit availabilities, as appropriate.