| Effective Term: | 2024/05 |
| Institute / School : | Institute of Innovation, Science & Sustainability |
| Unit Title: | Banks and Financial Institutions |
| Unit ID: | BUACC3722 |
| Credit Points: | 15.00 |
| Prerequisite(s): | (BUACC1508) |
| Co-requisite(s): | Nil |
| Exclusion(s): | Nil |
| ASCED: | 081101 |
| Other Change: | |
| Brief description of the Unit |
On completion of this unit students should demonstrate an understanding of a financial system, its operation and component parts yield curve analysis, the term structure of interest rates, and exchange rate interaction sources and types of business finance, short, medium and long term, domestic and overseas, and associate pricing formulae the structure and operation of Australian financial institutions and markets the major types of risk and the derivative products available to manage financial risk the structure, functions and role of prudential supervision in the financial market. |
| Grade Scheme: | Graded (HD, D, C, P, MF, F, XF) |
| Work Experience Indicator: |
| No work experience |
| Placement Component: | |
| Supplementary Assessment:Yes |
| Where supplementary assessment is available a student must have failed overall in the Unit but gained a final mark of 45 per cent or above, has completed all major assessment tasks (including all sub-components where a task has multiple parts) as specified in the Unit Description and is not eligible for any other form of supplementary assessment |
| Course Level: |
| Level of Unit in Course | AQF Level(s) of Course | | 5 | 6 | 7 | 8 | 9 | 10 | | Introductory | | | | | | | | Intermediate | | | | | | | | Advanced | | |  | | | |
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| Learning Outcomes: |
| Knowledge: |
| K1. | Describe the structure and operation of financial institutions and markets in Australia |
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| K2. | Understand the role of commercial banks as the principal provider of loan finance to the household and the business sector |
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| K3. | Explain government monetary policy and the term structure of interest rates and foreign exchange rates |
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| K4. | Understand the functioning of the money market, share market and Bond market in an open economy |
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| Skills: |
| S1. | Apply theoretical and practical knowledge of money and capital markets to evaluate the modern financial system and financial policies |
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| S2. | Forecast share price movements and determine the fair value of debt contracts |
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| S3. | Demonstrate an understanding of different types of financial institutions, and their operations and usage |
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| S4. | Apply the theory of money and capital markets |
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| Application of knowledge and skills: |
| A1. | Apply appropriate financial market knowledge and skills in diverse business environments |
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| A2. | Exercise critical thinking and judgement and apply it to assist in the decision-making process |
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| Unit Content: |
•Banks and non-bank financial institutions
•The payment system
•Equity markets
•The corporate debt market
•Money market
•Monetary policy and interest rates
•Foreign exchange and global capital markets |
| Graduate Attributes: |
| Federation University recognises that students require key transferable employability skills to prepare them for their future workplace and society. FEDTASKS (Transferable Attributes Skills and Knowledge) provide a targeted focus on five key transferable Attributes, Skills, and Knowledge that are be embedded within curriculum, developed gradually towards successful measures and interlinked with cross-discipline and Co-operative Learning opportunities. One or more FEDTASK, transferable Attributes, Skills or Knowledge must be evident in the specified learning outcomes and assessment for each FedUni Unit, and all must be directly assessed in each Course.
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| FED TASK and descriptor | Development and acquisition of FEDTASKS in the Unit | | Level | FEDTASK 1
Interpersonal | Students will demonstrate the ability to effectively communicate, inter-act and work with others both individually and in groups. Students will be required to display skills in-person and/or online in: • Using effective verbal and non-verbal communication • Listening for meaning and influencing via active listening • Showing empathy for others • Negotiating and demonstrating conflict resolution skills • Working respectfully in cross-cultural and diverse teams. | Level 1 - Students require directions and boundaries from mentor | FEDTASK 2
Leadership | Students will demonstrate the ability to apply professional skills and behaviours in leading others. Students will be required to display skills in: • Creating a collegial environment • Showing self -awareness and the ability to self-reflect • Inspiring and convincing others • Making informed decisions • Displaying initiative | Level 2 - Student demonstrates some independence within provided guidelines | FEDTASK 3
Critical Thinking and Creativity | Students will demonstrate an ability to work in complexity and ambiguity using the imagination to create new ideas. Students will be required to display skills in: • Reflecting critically • Evaluating ideas, concepts and information • Considering alternative perspectives to refine ideas • Challenging conventional thinking to clarify concepts • Forming creative solutions in problem solving. | Level 2 - Student demonstrates some independence within provided guidelines | FEDTASK 4
Digital Literacy | Students will demonstrate the ability to work fluently across a range of tools, platforms and applications to achieve a range of tasks. Students will be required to display skills in: • Finding, evaluating, managing, curating, organising and sharing digital information • Collating, managing, accessing and using digital data securely • Receiving and responding to messages in a range of digital media • Contributing actively to digital teams and working groups • Participating in and benefiting from digital learning opportunities. | Level 1 - Students require directions and boundaries from mentor | FEDTASK 5
Sustainable and Ethical Mindset | Students will demonstrate the ability to consider and assess the consequences and impact of ideas and actions in enacting ethical and sustainable decisions. Students will be required to display skills in: • Making informed judgments that consider the impact of devising solutions in global economic environmental and societal contexts • Committing to social responsibility as a professional and a citizen • Evaluating ethical, socially responsible and/or sustainable challenges and generating and articulating responses • Embracing lifelong, life-wide and life-deep learning to be open to diverse others • Implementing required actions to foster sustainability in their professional and personal life. | Level 1 - Students require directions and boundaries from mentor |
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| | Learning Outcomes Assessed | Assessment Tasks | Assessment Type | Weighting | | 1. | K1, K2, K3, K4, S1, A1, A2 | First review of selected topics, based on class activities | Mid-term test | 10%-30% | | 2. | K2, K4, S1, S2, S3, S4, A1, A2 | Group case study and/or task | Written assignment | 20%-30% | | 3. | K1, K2, K3, K4, S1, S3, S4, A1, A2 | Second review of selected topics, group case study related test | Individual oral presentation (recorded) | 10-20% | | 4. | K1, K2, K3, K4, S1, S3, A1, A2 | Comprehensive review of all topics, based on class activities, reading, and preparation of responses to set questions | Final oral exam | 30%-40% |
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