Studying online

There are now 2 possible online modes for units:

Units with modes Online timetabled and Online flexible are available for any student to self-enrol and study online.

Click on an offering mode for more details.

Unit Overview


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.

6 points
(see Timetable)
Semester 1UWA (Perth)Face to face

Students are able to (1) demonstrate understanding of the economic behaviour behind the markets for assets, as distinct from products, the structure of modern financial markets and their regulation, including the markets for some key 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; (3) demonstrate understanding of the genesis of economic cycles that are most often triggered by financial shocks, the most prominent of which in recent decades are the Asian financial crisis of 1997 and the international financial crisis of 2008, along with the consequences of the policy responses which followed; and (4) carry out elemental analysis of a more general range of financial and real shocks and their effects on financial and economic performance.


Indicative assessments in this unit are as follows: (1) mid-semester test; (2) hand in workshop exercise; and (3) oral presentations. Further information is available in the unit outline.

Student may be offered supplementary assessment in this unit if they meet the eligibility criteria.

Unit Coordinator(s)
Dr Sam Tang
Unit rules
Enrolment in 41680 Master of Commerce
or CM002 Bachelor of Economics and Master of Economics
or 42670 Master of Economics
ECON5541 Economics for Business: Applications and Policy
or ECON5516 The Economics of Public Policy
FINA5533 Finance Essentials
and FINA5632 Investments
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.
  • Unit readings, including any essential textbooks, are listed in the unit outline for each unit, one week prior the commencement of study. The unit outline will be available via the LMS and the UWA Handbook one week prior the commencement of study. Reading lists and essential textbooks are subject to change each semester. Information on essential textbooks will also be made available on the Essential Textbooks. This website is updated regularly in the lead up to semester so content may change. It is recommended that students purchase essential textbooks for convenience due to the frequency with which they will be required during the unit. A limited number of textbooks will be made available from the Library in print and will also be made available online wherever possible. Essential textbooks can be purchased from the commercial vendors to secure the best deal. The Student Guild can provide assistance on where to purchase books if required. Books can be purchased second hand at the Guild Secondhand bookshop (second floor, Guild Village), which is located on campus.
  • Contact hours provide an indication of the type and extent of in-class activities this unit may contain. The total amount of student work (including contact hours, assessment time, and self-study) will approximate 150 hours per 6 credit points.