1997 QUT Handbook

■ EFB303 ADVANCED MICROECONOMICS
This unit will add to and further develop the theories and issues
studied in EFB211 and will introduce additional advanced
practical applications.
Courses: BS50, BS56 Prerequisites: EFB211 or EPB152
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: EPB101
■ EFB304 ADVANCED ECONOMETRIC
TECHNIQUES
This unit progresses from EFB200, extending the student’s
knowledge to topics in applied econometrics. Single equation
issues addressed include errors in variables, distributed lag
models and causality testing. Recent developments in time
series econometrics are examined in the context of the problem
of nonstationarity of time series data. The identification
of and estimation techniques used in simultaneous equation
models are also covered in this unit. The application of these
econometric techniques are illustrated in the context of economic
modelling.
Courses: BS50, BS56 Prerequisites: EFB200 or EPB102
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: EPB103
■ EFB305 CURRENT ECONOMIC POLICY
CHALLENGES
This is a ‘capstone’ unit which harnesses the foundational skills
developed in previous units of the Economics major in order
to illustrate the application of economic analysis to key policy
problems through the in-depth consideration of selected topical
issues. The selection of issues will be flexible and subject
to continuous review in order to ensure relevance. Approximately
four issues will be selected, and each treated in some
depth. An indicative list of issues which could be explored in
the current circumstances is: the national savings debate, economic
solutions to environmental problems, the debate around
a goods and services tax, the issue of regulation versus deregulation
of the labour market.
Courses: BS50, BS56
Prerequisites: EFB211 and EFB202 or EPB141 and EPB151
Credit Points: 12 Contact Hours: 3 per week
■ EFB306 ECONOMIC MODEL BUILDING
Model specification and theory formulation; investigating the
model characteristics and the underlying assumptions of convexity,
concavity and regularity; theoretical appraisal of single
and simultaneous equation model building and audit usefulness
in pacifying and solving economic issues and problems.
Courses: BS50, BS56
Prerequisites: EPB104 or EFB213 and EPB140 and EPB150
or EPB172, or EFB102 or EPN102 or EFN405
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: EPB115
■ EFB307 FINANCE 2
Theoretical development of the CAPM model, its practical
application and its relationship to efficient market hypothesis.
Capital structure, dividends, short-term assets, leasing, takeovers,
options and futures.
Courses: BS50, BS56, IF37, IF40
Prerequisites: FNB111, EFB210
Credit Points: 12 Contact Hours: 4 per week
Incompatible with: FNB112
■ EFB308 FINANCE 3
A study of contemporary finance research; event research; beta
estimation; valuation theory; use of finance research tools;
anomalies and extension of finance theories; students are required
to complete a research project combining theory and
practice.
Courses: BS50, BS56 Prerequisites: FNB112, EFB307
Credit Points: 12 Contact Hours: 4 per week
Incompatible with: FNB113
■ EFB309 FINANCIAL DERIVATIVES
This unit extends students’ knowledge of financial derivatives,
to encompass exotic trading strategies in options, futures and
684
physical instruments; option replication strategies; modifications
to the basic option theory, to account for firm capitalisation
changes (e.g. bonus shares); designer options; and option
pricing models, other than the standard Black-Scholes OPM
studied in EFB307.
Courses: BS50, BS56 Prerequisites: FNB112, EFB307
Credit Points: 12 Contact Hours: 3 per week
■ EFB310 FINANCIAL INSTITUTIONS – CONTROL
This subject is designed to familiarise students with the management
considerations of a financial institution, particularly from a
financial management perspective. Students will gain an understanding
of the relevance of both financial management and managerial
accounting within the financial institution.
Courses: BS50, BS56, IF40
Prerequisites: FNB111 or FNB107 or EFB206 or EFB210
Credit Points: 12 Contact Hours: 4 per week
Incompatible with: FNB124, FNB115
■ EFB311 FINANCIAL INSTITUTIONS – LENDING
Finance theory and the lending function; cost of bank funds;
the evaluation of retail loans, lending to small business; financial
statement analysis; corporate lending and securities; financing
international trade; problem loans and credit scoring.
Courses: BS50, BS56, IF40
Prerequisites: FNB107 or FNB111 or EFB206 or EFB210
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: FNB114
■ EFB312 INTERNATIONAL FINANCE &
ECONOMICS
To examine the theory and practice of international finance,
including the mechanics and uses of the spot, forward, swap,
futures and options markets in foreign exchange; the relationship
between domestic and international capital markets; interest
rate and exchange rate determination; risk management
of foreign exchange; international trade finance; evaluation
of offshore investment (including country risk).
Courses: BS50, BS56
Prerequisites: FNB111 or FNB107 or EFB210 or EFB206
Credit Points: 12 Contact Hours: 4 per week
Incompatible with: FNB120, EFB212, EPB132
■ EFB313 INTERNATIONAL MACROECONOMICS
This unit deals with the various theoretical and policy approaches
to the macroeconomy as they are pursued in different
countries. It examines the comparative macroeconomic
performance in different countries over time, the distinction
between interventionist and laissez-faire policies, as well as
the differences in traditions and approaches between English
speaking and non-English speaking countries.
Courses: BS50, BS56 Prerequisites: EFB302
Credit Points: 12 Contact Hours: 3 per week
■ EFB314 INTERNATIONAL TRADE & ECONOMIC
COMPETITIVENESS
The unit analyses the increasing globalisation of world trade
and finance, and develops an analytical framework to assess
the impact of these flows on the Australian economy, its businesses
and its policy makers. It examines trade and capital
flows, exchange rate determination, and the impact of these
external variables upon domestic interest rates, prices and levels
of activity.
Courses: BS50, BS56
Prerequisites: EFB211 and EFB202 or EPB142 and EPB152
Credit Points: 12 Contact Hours: 3 per week
Incompatible with: EPB130 and EPB132 and EFB212
■ EFB315 ISSUES IN FINANCE
The finance framework; positive versus normative methods;
Kuhn’s model of progress; the resolution of traditional finance
problems; regulation and finance, market failure: the finance
solution.
Courses: BS50, BS56, IF40
Prerequisites: FNB111, FNB123 or EFB210, AYB225
Credit Points: 12 Contact Hours: 4 per week
Incompatible with: FNB121