12464 (v.4) Financial (Markets and Institutions) 576

Area:

School of Economics and Finance

Credits:

50.0

Contact Hours:

3.0

Seminar:

1 x 3 Hours Weekly

Syllabus:

Financial markets efficiency, asset pricing models, the functions of financial markets and institutions, financial intermediation, securitisation and financial engineering, financial derivatives and derivative markets, models and techniques of valuing financial derivative products, financial risk and financial risk management.

Unit Outcomes:

On successful completion of this unit students will have- Understanding of the general principles of finance will therefore be assumed. Knowledge of the principles of statistics/econometrics and calculus. Presented a selection of interesting topics and current developments in the subject area of financial markets/instruments which will be drawn mainly from selected chapters from prescribed finance texts and supplemented by articles from the finance journal literature. Been exposed to a range of topical issues in contemporary finance. Been provided the opportunity to familiarise with some important analytical tools used in contemporary financial practise. Been expected to address and understand the developments and debates associated with the particular topic and the ongoing research efforts in the topic area.

Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information.

Unit References:

Greenbaum and Thakor, A. (1995). Contemporary Financial Intermediation. Dryden Press. Watsham, T. and Parramore, K. (1997). Quantitative Methods in Finance International. Thomson Business Press. Cuthbertson, K. (1996). Quantitative Financial Economics. Wiley.

Unit Texts:

Hull, J. (1997). Options, Futures and Other Derivatives. (fourth edition). Sydney, Prentice Hall.

Unit Assessment Breakdown:

Test 40 %, Examination 45 %, Paper presentations/summaries 10 %, Class participation 5 %. This is done by grade/mark assessment.

Year	Location	Period	Internal	Area External	Central External
2004	Bentley Campus	Semester 2	Y