Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Keith Woodward
See ilearn
Angela Chow
Angela Chow
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ACST603 or AFIN858
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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 examines current techniques for measuring and managing the financial risk faced by corporate and financial institutions, with an emphasis on the practical use of derivative financial products such as forwards, futures, swaps and options to manage risk.
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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:
To provide early feedback, you are to complete a self-assessment online quiz to be released in Week 3. Use this quiz as an indicator of whether you are progressing satisfactorily in the unit. If you are having difficulties, please see the Unit Convenor and consider withdrawing before the census date. Your score on the quiz will not count towards your grade.
It is the responsibility of students to view their marks for each within session assessment on iLearn within 20 working days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regarding assessment marks (not including the final exam mark) will not be addressed.
Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Week 4 class test | 5% | No | Week 4 |
Mid semester class test | 25% | No | Week 7 |
Assignment | 20% | No | Week 10 |
Final Examination | 50% | No | Examination period |
Due: Week 4
Weighting: 5%
Due: Week 7
Weighting: 25%
Students will sit an invigilated in-class test. Further details will be provided on the unit iLearn website.
Due: Week 10
Weighting: 20%
Students complete a major assignment on a topical issue in financial risk management chosen by the convenor. Further details will be provided on the unit iLearn website.
The project is a group task with 50% of the marks allocated to individual performance.
The project must be submitted via the unit iLearn website.
No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission - 20% penalty). This penalty does not apply for cases in which an application for disruption of studies is made and approved. No submission will be accepted after solutions have been posted.
Due: Examination period
Weighting: 50%
The Final Exam lasts 2 hours with 10 minutes reading time. The exam will cover all topics taught across the entire unit. Further details will be provided on the unit iLearn website.
You are permitted ONE A4 page of paper containing reference material printed on both sides. The material may be handwritten or typed. The page will not be returned to you at the end of the final examination.
Non-programmable calculators are allowed, provided that they are not capable of storing text.
Classes
Required and Recommended Texts and/or Materials
Unit Web Page
Technology Used and Required
Date (Monday) |
Week |
Topic |
31.7.17 |
1 |
Introduction to risk management and derivatives |
7.8.17 |
2 |
Managing risk with derivatives |
14.8.17 |
3 |
Pricing forwards, futures and swaps |
21.8.17 |
4 |
Pricing options: Binomial model. Census date 26 August. Week 4 class test (5%) |
28.8.17 |
5 |
Pricing options: Black-Scholes-Merton model |
4.9.17 |
6 |
Measuring risk |
11.9.17 |
7 |
Mid semester class test (25%) |
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Mid-semester break from Monday 18.9.17 to Friday 29.9.17 |
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2.10.17 |
8 |
Managing interest rate and credit risk |
9.10.17 |
9 |
Major derivatives losses |
16.10.17 |
10 |
Model risk. Assignment due (20%) |
23.10.17 |
11 |
Ethical issues in risk management |
30.10.17 |
12 |
Valuing risk management |
6.11.17 |
13 |
Review |
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy_2016.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results shown in iLearn, 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.
Supplementary exams
Information regarding supplementary exams, including dates, is available at:
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
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.
Our postgraduates will demonstrate a high standard of discernment and common sense in their professional and personal judgment. They will have the ability to make informed choices and decisions that reflect both the nature of their professional work and their personal perspectives.
This graduate capability is supported by:
Our postgraduates will be able to demonstrate a significantly enhanced depth and breadth of knowledge, scholarly understanding, and specific subject content knowledge in their chosen fields.
This graduate capability is supported by:
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by: