The University of Newcastle, Australia
Available in 2020
Course code



10 units


1000 level

Course handbook


Financial institutions and markets are the cornerstones of the modern financial system, and as such, knowledge of these organisations is important in any professional career in the business world.

This course provides students with an introduction to the Australian financial markets and an evaluation of the institutions, instruments and participants involved in the industry. The markets to be evaluated include the equity, bond, futures, and options markets. The course systematically reviews each of these financial markets and examines the various institutional participants and the different types of financial instruments offered.

Availability2020 Course Timetables

Newcastle City Precinct

  • Semester 1 - 2020
  • Semester 2 - 2020

PSB Singapore

  • Trimester 2 - 2020 (Singapore)
  • Trimester 3 - 2020 (Singapore)


  • Semester 2 - 2020

Learning outcomes

On successful completion of the course students will be able to:

1. Describe the components of the Australian financial system.

2. Identify and explain the basic instruments of corporate funding

3. Apply basic financial mathematics to financial problem solving

4. Analyse financial instruments and apply valuation techniques to financial instruments

5. Analyse the participants, operations and characteristics of the equity, bond, futures and options markets


The topics in this course include the following:

  1. An introduction to the financial system
  2. Banks
  3. Non-bank financial institutions
  4. Simple and compound interest
  5. Annuities
  6. The securities market
  7. Corporations and the share market
  8. Investors and the share market
  9. Short-term debt
  10. Long-term debt
  11. Derivatives


This course replaces ACFI2005. If you have successfully completed ACFI2005, you cannot enrol in this course.

Assumed knowledge

HSC Mathematics or equivalent

Assessment items

Quiz: Online Quizzes

In Term Test: Mid Semester Test

Formal Examination: Final Examination

Contact hours

Ourimbah, Newcastle City Precinct and PSB Singapore

Integrated Learning Session

Face to Face On Campus 1 hour(s) per Week for Full Term starting in week 1

Students are expected to complete 6 hours of guided learning via online preparation and workshops, and an additional 4 hours of independent study per week.


Face to Face On Campus 2 hour(s) per Week for Full Term starting in week 1