Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor & Lecturer
Narelle Gordon
4EaR752
Please refer to iLearn
Teaching Assistant
Veronica Chen
Angela Chow
Angela Chow
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Credit points |
Credit points
3
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Prerequisites |
Prerequisites
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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 is an introductory unit in finance and is a core part of the first year knowledge base in most programs. Students will examine the Australian financial system as well as an introduction to financial mathematics and the pricing of financial instruments. They will also learn about financial institutions, financial markets, and risk and regulation. Students will develop spreadsheet skills in finance which is a critical employment skill.
A background of at least HSC General Mathematics or equivalent numerical competency is highly desirable. Students who do not have this background and who do not intend to continue with AFIN102 Finance 1B, are advised to enrol in ECON131 Quantitative Methods in Economics, Business and Finance. Students who plan to continue their studies in finance are strongly advised to have studied at least HSC Mathematics (2 Unit) or its equivalent or MATH123 before enrolling in AFIN102.
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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:
Assessment Criteria: Assessment Criteria for all assessment tasks will be provided on the ilearn site.
Feedback Prior Census Date: On-line Quiz 1 & 2 are to be completed before census date. The results from these quizzes provide an indication of whether you are progressing satisfactorily in the unit. If you are having difficulties, please arrange to see the Unit Convenor and consider withdrawing before the census date.
Final Exam Reference Sheet: In the Final Examination students will be permitted a "Reference Sheet": a ONE A4 sheet of paper containing reference material printed on both sides. The material may be handwritten and/or typed (any font, any colour(s)). The Reference Sheet will be collected at the end of the examination, and will not be returned to you. For the In Class Test 1 (ICT) no reference sheet is allowed and students will be provided with a formula sheet.
Within Session Assessment Task Marks: 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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On-Line Quiz (10 in total) | 23% | No | Week 2 to Week 13 |
Excel Assignment | 7% | No | 10th September 2018 9.55pm |
Class Test | 15% | No | Week 10 16th October, 2018 |
Final Exam | 55% | No | University Examination Period |
Due: Week 2 to Week 13
Weighting: 23%
An On-line quiz (open-book) will be held each week from week 2 through to week 13. Quiz 4 contributes to a possible 5% of overall quiz marks and is part of the Excel Assignment requirement. The other 9 quizzes each carry a weight of 2% (total 18% of possible course marks). Students are given a single attempt at each quiz. No extensions will be granted.
Students should not delay completion of any quiz until the last day. Students who do not complete the quiz prior to the deadline will be awarded a mark of zero (0) for the task except for cases in which an application for Special Consideration (SC) is made and approved. Any approved SC application in relation to an online quiz will normally only be considered for special consideration where the disruption lasted for at least three days of the assessment period. Where the SC is granted, the student may be offered an alternative assessment or may receive a mark based on the percentage mark achieved by the student in one or more other assessment tasks, at the Unit Convenor’s discretion.
Due: 10th September 2018 9.55pm
Weighting: 7%
The Excel Assignment requires preparation of an excel spreadsheet. The assignment is to be completed individually. Details of the assignment, the submission procedure and marking guide will be posted on iLearn by the beginning of week 4. No extensions will be granted. Students who do not complete the assignment prior to the deadline will be awarded a mark of 0 for the task except for cases in which an application for Special Consideration (SC) is made and approved. The Unit Convenor has no discretion to award a supplementary assessment outside of the SC policy. Those granted a Supplementary Assignment will be issued instructions during the mid-term lecture break.
Due: Week 10 16th October, 2018
Weighting: 15%
In Class Test (ICT) (closed book) will be held on Tuesday 16th October at a separately advised time and venue. Details of the venue time and allocation process will be advised in week 5. The Class Test will be 50 minutes in duration and will be based on Week 1 to 7 (inclusive) content. This test will be worth 15%. The test is closed book. A formula sheet will be included in the test paper and will be posted on ilearn.
Students who fail to attend the test for the allocated session will be awarded a mark of zero (0) except in cases where a Special Consideration application is made and approved. The Unit Convenor has no discretion to award a supplementary test outside of the SC policy.
Due: University Examination Period
Weighting: 55%
Final Examination (closed book) will cover all Week 1 through Week 13 topics. It will be a two hour exam, with 10 minutes added for reading time. Students will be permitted one 'Reference Sheet' in the examination room comprising ONE A4 page of paper containing reference material printed on both sides. The material may be handwritten and/or typed. The page will not be returned to students at the end of the final examination.
Learning and Teaching Activities
There are 3 hours of face-to-face teaching per week consisting of 1 x 2 hour lecture and 1 x 1 hour tutorial. The schedule of lecture and tutorial class times is available at: http://www.timetables.mq.edu.au
Lectures
Lectures will be held weekly. No lecture will be held in week 10 but see above for the In Class Test in that week. Lecture notes will be available in the week of the lecture, at the iLearn weekly tabs.
Tutorials
Tutorials will be held weekly, commencing in Week 1. No tutorials are scheduled for Week 10. Tutorials are considered compulsory but no marks are allocated. Attendance will be recorded and may be considered in instances where applications are made for withdrawal without penalty.
