Course Title: Facilitate customer awareness of the Australian financial system and markets

Part A: Course Overview

Program: C4210

Course Title: Facilitate customer awareness of the Australian financial system and markets

Portfolio: BUS

Nominal Hours: 40.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

ACCT5238C

City Campus

TAFE

650T TAFE Business

Face-to-Face

Term2 2009

Course Contact: Clem Simonetto

Course Contact Phone: +61 3 9925 5426

Course Contact Email: clem.simonetto@rmit.edu.au


Course Description

This unit covers the skills and knowledge to develop client awareness of how the monetary and financial systems and markets operate in Australia, with the aim of enhancing basic consumer financial literacy. It also enables learners to develop knowledge of the nature and role of financial institutions and markets within the Australian financial system.


Pre-requisite Courses and Assumed Knowledge and Capabilities

NONE



National Competency Codes and Titles

National Element Code & Title:

FNSFLIT502B Facilitate customer awareness of the Australian financial system and markets

Elements:

FNSFLIT502B/01 Explain to clients, the function and role of the Reserve Bank of Australia (RBA)

FNSFLIT502B/02 Outline the role of money and Australia’s monetary base

FNSFLIT502B/03 Outline the main features of the Australian financial markets

FNSFLIT502B/04 Provide information to the client about regulation of the financial system


Learning Outcomes

Refer to performance elements and performance criteria.


Overview of Assessment

Assessment may incorporate a variety of methods including written tests, a group assignment and final test.
The tests are closed book and consist of multiple choice, practical exercises and short answer questions. The group assignment requires students to research the role and function of a financial institution or a major contemporary issue relating to the financial system and of concern to consumers.

You will receive ongoing feedback on your progress in the course. Feedback on assessment will be given in a timely manner. You will be informed about how to improve your performance in the competency/course and what you need to do to be deemed competent or to gain a pass in the assessment.