ECON2200-Management of Financial Institutions
Semester:Sem 22023
1.General Course Information
1.1 Course Details
Course Code:ECON2200
Course Title: Management of Financial Institutions
Coordinating Unit: School of Economics
Semester:Semester 2,2023
Mode: In Person
Level:Undergraduate
Delivery Location:St Lucia
Number of Units:2
Contact Hours Per Week: LEC 2 Hours/Week TUT 1 Hour/Week
Pre-Requsites:ECON1010 or 1011
Recommended Pre-Requisites: ECON1020
Course Description: Analyses economics of modern banking theory &financialinstitutions management.Describes various types of financial institutions &examines means of managing their operations
Assumed Background:
This course is an introduction to financial markets and institutions and therefore does not require any background in Finance.Due to its introductory nature,this course is NOT recommended for third year students who have taken more advanced Finance courses already,unless required by their degree.
1.2 Course Introduction
The course introduces students to the Australian financial system,and provides an overview of a financial system in a developed economy by describing its main components.The course explains the role of a financial system in the economy,the functioning of financial markets,the main characteristics of common financial products,the valuation of financial assets,the ature and management of financial institutions,the role of central banks in the payment system and the regulation of the financial system.Thus,the course does not exclusively focus on financial institutions management isues,as thetitle may suggest,but aims at providing a wide picture of the different components making the Australian financial system,components that are present in a form or another in the financial systems of all developed economies.
The course provides the background recommended for students who plan to take more advanced topics in Financial Economics such as ECON3210 Financial Markets and Institutions.AIthough not a formal requirement,the course is also usefulfor students planning to study FINM2401 Financial Management,FINM3401 Corporate Finance or FINM3404 Banking and Lending Decisions.The course has also been designed to apeal to students outside the BEL Faculty who are interested in obtaining an overview of the operation of the financial system.A basic level of maths is required for the course.
Course Changes in Response to Previous Student Feedback
Studentsliked the weekly reading quizzes and tests that spread out the workload over the semester.The overall ssessment structure and content received high praise in student evaluations over numerous semesters and thus remains unchanged.The team research presentation remains a source of uncertainty.This is partiallyby design to expose you to real world unstructured project type of work.We did develop a marking rubric to provide more insights and sample presentations (you are NOTallowed to use the same topic)will be made available.Some students were surprised that a lack of critical thinking and false calculations resulted in poor marks.For this semester we will provide a more detailed marking rubric for presentation 1 as well.
1.3 Course Staff
Course Coordinator:Dr Axel Wieneke
1.4 Timetable
Timetables are available on the UQ Public Timetable.(https://my.uq.edu.au/public-timetable)
Additional Timetable Information
Tutorial Preferencing: Please refer to My Timetable(available via your my.UQ dashboard)for more information on the tutorial preferencing and allocation process.
Tutorials will commence in Week 2.
The timetable is published through the UQ Public Timetablefound in the APPs section of myuQ.Students should refer to the timetable prior to the commencement of classes to ensure that they have the most up to date information,as from time to time late room changes may occur.The
timetable can be downloaded here:Public Timetable (https:/timetable.my.uq.edu.au/odd/timetable/#subjects). Refer only to the 2023 timetable(click the text in the top right corner of the webpage to change the year).
2.1 Course Aims
The course aims to introduce the student to the role of the financial system in the economy,the functioning of the financial markets andits products the nature and management of financial institutions,and the regulation of the financial system.
The course teaches the key concepts of the discipline providing an overview of the financialsystem,which is the context of many other Economics courses,as wellas providing solid foundations for those contemplating further studies in the area of Financial Economics or Finance.
2.2 Learning Objectives
After successfully completing this course you should be able to:
1 Demonstrate comprehension of basic economics and finance news
2 Perform basic financial calculations
3 Demonstrate expertise in analysing and evaluating financial markets,instruments, and institutions
4 Evaluate the validity of economic theory by contrasting it with real world data
5 Analyse the implementation and impact of monetary policy in a modern economy
6 Create an analysis of a course related topic and present it clearly and freely to a peer audience