Financial Institutions and Monetary Theory

Unit code: BEO2000 | Study level: Undergraduate
Credit points
12
(Generally, 1 credit = 10 hours of classes and independent study.)
Location
City Campus
Online Real Time
Prerequisites
BEO1105 - Economic Principles
BEO1103 or BEO1104 - Applies to course BBCO, BBLC
(Or equivalent to be determined by unit coordinator)
Overview
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Overview

The unit of study focuses on the operations of the financial system and management of money in a real economy with special reference to Australia. Topics include: the financial sector and the real economy; the evolution of the financial system; financial institutions and instruments; efficiency of the financial sector; monetary theory; and monetary policy. The unit will identify and promote the analytical skills required to assess the determinants, and impacts on the economy, of changes in monetary policy and interest rates.

Learning Outcomes

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

  1. Analyse the operations of Australian and global financial systems;
  2. Integrate conceptual and practical understandings of financial institutions in order to analyse the manner in which they operate;
  3. Analyse the principles of monetary theory to explain the management of money in a real economy;
  4. Analyse knowledge of commercial bank functions in order to understand their impact on the flow of funds; and
  5. Work collaboratively in teams while exhibiting individual responsibility and accountability.

Assessment

For Melbourne campuses

Assessment type: Test
|
Grade: 20%
In-class Test
Assessment type: Test
|
Grade: 25%
In-class Test
Assessment type: Presentation
|
Grade: 15%
Case Study Group Presentation
Assessment type: Other
|
Grade: 40%
Final Assessment - Journal & Test

Other locations

For students studying at Liaoning University
Assessment type: Test
|
Grade: 25%
Mid Semester Test
Assessment type: Assignment
|
Grade: 25%
Research report (group)
Assessment type: Examination
|
Grade: 50%
Final Exam

Required reading

Selected readings will be made available via the unit VU Collaborate site.

As part of a course

This unit is studied as part of the following course(s):

Bachelor of Laws (Honours)/Bachelor of Commerce (Applied Finance)
LHLC | Bachelor honours degree | Duration: 5 years

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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