AFC1000 - Principles of accounting and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr John Gerrand
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Topics covered include the accounting equation, general purpose financial reports, cash and accrual accounting, adjustments, financial statement analysis, interpreting information for managers to use in planning, decision making and control, financial mathematics, capital budgeting and investments.
Objectives
The learning goals associated with this unit are to:
- describe the elements of financial reports, apply double entry recording and prepare basic financial reports
- analyse and interpret financial reports and explain their use for decision making
- interpret information (financial and non-financial) for managers to use in planning, decision making and control
- use net present value to make capital budgeting and investment decisions
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1-hour lectures and one 1.5-hour tutorial
Prohibitions
AFC1030 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit will provide a conceptual framework for accounting; the definition and recognition criteria for assets, liabilities, equity, income and expenses (including leases, inventory valuation, non-current assets, depreciation and impairment); the form and content of financial reports for partnerships and companies; and evaluate alternative measurement systems (historical cost, modified historical cost and fair value accounting).
Objectives
The learning goals associated with this unit are to:
- apply the double-entry recording process to a range of transactions and balance-day
- describe the definitions and recognition criteria for assets, liabilities, equity, income and expenses
- evaluate and compare alternative measurement systems
- apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with financial accounting.
Assessment
Within semester assessment: 35%
Examination (3 hours): 65%
Contact hours
Two 1-hour lectures and one 1.5-hour tutorial
Prerequisites
One of AFC1000, AFC1021 or AFC1022
Prohibitions
AFC2000 - Financial institutions and markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Andrew Sanford
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
The unit provides a broad overview of the functioning of a developed financial system. Coverage includes retail and wholesale payments systems; the roles of deposit-taking institutions; insurance corporations and funds management within the financial system; and their sources and application of funds. The role and function of the main financial markets including the money market, bond market, share market, foreign exchange market and derivatives market. The role and responsibilities of the central bank and prudential supervisor.
Objectives
The learning goals associated with this unit are to:
- describe the institutions, instruments and markets that comprise a developed financial system
- apply the concepts and techniques used by financial professionals in the debt, equity, foreign exchange and derivative markets
- define the specialist terms and language of finance
- apply the knowledge of financial mathematics to the pricing and valuation of equity, debt and derivative instruments
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory finance.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial
Prohibitions
AFC2050 - Industry-based learning component 1
8 points, SCA Band 3, 0.1666667 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
Over the 12 week period of full-time employment, students will be required to complete one or more specified projects. The projects will be determined by the course co-ordinator in consultation with the sponsor and the student undergoing the industry-based learning.
Objectives
The learning goals associated with this unit are to:
- work effectively and efficiently, both as an individual and as a team member, in a business
- apply critical thinking, problem solving and presentation skills through a project report.
Assessment
Within semester assessment: 100%
Contact hours
12 weeks full-time employment
Prerequisites
Enrolment in Bachelor of Accounting and completion of first year
Co-requisites
Must be enrolled in Bachelor of Accounting
AFC2051 - Industry-based learning component 2
8 points, SCA Band 3, 0.1666667 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
Over the 14 weeks period of full-time employment students will be required to complete one or more specified projects. The projects will be determined by the course co-ordinator in consultation with the sponsor and the student undergoing the industry-based learning.
Objectives
The learning goals associated with this unit are to:
- work effectively and efficiently, both as an individual and as a team member, in a business
- apply critical thinking, problem solving and presentation skills through a project report.
Assessment
Within semester assessment: 100%
Contact hours
14 weeks full-time employment
Prerequisites
Enrolment in Bachelor of Accounting and completion of first semester, second year
Co-requisites
Must be enrolled in Bachelor of Accounting
AFC2120 - Financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Topics include financial reporting requirements and the reporting entity; accounting for interests in joint ventures; accounting for extractive industries; the nature of company groups; the preparation of consolidated financial reports; foreign currency translation; equity accounting; related party transactions; and segment reporting.
Objectives
The learning goals associated with this unit are to:
- prepare group financial reports
- demonstrate accounting knowledge in areas such as equity accounting, foreign currency translation, related party transactions, joint arrangements and segment reporting
- apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with financial reporting.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Three hours per week
Prerequisites
Prohibitions
AFC2131 - Cost information for decision making
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This is the introductory management accounting unit that focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision making. The topics include the following: costs and cost behaviour, product costing (including activity-based costing), cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.
Objectives
The learning goals associated with this unit are to:
- describe cost behaviour under different assumptions
- compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
- apply conventional and contemporary cost management techniques used in manufacturing and service industries
- explain the benefits and limitations of contemporary cost management techniques
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Prerequisites
Prohibitions
AFC2140 - Corporate finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
The impact of financing and investment decisions on business enterprises, with particular focus on public companies. Topics include the goals of the firm and investors, investment evaluation models, valuation of equity and debt instruments, fixed interest securities, sources and types of available finance, issues in risk and return, portfolio theory, asset pricing models, issues in capital structure and dividend policy, and the efficiency of capital markets.
Objectives
The learning goals associated with this unit are to:
- evaluate investment options and value equity and debt instruments
- explain portfolio theory and show how the theory can be extended to price risky assets
- estimate the appropriate cost of capital for investment appraisal purposes
- analyse issues determining capital structure and dividend policy
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate finance.
