Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit convenor
Dr. Fan Yu
Contact via 02 9850 8568
E4A 728
TBD
Lecturer
Dr. James Cummings
Contact via 02 9850 1169
E4A 228
TBD
Angela Chow
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ACST603 or AFIN858
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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 provides an introduction to the fundamental concepts of investment analysis and their practical application. With an international approach, topics include selecting asset types for specific objectives, bond and stock valuation, asset allocation, the risk-return trade-off, portfolio management, behavioural biases in investment decisions, and fundamental versus technical analysis. The materials covered encompass practical techniques as well as intellectual and academic issues in investment management.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
It is the responsibility of students to view their marks for each within session assessment on iLearn within 20 working days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regarding assessment tasks (not including the final exam mark) will not be addressed.
Name | Weighting | Due |
---|---|---|
Presentation | 10% | Week 5-11 |
Class test in class | 20% | Week 7 |
Case study/report | 20% | TBD |
Final examination | 50% | University Examination Period |
Due: Week 5-11
Weighting: 10%
Students will work on a case study in groups of three or four and present their findings to the class. Details of the case study will be announced in class and posted on iLearn.
Each group will make a ten-minute presentation during weeks 5 to 11 as scheduled by the lecturer. No extensions will be granted. Students who do not deliver their class presentation on the scheduled date will be awarded a mark of 0 for the class presentation, except for cases in which an application for special consideration is made and approved.
This Assessment Task relates to the following Learning Outcomes:
Due: Week 7
Weighting: 20%
The mid-semester test will cover the topics studied during weeks 1 to 5 inclusive.
Students who do not sit for the mid-semester test will be awarded a mark of 0 for the mid-semester test, except for cases in which an application for special consideration is made and approved.
This Assessment Task relates to the following Learning Outcomes:
Due: TBD
Weighting: 20%
Each group will prepare a written report that addresses the issues raised in the case study. Please refer to iLearn for submission details. Please submit your written report before the due time. No extensions will be granted. Late written reports will be accepted up to 72 hours after the submission deadline. There will be a deduction of 10% 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 –20% penalty). This penalty does not apply for cases in which an application for special consideration is made and approved.
This Assessment Task relates to the following Learning Outcomes:
Due: University Examination Period
Weighting: 50%
The final exam will cover the topics studied throughout the semester. The final exam will be scheduled in the examination period.
This Assessment Task relates to the following Learning Outcomes:
Required technology
Non-programmable calculator
Tutorial and lecture times
Students are required to enroll in one three-hour class per week and attend the class in which they are enrolled. See details from the timetable.
Learning and teaching strategy
Face-to-face
Classes will typically consist of a two-hour lecture followed by a one-hour tutorial. Lectures are used to set the scene and show how the topic fits into the overall unit of study aims. Tutorials are essential for helping you to further your understanding and apply concepts to more difficult problems. Participation is strongly encouraged for you to check your progress towards achieving the learning outcomes for the unit.
The textbook for the unit is Bodie, Z., Kane, A. and Marcus, A.J. (2014), Investments, 10th edition, McGraw-Hill (denoted BKM on the reading list). Textbook material will be supplemented by articles and handouts. Chapters from the textbook and specified articles should be read prior to attending the scheduled lecture on that topic. Homework problems will be assigned at the end of lectures and these should be completed before coming to class the following week. Important handouts can be downloaded from the unit's iLearn site.
Online
iLearn (https://ilearn.mq.edu.au) provides the main online learning support. It is essential that you log in at least twice per week to keep abreast of unit-wide announcements and use the resources to supplement your learning. Lecture slides are available by the Friday before each lecture for you to download from iLearn. Solutions to homework problems are made available online after the problems are discussed in class. The multiple choice quizzes available with the textbook are a useful revision resource.
Week | Topic | Readings |
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1 | Introduction | BKM chapters 1 and 2 |
2 | Investment vehicles | BKM chapters 3 and 4 |
3 | Risk preferences and asset allocation | BKM chapters 5 and 6 |
4 | Portfolio optimization | BKM chapters 7 and 8 |
5 | Asset pricing | BKM chapters 9 and 10 |
6 | Market efficiency | BKM chapters 11 and 12 |
7 | Mid-semester test | |
8 | Empirical evidence on security returns | BKM chapter 13 |
9 | Fixed income securities | BKM chapter 14 and 15 |
10 | Interest rate risk management | BKM chapter 16 |
11 | Industry analysis | BKM chapter 17 |
12 | Equity securities | BKM chapter 18 and 19 |
13 | Review |
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
New Assessment Policy in effect from Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy_2016.html. For more information visit http://students.mq.edu.au/events/2016/07/19/new_assessment_policy_in_place_from_session_2/
Assessment Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/assessment/policy.html
Grading Policy prior to Session 2 2016 http://mq.edu.au/policy/docs/grading/policy.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.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.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
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
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
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This graduate capability is supported by:
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This graduate capability is supported by:
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