BANK2011: Semester 2, 2022

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Units BANK2011 Semester 2 2022 [Normal day]

Unit of study_

BANK2011: Banking and the Financial System

Semester 2, 2022 [Normal day] - Remote

Overview

This unit covers money, commercial banking and central banking and the interactions with the other aspects of the financial system including the financial instruments that facilitate a transfer of resources from savers to investors and the financial markets that allow financial instruments to be traded efficiently. There is a concentration on understanding the financial institutions within the financial system that provide a wide-range of financial services including access to financial markets and the process of financial intermediation. Students are exposed to monetary policy implementation by central banks and the resultant economic impacts both nationally and internationally. Current regulatory settings and government regulatory agencies responsible for these and policy debates are also emphasised.

Unit details and rules

Unit code	BANK2011
Academic unit	Finance
Credit points	6
Prohibitions ?	ECOS2004
Prerequisites ?	(BUSS1020 or ECMT1010 or ENVX1001 or ENVX1002 or DATA1001 or ((MATH1005 or MATH1015) and MATH1115) or 6 credit points in MATH units including MATH1905) and (BUSS1040 or ECON1001 or ECON1002)
Corequisites ?	None
Assumed knowledge ?	FINC2011
Available to study abroad and exchange students	Yes

Teaching staff

Coordinator	Lantian Liang, lantian.liang@sydney.edu.au
Lecturer(s)	Lantian Liang, lantian.liang@sydney.edu.au
Lecturer(s)	Elvis Jarnecic, elvis.jarnecic@sydney.edu.au

Type	Description	Weight	Due	Length
Final exam (Record+)	Final online exam Online written exam	50%	Formal exam period	2 hours
Outcomes assessed:
Assignment	Report 1 Written report	25%	Week 06 Due date: 09 Sep 2022 at 23:59 Closing date: 23 Sep 2022	5 A4 pages
Outcomes assessed:
Assignment	Report 2 Written report	25%	Week 10 Due date: 14 Oct 2022 at 23:59 Closing date: 28 Oct 2022	5 A4 pages
Outcomes assessed:
= Type B final exam ?

Assessment summary

Report 1: Each student will write an individual report about issues raised in case studies on the role of development of the financial sector in public finance and national economic growth and the principles by which governments and decision-makers might assess proposals to provide distress financing to banks and corporations.
Report 2: Each student will write an individual report about issues raised in a case study on the scope, history and scale of the fintech industry.
Final online exam: The final exam will cover the topics studied throughout the semester.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name	Mark range	Description
High distinction	85 - 100	Awarded when you demonstrate the learning outcomes for the unit at an exceptional standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Distinction	75 - 84	Awarded when you demonstrate the learning outcomes for the unit at a very high standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Credit	65 - 74	Awarded when you demonstrate the learning outcomes for the unit at a good standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Pass	50 - 64	Awarded when you demonstrate the learning outcomes for the unit at an acceptable standard, as defined by grade descriptors or exemplars outlined by your faculty or school.
Fail	0 - 49	When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see sydney.edu.au/students/guide-to-grades.

For more information see guide to grades.

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

Deduction of 5% of the maximum mark for each calendar day after the due date.
After ten calendar days late, a mark of zero will be awarded.

Academic integrity

The Current Student website provides information on academic integrity and the resources available to all students. The University expects students and staff to act ethically and honestly and will treat all allegations of academic integrity breaches seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic integrity breach. If such matches indicate evidence of plagiarism or other forms of academic integrity breaches, your teacher is required to report your work for further investigation.

You may only use artificial intelligence and writing assistance tools in assessment tasks if you are permitted to by your unit coordinator, and if you do use them, you must also acknowledge this in your work, either in a footnote or an acknowledgement section.

Studiosity is permitted for postgraduate units unless otherwise indicated by the unit coordinator. The use of this service must be acknowledged in your submission.

Learning support

Simple extensions

If you encounter a problem submitting your work on time, you may be able to apply for an extension of five calendar days through a simple extension.  The application process will be different depending on the type of assessment and extensions cannot be granted for some assessment types like exams.