Assessment
Within semester assessment: 25%
Examination (3 hours): 75%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prohibitions
AFC2240 - Equities and investment analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Topics include the Australian managed funds industry, fund managers, their products and prices, investor behaviour in theory and in practice, portfolio theory and practice, characteristics and comparative performance of major asset classes with major emphasis on shares, economic weighting determinants, impact of other markets, asset allocation and stock selection, risk management for portfolios and securities, survey of 'styles' of prominent Australian fund managers.
Objectives
The learning goals associated with this unit are to:
- analyse and select investments from various asset classes with particular emphasis on equities
- examine the nature of different asset classes, the ways in which professional managers incorporate and manage asset classes into balanced or specialist funds
- describe skills and techniques used by professionals who are involved in investments, funds management, financial planning, superannuation, and wealth creation
- understand the importance of professional investment in wealth creation
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with equities and investment analysis.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
One of AFC2000, AFC2140, AFC1110 (pre 2009) and AFC2100 (pre 2009)
AFC2340 - Debt markets and fixed income securities
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
Topics covered in this unit include: an introduction to mathematics of finance, rates of interest, rates of discount, present and accumulated value of cash flows under fixed and variable rates of interest, equation of value, applications to debt and retirement income stream markets, in particular the Australian annuity, short-term money market and capital markets; factors affecting accumulation under the Superannuation Guarantee Scheme; economic factors affecting the yield curve, zero coupon bonds, zero coupon bond yield curve, pricing bonds, bond yields, callable bonds, effect of tax on yield, annuity bonds, hybrids, CGB futures and options on futures, interest rate risk management by immunisation, stochastic models for cash flows and stochastic rates of interest, calculation of moments of present values and accumulations, arbitrage-free asset pricing, hedging, optimal conversion of lump sum to a retirement income stream.
Objectives
The learning goals associated with this unit are to:
- describe conventions used in short term money and capital markets, and explain the implications for pricing of products in these markets
- apply quantitative skills required for pricing and risk management associated with money, capital and retirement income stream markets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with debt markets and fixed income securities.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
Three hours per week
Prerequisites
AFC2000, AFC1100 (pre 2009) or AFC2100 (pre 2009)
AFC2851 - Accounting information systems and financial modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
The objective of this unit is two-fold. First, the unit provides students with a broad introduction to accounting information systems and the role technology plays in accounting. The focus will be on an introduction to: enterprise systems; database
management; documentation methods; internal controls; and the core business processes found in organisations. Second, the unit focuses on corporate modelling theory; models as decision support tools; types and uses of models; benefits and limitations of models; effective spreadsheet design; auditing spreadsheet models and development of various models using an industry standard spreadsheet.
Objectives
The learning goals associated with this unit are to:
- examine the role of accounting information systems in analysing and providing decision support to managers
- explain the design of accounting information systems and financial models
- develop financial models to assist in decision making
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting information systems.
Assessment
Within semester assessment: 30%
Examination (3 hours) 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial
Prerequisites
Students must have passed one of the following units: AFC1000, AFC1021 or AFC1022
Prohibitions
AFC3051 - Industry-based learning component 3
8 points, SCA Band 3, 0.1666667 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Summer semester A 2009 (Day)
Synopsis
Over the 12 weeks period of full-time employment students will be required to complete one or more specified projects. The projects will be determined by the course co-ordinator in consultation with the sponsor and the student undergoing the industry-based learning.
Objectives
The learning goals associated with this unit are to:
- work effectively and efficiently, both as an individual and as a team member, in a business
- apply critical thinking, problem solving and presentation skills through a project report.
Assessment
Within semester assessment: 100%
Contact hours
12 weeks full-time employment
Co-requisites
Must be enrolled in Bachelor of Accounting
AFC3120 - Advanced financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Topics include accounting standard-setting arrangements; the conceptual framework for financial reporting; the form and content of financial statements; income tax allocation; intangibles; off-balance sheet financing including leasing; superannuation plans; insurance; employee benefits; financial instruments and emerging issues in financial reporting.
Objectives
The learning goals associated with this unit are to:
- explain the institutional framework for the regulation of financial reporting in Australia
- apply accounting standards and the framework in the preparation and presentation of financial statements
- demonstrate advanced accounting knowledge in areas such as income tax, leasing, intangibles and financial instruments
- demonstrate an understanding of theories that explain accounting policy choice and usefulness of accounting information
- apply critical thinking and problem solving skills to individual and /or group activities dealing with advanced financial accounting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
Prohibitions
AFC3131 - Performance measurement and control
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
The unit aims to provide an in-depth understanding of how performance management systems can be designed to support the strategy of an organisation. It also covers the provision and use of management accounting information for strategy implementation, management planning, and control in organisations. Issues related to the design, implementation and use of contemporary performance management systems and techniques are covered, as are behavioural aspects of management accounting systems.
Objectives
The learning goals associated with this unit are to:
- apply standard costing, budgeting and other selected management accounting techniques that enable managers to measure and control performance
- analyse management accounting information in a wide range of decision contexts in both service and manufacturing industries
- explain the behavioural implications of performance measurement systems
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Prerequisites
Prohibitions
AFC3140 - Advanced corporate finance
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit extends studies in financial economics introduced in AFC2140. Topics include risk management, asset pricing, leasing, real options, capital structure, mergers, acquisitions and takeovers, corporate management and equity financing.
