Unit convenor and teaching staff |
Unit convenor and teaching staff
Dan Daugaard
Contact via Email
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
(MGSM835 or MMBA8035) and (MGSM840 or MMBA8040)
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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 a conceptual framework to apply modern investment theory. Students analyse the investment industry, the risk-return relation, asset allocation between risky and risk-free assets, how optimal portfolios are constructed and why they are constructed the way they are. The unit also provides insights in terms of models that explain the cross-section of stock returns, articulating and considering the market efficiency debate, differences between behavioural finance and rational expectations, bond portfolio management, and portfolio insurance techniques. The unit concludes by examining portfolio performance measurement as the final step in the investment process. |
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:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Group assignment | 35% | No | Refer to iLearn |
Case study report | 35% | No | Refer to iLearn |
Online Test | 30% | No | Refer to iLearn |
Assessment Type 1: Report
Indicative Time on Task 2: 20 hours
Due: Refer to iLearn
Weighting: 35%
A 1,500 word case study report including both quantitative and qualitative analysis. Marks will be allocated 50% for each students individual questions and 50% for the combined group report.
Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 20 hours
Due: Refer to iLearn
Weighting: 35%
A 1,500 word case study report including both quantitative and qualitative analysis.
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Refer to iLearn
Weighting: 30%
A 1.5 hour open book online mid session test will be held.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
Required Text
Bodie, Z., Kane, A. & Marcus, A. (2017) Investments, 11th edition, McGraw Hill, ISBN: 9781259277177
For information on textbook prices and online ordering, please refer to the Co-Op Bookshop webpage at http://www.coop.com.au
MGSM iLearn
The web page for this unit can be found at: https://ilearn.mq.edu.au/login/MGSM
Friday |
31 July |
9am - 5pm |
Saturday |
1 August |
9am - 5pm |
Sunday |
2 August |
9am - 5pm |
Saturday |
15 August |
9am - 5pm |
Sunday |
16 August |
9am - 5pm |
Students are required to attend all classes.
The unit will be presented as follows
Session |
Topic |
Required Textbook Reading |
1 |
The Investment Environment |
Chapters 1-5 |
2 |
Investment Return and Risk |
Chapters 6-7 |
3 |
Asset Pricing Models |
Chapters 9-10 |
4 |
Managed Funds: Measuring Performance and Critiquing |
Chapters 4 & 24 |
5 |
Market Efficiency and Behavioural Finance |
Chapters 11 & 12 |
6 |
Bond Investments; Bond Valuation; Investment Strategies |
Chapters 14-16 |
7 |
Investing in Shares |
Chapters 17 & 25 |
8 |
Valuation Models |
Chapters 18-19 |
9 |
Environmental, Social and Governance Investing; and Trends in Investment Management |
CFA Readings |
10 |
Review Session |
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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:
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).
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