Students

MMBA8036 – Investment Management

2021 – Term 1, Special circumstances

Notice

As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.

To check the availability of face-to-face and online activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.

General Information

Download as PDF
Unit convenor and teaching staff Unit convenor and teaching staff
Dan Daugaard
dan.daugaard@mq.edu.au
Contact via Email
Credit points Credit points
10
Prerequisites Prerequisites
(MGSM835 or MMBA8035) and (MGSM840 or MMBA8040)
Corequisites Corequisites
Co-badged status Co-badged status
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.

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:

  • ULO1: Identify and evaluate conceptual frameworks and theories in managing investments.
  • ULO2: Develop financial literacy and apply knowledge to evaluate and assess investment portfolio performance.
  • ULO3: Assess and synthesise the differences between behavioural finance and rational expectations in a global investment environment.

Assessment Tasks

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

Group assignment

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.

 
On successful completion you will be able to:
  • Identify and evaluate conceptual frameworks and theories in managing investments.
  • Develop financial literacy and apply knowledge to evaluate and assess investment portfolio performance.
  • Assess and synthesise the differences between behavioural finance and rational expectations in a global investment environment.

Case study 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.

 
On successful completion you will be able to:
  • Identify and evaluate conceptual frameworks and theories in managing investments.
  • Develop financial literacy and apply knowledge to evaluate and assess investment portfolio performance.
  • Assess and synthesise the differences between behavioural finance and rational expectations in a global investment environment.

Online Test

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.

 
On successful completion you will be able to:
  • Identify and evaluate conceptual frameworks and theories in managing investments.
  • Develop financial literacy and apply knowledge to evaluate and assess investment portfolio performance.
  • Assess and synthesise the differences between behavioural finance and rational expectations in a global investment environment.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Writing Centre for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Required Text

Bodie, Z., Kane, A. & Marcus, A. (2021) Investments, 12th edition, McGraw Hill.

MGSM iLearn

The web page for this unit can be found at: https://ilearn.mq.edu.au/login/MGSM

Unit Schedule

Friday

19 February

9am - 5pm

Saturday

20 February

9am - 5pm

Sunday

21 February

9am - 5pm

Saturday

13 March

9am - 5pm

Sunday

14 March

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

 

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/student-conduct

Results

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

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 help you improve your marks and take control of your study.

The Library provides online and face to face support to help you find and use relevant information resources. 

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

If you are a Global MBA student contact globalmba.support@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.

Changes since First Published

Date Description
04/01/2021 Incorrect dates previously published. The correct dates are 19-21 Feb and 13-14 March 2021