ECON 3511 - Money, Banking and Financial Markets III
North Terrace Campus - Semester 2 - 2017
General Course Information
Course Code ECON 3511 Course Money, Banking and Financial Markets III Coordinating Unit School of Economics Term Semester 2 Level Undergraduate Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Incompatible ECON 3035 & ECON 7114 Assumed Knowledge ECON 1012 & ECON 1009 Course Description This course links the fields of macroeconomics and central banking. The role of money in the economy and the impact of monetary policy on the macroeconomy are examined. The course aims at providing students with the means to analyse monetary questions and institutions. It is not a course designed to further technical expertise in the instruments used in financial markets.
Course Coordinator: Dr Nicolas Groshenny
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning Outcomes
On successful completion of this course, students will be able to:
- Identify the economic principles underlying the operation of financial intermediaries.
- Explain how central banks conduct monetary policy.
- Use models to analyze monetary and macroeconomic issues.
- 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) 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)
1,2,3,4 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
1,2,3,4 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
1,2,3,4 Career and leadership readiness
- technology savvy
- professional and, where relevant, fully accredited
- forward thinking and well informed
- tested and validated by work based experiences
- Compulsory: "Modeling Monetary Economies, 4th 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.
Online LearningLectures are recorded. However regular attendance is crucial and compulsory.
Learning & Teaching Activities
Learning & Teaching ModesLectures (2 hours per week) supported by tutorials (1 hour per week).
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 1,2,3 Tutorials 1,2,3,4
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 RequirementsStudents are expected to actively participate in all lectures and tutorials.
Small Group Discovery ExperienceNot available for this course in 2014.
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 Task Due Date/ Week Weighting Length (word linit) Learning Outcomes Tutorial Participation (individual) Week TBA 20% N/A 1,2,3,4 Midterm Exam Week TBA 30% N/A 2,3 Final Exam Week TBA 50% N/A 1,2,3,4 Total 100%
Assessment Related RequirementsStudents 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%.
- The mid-term exam covers the material that has been discussed during the lectures and tutorials up to the date of the
- 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.
- The marks for Tutorial Participation is determined by 2 components:
a. Active participation;
b. Quality of written solution to weekly tutorial assignments
The final exam is a closed-book 3-hour examination.
The date of the final examination date will be advised by the University.
No information currently available.
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.
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.
- Academic Support with Maths
- Academic Support with writing and speaking skills
- Student Life Counselling Support - Personal counselling for issues affecting study
- International Student Support
- AUU Student Care - Advocacy, confidential counselling, welfare support and advice
- Students with a Disability - Alternative academic arrangements
- Reasonable Adjustments to Teaching & Assessment for Students with a Disability Policy
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangement Policy
- Academic Honesty Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs
- 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
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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.
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