Course Coordinator:Hammad Siddiqi (hsiddiqu@usc.edu.au) School:School of Business and Creative Industries
UniSC Sunshine Coast |
Blended learning | Most of your course is on campus but you may be able to do some components of this course online. |
Online |
Online | You can do this course without coming onto campus, unless your program has specified a mandatory onsite requirement. |
Please go to unisc.edu.au for up to date information on the
teaching sessions and campuses where this course is usually offered.
You will develop insight into how money affects important aspects of your own life and the real economy as a whole by studying the institutions and increasingly complex functioning of the banking and broader financial system. You will also explore how financial innovations are rapidly transforming the banking industry, what the future of banking looks like, and what new risks and opportunities are created by this transformation.
| Activity | Hours | Beginning Week | Frequency |
| Blended learning | |||
| Learning materials – Interactive online learning activities. | 1hr | Week 1 | 11 times |
| Tutorial/Workshop 1 – Scheduled face to face workshops. | 2hrs | Week 1 | 11 times |
| Online | |||
| Learning materials – Interactive online learning activities. | 1hr | Week 1 | 11 times |
| Tutorial/Workshop 1 – Scheduled online workshops (Recorded). | 2hrs | Week 1 | 11 times |
An overview of money and the financial system
The meaning of Interest rates
The behavior of interest rates
The banking industry
Central Banks and Money Supply
Tools of monetary policy and its conduct
Financial Crises in Advanced Economies
Payment System Innovations Impacting Banking
Shadow Banking
The Future of Money and Banking
Transmission Mechanisms of Monetary Policy
The foreign Exchange Market
300 Level (Graduate)
12 units
| Course Learning Outcomes On successful completion of this course, you should be able to... | Graduate Qualities Mapping Completing these tasks successfully will contribute to you becoming... | Professional Standard Mapping * Competencies from multiple Professional Bodies (see below) * | |
| 1 | Identify, coherently explain and synthesise the operation of financial institutions, their asset structure and the services they perform. |
Knowledgeable Creative and critical thinker |
PC1.1, PC1.2, PC3.1, PC5.1, PC6.1, PC6.2, 9, 12.1.5, 17.1.2 |
| 2 | Apply economic reasoning and analytical skills to make informed judgments concerning the operation of monetary policy of central banks. |
Knowledgeable Creative and critical thinker |
PC1.1, PC1.2, PC2.1, PC3.1, PC6.2, 8.2.1, 8.2.3 |
| 3 | Use economic data to analyse bond yields and explain the role of financial markets in the real economy. |
Knowledgeable Creative and critical thinker |
PC1.1, PC3.1, 4.1, PC6, PC6.2, 17.1.1 |
| 4 | Demonstrate effective written communication skills in a business context |
Empowered Engaged |
PC1.1, 4.1 |
| CODE | COMPETENCY |
| Association to Advance Collegiate Schools of Business | |
| PC1.1 | Written Communication |
| PC1.2 | Oral Communication |
| PC2.1 | Teamwork |
| PC3.1 | Problem Solving |
| PC5.1 | Diversity |
| PC6 | Career-ready |
| PC6.1 | Self-management |
| PC6.2 | Discipline Knowledge |
| Education for Sustainable Development Goals | |
| 4.1 | Cognitive Learning objectives for “Quality Education” |
| 8.2.1 | The learner is able to discuss economic models and future visions of economy and society critically and to communicate them in public spheres. |
| 8.2.3 | The learner is able to understand how one’s own consumption affects working conditions of others in the global economy. |
| 9 | Industry, Innovation and Infrastructure: Build infrastructure, promote inclusive and sustainable industrialization and foster innovation |
| 12.1.5 | The learner understands dilemmas/trade-offs related to and system changes necessary for achieving sustainable consumption and production. |
| 17.1.2 | The learner understands the importance of global multi-stakeholder partnerships and the shared accountability for sustainable development and knows examples of networks, institutions, campaigns of global partnerships. |
| 17.1.1 | The learner understands global issues, including issues of financing for development, taxation, debt and trade policies, and the interconnectedness and interdependency of different countries and populations. |
Refer to the UniSC Glossary of terms for definitions of “pre-requisites, co-requisites and anti-requisites”.
