email:  raul.barreto@adelaide.edu.au  
Phone 08 8313 3240

Office hours: Wednesdays, 11am - 12pm 
Office location:  Room 426 , Nexus 10 Tower , North Terrace (or via Zoom).

There will be a total of two hours of on-line lecture content each week, and a one hour tutorial (students may enrol in face-to-face or on-line tutorials, subject to spaces being available).

The lecture content will be used to explain the concepts, theories and models relevant to financial institutions and financial markets, whilst the tutorial time will be used to apply the acquired knowledge to practice questions. The tutorial questions will consist of a mix of real world and theoretical, quantitative and analytical, questions which will be posted on MyUni prior to the tutorials.

Students are expected to study the course materials carefully and to engage and actively participate in tutorial discussions. All work discussed in both the lectures and the tutorials and any submitted material will form the basis for the final examination.

On successful completion of this course, students will be able to:

1. Identify and explain the main functions of the principal financial markets and institutions in a typical modern financial system.
2. Apply balance sheet principles to describe and analyse the business of banking, the financial relationships which exist between different financial institutions, and those between the financial system and the rest of the economy.
3. Identify the objectives of monetary policy, and to describe both orthodox and unconventional approaches used around the world to monetary policy implementation. Describe the three markets- the money market, the bond market and the equities market- with respect to their respective time and risk profiles. Understand the functional differences between the money market, the futures market, the bond market, the equities market, the derivatives market and the foreign exchange market.
4. Be able to discuss the relationship amongst macroeconomic aggregates and the various markets. Describe the functional relationship between financial markets and changes in social welfare. Understand the nature of signals and messaging within financial markets.

Other resources will be supplied on the Canvas course web-site.

All of the material related to the course, e.g. supportive readings, tutorial questions, lecture slides, supplementary materials, mock examinations, and the full details of each assessment task will be available on MyUni.

To encourage collaborative learning, the course will also make use of discussion groups and a chat function on the MyUni webpage.

These forums will be monitored regularly and managed by the course co-ordinator.

The purpose of the forums is to encourage student’s collaborative learning and provide all students with equal access to information related to the course.

Course Website: www.myuni@adelaide.edu.au

The course is based on a mix of on-line lecture material, tutorials, other on-line resources, summative multiple-choice question progress tests, a formative and summative end-of-course essay, and a final examination.

The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. Students in this course are expected to attend all lectures throughout the semester plus one tutorial class each week.

It is expected that students will devote 12 hours learning activities per week for this course if they expect to receive a pass mark.

Classes will be held weekly commencing as per study schedule below. Note that tutorials commence in Week 2.

Membership of tutorial classes is to be finalised by the end of the third week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the lecturer-in-charge, but should be aware that such a request may not be approved.

Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.


Consultation and Communication

Check your student email and MyUni as course-related announcements are communicated via email.
Consultation times and locations are available also on MyUni.

NOTE the following time scheduled is not completely fixed and some deviations from the schedule might occur. This is ONLY the proposed time schedule. You will be informed of any deviations from this proposed schedule by attending the lectures and checking any relevant information and announcements on MyUni.

Classes will be held weekly commencing as per study schedule below. Note that tutorials commence in Week 2.
Membership of tutorial classes is to be finalised by the end of the third week of semester. Students wishing to swap between tutorial classes after this time are required to present their case to the lecturer-in-charge, but should be aware that such a request may not be approved.

Tutorials are an important component of your learning in this course. The communication skills developed in tutorials by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.

Week	Lecture Topic	Tutorial Topic
1	Introduction to Financial Institutions and Markets	No Tutorial
2	Introduction to Central Banking	Introduction to Financial Institutions and Markets
3	Introduction to Monetary Policy and Interest Rates	Introduction to Central Banking
4	Governments and Central Banks	Introduction to Monetary Policy and Interest Rates
5	Commercial Banking and Leverage	Governments and Central Banks
6	Money Creation and Banking Regulation	Commercial Banking and Leverage
7	The Economy, Inflation and the Financial System	Money Creation and Banking Regulation
8	Financial Crises and Macroeconomics	The Economy, Inflation and the Financial System
	Mid Semester Break	Mid Semester Break
9	Financial Instruments, Securities and Monetary Systems	Financial Crises and Macroeconomics
10	Equity and Currency Markets	Financial Instruments, Securities and Monetary Systems
11	Futures and Options Markets	Equity and Currency Markets
12	Overview	Futures and Options Markets

To gain a pass mark in this course, at least 50 per cent must be obtained overall. 

Assessment Task	Task Type	Due	Weighting	Learning Outcome
Active Participation in Tutorials	Individual	n/a	10%	1-5
Six multiple-choice quizzes, each consisting of 10 multiple-choice questions.	Individual	End of Week 2/4/6/8/10/12	30%	1-5
End of course examination, including 20 multiple-choice questions and two written answers.	Individual	n/a	40%	1-5
End of Course 2,000 word essay	Individual	End of Week 11	20%	1-5
Total			100%

Please note that there is a Hurdle Requirement on this course, to ensure that those who pass the course have demonstrated competence in meeting the specified Course Learning Outcomes.

In order to secure a Pass grade overall, it is necessary to achieve a mark of at least 35% in the final examination, as well as a mark of at least 50% overall.

Should a student's overall marks sum to more than 50%, while they have secured a mark of below 35% in the final examination, they will be awarded a final mark of 49%.

As an example, a student whose weighted average mark across the coursework and the exam came to 52%, but who
only secured a mark of 30% in the final examination, would be awarded an overall score of 49%, as the student would not have met the hurdle requirement.

This will be discussed at the beginning of the course, in the first lecture.

• To gain a pass mark in this course, at least 50 per cent must be obtained overall, and a mark of at least 35 per cent must be otanined in the final examination, as specified in the hurdle requirement above.

Active Tutorial Participation. 10% weight.

Students will be expected to not only attend tutorials, but to participate actively in tutorials on a weekly basis. Tutors will award a mark out of 10, based on active participation across the course. Further details regarding this assessment item will be published during the first week of the course.


Six On-Line Multiple-Choice Quizzes. 6 x 5% = 30% weight.

The tests will be administered online at the end of weeks 2, 4, 6, 8, 10 and 12. The tests will each consist of 10 multiple-choice questions. Further details regarding this assessment item will be published during the first week of the course.


Final Examination. 40% weight.

There will be a two-hour on-line final examination for this course which will be held during the examination period.

Please note the hurdle requirement relating to the final examination, which is that a student must secure at least 35 per cent of the available marks on the final examination in order to pass the course overall.

Further information will be published on MyUni and discussed in the lectures.

Due Date: available on Access Adelaide during the semester, when the Exam Timetable has been published.

End of Course Essay. 20% weight.

A 2,000 word essay will be due for submission at the end of week 11. The title for the essay will be published before the mid-semester break. The essay will assess learning outcome 3. Further details regarding this assessment item will be published during the first week of the course.

The end-of-course essay must be submitted on line by Sunday at 12 midnight at the end of week 11. Late submission will not be accepted, except when authorised by the course co-ordinator.

Multiple-choice tests must be completed within a three day window (between Friday and Sunday) at end end of the relevant week.

Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result.