Australian capital markets
Ms Kathy Avram
6 points * 3 hours per week * Second semester * Caulfield, In-house
Objectives On the successful completion of this subject the student should have developed an analytical framework of the operation of Australian capital markets; be able to evaluate and implement funding decisions in capital markets; appreciate the implications of economic policy decisions on financial institutions and markets.
Synopsis Development of money and financial markets and financial flows analysis; intermediation; economic role of the different financial institutions; determination of interest rates and yield curve analysis in financial markets; exchange rates and money supply; sources of short-term, medium-term and long-term finance; sources of overseas borrowing; an introduction to interest rate and exchange rate management; performance of the financial system.
Assessment Assignment (6000 words): 40% * Final examination (2 hours): 60%
Prescribed texts
Juttner D J Financial markets, interest rates and monetary economics 3rd edn, Longman Cheshire, 1994
Bruce R and others Handbook of Australian corporate finance 4th edn, Butterworths, 1991