BFF5926 Financial institutions and markets
Faculty of Business and Economics
BFF5926 Financial institutions and markets is a level 5, 6-credit-point, postgraduate unit from the Faculty of Business and Economics, offered in 2027 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 1 unit.
- Credit points
- 6
- Offered in 2027
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
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Requisites
Before BFF5926
Prohibitions
You can't enrol if you have passed any of these.
Enrolment rules
You must be enrolled in course B4001, B5001, B6004, B6014 or B6060 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 2027
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Written50%
- Examination50%
Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.
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
- Seminars12 hours
- Tutorials24 hours
- Teaching approachEnquiry-based learning
- Teaching approachResearch activities
- Teaching approachActive learning
- Teaching approachProblem-based 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. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.
This unit engages you in enquiry-based learning, where you will be encouraged to use your own knowledge to develop and engage in a process of enquiry, study and research to identify areas to be investigated and an approach to doing so.
This unit allows you to develop your research skills by engaging in structured inquiry using a systematic approach and discipline-specific methodologies.
This unit engages you in actively applying your knowledge, skills and attributes in interactive, collaborative and reflective activities.
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.
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 Minh Do
Common questions
What are the prerequisites for BFF5926?
BFF5926 has no prerequisites, but enrolment rules apply.
What can I take after BFF5926?
BFF5926 is a prerequisite or corequisite for 1 unit, including BFF5914.
When is BFF5926 offered?
In 2027, BFF5926 runs in Semester 1 and Semester 2 at Caulfield.
How much work is BFF5926?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BFF5926 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.