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BEO1105: Economic Principles
Dr Sydney Lambrick (Footscray Park)
G321 Footscray Park
Ms Marian Burford (Footscray Park)
Ms Christine Oh (Sunway)
Dr Feng Li (Lioning)
The aims of this subject are to: (i) expose students to some of the more recent developments in Australian financial markets and (ii) provide students with an advanced theoretical framework for the analysis of financial markets and monetary developments. LEARNING OUTCOMES
On completion of this subject, you should be able to:
1 Explain the functions of a financial system and the role of financial institutions and markets in the functioning of the economy. 2 Identify and discuss the characteristics of different types of financial institutions and instruments. 3 Evaluate, using economic principles, the efficiency of a financial system and be able to identify barriers to efficient outcomes. 4 Identify and summarise the principal functions of the Reserve Bank and Australian Prudential Regulation Authority, and differentiate their respective roles. 5 Explain the role of monetary policy in contributing to economic stability, and debate the effectiveness of different approaches to its implementation 6 Summarise and evaluate the role of financial institutions and markets in the implementation of monetary policy. 7 Debate the rationale for regulation of the financial system and assess current regulatory regimes.
Interest rates and monetary policy, banking, non bank financial institutions, financial sector regulation, private and government debt.
TEACHING & LEARNING STRATEGIES
This Unit of Study will be delivered as a one three hour seminar per week. It is expected that you will spend at least ten hours per week studying this Unit (including lecture and tutorial time). This time should be made up of reading, research, working on exercises and group work. In periods where you need to complete assignments or prepare for tests, the workload may be greater. GRADUATE CAPABILITIES
Victoria University’s Graduate Capabilities are generic skills that all students should possess at graduation. These skills are in addition to the specific knowledge and skills associated with the discipline area of students’ degrees. Graduate Capabilities are divided into five levels and will be achieved progressively with increasing levels of sophistication. A full description of the Graduate Capabilities can be found in the VU Graduate Capabilities policy pages 7-8. This unit of study contributes to development of these Graduate Capabilities in a number of ways, with emphasis on work both autonomously and collaboratively and work in an environmentally, socially and culturally responsible manner. Table 1 offers examples of how the teaching and learning activities in this unit and the assessment tasks correspond to each Graduate Capability.
Table 1: Unit of Study Graduate Capabilities
The assessment scheme has 3 components as listed below:
1 Seminar presentation
Examine recent developments in Australian financial markets and monetary developments . Presentation in seminars
From week 4
Display a sounf knowledge of the financial system.
P3, 13, C3, W3, S3, CD3...
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