Unit convenor and teaching staff |
Unit convenor and teaching staff
Coordinator
Keith Woodward
Refer to ilearn
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
(ACST603 or AFIN858) or (admission to MAppFin or MAppFin(Adv))
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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:
Details: Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
Consultation: Teacher consultation times will be posted to iLearn.
Questions: Subject-related questions should be posted to the iLearn discussion board since the answers are then available for everyone to read. Questions placed here will be answered quickly. Questions of a personal nature can be sent to your teacher.
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 | Hurdle | Due |
---|---|---|---|
Week 3 test | 5% | No | Week 3 |
Class test | 30% | No | Week 9 |
Group assignment | 15% | No | Week 11 |
Final examination | 50% | No | Final exam period |
Due: Week 3
Weighting: 5%
Due: Week 9
Weighting: 30%
Task Description:
Students will sit an invigilated in-class test which will cover topics from the prior weeks' lectures, associated reading materials and the assignment.
A number of questions in the test will cover topics closely related to the group assignment in order to examine the 50% individual's performance in the total assignment mark. So it is important that you have made substantial progress on your group assignment by this time.
Further details will be provided on the iLearn website.
Type of Collaboration: Individual Submission: In-class Format: Multiple choice test, 50 questions. Length: 90 minutes Inherent Task Requirements: Based on the prior weeks' classes Late Submission: No extensions will be granted. Students who do not sit the test will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved
Due: Week 11
Weighting: 15%
Group assignment.
You should form a group of 2-4 members from you 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 by the due date. 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 on the last page.
Type of Collaboration: Group of 2-4 people Submission: Electronically via ilearn Format: Refer to ilearn Length: Refer to ilearn Inherent Task Requirements: Refer to ilearn Late Submission: No extensions will be granted. 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. No submission will be accepted after solutions have been posted.
Due: Final exam period
Weighting: 50%
Examination.
All topics are examinable. You are permitted one A4 page of paper containing hand-written reference material printed on both sides. The page will not be returned to you at the end of the final examination.
Type of Collaboration: Individual Submission: During examination period Format: Multiple choice and short answer questions Length: 2 hours Inherent Task Requirements: Refer to ilearn Late Submission: No extensions will be granted. Students who do not sit the test will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approvedClasses
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
Week |
Date (Monday) |
Topic |
Textbook chapters |
1 |
29.7.19 |
A modern financial system. |
1 |
2 |
5.8.19 |
Commercial banks. |
2 |
3 |
12.8.19 |
Non-bank financial institutions. In-class test (5%) covering topics 1 and 2. |
3 |
4 |
19.8.19 |
The share market and corporations. Census date 22 August 2019. |
4 |
5 |
26.8.19 |
Issuing new equity & investing in the share market. |
5, and Ch.6 sections1-3 |
6 |
2.9.19 |
Performance measurement, share pricing & forecasting in equity market. |
6 sections 4-6, and Ch.7 |
7 |
9.9.19 |
Short-term debt. |
9 |
Break |
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Mid-semester break from Monday 16.09.19 to Friday 27.09.19 |
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8 |
30.9.19 |
Medium-to-long term debt. |
10 |
9 |
7.10.19 |
In-class test (30%) covering topics 1 to 8, plus questions related to the assignment. |
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10 |
14.10.19 |
Futures contracts and forward rate agreements. |
19 |
11 |
21.10.19 |
Options. Assignment due (15%). |
20 |
12 |
28.10.19 |
Government debt, monetary policy, and the payments system. |
12 |
13 |
4.11.19 |
An introduction to interest rate determination and forecasting. |
13 |
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:
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).
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 published on platform other than eStudent, (eg. iLearn, Coursera etc.) 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 or if you are a Global MBA student contact globalmba.support@mq.edu.au
Supplementary exams
Information regarding supplementary exams, including dates, is available at:
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
If you are a Global MBA student contact globalmba.support@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:
An extra week 3 test with a small 5% weight was added based on suggestions in the Student Representative feedback reports.
This unit gives you practice in applying research findings in your essay.