Special consideration

If exceptional circumstances mean you can’t complete an assessment, you need consideration for a longer period of time, or if you have essential commitments which impact your performance in an assessment, you may be eligible for special consideration or special arrangements.

Special consideration applications will not be affected by a simple extension application.

Using AI responsibly

Co-created with students, AI in Education includes lots of helpful examples of how students use generative AI tools to support their learning. It explains how generative AI works, the different tools available and how to use them responsibly and productively.

Weekly schedule

WK	Topic	Learning activity
Week 01	Introduction and Money and the Payments System	Lecture (2 hr)
Week 02	Financial Instruments, Markets and Institutions	Lecture and tutorial (3 hr)
Week 03	Interest Rates and Risk Aversion	Lecture and tutorial (3 hr)
Week 04	Bond Prices and Yield	Lecture and tutorial (3 hr)
Week 05	Financial Intermediation	Lecture and tutorial (3 hr)
Week 06	Banks and Bank Management	Lecture and tutorial (3 hr)
Week 07	Credit Risk	Lecture and tutorial (3 hr)
Week 08	Financial Industry Structure	Lecture and tutorial (3 hr)
Week 09	Regulation of the Financial System	Lecture and tutorial (3 hr)
Week 10	Central Banks in the Modern Financial System	Lecture and tutorial (3 hr)
Week 11	Money Supply Process	Lecture and tutorial (3 hr)
Week 12	Monetary Policy Tools	Lecture and tutorial (3 hr)
Week 13	1. Monetary Policy Transmission; 2. Final Exam Review	Lecture and tutorial (3 hr)

Attendance and class requirements

Lecture recordings: All lectures are recorded and will be available on Canvas for student use. Please note the Business School does not own the system and cannot guarantee that the system will operate or that every class will be recorded. Students should ensure they attend and participate in all classes.

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

Cecchetti, S. and Schoenholtz, K. (2021). Money, Banking, and Financial Markets, 6th edition, McGraw-Hill, ISBN 978-1-260-57136-3.

All readings for this unit can be accessed through the Library Reading List, available on Canvas.

Learning outcomes

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University's graduate qualities and are assessed as part of the curriculum.

Outcomes
Graduate qualities

At the completion of this unit, you should be able to:

LO1. describe the functions of money, financial institutions, financial instruments, and markets within the financial system
LO2. explain why interest rates change and how this affects the real economy
LO3. undertake analysis of business situations and present findings and recommendations for action which are supported by quantitative and/or qualitative analysis
LO4. identify and explain the key inherent risks faced by banks in performing financial intermediation
LO5. understand the roles of the government and central banks in the banking sector and the challenges they face.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1	Depth of disciplinary expertise Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.
GQ2	Critical thinking and problem solving Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.
GQ3	Oral and written communication Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.
GQ4	Information and digital literacy Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.
GQ5	Inventiveness Generating novel ideas and solutions.
GQ6	Cultural competence Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.
GQ7	Interdisciplinary effectiveness Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.
GQ8	Integrated professional, ethical, and personal identity An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.
GQ9	Influence Engaging others in a process, idea or vision.

Outcome map

Learning outcomes	Graduate qualities
Learning outcomes

Responding to student feedback

This section outlines changes made to this unit following staff and student reviews.

Updated assessment due dates and weekly topics

Additional information

Disclaimer

The University reserves the right to amend units of study or no longer offer certain units, including where there are low enrolment numbers.

To help you understand common terms that we use at the University, we offer an online glossary.

Current students

Overview

Overview

Unit details and rules

Teaching staff

Assessment

Assessment

Assessment summary

Assessment criteria

Late submission

Academic integrity

Learning support

Learning support

Simple extensions

Special consideration

Using AI responsibly

Weekly schedule

Weekly schedule

Attendance and class requirements

Study commitment

Required readings

Learning outcomes

Learning outcomes

Graduate qualities

Outcome map

Responding to student feedback

Responding to student feedback

Additional information

Additional information

Disclaimer

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