Unit convenor and teaching staff |
Unit convenor and teaching staff
Associate Professor
Shane Magee
Contact via Email
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
Admission to Master of Applied Finance or Graduate Diploma of Applied Finance
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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 assesses the structure, instruments and participants in the Financial System. It covers the theory and practical application of financial instruments including debt, equity, hybrids and derivatives. It also articulates the roles and objectives of participants in the system, social contracts and regulation. |
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:
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.
Name | Weighting | Hurdle | Due |
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Class activities | 20% | No | Online quizzes due: 10 Apr, 18 Apr, 24 Apr, 15 May, 5 Jun |
Assignment | 40% | No | 22 May |
Final assessment | 40% | No | University examination period |
Assessment Type 1: Participatory task
Indicative Time on Task 2: 20 hours
Due: Online quizzes due: 10 Apr, 18 Apr, 24 Apr, 15 May, 5 Jun
Weighting: 20%
Tasks set with online classes including quizzes, online or recorded presentations, learning portfolio, analytical tasks and participation.
Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 30 hours
Due: 22 May
Weighting: 40%
Assessment of finance transactions. Individual task up to 4,000 words.
Assessment Type 1: Practice-based task
Indicative Time on Task 2: 20 hours
Due: University examination period
Weighting: 40%
A time-constrained task based on scenarios.
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
Recommended Text
McDonald, R.L., 2013, Derivatives Markets, Pearson New International Edition, 3rd Edition, Pearson, ISBN 9781292021256
The Pearson New International Edition is based on the U.S. 3rd Edition ISBN 9781292021256
For information on textbook prices and online ordering, please refer to Pearson’s at https://www.pearson.com.au/products/detail?isbn=9781292021256
Useful References
Bodie, Z., Kane, A., and Marcus, A.J., 2014, Investments, 11th edition, McGraw Hill.
McDonald, R.L., 2009, Fundamentals of Derivatives Markets, Pearson.
Viney, C., and Phillips, P.J., 2019, Financial Institutions, Instruments & Markets.
Learning and Teaching Activities
Strategy: Programs in the Applied Finance Centre adopt a deep teaching and learning strategy in which students acquire and retain knowledge and also are able to make sense of the issues and concepts and apply them in the “real world”. The program relies heavily on student engagement and participation by: (a) Continuous learning throughout the term. This is encouraged through a combination of students undertaking prescribed reading throughout the units and/or completion of practice problems, online activities, case studies, assignments, class discussions, etc and interaction via forums; and (b) Assessments, which enable the student to demonstrate his/her understanding of the learning objectives achieved through the continuous learning.
Student Participation: This is blended unit where students need to complete assigned activities before live Zoom sessions and block teaching. Students participate in this unit by: (a) Actively engaging with the videos and required readings of this unit; (b) Working systematically through and completing online activities; (c) Interacting in forums; and (d) Completing all assessment tasks.
Week | Topic | Session Details |
1 | Introduction |
Zoom webinar: Wed 6 Apr 7:00pm - 8:30pm |
2 | Valuation, risk and return |
Zoom webinar: Wed 13 Apr 7:00pm - 8:30pm |
3 | The building block financial instruments |
Zoom webinar: Wed 20 Apr 7:00pm - 8:30pm |
4 | Forwards, futures and options: Pricing and applications |
Block Weekend: Sat 30 Apr 10:00am - 3:00pm; Sun 1 May 10:00am - 3:00pm Attendance: In person at Macquarie City campus (Sydney) or online via Zoom |
5 | Further option pricing |
Zoom webinar: Thu 5 May 7:00pm - 8:30pm |
6 | Assignment preparation |
Zoom webinar: Wed 11 May 7:00pm - 8:30pm |
7 | Debt and swap markets: Introduction |
Zoom webinar: Wed 18 May 7:00pm - 8:30pm |
8 | Debt and swap markets: Applications |
Block Weekend: Sat 28 May 10:00am - 3:00pm; Sun 29 May 10:00am - 3:00pm Attendance: In person at Macquarie City (Sydney) campus or online via Zoom |
9 | Revision | |
10 | Revision |
Zoom webinar: Wed 8 Jun 7:00pm - 8:30pm |
11 | Exam week |
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.
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 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
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.
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
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.
Macquarie University offers a range of Student Support Services including:
Got a question? Ask us via AskMQ, or contact Service Connect.
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.
Date | Description |
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15/03/2022 | Changed due date for quiz 4. |
Unit information based on version 2022.03 of the Handbook