Objectives
The learning goals associated with this unit are to:
- evaluate investment and financing decisions;
- apply analytical techniques to a variety of problems in domestic corporate financial management
- describe the institutional environment in which financial decisions are made including identifying the sources of financial risk and their relevance in financial management
- critically evaluate finance theories, concepts, assumptions, limitations and arguments
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced corporate finance.
Assessment
Within semester assessment: 25%
Examination (3 hours): 75%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
AFC3141 - Strategic management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
The provision and use of management accounting information for strategy implementation, management planning, and control in organisations. The unit aims to provide an in-depth understanding of how performance management systems can be designed to support the strategy of an organisation. Issues related to the design, implementation and use of contemporary performance management systems and techniques are covered, as are behavioural aspects of management accounting systems.
Objectives
The learning goals associated with this unit are to:
- explain how management accounting systems can be designed to support corporate, business and operational strategies
- critically evaluate strategic management accounting concepts, techniques, assumptions and arguments
- apply management accounting techniques to strategic business decisions
- describe the behavioural implications of performance measurement systems
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with strategic management accounting.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
AFC2130 or AFC2131
Prohibitions
AFC3130, AFF3511
AFC3160 - Auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
Topics include an overview of the audit function and assurance framework, and of different types of audit and assurance service; duties of the external auditor; the auditor's liability to third parties; detection and reporting of fraud; the audit process and techniques including planning, business risk assessment, tests of controls, substantive testing, reviewing internal control, gathering audit evidence, using analytical procedures, and audit sampling; the audit of computer information systems; audit reporting; internal auditing; performance auditing; and emerging issues.
Objectives
The learning goals associated with this unit are to:
- explain the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
- explain the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
- describe the assurance framework, planning process and evidence gathering procedures used by auditors to form an audit opinion
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and assurance.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFC3170 - Management of financial intermediaries
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
Major issues involved in the financial management of banks and other deposit-taking financial institutions. Topics include the role and activities of depository financial institutions, performance measurement and evaluation; asset/liability management for liquidity risk, credit risk, interest rate risk; and regulation of depository institutions.
Objectives
The learning goals associated with this unit are to:
- distinguish the various sources of commercial and retail debt financing, and analyse how the current Australian banking system provides access to such funds
- identify, in the financial statements of financial institutions, the indicators of financial institutions' performance
- describe the regulatory constraints under which Australian authorised deposit-taking institutions operate
- describe appropriate procedures for appraising the credit risks inherent in bank loans, and for measuring and managing other key risks in banking such as interest rate risk
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with the management of financial intermediaries.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
Prohibitions
AFC3220 - Comparative international financial reporting
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
An understanding of the dynamic nature of financial reporting frameworks in different countries with an emphasis on the Asia-Pacific region and the influence of the International Accounting Standards Board. Major topics are: the influence of cultural and social values on reporting; comparison of the financial reporting systems and practices in such harmonisation and the IASB's role; and audit implications of international financial reporting.
Objectives
The learning goals associated with this unit are to:
- critically evaluate theories relating to the comparative study of financial reporting practices in diverse countries
- compare and contrast the main international financial reporting systems and practices, and critically evaluate the need for harmonisation
- identify and explain the major contemporary international financial reporting issues and analyse their implications for comparative national reporting practices; harmonisation initiatives, and the activities of the International Accounting Standards Board
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with comparative international financial reporting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Thirteen 2-hour lectures and twelve 1-hour tutorials
Prerequisites
Prohibitions
AFC3230 - Financial analysis and valuation
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
Topics covered include analysis of published financial statements, application and use of financial ratios and forecasting techniques; cash flow-based share valuation, including discounted cash flow and free cash flow approaches to valuation; accounting-based share valuation including earnings multiples, residual income valuation models and economic value added; credit analysis and financial distress prediction, equity security analysis and mergers and takeovers, based on Australian and international case studies.
Objectives
The learning goals associated with this unit are to:
- access and extract financial information from published financial reports and databases
- calculate and interpret relevant financial ratios concerned with the profitability, financial structure and solvency of listed public companies
- apply and critically assess approaches to valuation including discounted cash flow and residual income methods
- apply valuation methods to contexts such as security valuation, mergers and acquisitions and credit analysis
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial analysis and valuation.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
AFC3240 - International finance
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
Topics include the international financial system, institutions and market practices; international finance theorems and their application; Euromarkets; international debt and equity raising; measurement of foreign exchange risk; managing foreign exchange exposure; foreign currency futures, options and swaps, international portfolio investment and capital budgeting and international trade finance.
Objectives
The learning goals associated with this unit are to:
- describe the nature and benefits of globalisation and international markets integration
- critically evaluate fundamental theories which underpin international finance;
- identify the implications of these theories when firms are engaged in international operations
- analyse the role and functioning of international financial markets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international finance.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
Prohibitions
AFC3340 - Options, financial futures and other derivatives
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
Topics include institutional aspects of how financial derivatives markets operate, use of and factors affecting the price of options in equity, currency and interest rate markets, the pricing of and uses of futures, forward contracts and swaps, new financial derivative instruments in Australia.
