ECON 1009 - International Financial Institutions and Markets I
North Terrace Campus - Semester 1 - 2024
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General Course Information
Course Details
Course Code ECON 1009 Course International Financial Institutions and Markets I Coordinating Unit Economics Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Quota A quota may apply Assessment Typically, participation, online quizzes and assignments, and a final exam Course Staff
Course Coordinator: Dr Raul Barreto
email: raul.barreto@adelaide.edu.au
Phone 08 8313 3240
Office hours: Wednesdays, 11am - 12pm
Office location: Room 426 , Nexus 10 Tower , North Terrace (or via Zoom).Course Timetable
The full timetable of all activities for this course can be accessed from .
There will be a total of two hours of on-line lecture content each week, and a one hour tutorial (students may enrol in face-to-face or on-line tutorials, subject to spaces being available).
The lecture content will be used to explain the concepts, theories and models relevant to financial institutions and financial markets, whilst the tutorial time will be used to apply the acquired knowledge to practice questions. The tutorial questions will consist of a mix of real world and theoretical, quantitative and analytical, questions which will be posted on MyUni prior to the tutorials.
Students are expected to study the course materials carefully and to engage and actively participate in tutorial discussions. All work discussed in both the lectures and the tutorials and any submitted material will form the basis for the final examination. -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
- Identify and explain the main functions of the principal financial markets and institutions in a typical modern financial system.
- Apply balance sheet principles to describe and analyse the business of banking, the financial relationships which exist between different financial institutions, and those between the financial system and the rest of the economy.
- Identify the objectives of monetary policy, and to describe both orthodox and unconventional approaches used around the world to monetary policy implementation. Describe the three markets- the money market, the bond market and the equities market- with respect to their respective time and risk profiles. Understand the functional differences between the money market, the futures market, the bond market, the equities market, the derivatives market and the foreign exchange market.
- Be able to discuss the relationship amongst macroeconomic aggregates and the various markets. Describe the functional relationship between financial markets and changes in social welfare. Understand the nature of signals and messaging within financial markets.
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.
1-4 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.
3,4 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.
1-4 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.
1-4 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.
3 Attribute 6: Australian Aboriginal and Torres Strait Islander cultural competency
Graduates have an understanding of, and respect for, Australian Aboriginal and Torres Strait Islander values, culture and knowledge.
3 Attribute 7: Digital capabilities
Graduates are well prepared for living, learning and working in a digital society.
1-3 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.
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Learning Resources
Recommended Resources
Other resources will be supplied on the Canvas course web-site.
Online Learning
All of the material related to the course, e.g. supportive readings, tutorial questions, lecture slides, supplementary materials, mock examinations, and the full details of each assessment task will be available on MyUni.
To encourage collaborative learning, the course will also make use of discussion groups and a chat function on the MyUni webpage.
These forums will be monitored regularly and managed by the course co-ordinator.
The purpose of the forums is to encourage student’s collaborative learning and provide all students with equal access to information related to the course.
Course Website:
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Learning & Teaching Activities
Learning & Teaching Modes
The course is based on a mix of on-line lecture material, tutorials, other on-line resources, summative multiple-choice question progress tests, a formative and summative end-of-course essay, and a final examination.
Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.
It is expected that students will devote 12 hours learning activities per week for this course if they expect to receive a pass mark.
Learning Activities Summary
Classes will be held weekly commencing as per study schedule below. Note that tutorials commence in Week 2.
Membership of tutorial classes is to be finalised by the end of the third week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the lecturer-in-charge, but should be aware that such a request may not be approved.
Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.
Consultation and Communication
Check your student email and MyUni as course-related announcements are communicated via email.
Consultation times and locations are available also on .
NOTE the following time scheduled is not completely fixed and some deviations from the schedule might occur. This is ONLY the proposed time schedule. You will be informed of any deviations from this proposed schedule by attending the lectures and checking any relevant information and announcements on .
Week On-Line Lecture Topic Tutorial Topic 1 The Financial System No Tutorial 2 Financial Markets Introduction to Financial Institutions and Markets 3 The Monetary Authorities Introduction to Central Banking 4 The Reserve Bank of Australia and interest rates Introduction to Monetary Policy and Interest Rates 5 Money markets Governments and Central Banks 6 Bond markets Money markets Mid Semester Break 7 Equity markets Bond markets 8 Derivative markets Equity markets 9 Foreign exchange markets Derivative markets 10 Financial institutions Foreign exchange markets 11 The global financial crisis Financial Institutions 12 Overview The global financial crisis Specific Course Requirements
To gain a pass mark in this course, at least 50 per cent must be obtained overall. In addition, students are required to obtain at least 35 per cent of the marks which are available from the final examination. -
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
Assessment Task Task Type Due Weighting Learning Outcome Six multiple-choice quizzes Individual End of Week 2/4/6/8/10/12 20% 1-8 Active participation in tutorials. Individual weekly 10% 1-5,8 The Investment Game Individual End of week 5/7/11 10% 1,2,7,8 End of course examination Individual 40% 1-8 Course essay Individual End of Week 11 20% 1,2,3,8 Total 100%
Further details on the end of course essay will be published prior to the mid-semester break.
Please note that there is a Hurdle Requirement on this course, to ensure that those who pass the course have demonstrated competence in meeting the specified Course Learning Outcomes.
In order to secure a Pass grade overall, it is necessary to achieve a mark of at least 35% in the final examination, as well as a mark of at least 50% overall.
Should a student's overall marks sum to more than 50%, while they have secured a mark of below 35% in the final examination, they will be awarded a final mark of 49%.
As an example, a student whose weighted average mark across the coursework and the exam came to 52%, but who only secured a mark of 30% in the final examination, would be awarded an overall score of 49%, as the student would not have met the hurdle requirement.
This will be discussed at the beginning of the course, during the first lecture.Assessment Related Requirements
- To gain a pass mark in this course, at least 50 per cent must be obtained overall, and a mark of at least 35 per cent must be otanined in the final examination, as specified in the hurdle requirement above.
Assessment Detail
Active Tutorial Participation. 10% weight.
Students will be expected to not only attend tutorials, but to participate actively in tutorials on a weekly basis. Tutors will award a mark out of 10, based on active participation across the course. Further details regarding this assessment item will be published during the first week of the course.
Six On-Line Multiple-Choice Quizzes. best 5 of 6, each 4% = 20% weight.The tests will be administered online at the end of weeks 2, 4, 6, 8, 10 and 12. Further details regarding this assessment item will be published during the first week of the course.
Final Examination. 40% weight.There will be a two-hour final examination for this course which will be held during the examination period.
Please note the hurdle requirement relating to the final examination, which is that a student must secure at least 35 per cent of the available marks on the final examination in order to pass the course overall.Further information will be published on MyUni and discussed in the lectures.
Due Date: available on Access Adelaide during the semester, when the Exam Timetable has been published.
The Investment Game. 10% weight.
Students are expected to participate in a semester long investment competition where the grade depends on the student's success relative to his/her peers.
Key submission dates are weeks 5, 7 and 11.
Further information will be published on MyUni and discussed in the lectures.
End of Course Essay. 20% weight.
A 2,000 word essay will be due for submission at the end of week 11. The title for the essay will be published before the mid-semester break. The essay will assess learning outcome 3. Further details regarding this assessment item will be published during the first week of the course.Submission
The end-of-course essay must be submitted on line by Sunday at 12 midnight at the end of week 11. Late submission will not be accepted, except when authorised by the course co-ordinator.
Multiple-choice tests must be completed within a three day window (between Friday and Sunday) at end end of the relevant week.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 .
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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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