Year No. Offer Mode Description Cred. Pts 99 55701 S1 X ISSUES IN FINANCIAL MARKET 1.00
The structure and operation of financial systems are of increasing importance for the conduct of business in all sectors of the economy and for the general performance of the real economy. Students working in business need to understand the nature and operation of financial institutions and markets and to be conversant with the changing range of financial products and their application. Further, they need to appreciate the significance of the global financial system and to understand the issues raised by the rapid changes that have occurred and are occurring in the operation and performance of international and the domestic financial systems.
This unit examines the structure, operation and performance of the Australian financial system using principles of financial and monetary economics. Students are introduced to a selection of financial markets, products and institutions, the operations of which largely determine key financial variables that affect decisions to save and invest in the real economy. In order to provide a global perspective, aspects of the financial systems in a number of other countries are also examined.
Upon completion of this unit, students should be able to:
Description Weighting(%)
- The Financial System
- Financial Institutions
- Equity Markets
- Corporate Debt Markets
- Government Debt Markets
- Monetary Policy and the Short Term Money Market
- Pricing Securities
- Foreign Exchange
- Risk Management and Derivatives Markets Topics carry equal weight in the course.
Hunt, B. and Terry, C. (1997), Financial Institutions and Markets,
2nd Ed., Thomas Nelson, Melbourne.
Allen, L. (1997), Capital Markets and Institutions: A Global View,
Wiley, New York.
Bruce, R., McKern, B., Pollard, I., and Skully, M., (eds), (1997),
Handbook of Australian Corporate Finance 5th Ed., Butterworths,
Sydney.
McGrath, M., and Viney, C., (1997), Financial Institutions,
Investments and Markets, 2nd Ed., McGraw-Hill, Sydney.
Stemp, P., and Milne-Pott, J., (eds), (1996), Australian Readings in
Monetary and Financial Economics, Longman, South Melbourne.
ACTIVITY HOURS Directed Study 132 Assessments 33
No *F/S Marks Due Description Wtg(%) LBL WWW 1 S 20.00 19/03/99 ASSIGNMENT 1 20.00 Y N 2 S 20.00 07/05/99 ASSIGNMENT 2 20.00 Y N 3 S 100.00 END S1 EXAMINATION 3 HOURS 60.00 N N
1 TO GAIN A PASSING GRADE IN THE UNIT A STUDENT MUST: a) obtain a
passing mark in aggregate for the unit's assessment items, AND b)
obtain a satisfactory mark in the formal exam, AND c) submit
genuine attempts for the following MANDATORY items of assessment:
ASSIGNMENTS 1 AND 2.
2 Students must retain a copy of all pieces of assessment which
must be produced if/when required by the lecturer.
3 LATE ASSIGNMENTS
3.1 All assessments submitted after the due date (and not approved
for extension) in accordance with university policy will be
penalised 20% per working day.
3.2 If students submit assignments after the due date and wish to
claim extenuating circumstances then they shall provide validated
documentary evidence with the assignment, explaining the
circumstances.
3.3 The unit examiner shall consider the statement accompanying a
late assignment and decide on the outcome.
4 Assignments not submitted in the appropriate assignment folders
will be deemed as not being received.
5 DISHONEST ACTIONS
5.1 Any student who is alleged to having performed a dishonest action
relating to any assessment in the unit will have a course of
action taken against him/her as outlined in the Academic
Regulations.
5.2 Pieces of assessment should be the work of individual students.
Joint pieces of assessment are not permitted unless written
approval has been obtained from the unit leader.
5.3 Dishonest action in relation to assessment includes: - copying or
attempting to copy the work of others; - use of or attempting to
use information prohibited from use in that form of assessment; -
submitting the work of another as your own; - consciously
committing acts of plagiarism, ie taking and using another's
thoughts or writings as one's own with intent to deceive, which
occurs when paragraphs, sentences, a single sentence or
significant parts of a sentence which are copied directly, are
not enclosed in quotation marks and appropriately footnoted or
referenced in the text direct quotations are not used, but text
is paraphrased or summarised, and the source of the material is
not acknowledged by footnoting or other reference in the text.
6 DEFERRED EXAMINATIONS
6.1 Deferred examinations will be granted at the Dean's discretion in
the case of medical or compassionate circumstances having regard
to item 1. If a deferred examination has been granted students
shall normally sit the deferred examination in the semester in
which the unit is next offered, but no later than the next
semester 3 examination period. If, for whatever reason, this
deferred examination is not taken then the student will be graded
`F'.
6.2 Medical evidence on the appropriate University of Southern
Queensland medical certificate or doctor's certificate must be
received by the Faculty Administrator no later than twenty-one
(21) days after examination date. A medical certificate must be
dated with the same date as the period of illness for which the
absence from examination is being sought and clearly indicate the
student's name and, if possible, student number. (Retrospective
medical certificates will not be accepted for either assignment
work or examinations.)
6.3 A student's medical condition must be stated clearly (IN
ENGLISH). (Certificates stating a student has a 'Medical
Condition' may not be sufficient grounds for deferment of
examination). Medical evidence must cover the student for the
day(s) of the missed examination(s).
6.4 Requests must be in writing to the Faculty Administrator clearly
stating the student name and number, unit number of the
examination missed due to illness and current address. Deferral
of an examination CANNOT be granted on an existing deferral in
that unit.
6.5 Requests on grounds other than medical MUST BE supported by
documentation.
6.6 Students who have a medical condition or have genuine
compassionate or work related problems on the day of the
examination are advised to obtain documentary evidence and NOT
attempt the examination. If a student makes an attempt at the
examination, the assessment item will be marked and a grade
awarded. In these cases, a student cannot, after receiving a
'Fail' grade, request a deferred examination or special
consideration.
6.7 Students who have been granted deferred examinations will not be
granted a waiver of prerequisites, without the permission of the
Heads of Department, in subsequent semesters (if they do not have
a passing grade).
7 Unit weightings of topics should not be interpreted as applying
to the number of marks allocated to questions testing those
topics in an examination paper. The examination may test material
already tested in assignments.
8 Mechanised erasers are not permitted in exam venues.
9 The examination is CLOSED BOOK which means that students are NOT
permitted to bring into the exam room and use any written or
printed material.
10 Students should also refer to the Faculty of Commerce 'Guide to
Policies and Procedures' section of the University Handbook for
further information on the above matters.