Objectives
The learning goals associated with this unit are to:
- describe the characteristics of options, futures, and other derivatives
- identify factors that affect option prices
- apply option pricing models
- explain the operation of futures markets and the link between spot and futures prices
- analyse swaps, FRAs, caps, floors and collars in terms of their basic components for pricing purposes
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with derivative instruments.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
Prohibitions
AFC3440 - Pension and financial planning
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
Topics covered include superannuation economics and demographics, industry structure and regulation, products available from fund managers, life offices and superannuation trusts, actuarial mathematics, the mortality table, factors affecting selection, endowments, assurances, single, joint and longest life annuities, application to comparative evaluation of commercial retirement products, financial planners and the financial planning function, accreditation, responsibilities and duties, determination of client objectives and risk profiles, and strategies for superannuation and social security.
Objectives
The learning goals associated with this unit are to:
- describe financial planning activities, and legal compliance requirements for financial planners
- demonstrate specialist skills required for interaction with financial planning clients
- demonstrate generic knowledge of the Australian and global investment environments, together with specialist knowledge in the areas of superannuation, financial planning, securities and managed investments
- prepare financial plans for clients with different financial objectives
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with pension and financial planning.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFC3540 - Modelling in finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
Topics include the development and application of financial spreadsheets, Excel and Visual Basic programming in financial modelling, modelling company financial statements, fixed income securities analysis, asset allocation and portfolio analysis, optimization using Solver, technical analysis of financial markets, Interest rate models, option pricing models, numerical methods and risk management models.
Objectives
The learning goals associated with this unit are to:
- apply knowledge and skills in the use of Excel and Visual Basic
- develop skills in the design and implementation of efficient and robust financial models such as option pricing, portfolio and interest rate models
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced modelling in finance.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
Three hours per week
Prerequisites
AFF1000 - Principles of accounting and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Peter Carey
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Topics covered include the accounting equation, general purpose financial reports, cash and accrual accounting, adjustments, financial statement analysis, interpreting information for managers to use in planning, decision making and control, financial mathematics, capital budgeting and investments.
Objectives
The learning goals associated with this unit are to:
- describe the elements of financial reports, apply double entry recording and prepare basic financial reports
- analyse and interpret financial reports and explain their use for decision making
- interpret information (financial and non-financial) for managers to use in planning, decision making and control
- use net present value to make capital budgeting and investment decisions
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prohibitions
AFF1121 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
This unit is concerned with developing a conceptual and practical accounting framework for financial reporting through the process of collecting, analysing, classifying, measuring, recording, presenting and interpreting financial information and developing financial reports for service and trading entities from both a manual and a computer-based system.
Objectives
The learning goals associated with this unit are to:
- explain and discuss generally accepted accounting principles (GAAP), the accounting conceptual framework, and selected accounting standards
- prepare financial statements for sole traders, partnerships and corporate entities using traditional manual accounting procedures
- prepare computerised financial reports
- explain and evaluate internal controls that help to ensure the integrity of accounting systems
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
AFF1000 or AFF1110
Prohibitions
AFF1300 - Money and capital markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
On completion of this unit students should demonstrate an understanding of a financial system, its operation and component parts; yield curve analysis, the term structure of interest rates, and exchange rate interaction; sources and types of business finance, short, medium and long term, domestic and overseas, and associate pricing formulae; the structure and operation of Australian financial institutions and markets; the major types of risk and the derivative products available to manage financial risk; the structure, functions and role of prudential supervision in the financial markets.
Objectives
The learning goals associated with this unit are to:
- describe the structure and operation of financial institutions and markets in Australia;
- evaluate short and medium to longer term financial instruments
- explain government monetary policy and the term structure of interest rates
- describe the derivative products available to manage financial risk
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with money and capital markets.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
AFF2391 - Cost information for decision making
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
This is the introductory management accounting unit that focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision making. The topics include the following: costs and cost behaviour, product costing (including activity-based costing), cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.
Objectives
The learning goals associated with this unit are to:
- describe cost behaviour under different assumptions
- compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
- apply conventional and contemporary cost management techniques used in manufacturing and service industries
- explain the benefits and limitations of contemporary cost management techniques
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF2401 - Commercial banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Off-campus)
Caulfield Second semester 2009 (Day)
Synopsis
An overview of commercial banking and an introduction to the concepts and issues involved in the decision-making processes of bank management. Topics include the commercial banking environment; banking risks and capital adequacy; liquidity management; lending principles and policies; investment management.
Objectives
The learning goals associated with this unit are to:
- identify the main risks faced by banks and assess alternative approaches to measurement and management of these risks
- assess different aspects of bank performance
- explain the prudential framework under which Australian banks operate
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with commercial banking and finance.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Co-requisites
Only students in course code 0391 can undertake this unit in DE mode
Prohibitions
AFF2491 - Company reporting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
The current Australian reporting and regulatory framework applicable to reporting entities including an analysis of significant accounting standards, professional reporting requirements and legal and stock exchange requirements. Accounting for corporate groups and issues in financial reporting are also explored.
