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Economics of Financial Markets (ECON30024)
Undergraduate level 3Points: 12.5Dual-Delivery (Parkville)
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Semester 1
Overview
| Availability | Semester 1 - Dual-Delivery |
|---|---|
| Fees | Look up fees |
The subject is a combination of principle and practice. It provides an overview of the economic principles governing financial markets; then provides insights into some important empirical and practical issues concerning the operation of financial markets; and concludes with a discussion of some practical issues associated with Australian financial markets.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- Explain and analyse the role of capital markets in consumption and investment decision-making under conditions of certainty and uncertainty
- Explain how economic theory applies to financial markets
- Describe how economic theory can provide testable restrictions on financial data
- Analyse the main empirical results that have been established for financial markets
- Critically evaluate economic policy issues associated with financial markets
- Synthesise different theories and ideas, such as alternative models of asset pricing and portfolio allocation
- Apply theories to the real world - how the shape of yield curves can be used to forecast inflation in Australia for example
- Evaluate the relevance of competing theories. For instance, the extent to which alternative analyses can be used to predict the market price of different countries
Generic skills
- High level of development: written communication; problem solving; application of theory to practice; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information.
- Moderate level of development: oral communication; collaborative learning; team work; statistical reasoning; accessing data and other information from a range of sources; receptiveness to alternative ideas.
- Some level of development: use of computer software.
Last updated: 1 December 2023
Eligibility and requirements
Prerequisites
Students must meet one of the following prerequisite options:
Option 1 - Standard quantitative path
All of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECON20001 | Intermediate Macroeconomics | Semester 2 (Dual-Delivery - Parkville) |
12.5 |
| ECON20002 | Intermediate Microeconomics |
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
|
12.5 |
AND
One of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| ECOM20001 | Econometrics 1 |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
| ECON20003 | Quantitative Methods 2 |
Semester 1 (Dual-Delivery - Parkville)
Summer Term (Online)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
Option 2 - Mathematics quantitative path
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| MAST20005 | Statistics |
Summer Term (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
AND
One of
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| MAST20004 | Probability |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
|
12.5 |
| MAST20006 | Probability for Statistics | Semester 1 (Dual-Delivery - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Please refer to Prerequisites and Corequisites.
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 1 December 2023
Assessment
| Description | Timing | Percentage |
|---|---|---|
Assignment 1
| Week 5 | 6% |
Mid-semester examination
| Week 7 | 15% |
Assignment 2
| Week 11 | 9% |
Tutorial Participation | Throughout the semester | 10% |
End-of-semester examination
| During the examination period | 60% |
Additional details
Important online examination information: This examination is the equivalent of a 2-hour assessment; however, students are provided with 3-hours to accommodate the time that will be required for typesetting of mathematical expressions and the uploading of documents.
Last updated: 1 December 2023
Dates & times
- Semester 1
Principal coordinator May Li Mode of delivery Dual-Delivery (Parkville) Contact hours One 2-hour lecture and a 1-hour tutorial per week Total time commitment 170 hours Teaching period 28 February 2022 to 29 May 2022 Last self-enrol date 11 March 2022 Census date 31 March 2022 Last date to withdraw without fail 6 May 2022 Assessment period ends 24 June 2022 Semester 1 contact information
Time commitment details
170 Hours
Last updated: 1 December 2023
Further information
- Texts
Prescribed texts
You will be advised of prescribed texts by your lecturer.
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Commerce (Finance) Major Economics - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 1 December 2023