Students
AFAS300 – Principles of Financial Literacy
2015 – S3 External
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Nidal Danoun
Consultation via email
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| Credit points |
Credit points
3
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| Prerequisites |
Prerequisites
39cp
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| Corequisites |
Corequisites
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| Co-badged status |
Co-badged status
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| Unit description |
Unit description
This unit develops financial literacy to enable students to understand what is needed to achieve a lifestyle that is financially sustainable, ethical and responsible. The key areas of financial goals, budgeting, investments, superannuation, and common contracts and employment structures are explored. On completion of the unit students will be able to set financial goals, establish a working budget, understand and distinguish between different investment instruments, understand the key features of superannuation in Australia and understand the implications of common financial contracts and employment structures. These outcomes aim to develop students' discipline-specific knowledge, research and problem solving skills, personal judgement, and an understanding of the need for continuous learning.
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Important Academic Dates
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
Learning Outcomes
On successful completion of this unit, you will be able to:
- Understand the role of financial goals and develop personal financial goals.
- Construct and maintain a working budget.
- Assess, compare and evaluate common investment and debt instruments.
- understand the principle of saving and planning for retirement
- Recognize, compare and contrast different structures.
- Insurance and estate planning
General Assessment Information
Please note: Semester 3 is a shorter semester consists of 5 Weeks of teaching
Assessment Tasks
| Name | Weighting | Due |
|---|---|---|
| Forum Participation | 20% | Weekly |
| Test | 20% | Refer to ilearn |
| Major Assignment | 20% | TBA |
| Final Exam | 40% | University exam timetable |
Forum Participation
Due: Weekly
Weighting: 20%
5 separate discussion forums will be running on a fortnightly basis starting from week 1 -5.Students will be asked to engage in an online forum discussion on topics posed to the forum. Students will be marked for their genuine active participation in the forum discussion and their contribution and engagement in the debate.
A genuine participation involves the student making a satisfactory submission of their answers to the question or topic asked. and then making genuine contribution to 2 other submissions for 2 different students in the forum.
On successful completion you will be able to:
- understand the principle of saving and planning for retirement
- Insurance and estate planning
Test
Due: Refer to ilearn
Weighting: 20%
Warning
This is an online course and therefore it is the student's responsibility to have available and access to the technology to access the material and to complete the tasks. No exceptions or extensions will be granted because of issues with the student's technology, the student's internet provider or the student's internet connectivity.
This test will be conducted on-line
Further announcement regarding the test will be made on ilearn during the semester
Extension
No extensions will be granted. Students who have not attempted a quiz prior to the deadline will be awarded a mark of 0 for that quiz, except for limited cases in which an application for special consideration is made and approved.
On successful completion you will be able to:
- Understand the role of financial goals and develop personal financial goals.
- Assess, compare and evaluate common investment and debt instruments.
- understand the principle of saving and planning for retirement
- Recognize, compare and contrast different structures.
- Insurance and estate planning
Major Assignment
Due: TBA
Weighting: 20%
To be eligible to pass this unit, student must satisfactorily complete this assessment.
The assignment must be submitted online via Turnitin.
No extensions will be granted. Late tasks will be accepted up to 72 hours after the submission deadline. There will be a deduction of 20%* of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 40% penalty). This penalty does not apply for cases in which an application for special consideration is made and approved.
The assignment will require you to present a report base on a case study question. Further information will be provided via ilearn after the start of the semester
On successful completion you will be able to:
- Understand the role of financial goals and develop personal financial goals.
- Construct and maintain a working budget.
- Assess, compare and evaluate common investment and debt instruments.
- understand the principle of saving and planning for retirement
- Recognize, compare and contrast different structures.
- Insurance and estate planning
Final Exam
Due: University exam timetable
Weighting: 40%
To be eligible to pass this unit, a pass grade is required in the final examination.
Further information will be provided on iLearn site.
No extensions will be granted.
On successful completion you will be able to:
- Understand the role of financial goals and develop personal financial goals.
- Assess, compare and evaluate common investment and debt instruments.
- understand the principle of saving and planning for retirement
- Recognize, compare and contrast different structures.
- Insurance and estate planning
Delivery and Resources
Classes
Please note: this is an online course and therefore it is the student’s responsibility to have the technology to access the material and to complete the assigned tasks. No exceptions or extensions will be granted because of issues with the student’s technology.
Required and Recommended Texts and/or Materials
Prescribed textbook: Focus on Personal Finance 4th edition, by Kapour, Dlabay and Hughes (Mc Graw Hill)
Further resources:
Readings will be drawn from the online sources including journal articles and students are also expected to follow web links in the Learning Management System and download materials.
Technology Used and Required
Technology used
1. Learning Management System
2. Microsoft Office
3. Internet
4. Voice boards
Technology requirements
1. Access to a computer
2. Access to Microsoft Office
3. Access to the Internet
Unit Web Page
Course material is available on the learning management system (iLearn)
The web page for this unit can be found at ilearn.mq.edu.au.
Teaching and Learning Strategy
Students are expected to listen to online lectures and read the material supplied via iLearn.
Unit Schedule
Please refer to iLearn site for detail information.
Policies and Procedures
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Grievance Management Policy http://mq.edu.au/policy/docs/grievance_management/policy.html
Disruption to Studies Policy http://www.mq.edu.au/policy/docs/disruption_studies/policy.html The Disruption to Studies Policy is effective from March 3 2014 and replaces the Special Consideration Policy.
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Student Code of Conduct
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Supplementary Exams
Further information regarding supplementary exams, including dates, is available here
Student Support
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Student Services and Support
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Student Enquiries
For all student enquiries, visit Student Connect at ask.mq.edu.au
IT Help
For help with University computer systems and technology, visit http://informatics.mq.edu.au/help/.
When using the University's IT, you must adhere to the Acceptable Use Policy. The policy applies to all who connect to the MQ network including students.
Graduate Capabilities
Capable of Professional and Personal Judgement and Initiative
We want our graduates to have emotional intelligence and sound interpersonal skills and to demonstrate discernment and common sense in their professional and personal judgement. They will exercise initiative as needed. They will be capable of risk assessment, and be able to handle ambiguity and complexity, enabling them to be adaptable in diverse and changing environments.
This graduate capability is supported by:
Learning outcomes
- Understand the role of financial goals and develop personal financial goals.
- Construct and maintain a working budget.
- Assess, compare and evaluate common investment and debt instruments.
- Insurance and estate planning
Assessment tasks
- Forum Participation
- Test
- Major Assignment
- Final Exam
Discipline Specific Knowledge and Skills
Our graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
Learning outcomes
- Understand the role of financial goals and develop personal financial goals.
- Construct and maintain a working budget.
- Assess, compare and evaluate common investment and debt instruments.
- understand the principle of saving and planning for retirement
- Recognize, compare and contrast different structures.
- Insurance and estate planning
Assessment tasks
- Forum Participation
- Test
- Major Assignment
- Final Exam
Critical, Analytical and Integrative Thinking
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Learning outcomes
- Understand the role of financial goals and develop personal financial goals.
- Construct and maintain a working budget.
- Assess, compare and evaluate common investment and debt instruments.
- understand the principle of saving and planning for retirement
- Recognize, compare and contrast different structures.
- Insurance and estate planning
Assessment tasks
- Forum Participation
- Test
- Major Assignment
- Final Exam
Effective Communication
We want to develop in our students the ability to communicate and convey their views in forms effective with different audiences. We want our graduates to take with them the capability to read, listen, question, gather and evaluate information resources in a variety of formats, assess, write clearly, speak effectively, and to use visual communication and communication technologies as appropriate.
This graduate capability is supported by:
Learning outcomes
- Understand the role of financial goals and develop personal financial goals.
- Assess, compare and evaluate common investment and debt instruments.
- Recognize, compare and contrast different structures.
- Insurance and estate planning
Assessment tasks
- Forum Participation
- Test
- Major Assignment
- Final Exam
Changes from Previous Offering
Research and Practice
This unit uses research from external sources.
This unit gives you practice in applying research findings in your assignments.
Changes since First Published
| Date | Description |
|---|---|
| 07/12/2015 | small amendments to reflect 5 weeks in summer school |