ECON 3511 - Money, Banking and Financial Markets III
North Terrace Campus - Semester 1 - 2023
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General Course Information
Course Details
Course Code ECON 3511 Course Money, Banking and Financial Markets III Coordinating Unit Economics Term Semester 1 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assumed Knowledge ECON 1012 & ECON 1009 Assessment Typically a mid-Semester test, assignments, tutorial participation and final exam Course Staff
Course Coordinator: Dr Jacob Wong
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:
- Use models to analyze monetary and macroeconomic issues.
- Explain how central banks conduct monetary policy.
- Identify the economic principles underlying the operation of financial intermediaries.
- Conduct a theoretical analysis of real-world issues and phenomena.
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) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1,2,3,4 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
1,2,3,4 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
1,2,3,4 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
1,2,3,4 -
Learning Resources
Required Resources
- Compulsory: "Modeling Monetary Economies, 5th Edition," by Bruce Champ, Scott Freeman and Joseph Haslag, published by Cambridge University Press. I will follow that textbook closely. You can buy it at the University bookshop.
Recommended Resources
Online Learning
Lectures will be recorded and made available to students on MyUni on a weekly basis. -
Learning & Teaching Activities
Learning & Teaching Modes
Lectures (2 hours per week) supported by tutorials (1 hour per week).
Regular attendance at tutorials is crucial.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:
- Watching recorded lectures: 2 hours per week.
- Attending weekly tutorial: 1 hour per week.
- Independent Study (includes reading lecture notes, textbook's chapters, and other suggested articles + preparation for weekly tutorial (reading required articles + exercises) + preparation for mid-semester exam and for final exam): 9 hours per week.Learning Activities Summary
The course outline provided below is tentative and subject to changes.
1) A Simple Model of Money (Ch. 1) [Week 1-2]
2) Inflation (Ch. 3) [Week 3-4]
3) International Monetary Systems (Ch. 4) [Week 5-6]
4) The Phillips Curve (Ch. 5) [Week 7-8]
5) Capital (Ch. 6) [Week 9]
6) Liquidity and Financial Intermediation (Ch. 7) [Week 10]
7) Bank Risk (Ch. 12) [Week 11]
8) Liquidity Risk and Bank Panics (Ch. 13) [Week 12]Specific Course Requirements
Students are expected to watch lectures regularly.
Students are expected to prepare for the weekly tutorial by reading the required articles and working on the exercise(s). Students are also expected to actively participate in the tutorials.
For mid-term exam and final exam: Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process, and may affect marks. Marks cannot be awarded for answers that cannot be read or understood. -
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
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process, and may affect marks. Marks cannot be awarded for answers that cannot be read or understood.Assessment Task Task Type Weighting Learning Outcome Individual Assignments Individual 25% 1 - 4 Mid-semester Exam Individual 25% 1 - 4 Final Exam Individual 50% 1 - 4 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
Midterm (maximum marks =25)
- The midterm exam will cover the material that will have been discussed during the lectures and tutorials up to the date of the mid-term exam.
- The mid-term will count for 25% of the final course grade and is NOT fully redeemable.
- The date of the mid-term exam will be announced on MyUni within the first two weeks.
Final Exam (maximum marks = 50)
The final examination date will be advised by the University. Students are required to make themselves available for the entire examination period.
Submission
Tutorial Assignments will be submitted in tutorials.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.
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. -
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.
