ECON 7114 - Money, Banking and Financial Markets PG
North Terrace Campus - Semester 2 - 2017
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General Course Information
Course Details
Course Code ECON 7114 Course Money, Banking and Financial Markets PG Coordinating Unit Economics Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Incompatible ECON 3511 & ECON 3035 Assumed Knowledge ECON 7071 or equivalent Assessment Typically, tutorial work, mid-semester test, & final exam Course Staff
Course Coordinator: Dr Nicolas Groshenny
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
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Learning Outcomes
Course Learning Outcomes
On successful completion of this course, students will be able to:
1 identify and describe the economic principles underlying the operation of financial intermediaries. 2 interpret the goals of monetary policy. 3 explain how central banks conduct monetary policy. 4 discuss contemporary issues in monetary policy and financial stability. 5 conduct a theoretical analysis of real-world issues and phenomena in money and banking University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Deep discipline knowledge
- informed and infused by cutting edge research, scaffolded throughout their program of studies
- acquired from personal interaction with research active educators, from year 1
- accredited or validated against national or international standards (for relevant programs)
1-5 Critical thinking and problem solving
- steeped in research methods and rigor
- based on empirical evidence and the scientific approach to knowledge development
- demonstrated through appropriate and relevant assessment
1-5 Teamwork and communication skills
- developed from, with, and via the SGDE
- honed through assessment and practice throughout the program of studies
- encouraged and valued in all aspects of learning
1-5 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
1-5 Intercultural and ethical competency
- adept at operating in other cultures
- comfortable with different nationalities and social contexts
- able to determine and contribute to desirable social outcomes
- demonstrated by study abroad or with an understanding of indigenous knowledges
1-4 Self-awareness and emotional intelligence
- a capacity for self-reflection and a willingness to engage in self-appraisal
- open to objective and constructive feedback from supervisors and peers
- able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
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Learning Resources
Required Resources
The textbook for this course is:
Champ, Freeman and Haslag: "Modeling Monetary Economies," 4th Edition, Cambridge University Press.Online Learning
Weekly tutorial assignments will be posted on MyUni. -
Learning & Teaching Activities
Learning & Teaching Modes
Lectures (2 hours per week) supported by tutorials (1 hour per week).Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Students are expected to devote an average of 12 hours per week to this course:
- Lectures: 2 hours
- Tutorials: 1 hour
- Independant Study (includes preparation for tutorials, mid-semester and final exam): 9 hours
Learning Activities Summary
Teaching & Learning Activities Related Learning Outcomes Lectures 1-3 Tutorials 3-5
Lecture Schedule
The course outline provided below is tentative and subject to changes.
1) A simple model of money demand
2) A simple model of inflation
3) A simple model of exchange rates
4) The Phillips curve and Lucas critique
5) Modeling liquidity and financial intermediation
6) Modeling bank risk
Specific Course Requirements
No specific requirements. Students are expected to regularly attend both lectures and tutorials and to actively participate during the tutorials.Small Group Discovery Experience
A Small Group Discovery Experience is not offered for this course. -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Due Date/ Week Weight Length Learning Outcomes Tutorial Participation (group work) Weekly 20% N/A 1-5 Mid-term Exam Week 7 30% TBA 1-5 Final Exam Week TBA 50% 3 hours 1-5 Total 100% Assessment Related Requirements
Students must obtain an overall grade of 50% to pass the course. This does not mean that students have to achieve 50% for each and every assessment task or for the final examination; but the sum of all assessment tasks must equal or exceed 50%.Assessment Detail
Mid-term
- The mid-term counts for 30% of the overall grade for that course.
- The mid-term exam will cover the material that will have been discussed during the lectures and tutorials up to the date of the mid-term exam.
- There will be no retake or supplementary exam for the mid-term exam. Any student who misses the mid-term exam, for whatever reason, will have his/her final exam mark reweighted to count 80% towards the final course grade.
- Tutorial Participation counts for 20% of the overall grade for that course.
- The marks for Tutorial Participation is determined by 2 components:
- a. Regular attendance and active participation;
- b. The quality of the student's written solution to the weekly tutorial assignment. Each week, tutors will randomly selected a few students and grade their homeworks.
The Final Exam is a closed-book 3-hour examination and counts for 50% of the overall grade for that course. The final examination date will be advised by the University. Students are required to make themselves available for the entire examination period.Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
