School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Financial Markets and Institutions
  • Unit Code

    ECF6115
  • Year

    2021
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Prof Zhaoyong ZHANG

Description

This unit introduces students to the complex interactions of financial markets. The core focus of this unit will be the five main financial markets - money markets, debt markets, equity markets, foreign exchange markets and derivative markets. Students will develop a thorough understanding of key concepts underlying each market, and the relationship and the interactions between them.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse financial markets, principles and regulations from a practical standpoint to understand the basic structure and relationship between different elements of the financial environment.
  2. Evaluate market trend predictions by market economists to understand the future market conditions.
  3. Discuss the major participants in financial markets, their functions, their roles and their relationships in the economy.
  4. Formulate a strategy, implement trading decisions and produce a report for trading bills, bonds, shares and foreign exchange.

Unit Content

  1. Euromarkets, Asian Dollar Market (ADM) and the Asian Currency Unit (ACU).
  2. The banking sector and non-bank financial intermediaries.
  3. Swap markets, including interest rate and currency swaps.
  4. Options markets.
  5. Futures markets and forward markets.
  6. The nature of derivative markets in general terms.
  7. The operation of foreign exchange markets and equity markets.
  8. The operation of interest rate markets, including the impact of government and the central bank.
  9. The market mechanism in debt, equity and derivative markets.
  10. Key finance concepts underlying the operation of the financial system.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

Students are expected to review unit materials and complete weekly readings and various tasks as assigned on Blackboard, or other learning technologies. Central to the learning process in this unit is active student participation in all activities in class and online.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
ExerciseGroup Exercise15%
AssignmentAssignment35%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
ExerciseGroup Exercise15%
AssignmentAssignment35%
ExaminationFinal Examination50%

Core Reading(s)

  • Viney, C., & Phillips, P. J. (2019). Financial institutions, instruments and markets (9.). Sydney, NSW: McGraw-Hill Education (Australia). Retrieved from https://ecu.on.worldcat.org/oclc/1086307078

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF6115|2|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Financial Markets and Institutions
  • Unit Code

    ECF6115
  • Year

    2021
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Prof Zhaoyong ZHANG

Description

This unit introduces students to the complex interactions of financial markets. The core focus of this unit will be the five main financial markets - money markets, debt markets, equity markets, foreign exchange markets and derivative markets. Students will develop a thorough understanding of key concepts underlying each market, and the relationship and the interactions between them.

Learning Outcomes

On completion of this unit students should be able to:

  1. Analyse financial markets, principles and regulations from a practical standpoint to understand the basic structure and relationship between different elements of the financial environment.
  2. Evaluate market trend predictions by market economists to understand the future market conditions.
  3. Discuss the major participants in financial markets, their functions, their roles and their relationships in the economy.
  4. Formulate a strategy, implement trading decisions and produce a report for trading bills, bonds, shares and foreign exchange.

Unit Content

  1. Euromarkets, Asian Dollar Market (ADM) and the Asian Currency Unit (ACU).
  2. The banking sector and non-bank financial intermediaries.
  3. Swap markets, including interest rate and currency swaps.
  4. Options markets.
  5. Futures markets and forward markets.
  6. The nature of derivative markets in general terms.
  7. The operation of foreign exchange markets and equity markets.
  8. The operation of interest rate markets, including the impact of government and the central bank.
  9. The market mechanism in debt, equity and derivative markets.
  10. Key finance concepts underlying the operation of the financial system.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 3 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

Students are expected to review unit materials and complete weekly readings and various tasks as assigned on Blackboard, or other learning technologies. Central to the learning process in this unit is active student participation in all activities in class and online.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ON CAMPUS
TypeDescriptionValue
ExerciseGroup Exercise15%
AssignmentAssignment35%
ExaminationFinal Examination50%
ONLINE
TypeDescriptionValue
ExerciseGroup Exercise15%
AssignmentAssignment35%
ExaminationFinal Examination50%

Core Reading(s)

  • Viney, C., & Phillips, P. J. (2019). Financial institutions, instruments and markets (9.). Sydney, NSW: McGraw-Hill Education (Australia). Retrieved from https://ecu.on.worldcat.org/oclc/1086307078

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF6115|2|2