ECON 1009 - International Financial Institutions & Markets I
North Terrace Campus - Semester 2 - 2016
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General Course Information
Course Details
Course Code ECON 1009 Course International Financial Institutions & Markets I Coordinating Unit Economics Term Semester 2 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, weekly written assignments, on-line tests & a final exam Course Staff
Course Coordinator: Dr Steven Hail
Office hours: To be advised
Office location: Nexus 10, Level 3, Room 3.34Course Timetable
The full timetable of all activities for this course can be accessed from .
Each student is expected to attend two one hour lectures each week, and a one hour tutoria. A full timetable of the lectures and tutorials can be found on the Course Planner at:
The lectures 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 actively engage in class 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:
1 To understand important financial economic principles 2 To apply financial economic principles to solving problems 3 To develop analytical skills 4 To develop both independent learning and group work skills 5 To develop verbal and non-verbal communication skills 6 To understand the broader social consequences of financial economic decisions making 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) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1,2,6 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
3,4,5 Teamwork and communication skills
- developed from, with, and via the SGDE
- honed through assessment and practice throughout the program of studies
- encouraged and valued in all aspects of learning
4, 5 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1, 2, 3, 6 Intercultural and ethical competency
- adept at operating in other cultures
- comfortable with different nationalities and social contexts
- able to determine and contribute to desirable social outcomes
- demonstrated by study abroad or with an understanding of indigenous knowledges
4, 5, 6 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
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Learning Resources
Required Resources
Students are NOT required to purchase a specific text book for this course. Readings will be provided across the course on Myuni.
Students WILL require continuous access to a basic scientific calculator. Students are NOT permitted to use either graphical or financial calculators in the final examination.
A basic and low cost scientific calculator, with a power function (^ or Yx button), is all students require, and all they will be permitted to use in this course.Recommended Resources
The following texts are of value to students requiring a background study text.
Hunt, B, & Terry, C.(2015), Financial Institutions and Markets, 7th Edition, Cengage Learning Australia
Viney C. (2011), Financial Market Essentials, McGraw Hill Australia
Valentine, Ford, O'Hara and Sundmacher (2011), Fundamentals of Financial Markets and Institutions in Australia, Pearson Australia
Bodie Z., Merton R., & Cleeton D. (2009), Financial Economics, 2nd edition, Pearson International Edition (now out of print)
Previous editions of Valentine, Hunt and Terry, or of Viney, are also of use.Online Learning
All of the material related to the course, e.g. supportive readings, tutorial questions, lecture slides, practice questions, practice examination papers 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 boards on the MyUni webpage.
There will be separate forums for each component of the course and students are encouraged to use these forums for questions. The 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 the problem solving approach to learning.
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.
Lecturer’s and tutors’ consultation times and locations are available also on MyUni.
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 MyUni.
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.
Week Lecture Topic Tutorial Topic 1 Introduction to Finance & the Financial System No Tutorial 2 Financial Markets and The Flow of Funds Introduction to Finance & the Financial System 3 Financial Calculations and Financial Markets Financial Markets and The Flow of Funds 4 Household Saving and Investment Decisions Financial Calculations and Financial Markets 5 Debt Securities Household Saving and Investment Decisions 6 Shares and the Stock Market Debt Securities 7 Risk and Return Shares and the Stock Market 8 Deposit Taking Institutions Risk and Return Mid Semester Break Mid Semester Break Mid Semester Break 9 Monetary Policy Deposit Taking Institutions 10 The Foreign Exchange Market Monetary Policy 11 Financial Derivatives The Foreign Exchange Market 12 Financial Instability and Financial Crises Financial Derivatives and a Financial Crisis
Specific Course Requirements
HURDLE REQUIREMENT: To gain a pass mark in this course, at least 50 per cent must be obtained overall, and in addition there is a hurdle requirement that you must also obtain at least 35 per cent of the marks available in the final examination.
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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
Assessment Elements Weightings Course Learning Outcomes 6 on-line assignments (from week 2-12) 25% 1,2,3,4,5,6 Tutorial participation 5% 5,6 Two on-line tests 20% 1,2,3 Final Examination* 50% 1,2,3,6
* Please note that the Course Learning Outcomes have been mapped into University Graduate Attributes above.** Please note that there is a Hurdle Requirement on this course. 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 40% in the final examination, they will be awarded a final mark of 49%.
As an example, a student gaining 80% of the available marks for their on-line assignments (20 out of 25), full marks for tutorial participation (5 out of 5), and 90% of the available marks from their on-line tests (18 out of 20), would have secured 43 out of the 50 marks available prior to the final examination. If that student then achieved a mark in the final examination of 30% (15 out of 50), this would generate a total mark of 58 out of 100.
That student would, however, 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, in the first lecture.
*** Assessments other than the final examination are redeemable in the final examination. For example, if a student secures a higher percentage grade in the final examination than in the on-line assignments, then the final examination mark will replace the assignment mark in the calculation of the overall grade.Assessment Related Requirements
- To gain a pass mark in this course, at least 50 per cent must be obtained overall.
- In addition, students are required to gain at least 35% of the marks available in the final examination.
- Legible hand-writing and the quality of English expression are considered to be an integral part of the assessment process.
- Marks will not be awarded for answers that cannot be read.
- All elements of in-course assessments are redeemable in the final examination.
- This will be explained during the first week of the semester.
Assessment Detail
Tutorial Assignments 25% (redeemable in final exam):
Students will be asked to submit six on line assignments, which will be available to download from MyUni . These are due for completion by Friday at 5pm from every second week, starting in week 2. There will be a total of 6 tutorial assignments. The questions for the tutorial assignments will relate to material that was covered in the lectures in the previous weeks.
Due Date: Friday 5pm in week 2, 4, 6, 8, 10, and 12.
No late submissions will be accepted, so you are advised NOT to leave it to Friday afternoon to submit your assignments
Tutorial Participation 5% (redeemable in final exam):
Your attendance in the tutorials is compulsory and will be recorded by your tutor. Based on your attendance and active participation in the tutorial you will be awarded up to 5% of your total grade. Active tutorial participation consists of preparing the answers to the tutorial questions, contributing to class discussion and answering questions posed by your tutor.
Two On-Line Tests 2 x 10% = 20% (each of which is redeemable in final exam):
The tests will be administered online during weeks 7 and 12. The tests will consist of multiple choice questions. The material for the first test will be based on the first 5 topics of the course. The material for the second test will be based on the first 11 topics
Date: Online in weeks 7 and 12
Final Examination 50% (or more):
There will be a two hour final examination for this course which will be held during the examination period. You will be advised of the date, time and venue in due course. Please note the hurdle requirement, which relates to your final examination. You are required to score at least 35% of the marks available in the final examination, if you are to pass overall.
Further information will be published on MyUni and discussed in the lectures.
Due Date: Available on Access Adelaide after the course commences.Submission
Tutorial assignments must be submitted on line by Friday at 5pm in weeks 3, 4, 5, 6, 7, 8, 9, 10, 11 and 12.
Late submission of the tutorial assignments will not be accepted, except when authorised by the course co-ordinator.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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