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Practitioners of finance need a deep understanding of the modern world of finance. Accordingly, this course will emphasise the learning and application of monetary policy concepts. The course assumes some background knowledge in finance and statistics.

Financial Economics is a course that provide in-depth economic theory and relevant applications for finance. It draws upon well-established microeconomic theory, which helps to provide an understanding of the interactions between agents and markets within the global financial system. The course also develops macroeconomic theory that directly relates to the monetary and banking system. A solid foundational understanding of financial economics is critical for you to develop core competency in finance.

On successful completion of this course students should be able to:

1. apply economic principles that determine the allocation of resources in financial markets;
2. synthesise knowledge, concepts, theories, and processes pertaining to the functioning of financial institutions, regulation, structure, risk management and the impact of economic policy on the financial system;
3. use critical thinking skills to constructively and logically solve problems, and engage in theoretical debates about transaction costs, economies of scale, adverse selection, moral hazard, the principal agent problem, the term structure of interest rates and the conduct of central banks;
4. apply economic and financial knowledge and technical skills to determine the likely impacts of government policy and the interplay of demand and supply factors on key economic metrics including interest rates, inflation and economic growth;
5. work collaboratively and apply the literacy and numeracy skills required of financial services professionals, to interpret written and graphical information, to explain financial policy and regulations, and perform calculations facing managers of financial institutions.