FINM7006courseoutline0218.docx

FINM7006courseoutline0218.docx

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FINM7006courseoutline0218

mailSchoolofFinance,ActuarialStudiesandAppliedStatistics

ANUCollegeofBusinessandEconomics

Building26C

TheAustralianNationalUniversityACT0200

telSchoolOffice

0261250487

CollegeReception

International:

+61261253807

WithinAustralia:

1300732120（localcallcostonly）

faxSchoolOffice

0261250087

CollegeReception

International:

+61261250744

WithinAustralia:

0261250744

emailinfo.cbe@anu.edu.au

mainofficeRoom2.01

Level2

Building26C

refertotheANUCampusMap（mapGH32,referenceG3）

CourseOutline

FINM7006FinancialMarketsandSystems

Semester1,2011

STUDENTS:

Coursedetailschangefromsemestertosemester.PleasecheckthatyouarereadingtheCourseOutlineforthecorrectsemester.

CourseDescription

FinancialMarketsandSystemsisdesignedtofamiliarisestudentswiththecomponentsofthefinancialsystemaswellastointroducethemtothethreebasicideasunderpinningfinance:

thetimevalueofmoney,diversificationandarbitrage.

Theaimofthecourseistoprovidestudentswithintroductoryexposuretofinancialtransactionsandmarketsincludingmoneymarkets,stockmarkets,derivativemarketsandcontracts.ItprovidesstudentswithasolidfoundationthatissubsequentlybuiltuponinunitsincludingAppliedInvestment（FINM7008）,AppliedFinancialInstrumentsandRiskManagement（FINM7041）.

GraduateStudiesSelectClassification

Transitional

Contacts

Role

Officeaddress

Email

Telephone

ConsultationTimes

CourseConvenorandLecturer（CourseAuthority）

ElizabethZhu

Room3.02

Building26C

yushu.zhu@anu.edu.au

61257286

TBA

Tutor/s

TBA

SchoolStudentAdministrators

TracySkinner

Room4.48

Building26C

tracy.skinner@anu.edu.au

61250487

NA

Communication

Email

Ifnecessary,thelecturersandtutorsforthiscoursewillcontactstudentsontheirofficialANUstudentemailaddress.InformationaboutyourenrolmentandfeesfromtheRegistrarandStudentServices'officewillalsobesenttothisemailaddress.

Announcements

StudentsareexpectedtochecktheWattlesiteforannouncementsaboutthiscourse,e.g.changestotimetablesornotificationsofcancellations.Notificationsofemergencycancellationsoflecturesortutorialswillbepostedonthedooroftherelevantroom.

CourseURLs

Moreinformationaboutthiscoursemaybefoundon:

∙Study@ANU,

∙theCollegeofBusinessandEconomicswebsite,and

∙Wattle,theUniversity'sonlinelearningenvironment.LogontoWattleusingyourstudentnumberandyourISISpassword.

CourseInformation

LearningOutcomes

Uponsuccessfulcompletionoftherequirementsforthiscourse,studentswillbeableto:

∙Understandingfinancialtransactions,institutionsandmarkets（includingmoneymarkets,stockmarkets,derivativemarketsandcontracts）

∙UnderstandtheTimeValueofMoneyconcept

∙Understandtherelationshipbetweenriskandreturn

∙UnderstandArbitrageanditsapplication

Workload

Studentstakingthiscourseareexpectedtocommitatleast10hoursaweektocompletingthework.

Thiswillinclude:

∙2hoursaweek:

lecture

∙1hoursaweek:

tutorial;and,

∙7hoursaweek:

reviewinglectures,preparingtutorialquestions,in-tutorialdiscussionsandattemptingpracticequestions.

CourseDelivery

Twohourslectureandonehourtutorialperweek（insuggestedweeks）.

TutorialRegistration

EnrolmentintutorialswillbecompletedonlineusingtheElectronicTeachingAssistant（ETA）.Toenrol,followtheseinstructions:

1.Gotohttp:

//eta.fec.anu.edu.au.

2.YouwillseetheStudentLoginpage.Tologintothesystem,enteryourUniversityID（yourstudentnumber）andpassword（yourISISpassword）intheappropriatefieldsandhittheLoginbutton.

3.Readanynewsitemsorannouncements.

4.Select"SignUp!

"fromtheleft-handnavigationbar.

5.Selectyourcoursesfromthelist.Toselectmultiplecourses,holddownthecontrolkey.OnPCs,thisistheCtrlkey;onMacs,itisthe

key.Holdthiskeydownwhileselectingcourseswiththemouse.Oncecoursesareselected,hittheSUBMITbutton.

6.Aconfirmationofclassenrolmentswillbedisplayed.Inaddition,anemailconfirmationofclassenrolmentswillbesenttoyourstudentaccount.

7.Forsecuritypurposes,pleaseensurethatyouclicktheLOGOUTlinkontheconfirmationpage,orclosethebrowserwindowwhenyouhavefinishedyourselections.

8.Ifyouexperienceanydifficulties,pleasecontacttheSchoolOffice（seepage1forcontactdetails）.

StudySchedule

Weekbeginning

Theme/Topic/Module

Activity

Requiredstudentpreparation

Deadlines

23Feb

CourseOverview:

AnIntroductiontoFinancialMarketsandSystems

Lecture

LectureNotes1;

CFACodeofEthicsandStandardsofProfessionalConduct:

I.Professionalism;VII.ResponsibilitiesasCFAInstituteMemberorCFACandidate.

2March

4March

TheTimeValueofMoney:

AnIntroductiontoFinancialMathematics

Lecture/Tutorial

LectureNotes2

Tutorial1Questions;

In-tutorialDiscussion1

9March

11March

TheTimeValueofMoney:

ValuingShares

Lecture/Tutorial

LectureNotes3

Tutorial2Questions;

Quiz1

16March

18March

TheTimeValueofMoney:

ValuingDebtInstruments

Lecture/Tutorial

LectureNotes4

Tutorial3Questions;

Quiz2;In-tutorialDiscussion2

23March

25March

TheTimeValueofMoney:

MakingInvestmentDecisions

Lecture/Tutorial

LectureNotes5

Tutorial4Questions;

Quiz3

30March

1April

Diversification–DefiningRiskandUnderstandingitsRelationshipwithReturn

Lecture/Tutorial

LectureNotes6

Tutorial5Questions

6April

8April

Diversification–PortfolioTheory

Lecture/Tutorial

LectureNotes7

Tutorial6Questions

TBA

Mid-semesterExam

NoLectureorTutorial

4May

6May

Diversification–TheCapitalAssetPricingModel（CAPM）andtheRequiredRateofReturnforRisk

Lecture/Tutorial

LectureNotes8

Tutorial7Questions

11May

13May

Arbitrage:

ForwardsandFuturesContracts

Lecture/Tutorial

LectureNotes9

Tutorial8Questions;

In-tutorialDiscussion3

18May

20May

Arbitrage:

OptionsContracts

Lecture/Tutorial

LectureNotes10

Tutorial9Questions;

Quiz4

25May

27May

Arbitrage:

Forwards,FuturesandOptionsContractsasToolsforRiskManagement

Lecture/Tutorial

LectureNotes11

Tutorial10Questions;

Quiz5

01Jun

03Jun

CourseReview

Lecture/Tutorial

LectureNotes12

Tutorial11Questions;

Assessment

ProposedAssessmentSchedule

Detailsaboutassessmentmaychangeduringthefirsttwoweeksofsemester.Pleaseensurethatyoucheckwithyourlecturerortutoraboutanychanges.ChangestotheassessmentschedulewillbepostedtotheWattlesite.

Assessmentitem

Descriptionanddetailofassignment

Specificrequirements

DueDate

Weighting（%）

Quizzes

5Quizzeswillbeasdetailedinthelecturescheduleandallquizzescounttowardsstudent’sfinalgrade.QuizzesareallheldONLINE;andlatesubmissionisnotallowed.

Studentsshouldpreparetheirtutorialquestionspriortothetutorial.Eachonlinequizhasspecificduetime;andstudentsshouldattemptquizindependently.

SeeStudyscheduleandannouncementsontheWattlecoursesiteforopenandclosetimesofquizzes.

10%

Mid-semesterExamination

Closedbookexamwithnoformulasheet.Studentsarerequiredtoreviseandmemorisesappropriateformulae.Amixtureoftheoryandpracticequestionswillbeasked.Moredetailswillbeprovidedastheexamapproaches.

Studentswillneedtoreviewandreviseallmaterialpertainingtothecourse.

TBA

40%

FinalExamination

Closedbookexamwithnoformulasheet.Studentsarerequiredtoreviseandmemorisesappropriateformulae.Amixtureoftheoryandpracticequestionswillbeasked.Moredetailswillbeprovidedastheexamapproaches.

Studentswillneedtoreviewandreviseallmaterialpertainingtothecourse.

TBA

50%

LearningOutcomes-Assessment

Howwellhaveyouachievedthelearningoutcomesforthiscourse?

Yourlecturermakesthisjudgementbasedonyourassignmentsandexaminationpapers.Thistableillustrateshoweachassessmentitemprovidesevidenceaboutyourachievementsagainsteachlearningoutcome.

CourseLearningOutcomes

Uponsuccessfulcompletionoftherequirementsforthiscourse,studentswillbeableto:

Quizzes

In-tutorialDiscussions

Examinations

Understandingfinancialtransactions,institutionsandmarkets.

Understandingofthethreebasicfinanceideasandapplythemtopricefinancialinstruments,suchasshares,bonds,andderivativecontracts.

Understandingofthethreebasicfinanceideasandrelatetheknowledgetopractice.

Understandingfinancialtransactions,institutionsandmarkets.Thethreebasicideasunderpinningfinance:

thetimevalueofmoney,diversificationandarbitrage.

AssignmentDetails

OnlineQuizzes

DueDate

5quizzesheldwithintutorialsoverthesemester.

ValueorWeighting（%）

2%foreachquiz

Marks

Atotalof10%

SuggestedLength

20minutesindurationforeachquiz

Instructions

1.Studentsarerequiredtoprepareworkedsolutionstotutorialquestions,bringthesesolutionstotutorials.

2.Thecontentforthequizzeswillbelimitedtotherequiredmaterialforthetutorialinwhichitislisted.

3.Students’all5quizzesmarkswillcounttowards10%oftheiroverallcoursegrade.

Purpose

Helpstudentsunderstandthreebasicideasunderpinningfinanceandprovidefeedbackforinstructorandstudentontheirprogressforthecourse.

MarkingCriteria

Modelsolutionpreparedbylecturerwhichwillbemadeavailabletostudentsafterthequizisheld.

Submission/PresentationDetails

N/A

In-tutorialDiscussions

DueDate

3In-tutorialdiscussions