10 cp Prerequisites ACCT100 Principles of Accounting and STAT102 Business Data Analysis Teaching Organisation 3 hours per week for twelve weeks or equivalent.
Financial institutions, instruments and markets have undergone significant change in recent years and students are required to develop an understanding of these changes and the evolution of financial markets. There have been increases in trading volume and the presence of an abundance of financial instruments. Financial institutions that create and trade in financial assets have therefore transformed themselves in order to respond to these changes. Financial markets influence the future of businesses and the allocation of resources generally, through their control over the cost and supply of funds. They also contribute to the efficient operation of businesses and the economy through their provision of payment services and risk-management investments. This unit is designed to help you acquire a knowledge of the operations of the institutions and markets that comprise Australia's financial system and develop an understanding of the instruments used in raising finance and in the management of risk posed by the financial system.