Objectives
The learning goals associated with this unit are to:
- explain the content of the reports of publicly listed companies, and regulations of the various regulatory bodies
- critically examine current issues and disclosure requirements in financial reporting
- prepare financial reports for single and consolidated entities
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF2631 - Financial management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Time value of money, theory of valuation, capital budgeting, portfolio theory and the capital asset pricing model, dividend policy, capital structure and the efficient market hypothesis.
Objectives
The learning goals associated with this unit are to:
- apply the concept of the time value of money and other project evaluation techniques
- explain and apply portfolio theory and the capital asset pricing model
- measure a firm's cost of capital
- describe dividend policy and its relevance to the value of a firm
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial management.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
3 hours per week
Prerequisites
AFF1000 or AFF1110 (pre 2009)
Prohibitions
AFF2701 - Equity markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
An overview of the role of equity markets. Topics cover types of equity instruments; the role of equity finance and the stockbroker; trading conventions and listing requirements of the ASX; the structure and operation of major overseas stock exchanges; an introduction to market micro structure theory; the enterprise market; other markets of the ASX; current issues related to Australia's equity markets.
Objectives
The learning goals associated with this unit are to:
- explain the importance of the equity market for the economy and for a corporation
- describe the operating structure of different exchanges around the world
- undertake a trading simulation exercise and complete a stock report
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with equity markets.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
AFF2851 - Accounting information systems and financial modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
The objective of this unit is two-fold. First, the unit provides students with a broad introduction to accounting information systems and the role technology plays in accounting. The focus will be on an introduction to: enterprise systems; database management; documentation methods; internal controls; and the core business processes found in organisations. Second, the unit focuses on corporate modelling theory; models as decision support tools; types and uses of models; benefits and limitations of models; effective spreadsheet design; auditing spreadsheet models and development of various models using an industry standard spreadsheet.
Objectives
The learning goals associated with this unit are to:
- examine the role of accounting information systems in analysing and providing decision support to managers
- explain the design of accounting information systems and financial models
- develop financial models to assist in decision making
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting information systems.
Assessment
Within semester assessment: 30% Examination: (3 hours) 70%
Contact hours
3 hours per week
Prerequisites
AFF1000 or AFF1110 (pre 2009)
Prohibitions
AFC2160, AFC2851, AFF2051, AFW2051, AFW2851, BUS1060, BUS3030
AFF2903 - Physical risk treatment
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Evening)
Synopsis
Physical risk includes diverse threats such as accidents, projects not achieving their objectives and sabotage. The unit describes these risks, the large role they play in business and society and how they can be assessed and controlled. The methods of defining systems that are subject to physical risks and identifying the various sequences of events which might lead to undesirable consequences are described. Physical risk treatment is achieved by reducing the frequency of initiating events, developing reliable means of protection and mitigating the consequences. The mathematical methods of determining the frequency of various event sequences and their consequences are introduced.
Objectives
The learning goals associated with this unit are to:
- define physical risk and its treatment
- explain the risk treatment requirements needed by business
- compare and contrast the risk management process with existing approaches to governance, compliance and control
- demonstrate the mathematical methods for determining the frequency of various event sequences and their consequences
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with physical risk treatment.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour practice class/computer class/seminar
Prerequisites
Enrolment in the Bachelor of Business (Risk Management)
Prohibitions
IND2903
AFF3111 - Personal financial planning
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Synopsis
This unit provides an introduction to financial planning. Coverage includes: the legislative and economic environment; the role of financial service advisers; licensing and disclosure; investment strategies, products, and related taxation implications, with particular reference to securities and managed investments; social security; superannuation, pensions and other retirement issues; estate planning; and the financial planning process. This unit meets Australian Securities and Investments Commission registration requirements for Tier 1 in respect of: specific knowledge in financial planning, securities, managed investments and superannuation; generic knowledge; and skills.
Objectives
The learning goals associated with this unit are to:
- describe financial planning activities and legal compliance requirements for financial planners
- demonstrate specialist skills required for interaction with financial planning clients
- demonstrate generic knowledge of the Australian and global investment environments, together with specialist knowledge in the areas of superannuation, financial planning, securities and managed investments
- prepare financial plans for clients with different financial objectives
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with personal financial planning.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3121 - Investments and portfolio management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
On completion of this unit students should be able to demonstrate an understanding of the conceptual foundations of modern portfolio theory, using pricing models and other techniques in the valuation of securities; appreciate the effect of market efficiency on the valuation process; measure portfolio risk and determine performance benchmarks; and be able to take an applied perspective on investment management and analysis.
Objectives
The learning goals associated with this unit are to:
- critically evaluate financial market information to measure risk and return
- describe modern portfolio theory
- apply asset pricing models and valuation techniques to the valuation of assets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investments and portfolio management.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Students must have passed one of the following units: AFF2631, AFW2631 or AFW3044
Prohibitions
AFF3301 - Money market operations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Synopsis
This unit will combine classroom teaching and direct observance experience of the money markets covering background to the money markets, participants, interest rate and exchange rate determination, instruments traded in the money and currency markets, strategies and money and currency market trading operations. The simulated treasury dealing room will be used extensively in this course.
