Governing Money and Finance (POLS90045)
Graduate courseworkPoints: 12.5Not available in 2025
About this subject
Overview
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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: 4 March 2025
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: 4 March 2025
Assessment
| Description | Timing | Percentage |
|---|---|---|
An individual research essay
| From Week 7 to Week 9 | 60% |
A written examination
| During the examination period | 40% |
| Hurdle requirement: 1. Attendance hurdle requirement: This subject has a minimum requirement of 80% attendance at tutorials, seminars, or workshops. | Throughout the teaching period | N/A |
| Hurdle requirement: 2. Late Penalty and Assessment hurdle requirement: Assessment submitted late without an approved extension will be penalised at five per cent (5%) of the possible marks available for the assessment task per day or part thereof. All pieces of assessment must be submitted to pass the subject. Each submitted assessment must be complete, constitute a genuine attempt to address the requirements of the task and will not be accepted after 20 University business days from the original assessment due date without written approval. | Throughout the semester | N/A |
Last updated: 4 March 2025
Dates & times
Not available in 2025
Time commitment details
170 Hours
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 4 March 2025
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Public Policy and Management Course Master of Development Studies Course Master of International Relations Course Master of International Business - 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.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
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
Last updated: 4 March 2025