ECON5506 The Economics of Financial Markets

Credit
6 points
Offering
(see Timetable)
AvailabilityLocationMode
Semester 1UWA (Perth)Face to face
Semester 2UWA (Perth)Face to face
Content
This unit encourages participants to explore the behavioural links between financial markets, economic policy and economic performance at an advanced level. The unit focuses on the economics of financial market behaviour and the role of financial markets in macroeconomic performance.

Topics include an overview of financial market structure and behaviour, risk and the pricing of financial instruments, financial market efficiency and financial market regulation.
Outcomes
Students are able to (1) explain the structure of modern financial markets and their regulation, including the behaviour of the markets for some financial instruments; (2) analyse the effects of financial shocks on economic behaviour and assess the implications of responses in the form of both monetary and fiscal policy; and (3) conduct an analysis of a more general range of financial and real shocks and their effects on financial and economic performance.
Assessment
Typically this unit is assessed in the following ways: (1) tutorial tests; (2) assignment; and (3) final examination. Further information is available in the unit outline.

Supplementary assessment is not available in this unit.
Unit Coordinator(s)
Professor Rod Tyers
Unit rules
Prerequisites:
For Master of Commerce and Master of Economics students: ECON5541 Economics for Business: Applications and Policy
or
ECON5516 The Economics of Public Policy;
for Master of Applied Finance students: a finance major
or
FINA5533 Finance Essentials
and
FINA5523 Financial Statement Analysis and Business Valuation
and
FINA5632 Investments
and
FINA5631 International Financial Analysis
Contact hours
lectures/seminars/workshops: up to 3 hours per week
  • The availability of units in Semester 1, 2, etc. was correct at the time of publication but may be subject to change.
  • All students are responsible for identifying when they need assistance to improve their academic learning, research, English language and numeracy skills; seeking out the services and resources available to help them; and applying what they learn. Students are encouraged to register for free online support through GETSmart; to help themselves to the extensive range of resources on UWA's STUDYSmarter website; and to participate in WRITESmart and (ma+hs)Smart drop-ins and workshops.
  • Books and other material wherever listed may be subject to change. Book lists relating to 'Preliminary reading', 'Recommended reading' and 'Textbooks' are, in most cases, available at the University Co-operative Bookshop (from early January) and appropriate administrative offices for students to consult. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.