Unit convenor and teaching staff |
Unit convenor and teaching staff
Senior Lecturer in Finance
Dr James Cummings
Contact via email
4 Eastern Road, Room 228
Friday, 2:00-4:00 pm
Associate Professor
Dr Kim Hawtrey
Contact via email
4 Eastern Road, Room 433
by appointment
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
ACST603 or ECON649
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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 applies finance theory to the context of operational decision-making and risk management in banking and financial intermediation. The major decision areas for banking management are covered within a regulatory and corporate responsibility framework. The major global financial risks of financial intermediation considered are interest rate risk, credit risk, liquidity risk, foreign exchange risk and market 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:
Feedback prior to the census date: Please use the weekly homework problems 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.
Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
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.
Name | Weighting | Hurdle | Due |
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Mid-semester test | 20% | No | Week 7 in lecture |
Case study/report | 20% | No | 12 October 2018, 5:00 pm |
Final examination | 60% | No | University examination period |
Due: Week 7 in lecture
Weighting: 20%
The mid-semester test will cover the topics studied during weeks 1 to 5 inclusive. The duration of the mid-semester test is two hours. The test will be closed book (no notes or textbooks permitted).
Students who do not sit for the mid-semester test will be awarded a mark of 0 for the mid-semester test, except for cases in which an application for special consideration is made and approved.
Due: 12 October 2018, 5:00 pm
Weighting: 20%
Each student will write an individual report about issues raised in a case study on frameworks and practices in relation to governance, culture and accountability within the Commonwealth Bank of Australia group. Instructions and marking criteria for the report will be provided on the unit iLearn site. The report must be submitted as a PDF file to Turnitin via the unit iLearn site.
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 special consideration is made and approved.
Due: University examination period
Weighting: 60%
The final exam will cover the topics studied throughout the semester. The duration of the final exam is two and a half hours plus 10 minutes reading time. The exam will be closed book (no notes or textbooks permitted).
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Students are required to enrol in one three-hour class per week and attend the class in which they are enrolled. See details from the timetable.
Classes will typically consist of a one-hour workshop followed by a two-hour lecture. Workshops are used to review the homework problems and to apply concepts to more difficult problems. Participation is strongly encouraged for you to check your progress towards achieving the learning outcomes for the unit. Lectures are used to set the scene and show how the topic fits into the overall unit of study aims.
The textbook for the unit is Lange, H., Saunders, A. and Cornett, M.M. (2015), Financial Institutions Management: A Risk Management Approach, 4th edition, McGraw-Hill (denoted LSC on the reading list). Textbook material will be supplemented by articles and handouts. Chapters from the textbook and specified articles should be read prior to attending the scheduled lecture on that topic. Homework problems will be assigned at the end of lectures and these should be completed before coming to the workshop the following week. Important handouts can be downloaded from the unit's iLearn site.
iLearn (https://ilearn.mq.edu.au) provides the main online learning support. It is essential that you log in at least twice per week to keep abreast of unit-wide announcements and use the resources to supplement your learning. Lecture slides are available by the Friday before each lecture for you to download from iLearn. Solutions to homework problems are made available online after the problems are discussed in the workshop.
Week |
Commencing |
Topic |
Readings |
1 | 30 July | Introduction | LSC chapters 1 and 4 |
2 | 6 August | Financial institutions | LSC chapters 2 and 3 |
3 | 13 August | Interest rate risk | LSC chapters 5 and 6 |
4 | 20 August | Off-balance sheet activities | LSC chapters 7 and 16 |
5 | 27 August | Securitisation | LSC chapter 8 |
6 | 3 September | Market risk | LSC chapters 9 and 13 |
7 | 10 September | Mid-semester test | |
Mid-semester break | |||
8 | 2 October | No class | |
9 | 8 October | Credit risk | LSC chapters 10 to 12 |
10 | 15 October | Liquidity risk | LSC chapters 14 and 15 |
11 | 22 October | Operational risk | LSC chapter 17 |
12 | 29 October | Capital adequacy | LSC chapter 18 |
13 | 5 November | Review |
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/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.
Information regarding supplementary exams, including dates, is available at: http://www.businessandeconomics.mq.edu.au/current_students/undergraduate/how_do_i/disruption_to_studies
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
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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 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:
Our postgraduates will be able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.
This graduate capability is supported by: