Students

MMBA8036 – Investment Management

2022 – Term 1, Fully online/virtual

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Andrew Lepone
andrew.lepone@mq.edu.au
Keith Woodward
keith.woodward@mq.edu.au
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.

General Assessment Information

Late submissions of assessments  

Unless a Special Consideration request has been submitted and approved, no extensions will be granted. There will be a deduction of 10% of the total available assessment-task marks made from the total awarded mark for each 24-hour period or part thereof that the submission is late. Late submissions will only be accepted up to 96 hours after the due date and time.

 

No late submissions will be accepted for timed assessments – e.g., quizzes, online tests.

 

Table 1: Penalty calculation based on submission time

Submission time after the due date (including weekends)

Penalty (% of available assessment task mark)

Example: for a non-timed assessment task marked out of 30

< 24 hours

10%

10% x 30 marks = 3-mark deduction

24-48 hours

20%

20% x 30 marks = 6-mark deduction

48-72 hours

30%

30% x 30 marks = 9-mark deduction

72-96 hours

40%

40% x 30 marks = 12-mark deduction

> 96 hours

100%

Assignment won’t be accepted

Special Consideration  

To request an extension on the due date/time for a timed or non-timed assessment task, you must submit a Special Consideration application. An application for Special Consideration does not guarantee approval.

The approved extension date for a student becomes the new due date for that student. The late submission penalties above then apply as of the new due date.

Assessment Tasks

Name Weighting Hurdle Due
Case study report 30% No 13/02/2022
Group assignment 30% No 04/03/2022
Test 40% No 18/02/2022

Case study report

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 20 hours
Due: 13/02/2022
Weighting: 30%

 

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.

Group assignment

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 20 hours
Due: 04/03/2022
Weighting: 30%

 

A 1,500 - 3.000 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.

Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: 18/02/2022
Weighting: 40%

 

A 1.5-hour test will be held in session.

 
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.

For information on textbook prices and online ordering, please refer to the Booktopia webpage at https://www.booktopia.com.au/investments-zvi-bodie/book/9781260571158.html

iLearn

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

Unit Schedule

 

Class Dates: 

Friday 21 January 2022 9am - 5pm
Saturday 22 January 2022 9am - 5pm
Sunday 23 January 2022 9am - 5pm
Saturday 12 February 2022 9am - 5pm
Sunday 13 February 2022 9am - 5pm

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

Individuals and Investing

Chapters 9-10

4

Managed Funds Basics; Measuring Managed Funds Performance; Critiquing Managed Funds

Chapters 4 & 24

5

Investing in Shares

Chapters 17 & 25

6

Investing Principles

Chapters 18-19

7

Bond Investments; Bond Valuation; Investment Strategies

Chapters 14-16

8

Market Efficiency and Behavioural Finance

Chapters 11-12

9

Other Investments: Preference Shares; Convertibles; Derivatives; Hedge Funds; Other Tangibles

Chapters 21, 22 & 26

10

Discussion Session on Project; Integration & Review

 

 

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

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

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

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via AskMQ, or contact Service Connect.

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
08/12/2021 The new MQ "Late Assessment Submission statement" added.

Unit information based on version 2022.02 of the Handbook