Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.
To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Sean Turnell
Contact via sean.turnell@mq.edu.au
TBA
Amarjeet Kuar
|
---|---|
Credit points |
Credit points
10
|
Prerequisites |
Prerequisites
50cp at 1000 level or above including ECON110 or ECON111 or ECON1020
|
Corequisites |
Corequisites
|
Co-badged status |
Co-badged status
|
Unit description |
Unit description
This unit provides an overview of the Australian and global financial systems and the management of financial institutions. Topics may include: the objectives and performance of financial institutions; risks and their controls; asset and liability management; credit evaluation; capital adequacy and regulations; informal money lenders and microfinance institutions; and shadow banking. The unit pays particular attention to the events and circumstances that, in recent times, have caused great difficulties in the financial sector, as well as the lessons learnt as a consequence. |
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Online Test 2 | 60% | No | Week 13 |
Essay | 20% | No | 26/09/20 |
Online Test 1 | 20% | No | Week 7 |
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 50 hours
Due: Week 13
Weighting: 60%
A two-hour test will be held in week 13.
Assessment Type 1: Problem set
Indicative Time on Task 2: 30 hours
Due: 26/09/20
Weighting: 20%
This assessment involves writing a 1,800- 2,000 word essay on a topic given.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 3 hours
Due: Week 7
Weighting: 20%
A one-hour test will be held in week 7.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Students are expected to watch the weekly class, comprising lectures using a mix of theory and practical applications, and practice questions. All the material covered in class is examinable.
There is no prescribed textbook for the unit.
Recommended Texts and/or Materials
(i) Kidwell, D. et al. (2019). Financial Markets, Institutions and Money (4th edn). Australian Edition, John Wiley & Sons Australia.
(ii) Madura, J. (2018). Financial Markets and Institutions (12th edn). Cengage Learning,
(iii) Saunders, A. and Cornett, M. M. (2019). Financial Markets and Institutions (7th edn). McGraw Hill Education.
Other resources useful for this unit:
https://www.theaustralian.com.au/business
Banking Weekly Podcasts - Financial Times: podcast.ft.com/banking-weekly
IMF Podcasts
The lectures of Econ 2035 are recorded on the University’s i-Lecture facility. This can be found at: http://ilearn.mq.edu.au
The iLearn facility at this same site will also be the main vehicle through which unit communications will be made, and via which students can communicate with each other.
As noted above, this unit is taught via lectures each week. In terms of student activity in relation to this, it is suggested that lecture slides and/or any readings be read in advance. Meanwhile, keeping up to speed on events impacting financial institutions and markets will be highly advantageous.
1 | An Overview of Financial Institutions, Risks and Regulations |
2 | The Theoretical Rationale of Financial Institutions |
3 | Liabilities Management |
4 | Credit risk Management |
5 | Securities Portfolio Management |
6 | Interest Rate Risk Management |
7 | Liquidity Management |
8 | Capital Management (Parts 1 and 2) |
9 |
Financial Institutions in Less Developed countries |
10 | Managing Banking Crises |
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au or if you are a Global MBA student contact globalmba.support@mq.edu.au
The nature of scholarly endeavour, dependent as it is on the work of others, binds all members of the University community to abide by the principles of academic honesty. Its fundamental principle is that all staff and students act with integrity in the creation, development, application and use of ideas and information. This means that:
Further information on the academic honesty can be found in the Macquarie University Academic Honesty Policy at http://www.mq.edu.au/policy/docs/academic_honesty/policy.html
Macquarie University uses the following grades in coursework units of study:
Grade descriptors and other information concerning grading are contained in the Macquarie University Grading Policy which is available at:
http://www.mq.edu.au/policy/docs/grading/policy.html
If, at the conclusion of the unit, you have performed below expectations, and are considering lodging an appeal of grade and/or viewing your final exam script please refer to the following website which provides information about these processes and the cut off dates in the first instance. Please read the instructions provided concerning what constitutes a valid grounds for appeal before appealing your grade.
The University is committed to equity and fairness in all aspects of its learning and teaching. In stating this commitment, the University recognises that there may be circumstances where a student is prevented by unavoidable disruption from performing in accordance with their ability. A special consideration policy exists to support students who experience serious and unavoidable disruption such that they do not reach their usual demonstrated performance level. The policy is available at:
http://www.mq.edu.au/policy/docs/special_consideration/policy.html
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
If you are a Global MBA student contact globalmba.support@mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
This unit makes extensive use of Macquarie University researchers, as can be seen from the reading guide, lecture slides, and elsewhere.
The Unit Convenor is an active researcher in financial sector reform in Asia and the latest findings of her empirical and theoretical work will be used throughout Econ335.