AFC2000 - Financial institutions and markets

Leader(s): Dr Andrew Sanford

Offered

Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)

Synopsis

The unit provides a broad overview of the functioning of a developed financial system. Coverage includes retail and wholesale payments systems; the roles of deposit-taking institutions; insurance corporations and funds management within the financial system; and their sources and application of funds. The role and function of the main financial markets including the money market, bond market, share market, foreign exchange market and derivatives market. The role and responsibilities of the central bank and prudential supervisor.

Objectives

The learning goals associated with this unit are to:

• describe the institutions, instruments and markets that comprise a developed financial system
• apply the concepts and techniques used by financial professionals in the debt, equity, foreign exchange and derivative markets
• define the specialist terms and language of finance
• apply the knowledge of financial mathematics to the pricing and valuation of equity, debt and derivative instruments
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory finance.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Contact hours

Two 1-hour lectures and one 1-hour tutorial

Prohibitions

AFF1300, AFW1300, AFC1100, AFC2100