|Unit convenor and teaching staff||
Unit convenor and teaching staff
Unit Convenor & Lecturer
Please refer to iLearnLecturer
Please refer to iLearnLecturer
Contact via by email
Contact via by email
Veronica ChenSenior Department Administrator AFAS
This is an introductory unit in finance and is a core part of the first year knowledge base in most programs. Students will examine the Australian financial system as well as an introduction to financial mathematics and the pricing of financial instruments. They will also learn about financial institutions, financial markets, and risk and regulation. Students will develop spreadsheet skills in finance which is a critical employment skill. A background of at least HSC General Mathematics or equivalent numerical competency is highly desirable. Students who do not have this background and who do not intend to continue with AFIN102 Finance 1B, are advised to enrol in ECON131 Quantitative Methods in Economics, Business and Finance. Students who plan to continue their studies in finance are strongly advised to have studied at least HSC Mathematics (2 Unit) or its equivalent or MATH123 before enrolling in AFIN102.
Information about important academic dates including deadlines for withdrawing from units are available at http://students.mq.edu.au/student_admin/enrolmentguide/academicdates/
Assessment Criteria: Assessment Criteria for all assessment tasks will be provided on the ilearn site.
Feedback Prior Census Date: On-line Quiz 1 & 2 are to be completed before census date. The results from these quizzes provide an indication of whether you are progressing satisfactorily in the unit. If you are having difficulties, please arrange to see the Unit Convenor and consider withdrawing before the census date.
Final Exam Reference Sheet: In the Final Examination students will be permitted a "Reference Sheet": a ONE A4 sheet of paper containing reference material printed on both sides. The material may be handwritten and/or typed (any font, any colour(s)). The Reference Sheet will be collected at the end of the examination, and will not be returned to you. For the In Class Test 1 (ICT1) and In Class Test 2 (ICT2) no reference sheet is allowed and students will be provided with a formula sheet.
Within Session Assessment Task Marks: 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 marks (not including the final exam mark) will not be addressed.
|On-Line Quiz (10 in total)||23%||Week 2 to Week 13|
|Excel Assignment||7%||10th April 2017|
|Class Test||15%||Week 10|
|Final Exam||55%||University Examination Period|
Due: Week 2 to Week 13
An On-line quiz (open-book) will be held each week from week 2 through to week 13. Quiz 4 contributes to a possible 5% of overall quiz marks and is part of the Excel Assignment requirement. The other 9 quizzes each carry a weight of 2% (total 18% of possible course marks). Students are given a single attempt at each quiz. No extensions will be granted. Students who do not complete the quiz prior to the deadline will be awarded a mark of zero (0) for the task except for cases in which an application for Disruption to Studies (DtS) is made and approved.
Due: 10th April 2017
The Excel Assignment requires preparation of an excel spreadsheet. The assignment is to be completed individually. Details of the assignment, the submission procedure and marking guide will be posted on iLearn by 25th March, 2017. [Note: Students must also complete the excel online quiz being Quiz 4 mentioned above. The Quiz is separately assessed.] No extensions will be granted. Students who do not complete the assignment prior to the deadline will be awarded a mark of 0 for the task except for cases in which an application for Disruption to Studies is made and approved. The Unit Convenor has no discretion to award a supplementary assessment outside of the DtS policy.
Due: Week 10
In Class Test (ICT) (closed book) will be held in lectures in Week 10. The Class Test will be 50 minutes in duration and will be based on Week 1 to 7 (inclusive) content. This test will be worth 15%. Students must attend the lecture venue in which they are enrolled. Students who fail to attend the test for their enrolled lecture time will be awarded a mark of zero (0) except in cases where a Disruption to Studies application is made and approved.
Due: University Examination Period
Final Examination (closed book) will cover all Week 1 through Week 13 topics. It will be a two hour exam, with 10 minutes added for reading time. Students will be permitted one 'Reference Sheet' in the examination room comprising ONE A4 page of paper containing reference material printed on both sides. The material may be handwritten and/or typed. The page will not be returned to students at the end of the final examination.
Learning and Teaching Activities
There are 3 hours of face-to-face teaching per week consisting of 1 x 2 hour lecture and 1 x 1 hour tutorial.
The schedule of lecture and tutorial class times is available at: http://www.timetables.mq.edu.au
Lectures will be held weekly. Lecture notes will be available in the week of the lecture, at the iLearn weekly tabs.
