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FINC13-304: Financial Markets and Institutions

Description

This subject introduces students to the mechanics of financial markets and institutions. The emphasis is on how markets work, how instruments are priced and how they are traded. The subject covers the evolution of financial institutions both in Australia and internationally, their roles and response to regulations and deregulation. The subject also considers the types and functions of financial intermediaries.

Subject details

TypeUndergraduate
CodeFINC13-304
EFTSL0.125
FacultyBond Business School
Semesters offered
  • May 2018 [Standard Offering]
  • September 2018 [Standard Offering]
Credit10
Study abroadAvailable to Study Abroad students
Study areas
  • Business and Commerce
Subject fees
  • Commencing in 2017: $4,205
  • Commencing in 2018: $4,247

Learning outcomes

1. Discuss the main participants in the Australian financial system and their roles.
2. Explain the main features of a modern financial system, with particular emphasis on the role of financial intermediaries.
3. Explain the structure and purpose of both the public and private equity markets.
4. Describe the characteristics of different types of debt securities and be able to price them.
5. Describe different theories of interest rate determination and explain the relationship between term to maturity, risk and interest rates.
6. Discuss the advantages and disadvantages of different measures of investment risk, and how the distribution of returns influences the assessment of risk.
7. Understand the nature and importance of risk management, with particular reference to the use of futures, forwards and swaps in managing specific risk exposures.
8. Describe the role of regulatory authorities in regulating how financial intermediaries manage their capital, and discuss the recent changes in international regulation on capital adequacy.

Prerequisites

Students must have successfully completed FINC12-200 Fundamentals of Finance or equivalent prior to undertaking FINC13-304.

Subject outlines

Subject dates

Standard
Enrolment opens19/03/2017
Semester start15/05/2017
Subject start15/05/2017
Cancellation 1?29/05/2017
Cancellation 2?05/06/2017
Last enrolment28/05/2017
Last withdrawal?09/06/2017
Teaching census?09/06/2017
Standard
Enrolment opens16/07/2017
Semester start11/09/2017
Subject start11/09/2017
Cancellation 1?25/09/2017
Cancellation 2?02/10/2017
Last enrolment24/09/2017
Last withdrawal?06/10/2017
Teaching census?06/10/2017