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This course aims to familiarise students from different academic backgrounds and majors with the basic concepts, theories and principles that explain the evolution of money and banking. The main topics covered in this course are the operations of modern banking and financial institutions under different market structures and degrees of openness, the functions and operations of modern central banks, and the conduct of monetary policy by the central bank and international banking (for example, the Eurocurrency market). Case studies will investigate the conduct of central banking in a range of countries from the Pacific Rim and Indian Ocean Rim.
|Faculty||Faculty of Business and Law|
|School||Newcastle Business School|
1.For students to become familiar with the basic concepts, theories and principles that explain the function and evolution of money and banking. 2.Develop an insight into the properties and role of money and other financial assets within a modern monetary economy, with particular reference to Australia. 3.Acquire an understanding of how the operations of modern banking and financial institutions, particularly those of Australia, developed and are affected by different market structures, regulatory r¿gimes and degrees of international openness. 4.To understand the functions and operations of modern central banks, and of the main financial institutions and markets comprising the Australian financial system, with emphasis on banking, share markets and government budget financing. 5.To be able to critically evaluate the way that central banks conduct monetary policy with reference to the Asia-Pacific, and particularly the Australian, policy settings. 6.To understand the role of the Bank of International Settlements, the way in which international banking and international financial markets operate, and interrelationships among theory, policy and events across national economies.
Monetary Institutions - Why study money, banking and financial markets? - Functions and forms of money.
|Transition||There are no transition arrangements relevant|
|Assumed Knowledge||No assumed knowledge|
|Modes of Delivery||External Mode
Flexible Delivery / Student Centred Learning
|Course Materials||None listed|
|Timetable||2014 Course Timetables for GECO6470|