Objectives
The learning goals associated with this unit are to:
- analyse dealing practices and conventions in the foreign exchange and cash markets
- co-ordinate the front office and back office functions of a simulated bank's treasury dealing room
- account and settle transactions completed in the treasury dealing room
- develop, implement, analyse and manage dealing strategies in the treasury dealing room
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with money market operations.
Assessment
Within semester assessment: 100%
Contact hours
4 hours per week
Co-requisites
AFF3331 - International banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Off-campus)
Caulfield Second semester 2009 (Evening)
Synopsis
The international monetary system, the international parity conditions, the foreign exchange market, international financing strategies and techniques, the Euromarkets, and multinational banking.
Objectives
The learning goals associated with this unit are to:
- explain the parity principles and the concept of arbitrage in international financial markets
- explain how currency derivative contracts such as forwards, futures, options and swaps can be used to hedge in the foreign exchange markets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international banking and finance.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3351 - Investment banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Introduction to and defining investment banking; development of investment/merchant banking in Australia and overseas; specialised financial services in project finance, structured finance and infrastructure finance; venture capital; initial public offering activities; financial advisory work including mergers and acquisitions; investment funds management activities; privatisation and corporatisation; future direction of investment banking.
Objectives
The learning goals associated with this unit are to:
- describe the key operations of investment banks
- apply valuation models to companies
- explain regulations related to equity issues, mergers and acquisitions and share buybacks
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investment banking.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
AFF3431 - Performance measurement and control
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
This unit focuses on the provision and use of management accounting information for management planning and control in organisations. Topics include budgeting, standard costing and variance analysis and contemporary approaches to managing costs, time, quality, suppliers, customers, and value.
Objectives
The learning goals associated with this unit are to:
- apply standard costing, budgeting and other selected management accounting techniques that enable managers to measure and control performance
- analyse management accounting information in a wide range of decision contexts in both service and manufacturing industries
- explain the behavioural implications of performance measurement systems
- apply critical thinking and, problem solving skills to individual and /or group activities dealing with performance measurement and control issues.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3491 - Advanced financial accounting theory and practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
The unit is a blend of advanced and controversial practical accounting issues and underlying theories that support prescribed accounting treatments of these issues. Attention is concentrated on the interaction between the accounting profession and relevant segments of the society, including industry, capital markets, government and other user groups.
Objectives
The learning goals associated with this unit are to:
- critically assess standard setting procedures and the theories of regulation
- discuss theories to explain accounting policy choices and the relevance of accounting numbers to capital markets
- explain the definition and recognition criteria for elements of financial reports and issues associated with their application
- examine contemporary financial accounting issues including financial instruments and intangibles
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced financial reporting issues.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3511 - Strategic management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Concepts and techniques of business strategy formulation, and how management accounting information systems act as a corporate control system providing information for strategic decisions.
Objectives
The learning goals associated with this unit are to:
- explain how management accounting systems can be designed to support corporate, business and operational strategies
- critically evaluate strategic management accounting concepts, techniques, assumptions, and arguments
- apply management accounting techniques to strategic business decisions
- describe the behavioural implications of performance measurement systems
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with strategic management accounting issues.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3631 - Auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Nature and objectives of auditing, auditing standards, auditors' responsibilities, professional ethics and auditor independence, audit objectives, planning the audit, analytical review procedures, understanding the internal control structure and assessing control risk and detection risk, preliminary audit strategies and design of substantive tests, auditing in a CIS environment, auditing the transaction cycles and performing substantive procedures, completing the audit and post audit responsibilities, audit reporting, other reports and services.
Objectives
The learning goals associated with this unit are to:
- explain the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
- explain the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
- describe the assurance framework, planning process and evidence gathering procedures used by auditors to form an audit opinion
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and assurance.
Assessment
Within semester assessment: 35%
Examination (3 hours): 65%.
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3651 - Treasury management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Off-campus)
Caulfield Second semester 2009 (Off-campus)
Caulfield Second semester 2009 (Evening)
Synopsis
The role of treasury, coordination and management of the treasury operation, quantitative and qualitative risk analysis, risk management process and hedging techniques, role and mechanics of derivative products, performance measurement and evaluation.
Objectives
The learning goals associated with this unit are to:
- explain the role of treasury operations in an international or a local bank
- describe how risk management processes work
- demonstrate the application of hedging techniques used in banks' treasury operations
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with treasury management.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3751 - Futures and options markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Synopsis
This unit examines the institutional features of futures and options markets, the use of futures, options and other derivatives in arbitraging, trading and hedging, and pricing of these instruments.
Objectives
The learning goals associated with this unit are to:
- discuss the operations of derivative markets
- explain the use of the options and futures markets for hedging and trading purposes
- implement trading strategies and measure positions
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with futures and options markets.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
AFF3791 - Comparative international accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
Causes and effects of international differences in accounting, auditing and taxation rules and practices. The accounting and reporting needs and dilemmas of Australian companies operating overseas as well as of foreign multinationals operating in Australia. Accounting practices of the UK, USA, Europe, Japan and the so called Asian 'tiger' nations. Role of the IASB, the UN and the IOSCO.
