USQ Logo
The current and official versions of the course specifications are available on the web at https://www.usq.edu.au/course/specification/current.
Please consult the web for updates that may occur during the year.

FIN1103 Financial Markets

Semester 2, 2022 Online
Units : 1
Faculty or Section : Faculty of Business, Education, Law and Arts
School or Department : School of Business
Student contribution band : Band 4
Grading basis : Graded
Version produced : 27 June 2022

Staffing

Examiner: Suzanne Maloney

Overview

The structure and operation of financial systems are pivotal in shaping the design and conduct of business and influencing the performance of the real economy. It is essential for students seeking to work in business 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, the operation and performance of the domestic financial system, and the ethical conduct of financial services providers.

This course examines the structure and operation of the Australian financial system using principles of financial and monetary economics. Students are introduced to a selection of financial markets, products and institutions of which operations largely determine key financial variables affecting decisions to allocate funds in the real economy.

Course learning outcomes

On successful completion of this course, students should be able to:

  1. generate a working knowledge of the current issues in domestic and international financial markets and discuss the importance of ethical conduct in the financial services industry;
  2. apply a working knowledge of the payment system, deposit-taking and the operation of domestic debt and equity markets to make decisions in a financial services context;
  3. synthesise the operation of Australia's foreign exchange market and its relationship with off-shore capital markets in the global financial system;
  4. evaluate the use of financial products, including the use of forward rate agreements and futures contracts, to manage interest rate risk;
  5. judge techniques to price various financial products, including futures, options and swaps.

Topics

Description Weighting(%)
1. Introduction to markets and finance professional ethics 10.00
2. The payment system and deposit-taking institutions 10.00
3. Money and debt markets 15.00
4. Equity capital and the share market 15.00
5. Foreign exchange and offshore capital markets 10.00
6. Interest rate risk management 10.00
7. Financial futures 10.00
8. Interest rate swaps 10.00
9. Exchange traded options 10.00

Text and materials required to be purchased or accessed

Hunt, B & Terry, C 2019, Financial institutions and markets, 8th edn, Cengage Learning, South Melbourne, Victoria.

Student workload expectations

To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.

Assessment details

Approach Type Description Group
Assessment
Weighting (%) Course learning outcomes
Assignments Written Quiz 1 No 10 1,2
Assignments Written Essay No 30 1,2
Assignments Written Quiz 2 No 10 3,4
Examinations Non-invigilated Time limited online examinatn No 50 2,3,4,5
Date printed 27 June 2022