BUS102
Not applicable
Not applicable
Not applicable
Not applicable
Standard Grading (GRD)
| High Distinction (HD), Distinction (DN), Credit (CR), Pass (PS), Fail (FL). |
From week 2, formative feedback will be provided in the form of answer guides to the tutorial exercises.
| Delivery mode | Task No. | Assessment Product | Individual or Group | Weighting % | What is the duration / length? | When should I submit? | Where should I submit it? |
| All | 1 | Oral and Written Piece | Individual | 30% | 3-4 pages |
Week 5 | Online Submission |
| All | 2 | Case Study | Individual | 30% | 1,500 words |
Week 9 | Online Assignment Submission with plagiarism check |
| All | 3 | Written Piece | Individual | 40% | 4-5 pages including graphical analysis |
Week 12 | Online Assignment Submission with plagiarism check |
| All - Assessment Task 1:Problem set | ||||||||||
| Goal: | To identify, coherently explain and synthesize current issues concerning the financial sector and present a clear and coherent exposition of these issues in writing and in oral presentation. |
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| Product: | Oral and Written Piece | |||||||||
| Authorship Statement: | ||||||||||
| Format: | Complete a problem set based on the first four topics of the course. Individual assessment to be undertaken independently. This task is being used for measuring assurance of learning towards Association to Advance Collegiate Schools of Business (AACSB) accreditation. The following Program Competency will be assessed: PC 1.2 - Oral Communication. Further details on the task and the marking rubric are provided in the assessment area in Canvas. |
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| Criteria: |
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| Generic Skills: | Communication, Problem solving, Organisation, Applying technologies, Information literacy |
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| All - Assessment Task 2:Case Study | |||||||||||||
| Goal: | To present a clear and coherent exposition of finance and economics knowledge and ideas in relation to a topic relating to the financial sector in the context of a contemporary or historical economic event. |
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| Product: | Case Study | ||||||||||||
| Authorship Statement: | |||||||||||||
| Format: | Individual assessment to be undertaken independently. This task is being used for measuring assurance of learning towards Association to Advance Collegiate Schools of Business (AACSB) accreditation. The following Program Competency will be assessed: PC 1.1- Written Communication. Further details on the task and the marking rubric are provided in the assessment area in Canvas. |
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| Criteria: |
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| Generic Skills: | Communication, Problem solving, Organisation, Applying technologies, Information literacy |
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| All - Assessment Task 3:Written Piece | ||||||||||
| Goal: | To apply reasoning and analytical skills to demonstrate understanding of issues related to how money affects the real economy and present a clear and coherent exposition of economic knowledge. |
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| Product: | Written Piece | |||||||||
| Authorship Statement: | ||||||||||
| Format: | Individual open book assessment This assessment task will be made up of questions similar to those in weekly tutorial exercises and may cover all parts of the course Further details are provided in the assessment area in Canvas. |
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| Criteria: |
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| Generic Skills: | Communication, Problem solving, Organisation, Applying technologies, Information literacy |
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A 12-unit course will have total of 150 learning hours which will include directed study hours (including online if required), self-directed learning and completion of assessable tasks. Student workload is calculated at 12.5 learning hours per one unit.
Please note: Course information, including specific information of recommended readings, learning activities, resources, weekly readings, etc. are available on the course Canvas site– Please log in as soon as possible.
You need regular access to the resource(s) below. Many texts are available as ebooks through the Library at no additional cost.
| Required? | Author | Year | Title | Edition | Publisher |
| Required | Frederic Mishkin | 2021 | The Economics of Money, Banking and Financial Markets, eBook, Global Edition | 13th ed. | Pearson Higher Ed |
A scientific calculator may be useful but is not needed for most problems.
Academic integrity is the ethical standard of university participation. It ensures that students graduate as a result of proving they are competent in their discipline. This is integral in maintaining the value of academic qualifications. Each industry has expectations and standards of the skills and knowledge within that discipline and these are reflected in assessment.
Academic integrity means that you do not engage in any activity that is considered to be academic fraud; including plagiarism, collusion or outsourcing any part of any assessment item to any other person. You are expected to be honest and ethical by completing all work yourself and indicating in your work which ideas and information were developed by you and which were taken from others. You cannot provide your assessment work to others. You are also expected to provide evidence of wide and critical reading, usually by using appropriate academic references.
In order to minimise incidents of academic fraud, this course may require that some of its assessment tasks, when submitted to Canvas, are electronically checked through Turnitin. This software allows for text comparisons to be made between your submitted assessment item and all other work to which Turnitin has access.
Eligibility for Supplementary Assessment
Your eligibility for supplementary assessment in a course is dependent of the following conditions applying:
(a) The final mark is in the percentage range 47% to 49.4%; and
(b) The course is graded using the Standard Grading scale
Late submissions may be penalised up to and including the following maximum percentage of the assessment task’s identified value, with weekdays and weekends included in the calculation of days late:
(a) One day: deduct 5%;
(b) Two days: deduct 10%;
(c) Three days: deduct 20%;
(d) Four days: deduct 40%;
(e) Five days: deduct 60%;
(f) Six days: deduct 80%;
(g) Seven days: A result of zero is awarded for the assessment task.
The following penalties will apply for a late submission for an online examination:
Less than 15 minutes: No penalty
From 15 minutes to 30 minutes: 20% penalty
More than 30 minutes: 100% penalty
For more information on Academic Learning & Teaching categories including:
For more information, visit https://www.usc.edu.au/explore/policies-and-procedures#academic-learning-and-teaching
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