Capitalism is organised through the circulation and pursuit of money. The financial system is neither a parasite on nor a veil over the 'real economy', but its organiser and disciplinarian. It also breaks down from time to time, sometimes spectacularly. This unit explores money and finance from a political economy perspective. It covers the evolution of money from the gold standard to the present, the institutions, instrument and markets of modern finance, with a special focus on financial innovation and its challenges. It introduces mainstream and critical theories of finance, and applies them to understanding real world structures and events.
1x2hr lecture/week, 1x1hr tutorial/week
750wd Essay (20%) and 1750wd Essay (35%) and 1.5hr exam (35%) and 500wd equivalent Tutorial presentation (10%)
6 Intermediate credit points from Political EconomyProhibitions