Handbook home
Governing Money and Finance (POLS90045)
Graduate courseworkPoints: 12.5Not available in 2022
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.
Overview
| Fees | Look up fees |
|---|
Governing Money and Finance is an elective subject available to students enrolled in the Master of International Relations and other masters degree students in the Graduate School of Humanities and Social Sciences. The subject provides an advanced introduction to the comparative and global politics of monetary and financial governance. It will introduce students to international monetary relations over the last century, including central issues of the causes and consequences of cycles of crisis and stabilization; international monetary and financial governance; the regulation of private markets and nonstate actors; and how these relate to power, international cooperation and conflict. Major issues include the use of national and international reserve assets, the domestic and international politics of exchange rate adjustment, the operations and regulation of banks and other institutions in international money and capital markets, market and institutional constraints upon national policy choices, and the politics of monetary and financial crises. The role of international institutions including the IMF, the Basel Committee, the Financial Stability Board, the G7, G20 and regional mechanisms in Europe and Asia will be covered. The subject will employ concepts and theories in political economy and international relations to address these empirical issues. As a political economy subject, the emphasis is upon the evolving political and institutional context in which monetary and financial markets operate and not upon the technical aspects of their operation or upon economic theory. However, some basic concepts and theories in economics will be used to explore the political aspects of monetary and financial governance. Prior knowledge of finance and economics is not required.
Intended learning outcomes
Students who successfully complete this subject will:
- Understand the shifting patterns of monetary and financial order and disorder in an historical and global context;
- Gain knowledge of major debates in the political economy literature concerning the management and mismanagement of money and finance in the global economy;
- Acquire in-depth understanding of important historical and contemporary issues concerning the role of money and finance in the global political economy;
- Deepen analytical skills relevant to careers in international affairs, including in government, business, media, and nongovernment organisations.
Generic skills
On completion of this subject students should:
• demonstrate competence in critical, creative and theoretical thinking through essay writing, seminar discussion and presentations, conceptualising theoretical problems, forming judgments and arguments from conflicting evidence, and by critical analysis;
• demonstrate proficiency in the application of analytical skills to empirical problems;
• demonstrate an understanding of the academic protocols of research and presentation;
• apply this knowledge and skills to policy-relevant problems.
Last updated: 12 November 2022
Eligibility and requirements
Prerequisites
None
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
POLS90026 International Political Economy (for students enrolled in the Master of International Relations); International relations, international economics and finance, international history, or political science.
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: 12 November 2022
Assessment
| Description | Timing | Percentage |
|---|---|---|
An individual research essay
| Week 8 | 60% |
A written examination
| During the examination period | 40% |
| Hurdle requirement: Students are required to attend a minimum of 80% of classes in order to pass this subject and regular class participation is expected. | Throughout the teaching period | N/A |
Additional details
Last updated: 12 November 2022
Dates & times
Not available in 2022
Time commitment details
170 Hours
Last updated: 12 November 2022
Further information
- Texts
Prescribed texts
Readings will be provided online through the subject's LMS site prior to the commencement of semester.
- Related Handbook entries
This subject contributes to the following:
- Links to additional information
- 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.
Additional information for this subject
Subject coordinator approval required
- 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: 12 November 2022