Tutorials will be held weekly, commencing in Week 1. No tutorials are scheduled for Week 10. Tutorials are considered compulsory. Attendance will be recorded and may be considered in instances where Disruption to Studies applications are made or applications are made for withdrawal without penalty.
Tutorial enrolment or change of tutorial can be made through eStudent in the first two weeks of the semester. No tutorial changes are allowed after Week 2. Students should check on eStudent for their tutorial room, especially as tutorial room allocations may have been changed since time of enrolment. Students should attend only their allocated tutorial.
Students are expected to complete the ‘Tutorial Questions’ as a self-directed study activity before attending a tutorial. Solutions will be posted after the week in which the questions are discussed. Additional learning support will be available in tutor consultation times, and in PAL sessions.
Parino, R. et al. 2014. Fundamentals of Corporate Finance (Australian 2nd Ed.). Milton, QLD: John Wiley & Sons Ltd.
e-text version (cheapest) ISBN : ISBN : 978-0-7303-0571-2 http://www.wileydirect.com.au/buy/fundamentals-of-corporate-finance-2nd-edition/
The Wileyplus add-on not required for ACST101.
hardcopy alternative: ISBN : 978-0-7303-0542-2
Technology Used and Required
A calculator will be required during the Week 10 In Class Test (ICT), and the Final Examination. Note: students are expected to clearly show all steps (workings) in their solutions to 'calculation' questions.
Non-programmable calculators with no text-retrieval functionality are permitted. Calculators that have a full alphabet on the keyboard are not permitted. Graphics calculators are not permitted. Calculators need the following minimum functionality: xy or ^, 1/x and log or ln functions, and a memory. Non-programmable financial calculators are permitted but it is not a requirement to use a financial calculator.
Students are expected to by Week 1 be familiar at least with the basic operation of their calculator.
Students are expected to by Week 1 be familiar at least with the basic operation of their computing device, ensuring the device is Wi-Fi enabled to access lecture activities in 'real-time'.
Students should have access to Excel software, and are expected to in Week 1 have viewed the 'Excel Tutoriasl' in iLearn 'Kick-Start'. Excel will be used in lectures and tutorials from Week 1. A review of Excel fundamentals and time value of money functionality is scheduled for the Week 4 lecture. To maximise the benefit of the Week 4 lecture content, we strongly recommend students to engage with Excel from Week 1. Students should refer to iLearn for links to obtain free access to Excel software.
Knowledge of Maths
A background of at least HSC General Mathematics or equivalent numerical competency is assumed. A small self-diagnostic online Maths Revision exercise will be available on iLearn in Week 1. The test is not assessable but may assist in providing an indication of your understanding of the type of mathematics functions we will use in the unit. Students requiring assistance with the unit's mathematical elements throughout the term may consult with the Numeracy Centre team during appointed hours (no appointment needed).
The Financial System and Interest Rates(Text Ch. 2)
|2||Time Value of Money I (TVM I) (Single Amounts) (Text Ch. 5)|
Time Value of Money II (TVM II) (Multiple Amounts) (Text Ch. 6)
Excel TVM Functionality (Material provided on iLearn)
TVM III (Mixed Problem-solving) (Material provided on iLearn)
|6||Bond Valuation (Text Ch. 8)|
|7||Share Valuation (Text Ch. 9)|
|Mid Semester lecture break 14th April to 30th April|
Fundamentals of Capital Budgeting (Text Ch. 10)
Risk and Return (Text Ch. 7)
|10||In-class Test (ICT)|
Raising Capital (Text Ch. 15)
|12||Global Financial Crises (material provided on iLearn)|
|13||Revision & Exam Structure briefing|
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_2016.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 (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
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.
Further information regarding supplementary exams, including dates, is available here http://www.businessandeconomics.mq.edu.au/new_and_current_students/undergraduate_current_students/how_do_i/disruption_to_studies/
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.
For all student enquiries, visit Student Connect at ask.mq.edu.au
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 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 graduates should be capable of researching; of analysing, and interpreting and assessing data and information in various forms; of drawing connections across fields of knowledge; and they should be able to relate their knowledge to complex situations at work or in the world, in order to diagnose and solve problems. We want them to have the confidence to take the initiative in doing so, within an awareness of their own limitations.
This graduate capability is supported by:
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:
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:
Assessment weightings are changed to apply 23% of course marks to the On-line quizzes, 7% to an excel assignment, 15% to the in-class test and 55% to the Final Exam.
|23/02/2017||Correct error in unit schedule regarding mid-term break dates Add lecturers|