Students
AFAS200 – Principles of Financial Literacy
2018 – S1 External
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Dr Mark Stewart
Refer to iLearn
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|---|---|
| Credit points |
Credit points
3
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| Prerequisites |
Prerequisites
21cp at 100 level or above
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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, enabling students to understand what is needed to achieve a lifestyle that is financially sustainable, ethical and responsible. 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' research and problem solving skills and develop personal judgement and initiative.
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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:
- Understanding the role of financial goals and developing personal financial goals.
- Constructing and maintaining a working budget.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
- Understanding the principle of saving and planning for retirement.
- Understanding of the general operation principles of taxation, superannuation, insurance and estate planning.
General Assessment Information
Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
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.
Assessment Tasks
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Online Quizzes | 21% | No | See details |
| Forum Discussion | 24% | No | See details |
| Final Exam | 55% | No | To be advised |
Online Quizzes
Due: See details
Weighting: 21%
Student will be required to complete four online quizzes. The questions will be based on the materials covered.
Diagnostic Quiz (0%) - Due on Thursday 15 March 2018 at 11.59pm
Quiz A (7%) - Due on Thursday 22 March 2018 at 11.59pm
Quiz B (7%) - Due on Thursday 12 April 2018 at 11.59pm
Quiz C (7%) - Due on Thursday 17 May 2018 at 11.59pm
Extension
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
On successful completion you will be able to:
- Understanding the role of financial goals and developing personal financial goals.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
- Understanding the principle of saving and planning for retirement.
- Understanding of the general operation principles of taxation, superannuation, insurance and estate planning.
Forum Discussion
Due: See details
Weighting: 24%
Students are required to contribute to the forum. Details will be provided on the iLearn unit.
Forum A (8%) - Due on Sunday 25 March 2018 at 11.59pm
Forum B (8%) - Due on Sunday 15 April 2018 at 11.59pm
Forum C (8%) - Due on Sunday 20 May 2018 at 11.59pm
Extension
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
On successful completion you will be able to:
- Understanding the role of financial goals and developing personal financial goals.
- Constructing and maintaining a working budget.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
- Understanding the principle of saving and planning for retirement.
- Understanding of the general operation principles of taxation, superannuation, insurance and estate planning.
Final Exam
Due: To be advised
Weighting: 55%
The final exam is open book and will be held online. The duration of the exam is 2 hours including reading time. Further details will be provided on iLearn.
Extension
No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
On successful completion you will be able to:
- Understanding the role of financial goals and developing personal financial goals.
- Constructing and maintaining a working budget.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
- Understanding the principle of saving and planning for retirement.
- Understanding of the general operation principles of taxation, superannuation, insurance and estate planning.
Delivery and Resources
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, the student's internet provider or the student's internet connectivity.
Required and Recommended Texts and/or Materials
Focus on Personal Finance (McGraw-HILL, by Kapour, Dlabay and Hughes)
Please note that the Unit references five Chapters in the text (Chapter 1 and Chapter 2 and Chapter 11 and Chapter 12 and Chapter 13). The publisher has agreed to make these chapters (all five) available as an eBook at a cost of approximately AUD30. We will post on iLearn the link to the eBook as soon as it is available.
Further resources:
Additional materials will be made available on iLearn. These materials include narrated Overview Presentations on each Topic.
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
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.
Unit Schedule
Schedule
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Week |
Commencing on |
Topic |
Details |
Text chapter |
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Week 1 |
26 Feb |
Topic 1 |
Personal finance basics |
Chapter 1 |
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Week 2 |
05 Mar |
Topic 2 |
Money management |
Chapter 2 |
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Week 3 |
12 Mar |
Topic 3 |
Setting goals and objectives |
Chapter 2 |
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Week 4 |
19 Mar |
Topic 4 |
Investments - fundamentals |
Chapter 11 |
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Week 5 |
26 Mar |
Topic 5 |
Investments – bonds |
Chapter 11 |
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Week 6 |
02 Apr |
Topic 6 |
Investments – equity |
Chapter 12 |
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Week 7 |
09 Apr |
Topic 7 |
Investments – managed funds |
Chapter 13 |
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Mid session break |
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Week 8 |
30 Apr |
Topic 8 |
Investments – strategy |
Not applicable |
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Week 9 |
07 May |
Topic 9 |
Insurance for significant assets |
Not applicable |
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Week 10 |
14 May |
Topic 10 |
Retirement planning |
Not applicable |
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Week 11 |
21 May |
Topic 11 |
Tax |
Not applicable |
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Week 12 |
28 May |
Topic 12 |
Estate planning |
Not applicable |
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Week 13 |
04 Jun |
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Review |
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Policies and Procedures
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Grade Appeal Policy
- Complaint Management Procedure for Students and Members of the Public
- Special Consideration Policy (Note: The Special Consideration Policy is effective from 4 December 2017 and replaces the Disruption to Studies Policy.)
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/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/study/getting-started/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
Information regarding supplementary exams, including dates, is available at: http://www.businessandeconomics.mq.edu.au/current_students/undergraduate/how_do_i/special_consideration
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://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.
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
- Constructing and maintaining a working budget.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
Assessment task
- Forum Discussion
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
- Understanding the role of financial goals and developing personal financial goals.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
- Understanding the principle of saving and planning for retirement.
- Understanding of the general operation principles of taxation, superannuation, insurance and estate planning.
Assessment tasks
- Online Quizzes
- 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
- Understanding the role of financial goals and developing personal financial goals.
- Constructing and maintaining a working budget.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
Assessment tasks
- Online Quizzes
- Forum Discussion
- Final Exam
Problem Solving and Research Capability
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:
Learning outcomes
- Understanding the role of financial goals and developing personal financial goals.
- Constructing and maintaining a working budget.
- Assessing, comparing and evaluating common investment, structures and vehicles and debt instruments,
- Understanding the principle of saving and planning for retirement.
- Understanding of the general operation principles of taxation, superannuation, insurance and estate planning.
Assessment task
- Forum Discussion
Changes since First Published
| Date | Description |
|---|---|
| 24/02/2018 | revisions to prescribed text (reference to availability of eBook) |