The capitalist economy is organised around the circulation and pursuit of money. The financial system is neither a parasite on nor a veil over the 'real economy'; it is the organiser and disciplinarian of capitalism as an economic system, and it also breaks down from time to time, sometimes spectacularly. In this unit, you will explore: the evolution of money from the gold standard to the present; and, the institutions, instruments, and markets of modern finance, with a special focus on financial innovation and its challenges. You will critically engage with mainstream and other economic theories of finance, and apply these to understanding real world financial structures and events.
Unit details and rules
Academic unit | Political Economy |
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Credit points | 6 |
Prerequisites
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12 credit points at 2000 level in Political Economy |
Corequisites
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None |
Prohibitions
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ECOP3009 |
Assumed knowledge
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None |
Available to study abroad and exchange students | Yes |
Teaching staff
Coordinator | Bill Dunn, bill.dunn@sydney.edu.au |
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