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Undergraduate Handbook

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Financial Economics - ECONJD3539
UNSW library
Plan Outline
Plan Structure
Honours
Further Information

Plan Summary

 
Faculty: COMM - Australian School of Business
 
 
School: School of Economics
 
 
Contact: ugbusiness@unsw.edu.au
 
 
Program: 3539 - Commerce (Liberal Studies)
 
 
Award(s):
 
 
Bachelor of Commerce (Liberal Studies) (Double Major)
 
 

Plan Outline

Financial Economics is concerned with understanding how financial instruments are priced in markets and how individuals and firms manage financial risk.

Markets for financial instruments arise because some firms and individuals want to borrow while others want to save. A large corporation, for example, may borrow funds to purchase new plant and equipment by issuing further stock while an individual may save by purchasing stocks or government bonds. Markets for financial instruments also arise because firms and individuals want to manage financial risk. For example, a large corporation may bet against the risk of large fluctuations in the Australian - U.S. dollar exchange rate by selling its goods by way of futures contracts. Understanding how the prices of financial instruments are determined in the market place is a central concern of financial economics, along with the design of new financial derivatives.

The area of financial economics that deals with the study of real-world data is known as financial econometrics. Financial econometrics is concerned with the statistical analysis of financial data and testing the real-world applicability of asset-pricing theories. This major provides students with a thorough understanding of the economic principles that underlie the pricing and allocative role of all financial assets, whether they are stocks, bonds, futures or options.

Plan Structure

Students must complete:
  • 48 units of credit (UOC) from the Required and Options Course List below to fulfil requirements for a single major
  • 42 units of credit (UOC) from the Required and Options Course List below to fulfil requirements for a double major
  • 24 units of credit (UOC) from the Required Course Lists below to fulfil the requirements for a minor

Required Course List
Note- students must have completed the first year core requirements (these do not count towards the major or minor requirements)

Options List

Honours

Honours level study is available for Financial Economic students.

Students interested in studying at Honours Level should refer to the relevant Honours plan record for entry requirements.

Further Information

Please note that these requirements may be subject to change. Students are advised to follow requirements according to the year they commenced. Current students are to refer to previous editions of the Online Handbook for program requirements.

Please contact the Business Student Centre for advice.

Business Student Centre
e-mail: ugbusiness@unsw.edu.au
tel: + 61 2 9385 3189
location: Ground Floor, West Wing, Australian School of Business Building

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.