ECON 7114 - Money, Banking and Financial Markets PG
North Terrace Campus - Semester 1 - 2024
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General Course Information
Course Details
Course Code ECON 7114 Course Money, Banking and Financial Markets PG Coordinating Unit Economics Term Semester 1 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Incompatible ECON 3511 Assumed Knowledge ECON 7071 Assessment Typically, tutorial work, mid-Semester test, & final exam Course Staff
Course Coordinator: Dr Jacob Wong
Course Timetable
The full timetable of all activities for this course can be accessed from .
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1 identify and describe the economic principles underlying the operation of financial intermediaries. 2 interpret the goals of monetary policy. 3 explain how central banks conduct monetary policy. 4 discuss contemporary issues in monetary policy and financial stability. 5 conduct a theoretical analysis of real-world issues and phenomena in money and banking University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1-5 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
1-5 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
1-5 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
1-5 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
1-4 Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
4,5 -
Learning Resources
Required Resources
The textbook for this course is:
Champ, Freeman and Haslag: "Modeling Monetary Economies," 4th Edition, Cambridge University Press.Online Learning
Lectures will be pre-recorded and made available to students on MyUni a weekly basis.
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Learning & Teaching Activities
Learning & Teaching Modes
Recorded Lectures (2 hours per week) supported by tutorials (1 hour per week).
Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Students are expected to devote an average of 12 hours per week to this course:
- Watching Lectures : 2 hours per week
- Attending Tutorials : 1 hour per week
- Independent Study : 9 hours per week (includes reading lecture notes and textbook's chapters; preparing for the tutorial by working on the exercises and reading the required articles; preparing for mid-semester exam and final exam)
Learning Activities Summary
The course outline provided below is tentative and subject to changes.
1) A Simple Model of Money (Ch. 1) [Week 1-2]
2) Inflation (Ch. 3) [Week 3-4]
3) International Monetary Systems (Ch. 4) [Week 5-6]
4) The Phillips Curve (Ch. 5) [Week 7-8]
5) Capital (Ch. 6) [Week 9]
6) Liquidity and Financial Intermediation (Ch. 7) [Week 10]
7) Bank Risk (Ch. 12) [Week 11]
8) Liquidity Risk and Bank Panics (Ch. 13) [Week 12]
Specific Course Requirements
Students are expected to actively participate in the tutorials.
For the mid-term exam and the final exam: Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process, and may affect marks. Marks cannot be awarded for answers that cannot be read or understood.
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Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Note that legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process, and may affect marks. Marks cannot be awarded for answers that cannot be read or understood.Assessment Task Task Type Weighting Learning Outcome Active Participation in Tutorials Individual 10% Mid-Semester Exam Individual 40% Final Exam Individual 50% Total 100% Assessment Related Requirements
Students must obtain an overall grade of 50% to pass the course. This does not mean that students have to achieve 50% for each and every assessment task or for the final examination; but the sum of all assessment tasks must equal or exceed 50%.Assessment Detail
Mid-term: maximum marks (40 marks)
- The date of the mid-term exam will announced on MyUni at the beginning of the Semester (within the first two weeks).
- The mid-term exam will cover the material that will have been discussed during the lectures, tutorials and seminars up to the date of the mid-term exam.
- The mid-term will count for 40% of the final course grade
Final Exam: maximum marks (50 marks)
The final examination date will be advised by the University. Students are required to make themselves available for the entire examination period.
Submission
Tutorial assignments will be submitted in tutorial classes.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through .
Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result. -
Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student鈥檚 disciplinary procedures.
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