ECC3750

Evolution of the Australian financial system

(BUS)

Associate Professor Tony Dingle and Mr Michael White

6 points + Two 1-hour lectures and one 1-hour tutorial per week + First semester + Clayton + Prerequisites: Any two second-year economics subjects + Prohibition: ECC3754

Synopsis: Evolution of Australian banking and finance from European settlement to the present, especially during the last fifty years. How institutional change has resulted from the demands of an evolving economy. The impact of changes in financial activity on levels of economic activity, notably during periods of financial instability. Criticisms of the financial system following the depressions of the 1890s and 1930s, and the regulation of the system after 1945. The results of deregulating in the 1980s as Australia became increasingly integrated into the global financial system.

Assessment: Tutorial assessment: 10% + Essay (3000 words): 40% + Examination (2 hours): 50%