Tutorial enrolment or change of tutorial can be made through eStudent in the first two weeks of the semester. No tutorial changes are allowed after Week 2. Students should check on eStudent for their tutorial room, especially as tutorial room allocations may have been changed since time of enrolment. Students should attend their allocated tutorial, but exceptions may occur on a one-off basis. That is, where circumstances prevent you attending your own tutorial in a given week, you may attend an alternative tutorial if a seat is available (sign the attendance record for that alternative tutorial).
Students are expected to complete the ‘Tutorial Questions’ as a self-directed study activity before attending a tutorial. Solutions will be posted after the week in which the questions are discussed. Additional learning support will be available in tutor consultation times, and in PAL sessions.
Required Text
Parino, R. et al. 2014. Fundamentals of Corporate Finance (Australian 2nd Ed.). Milton, QLD: John Wiley & Sons Ltd.
e-text version (cheapest) ISBN : ISBN : 978-0-7303-0571-2 http://www.wileydirect.com.au/buy/fundamentals-of-corporate-finance-2nd-edition/
The Wileyplus add-on should not be purchased for ACST101.
Hardcopy alternative: ISBN : 978-0-7303-0542-2
Note: The university library has licences that enable free online access to the text (with limited page printing allowance per logon). See ilearn.
Technology Used and Required
Calculator
A calculator will be required during the Week 10 In Class Test (ICT), and the Final Examination. Note: students are expected to clearly show all steps (workings) in their solutions to 'calculation' questions.
Non-programmable calculators with no text-retrieval functionality are permitted. Calculators that have a full alphabet on the keyboard are not permitted. Graphics calculators are not permitted. Calculators need the following minimum functionality: xy or ^, 1/x and log or ln functions, and a memory. Non-programmable financial calculators are permitted but it is not a requirement to use a financial calculator.
Students are expected to by Week 1 be familiar at least with the basic operation of their calculator.
Computing
Students are expected to by Week 1 be familiar at least with the basic operation of their computing device, ensuring the device is Wi-Fi enabled to access lecture activities in 'real-time'.
Software
Students should have access to Excel software (version 2013 or more recent), and are expected to in Week 1 have viewed the 'Excel Tutorials' in iLearn 'Kick-Start'. Excel will be used in lectures and tutorials from Week 1. An excel assignment is part of the assessment. A review of Excel fundamentals and time value of money functionality is scheduled for the Week 4 lecture. We strongly recommend students to engage with Excel from Week 1. Students should refer to iLearn for links to obtain free access to Excel software.
Knowledge of Maths
A background of at least HSC General Mathematics or equivalent numerical competency is assumed. A small self-diagnostic online Maths Revision exercise is available on iLearn. The self-diagnostic exercise is not assessable itself, (although Assessable Quiz 1 questions include coverage of similar questions), but may assist in providing an indication of your understanding of the type of mathematics functions we will use in the unit. Students requiring assistance with the unit's mathematical elements throughout the term may consult with the Numeracy Centre team during appointed hours (no appointment needed). Students without HSC General Mathematics or equivalent, are best advised to not undertake ACST101 until completing a math unit (MATH123 or ECON131).
Week | Topic |
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1 |
The Financial System and Interest Rates(Text Ch. 2) |
2 | Time Value of Money I (TVM I) (Single Amounts) (Text Ch. 5) |
3 |
Time Value of Money II (TVM II) (Multiple Amounts) (Text Ch. 6) |
4 |
Excel TVM Functionality (Material provided on iLearn) |
5 |
TVM III (Mixed Problem-solving) (Material provided on iLearn) |
6 | Bond Valuation (Text Ch. 8) |
7 | Share Valuation (Text Ch. 9) |
Mid Semester lecture break 17th September to 1st October (Public Holiday 1st October) | |
8 |
Fundamentals of Capital Budgeting (Text Ch. 10) |
9 |
Risk and Return (Text Ch. 7) |
10 | In-class Test (ICT) TUES 16th October, 2018 Time and Venue TBA. See above. |
11 |
Raising Capital (Text Ch. 15) |
12 | Global Financial Crises and Asset Price Bubbles (material provided on iLearn) |
13 | Revision & Exam Structure briefing |
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.
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 graduates will take with them the intellectual development, depth and breadth of knowledge, scholarly understanding, and specific subject content in their chosen fields to make them competent and confident in their subject or profession. They will be able to demonstrate, where relevant, professional technical competence and meet professional standards. They will be able to articulate the structure of knowledge of their discipline, be able to adapt discipline-specific knowledge to novel situations, and be able to contribute from their discipline to inter-disciplinary solutions to problems.
This graduate capability is supported by:
We want our graduates to be capable of reasoning, questioning and analysing, and to integrate and synthesise learning and knowledge from a range of sources and environments; to be able to critique constraints, assumptions and limitations; to be able to think independently and systemically in relation to scholarly activity, in the workplace, and in the world. We want them to have a level of scientific and information technology literacy.
This graduate capability is supported by:
Our graduates should be capable of researching; of analysing, and interpreting and assessing data and information in various forms; of drawing connections across fields of knowledge; and they should be able to relate their knowledge to complex situations at work or in the world, in order to diagnose and solve problems. We want them to have the confidence to take the initiative in doing so, within an awareness of their own limitations.
This graduate capability is supported by:
Date | Description |
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28/06/2018 | In Class Test date Tuesday 16th October, 2018 |