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ACST201
Financial Techniques, Instruments and Markets
Department of Applied Finance and Actuarial Studies Faculty of Business and Economics

Unit Guide
E2 Evening; Offered in Session 2, North Ryde 2012

Table of Content Table of Content General Information
Convenor and teaching staff Credit Points Prerequisites Corequisites Co-badged status Unit Description

2 3
3 3 3 3 3 3

Learning Outcomes Graduate Capabilities
Problem Solving and Research Capability Creative and Innovative Effective Communication Commitment to Continuous Learning Discipline Specific Knowledge and Skills Critical, Analytical and Integrative Thinking Capable of Professional and Personal Judgement and Initiative

4 5
5 5 5 6 6 7 7

Assessment Tasks
Assignments (Five) Take Home Quiz 1 Take Home Quiz 2 Spreadsheet Project Final Examination

9
9 9 10 10 10

Unit Schedule Delivery and Resources
Classes Required and Recommended Texts and/or Materials Technology Used and Required Teaching and Learning Strategy

12 13
13 13 13 14

Policies and Procedures
Academic Honesty Grades Grading Appeals and Final Examination Script Viewing Special Consideration Policy Student Support Student Enquiry Service Equity Support IT Help

15
15 15 15 15 16 16 16 16

Research and Practice

17

Page 2 of 17

General Information
Convenor and teaching staff
Unit Convenor: Sachi Purcal Email: sachi.purcal@mq.edu.au Phone: 9850-8571 Office: E4A 615 Consultation Hours: Thursdays, 1000–1200, E4A 615 Teaching Assistant: Daniel Ciarliero Email: daniel.ciarliero@mq.edu.au

Credit Points
3

Prerequisites
ACST101(P) and 15cp

Corequisites
N/A

Co-badged status
This unit is not co-badged.

Unit Description
This unit explores some basic concepts of finance, in particular: price; yield; the relationship between price and yield; interest rate risk; reinvestment risk; duration and its uses; volatility; the contingent payments approach; arbitrage pricing theory; pricing forwards; future and options. To achieve understanding, this unit uses financial mathematics (the techniques learned in ACST101 Techniques and Elements of Finance are developed further here) to analyse transactions involving commonly used financial instruments in the context of the markets in which they are traded. At the same time, students develop skills in solving problems; in explaining financial ideas in simple language; in constructing spreadsheet models; and in working as part of a team. A range of assessment tasks are provided, some to generate feedback on how well the understanding and skills are developing, and others to determine the standard of understanding and skills attained.

Page 3 of 17

Learning Outcomes
At the end of this unit students will have developed the following skills: 1. Have an appreciation of the time value of money. 2. Be an expert in compound interest theory 3. Understanding of the basic concepts and principles of financial analysis 4. Solving Problems 5. Explaining financial ideas in plain language 6. Writing explanations of technical concepts

Page 4 of 17

Graduate Capabilities
This unit provides opportunities to develop in the graduate capabilities in the following ways:

Problem Solving and Research Capability
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: Learning Outcome Learning Outcome Learning Outcome Assessment Task Assessment Task Assessment Task Assessment Task Assessment Task Have an appreciation of the time value of money. Be an expert in compound interest theory Solving Problems...
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