ECON3350 Money, Banking and Financial Markets

6 points
(see Timetable)
Semester 1UWA (Perth)Face to face
Details for undergraduate courses
  • Level 3 option in the Economics; Professional Economics major sequences
  • The area of knowledge for this unit is Management and Commerce
  • Category B broadening unit for students
  • Level 3 elective
This unit revises key definitions and measures used in the financial sector and uses them to examine recent developments in money, banking and financial markets, including an evaluation of policy responses to financial crises.
Students are able to (1) explain the operation of modern financial markets and their regulation, including the behaviour of the markets for a variety of financial instruments; (2) identify recent trends in financial markets and their causes and effects; (3) analyse institutional and regulatory changes in financial markets and the conduct of monetary policy since the global financial crisis in 2008; and (4) analyse the operation of financial markets and financial intermediaries and their effect on the economy.
Indicative assessments in this unit are as follows: (1) online quizzes; (2) assignments; and (3) exams. Further information is available in the unit outline.

Supplementary assessment is not available in this unit except in the case of a bachelor's pass degree student who has obtained a mark of 45 to 49 overall and is currently enrolled in this unit, and it is the only remaining unit that the student must pass in order to complete their course.
Unit Coordinator(s)
Dr Girish Bahal
Unit rules
ECON2234 Macroeconomics: Policy and Applications (or equivalent)
any Level 2 Finance unit; for pre-2012 courses: ECON1102 Macroeconomics: Money and Finance (or equivalent)
Contact hours
lectures/tutorials/seminars/workshops: up to 3 hours per week
Unit Outline
Semester 1-2020 [SEM-1-2020]
Semester 2-2020 [SEM-2-2020]

Mishkin, F. S. The Economics of Money, Banking and Financial Markets, 11th Global Edition: Pearson 2016

  • 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 via the Booktopia Textbook Finder, which has the functionality to search by course code, course, ISBN and title, and may also be posted or available at the appropriate school's administrative offices. Where texts are listed in the unit description above, an asterisk (*) indicates that the book is available in paperback.