Objectives
The learning goals associated with this unit are to:
- critically evaluate theories and relating to the comparative study of financial reporting practices in diverse countries
- compare and contrast the main international financial reporting systems and practices, and critically evaluate the need for harmonisation
- identify and explain the major contemporary international financial reporting issues and analyse their implications for comparative national reporting practices, harmonisation initiatives, and the activities of the International Accounting Standards Board
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with comparative international financial reporting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3841 - Lending decisions
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Off-campus)
Caulfield Second semester 2009 (Evening)
Synopsis
Lending environment; decision making and organisation of lending, lending policies and controls; behavioural aspects of decision making and decision makers; retail, commercial and corporate lending; business expansions; off balance sheet lending; loan management and problem loans.
Objectives
The learning goals associated with this unit are to:
- examine the major types of lending products and match these products to customer needs
- analyse the risk return characteristics and pricing of a loan application
- discuss the behavioural aspects associated with lending decisions
- apply statistical techniques used in decision making at the approval, monitoring and termination stages of lending
- apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with lending decisions.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFF3851 - Advanced accounting information systems and financial modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Synopsis
Topics covered include contemporary issues in, and the technologies of, integrated information systems for business enterprises; accounting processes and process oriented business information systems; databases for accounting information systems including database theory, design and development where students will develop and implement a practical accounting database design; design and development of sophisticated financial management models using business analytics and the advanced features of a modern spreadsheet package.
Objectives
The learning goals associated with this unit are to:
- explain the relationship between accounting information systems and processes and enterprise systems
- apply database management concepts in the context of accounting systems
- use database and spreadsheet modelling software to produce, store and analyse information for business decision making
- analyse, communicate, and apply the model-building and model-solving concepts of management science in the context of accounting systems
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced accounting information systems.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week
Prerequisites
One of AFC2851, AFF2051, AFF2851, AFW2051 or AFW2851
Prohibitions
AFF3051
AFW1000 - Principles of accounting and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Abdel Halabi
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Sunway Summer semester A 2009 (Day)
Hong Kong First semester 2009 (Off-campus)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
Topics covered include the accounting equation, general purpose financial reports, cash and accrual accounting, adjustments, financial statement analysis, interpreting information for managers to use in planning, decision making and control, financial mathematics, capital budgeting and investments.
Objectives
The learning goals associated with this unit are to:
- describe the elements of financial reports, apply double entry recording and prepare basic financial reports
- analyse and interpret financial reports and explain their use for decision making
- interpret information (financial and non-financial) for managers to use in planning, decision making and control
- use net present value to make capital budgeting and investment decisions
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1-hour lectures and one 1-hour tutorial
Prohibitions
AFW1002 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Sunway Summer semester A 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit will cover various aspects of financial accounting. A deeper understanding of accounting processes to cover adjusting entries and reconstructions will be presented. Issues relating to financial statement elements will be investigated with reference to both historical cost and fair value accounting. Accounting procedures for partnerships and companies will also be considered.
Objectives
The learning goals associated with this unit are to:
- develop accounting skills in recording inventory, balance-day adjustments, cash flows and through reconstruction from incomplete records
- apply the definition and recognition criteria to the elements as discussed in the AASB Framework, within the context of both historical cost and fair value accounting
- account for the contributions of owner's equity and the distribution of profit within partnerships and companies, both in terms of recording and reporting
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting issues.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
AFW1000 or AFW1001(pre 2009)
Prohibitions
AFW1004 - Accounting and finance concepts
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Synopsis
Topics include overview of business environment, accounting reports, capital investment analysis, financial decisions, sources of finance, management of working capital, tools of financial analysis, budgeting and performance measure.
Objectives
The learning goals associated with this unit are to:
- prepare basic financial reports for a small- to medium-size business
- analyse, communicate and present arguments based on accounting information
- critically assess the performance of a business through cost volume profit analysis, budgeting and performance evaluation
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial management.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
Not available to Bachelor of Business and Commerce students.
AFW1300 - Money and capital markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick Second semester 2009 (Day)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula First semester 2009 (Day)
Synopsis
On completion of this unit students should demonstrate an understanding of a financial system, its operation and component parts; yield curve analysis, the term structure of interest rates, and exchange rate interaction; sources and types of business finance, short, medium and long term, domestic and overseas, and associate pricing formulae; the structure and operation of Australian financial institutions and markets; the major types of risk and the derivative products available to manage financial risk; the structure, functions and role of prudential supervision in the financial markets.
Objectives
The learning goals associated with this unit are to:
- describe the structure and operation of financial institutions and markets in Australia
- evaluate short and medium to longer term financial instruments
- explain government monetary policy and the term structure of interest rates
- describe the derivative products available to manage financial risk
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with money and capital markets.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
AFW1310 - Introduction to Islamic banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Sunway Summer semester A 2009 (Day)
Synopsis
Topics covered include: Shariah and rationale for Islamic banking; history of Islamic banking; deposit, financing and other banking facilities; Islamic financial markets; Islamic finance in selected countries; and contemporary issues.
Objectives
The learning goals associated with this unit are to:
- describe the need, structure and operations of Islamic banking and finance
- explain the concept of shariah, its sources and applicability to Islamic banking and finance
- identify the types of Islamic banking facilities
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with Islamic banking and finance.
