BFC5926 Financial institutions and markets
Faculty of Business and Economics
BFC5926 Financial institutions and markets is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2021 in Semester 1 and Semester 2 at Clayton, Suzhou and Caulfield. It has no prerequisites and unlocks 1 unit, leading on to 2 units in all.
- Credit points
- 6
- Offered in 2021
- Semester 1, Semester 2
- Clayton, Suzhou, Caulfield
- Assessment
- Exam 60%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2021 handbook entry. See the 2024 entry.
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Requisites
Before BFC5926
No prerequisites or corequisites besides the enrolment rules below.
Enrolment rules
You must be enrolled in course B6004 to undertake this unit.
Overview
Topics include 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.
Offerings in 2021
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| Second semester | Clayton | On campus |
| Second semester | Suzhou | On campus |
| October 12 week teaching period | Caulfield | On campus |
| October 12 week teaching period | Suzhou | On campus |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
Learning outcomes
When you finish this unit, you should be able to:
- 1
compare and contrast specific types of financial institutions, instruments and markets in order to explain the distinctions between their operations, usage and regulation
- 2
critically evaluate the assumptions and conventional wisdom relating to the term structure of interest rates and foreign exchange rates
- 3
develop academic skills by accessing electronic data sources and hard copy references to evaluate a case study assignment
- 4
develop an ability to work in a team by requiring syndicates to submit written solutions to assigned case studies, and thereby demonstrate effective interpersonal communication skills and develop a team orientated approach to work effectively as a team member to produce a professional quality business document solving financial institution related issues
- 5
demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the components and functioning of capital markets in an open economy as exemplified by the unit.
Workload and teaching
- Workshops12 hours
- Lectures24 hours
- Tutorials12 hours
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
Learning resources
Required resources
Kidwell, D., Brimble, M., Docherty, P., Mazzola, P. and Basu, A. (2018), Financial markets, institutions and money (4th Edition). Milton: John Wiley & Sons, Australia. Available in hardcopy or etext from the Monash Bookshop or online https://www.wileydirect.com.au/buy/financial-markets-institutions-and-money-4th-edition/
Technology resources
The only Faculty approved calculators permitted in tests and examinations for all Australian campuses and locations is the HP10bII+ or Casio FX82 (any suffix).
Contacts
- Chief Examiners
- Dr Amanda Nguyen
- Dr Minh Do
- Dr Hue Hwa Au Yong
Common questions
What are the prerequisites for BFC5926?
BFC5926 has no prerequisites, but enrolment rules apply.
What can I take after BFC5926?
BFC5926 is a prerequisite or corequisite for 1 unit, including BFC5914. Those lead on to 2 units in all.
When is BFC5926 offered?
In 2021, BFC5926 runs in Semester 1 and Semester 2 at Clayton, Suzhou and Caulfield.
How much work is BFC5926?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BFC5926 have an exam?
Yes. The exam is worth 60% of the final mark, alongside 1 other task.