Money and Banking

Course code ECON3004Units 10Level 3000Faculty of Business and LawNewcastle Business School

This course introduces students to the basic concepts and the principles of money, credit and banking (including central banking and monetary policy) with specific reference to countries of the Asia-Pacific. Theoretical, operational, regulatory and policy aspects of banking/financial systems and their vulnerabilities to shocks (domestic and external) are discussed using contemporary examples.

Available in 2014

Callaghan CampusSemester 2
Previously offered in 2013, 2012, 2011, 2010
ObjectivesOn successful completion of this course, students will be able to:
1. Identify the principles behind the workings of the financial system;
2. Demonstrate knowledge about the evolution of financial markets and various credit instruments; and the evolution of money and its functions;
3. Analyse the operations of equity and debt (bond) markets including interest rates movements;
4. Demonstrate an understanding of the history, structure, operations and regulation of the financial systems of the Asia-Pacific; and the evolution of central banking, and the design and conduct of monetary policy in the Asia-Pacific;
5. Demonstrate an awareness of the functions of international financial institutions, such as the International Monetary Fund and the Bank of International Settlements.
ContentLectures may include, but are not restricted to, the following topics:
1. Introduction to Money, Credit and Banking
2. Credit Markets and Interest Rates
3. Commercial Banking
4. Central Banking and Monetary Policy
5. International financial institutions and financial structure
Replacing Course(s)This course replaces ECON2540.
TransitionThis course is not available to students who have successfully completed ECON2540.
Industrial Experience0
Assumed KnowledgeECON2001 and ECON2002
Modes of DeliveryInternal Mode
Teaching MethodsLecture
Assessment Items
Examination: FormalFinal exam in formal exam period.
Quiz - ClassIn class test.
Contact HoursLecture: for 2 hour(s) per Week for Full Term
Tutorial: for 1 hour(s) per Week for 12 weeks
Timetables2014 Course Timetables for ECON3004