Faculty of Business and Economics

Undergraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

To find units available for enrolment in the current year, you must make sure you use the indexes and browse unit tool in the current edition of the Handbook.

FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedClayton First semester 2013 (Day)
Clayton Second semester 2013 (Day)
Sunway Second semester 2013 (Day)


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.


The learning goals associated with this unit are to:

  1. describe the institutions, instruments and markets that comprise a developed financial system
  2. apply the concepts and techniques used by financial professionals in the debt, equity, foreign exchange and derivative markets
  3. define the specialist terms and language of finance
  4. apply the knowledge of financial mathematics to the pricing and valuation of equity, debt and derivative instruments
  5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFC2000.


Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Dr Shrimal Perera (First semester)
Dr Minh Do (Second semester)

Contact hours

3 hours per week


AFC1100, AFC2100, AFF1300, AFG1300, AFW1300