Students

AFIN2000 – Principles of Financial Literacy

2022 – Session 1, Online-flexible

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor
Mark Stewart
Yin Liao
Credit points Credit points
10
Prerequisites Prerequisites
70cp at 1000 level or above
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit develops financial literacy, enabling students to understand what is needed to achieve a lifestyle that is financially sustainable, ethical and responsible. On completion of the unit, students will be able to set financial goals, establish a working budget, understand and distinguish between different investment instruments, and have the knowledge and skills to make informed and effective personal financial decisions.

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: Explain the role of financial goals and develop personal financial goals.
  • ULO2: Assess, compare and evaluate common investment instruments.
  • ULO3: Acquire knowledge and skills to make informed and effective personal financial decisions.

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

Other assessment criteria for assessment tasks will be provided on the unit iLearn site.

Assessment Tasks

Name Weighting Hurdle Due
Online Quiz 27% No refer to iLearn for due date
Forum Discussion 18% No refer to iLearn for due date
Final Examination 55% No refer to iLearn for due date

Online Quiz

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: refer to iLearn for due date
Weighting: 27%

 

Student will be required to complete four online quizzes. The questions will be based on the materials covered.

 


On successful completion you will be able to:
  • Explain the role of financial goals and develop personal financial goals.
  • Assess, compare and evaluate common investment instruments.
  • Acquire knowledge and skills to make informed and effective personal financial decisions.

Forum Discussion

Assessment Type 1: Participatory task
Indicative Time on Task 2: 10 hours
Due: refer to iLearn for due date
Weighting: 18%

 

Students are required to contribute to the Discussion Forums. Details will be provided on the iLearn unit.

 


On successful completion you will be able to:
  • Explain the role of financial goals and develop personal financial goals.
  • Assess, compare and evaluate common investment instruments.
  • Acquire knowledge and skills to make informed and effective personal financial decisions.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 30 hours
Due: refer to iLearn for due date
Weighting: 55%

 

A two hour final exam will be held online during the university examination period.

 


On successful completion you will be able to:
  • Explain the role of financial goals and develop personal financial goals.
  • Assess, compare and evaluate common investment instruments.
  • Acquire knowledge and skills to make informed and effective personal financial decisions.

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

This unit is delivered entirely online.  There are no face to face classes or lectures.  All assessment is undertaken online.

You study at your own pace.  There are regular assessment deliverables (each with prescribed dates and times) and these must be taken into account when preparing a study plan.

The unit has extensive materials available on iLearn including pre recorded videos, topic overviews and topic presentations.

It is important that you have access to reliable internet.

Unit Schedule

Please refer to iLearn.

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.


Unit information based on version 2022.03 of the Handbook