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 2023 in Semester 1 and Semester 2 at Clayton and Caulfield. It has no prerequisites and unlocks 1 unit.
- Credit points
- 6
- Offered in 2023
- Semester 1, Semester 2
- Clayton, Caulfield
- Assessment
- Exam 100%
- and 2 other tasks
- Workload
- 144 hours
- per semester
This is the 2023 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 B4001, B5001, 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; banks’ performance, 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 2023
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Clayton | On campus |
| Second semester | Clayton | On campus |
| November teaching period | Caulfield | Block on |
Assessment
- Within semester assessment40%
- ExaminationThreshold hurdle60%
- Within semester assessment60%
- Examination40%
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 to apply theoretical concepts to discuss current issues in the financial markets
- 4
work in a team to analyse and resolve financial market issues
- 5
demonstrate a comprehensive understanding of the components and functioning of capital markets in an open economy.
Workload and teaching
- Workshops36 hours
- Teaching approachProblem-based learning
- 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.
This unit includes problem-based learning approaches, where you engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
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
There may be an additional cost associated with purchasing a physical and/or virtual calculator. Specific details will be provided in the Learning Management System by commencement of Orientation week.
Contacts
- Chief Examiners
- Dr Ali Sheikhbahaei
- Dr Minh Do
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.
When is BFC5926 offered?
In 2023, BFC5926 runs in Semester 1 and Semester 2 at Clayton 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 100% of the final mark, alongside 3 other tasks.