Course overview
This course introduces the institutions, markets and securities that form the basis of modern financial and monetary systems. Australian and international economies and their financial systems will be considered with reference to current financial news and affairs. This course also introduces some of the main concepts and methods used in financial and monetary economics and provides a sound basis for students progressing to the study of monetary economics, financial economics and international finance at higher levels. At the same time, it is a valuable, self-contained and up-to-date overview of international financial markets and institutions for non-specialists.
Course learning outcomes
- Identify and explain the main functions of the principal financial markets and institutions in a typical modern financial system
- Apply balance sheet principles to analyse banking operations, financial relationships among institutions, and their broader connections to the economy
- Identify objectives of, and describe global approaches to implementing, monetary policy
- Describe the money, bond, and equities markets, and explain the functional distinctions among these financial markets
- Discuss the interplay between macroeconomic aggregates and markets, explore the link between financial markets and social welfare, and grasp the dynamics of signals and messaging in financial markets
Degree list
The following degrees include this course