Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit coordinator
Mehdi Sadeghi
Contact via 98508527
514, E4A
TBA
Lecturer
Keith Woodward
Contact via TBA
TBA
TBA
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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 overview of the operation of the capital markets in Australia. The financial institutions are described and the securities offered by these institutions are reviewed. Emphasis is placed on the financial instruments available to companies and investors from the equity, debt and derivative markets.
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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:
Consultation: Teacher consultation times will be posted to iLearn.
Questions: Subject-related questions whose answer is useful to everyone should be posted to the iLearn discussion board. Questions of a personal nature can be sent to your teacher.
Extensions: No extensions will be granted. Students who are unable to attend the test will be awarded a mark of 0 for the test, except for cases where an application for special consideration has been made and approved. Late tasks 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.
Marks in gradebook: 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 |
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Class Test | 25% | Week 7 |
Group Assignment | 25% | Week 11 |
Final Examination | 50% | Final exam period |
Due: Week 7
Weighting: 25%
Mid-semester test (Week 7) 25%
The 90-minute mid-semester test will cover topics from the prior weeks' lectures and the associated reading materials. You are expected to present yourself for the test in Lecture 7 at the enrolled time and place of your normal lecture.
Due: Week 11
Weighting: 25%
Report worth 25% of the final mark. You should form a group of 2-4 members from your class in the first few weeks of the lecture and elect a group leader. It is important for each group member to contribute substantially to the final submitted work. The responsibility of the group leader is to upload the report on behalf of the group to Turnitin on ilearn in week 11. All group members are equally responsible for the entire submitted assignment. The team leader is also expected to maintain a weekly journal, registering the contribution of each team member during the week. The Journal must be submitted with the assignment in week 11.
Due: Final exam period
Weighting: 50%
The final examination will be a 3-hour paper. All topics are examinable.
To be eligible to pass this unit, a pass is required in the final examination
Classes
There are twelve lectures and one in-class Mid-Semester test conducted over thirteen weeks in the following classes.
The timetable for classes can be found on the University web site at:http://www.timetables.mq.edu.au/
It is an assessment requirement of this unit that students attend classes.
Required text and/or materials
C. Viney, Financial Institutions, Instruments and Markets, McGraw-Hill, Seventh edition, 2013. The textbook may be purchased from the Macquarie University Co-op Bookshop, and students are advised to use the book to improve their understanding of the lectures. Older versions will do just fine.
Technology Used and Required
Non-programmable calculators will be allowed in the mid-term test and the final exam. Students are advised to bring their calculators to class. You are expected to show all workings for your calculations. All calculations should be to two decimal places, and rounding should be left till the end. Excessive and premature rounding will be penalised.
Unit web page
The course material is available in http://ilearn.mq.edu.au. Students are advised to check the unit website regularly, and ensure that all material posted on the website can be accessed without difficulties. If you are unable to access any of the material on the website, check with your classmates first before notifying your lecturer of the problem.
Unit Schedule
Lecture |
Week Starting Monday |
Topic |
Readings |
1 |
29.2.16 |
A Modern financial system |
Ch. 1 and lectures notes |
2 |
7.3.16 |
Commercial banks |
Ch. 2 and lecture notes |
3 |
14.3.16 |
Non-bank financial institutions |
Ch.3, and lecture notes |
4 |
21.3.16 |
The share market and corporations. |
Ch.4 and lecture notes |
5 |
28.3.16 |
Issuing new equity & investing in the share market. |
Ch.5, Ch.6 sections1-3 and lecture notes |
6 |
4.4.16 |
Performance measurement, sharepricing & forecasting in equity market |
Ch.6 sections 4-6,Ch.7 and lecture notes |
7 |
25.4.16 |
In Class test (25 %) Ch.1 to 7 (to be confirmed) |
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Break |
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Monday 11.4.16 to Friday 22.4.16 |
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8 |
2.5.16 |
Short-term debt |
Ch.9, and lecture notes |
9 |
9.5.16 |
Medium-to-long term debt. |
Ch.10, and lecture notes |
10 |
16.5.16 |
Futures contracts and forward rate agreements. |
Ch.19, and lecture notes |
11 |
23.5.16 |
Options, Report due (25%). |
Ch.20, and lecture notes |
12 |
30.5.16 |
Government debt, monetary policy, and payments system. |
Ch.12, and lecture notes |
13 |
6.6.16 |
An introduction to interest rate determination and forecasting. |
Ch.13, and lecture notes |
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.
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.
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by:
There have been no changes from the last offering.
This unit gives you practice in applying research findings in your essay.