Assessment
Within semester assessment: 30%+ Examination (3 hours): 70%
Contact hours
3 hours per week
AFW2020 - Cost information for decision making
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
Introduction to management accounting. Topics include: basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, joint and by-product spoilage and waste, apportioning joint costs for multiple products, activity-based costing and information for management decisions.
Objectives
The learning goals associated with this unit are to:
- describe cost behaviour under different assumptions
- compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
- apply conventional and contemporary cost management techniques used in manufacturing and service industries
- explain the benefits and limitations of contemporary cost management techniques
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
Prohibitions
AFW2341 - International financial management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Peninsula Second semester 2009 (Day)
Synopsis
Topics covered include multinational firms and globalisation; foreign direct investment; political risk; foreign exchange markets; currency derivatives (currency options and forward contracts); measuring and managing transaction exposure; cost of capital and capital structure for multinational firms; fundamentals of capital budgeting; international capital and exchange rate effects; international cash management; transfer pricing and international tax strategies.
Objectives
The learning goals associated with this unit are to:
- discuss the international financial environment and the importance of foreign exchange risk management
- discuss important financial management issues and their application to financial management of multinational firms
- discuss foreign exchange market mechanisms and explain how markets can be used to hedge foreign currency transaction exposure
- apply capital budgeting techniques in the context of a multinational firm
- apply critical thinking, problem solving and presentation skills to individual activities dealing with international financial management.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
AFW2401 - Commercial banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Synopsis
An overview of commercial banking and an introduction to the concepts and issues involved in the decision-making processes of bank management. Topics include the commercial banking environment; banking risks and capital adequacy; liquidity management; lending principles and policies; investment management.
Objectives
The learning goals associated with this unit are to:
- identify the main risks faced by banks and assess alternative approaches to measurement and management of these risks
- assess different aspects of bank performance
- explain the prudential framework under which banks operate
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with commercial banking and finance.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Prerequisites
Prohibitions
AFW2491 - Company reporting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Synopsis
The current Australian reporting and regulatory framework applicable to reporting entities including an analysis of significant accounting standards, professional reporting requirements and legal and stock exchange requirements. Accounting for corporate groups and issues in financial reporting are also explored.
Objectives
The learning goals associated with this unit are to:
- explain the content of the reports of publicly listed companies and regulations of the various regulatory bodies
- critically examine current issues and disclosure requirements in financial reporting
- prepare financial reports for single and consolidated entities
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFW2631 - Financial management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Synopsis
Time value of money, Theory of valuation, capital budgeting, portfolio theory and the capital asset pricing model, efficient market theory, cost of capital, capital structure and dividend policy.
Objectives
The learning goals associated with this unit are to:
- apply the concept of the time value of money and other project evaluation techniques
- explain and apply portfolio theory and the capital asset pricing model
- measure a firm's cost of capital
- describe dividend policy and its relevance to the value of a firm
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial management.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Prerequisites
AFW1000 or AFW1001 (pre 2009)
Prohibitions
AFW2700 - Ethics and business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa Second semester 2009 (Day)
Synopsis
An introduction to ethical issues in business, with a specific focus on the accounting profession. The unit addresses four areas of ethics and business: an introduction to ethical theories and applied ethics, including the nature of ethics and ethical decision-making; an overview of business ethics and its relationship with corporate governance and social responsibility; an understanding of how ethics affects businesses, organisations and professions; The Code of Professional Conduct in the accountancy profession.
Objectives
The learning goals associated with this unit are to:
- examine the ethical dimension of individual and social life in the context of cultural diversity
- define and explain selected ethical theories and their relevance to business and professional ethical issues
- apply an ethical and corporate governance perspective to organisational and management issues
- explain the nature of professionalism
- be able to use ethical knowledge and theory to make decisions in relation to case studies
- describe the purpose, structure and contents of selected codes of conduct from business and professions, particularly the accounting profession and
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with ethics in business, as well as in the accounting profession.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prohibitions
AFW2042, AFW3004
AFW2710 - Financial accounting A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa First semester 2009 (Day)
Synopsis
As an intermediate financial accounting unit, this provides an overview of the accounting environment through an examination of selected topics in accounting considering the underlying theory, the regulatory environment, and applying the requirements of selected IFRS, including an introduction to group accounting, and the accounting for income taxes.
Objectives
The learning goals associated with this unit are to:
- describe and understand the requirements of the financial reporting and regulatory environment, including the internationalization of accounting practices and the underlying theory supporting these changes
- discuss the key aspects of the Framework and IAS1 Presentation of Financial Statements and apply its prescriptions
- comment on the theoretical aspects of revenue, provisions, changes in accounting policies, events after balance sheet dates, and apply the requirements of these standards to accounting scenarios
- explain the role of cash flow statements and prepare cash flow statements following the prescriptions of IAS7 Cash Flow statements
- argue and apply the prescriptions contained in the Income Tax standard (IAS 12)
- explain and apply elementary principles of group statements and group accounting and prepare a basic group balance sheet and
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
AFW2720 - Financial accounting B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa Second semester 2009 (Day)
Synopsis
The unit provides a detailed examination of how certain International Accounting Standards are implemented. The relevant standards focus on accounting for corporate assets under different circumstances, as well as on calculating earnings per share and borrowing costs. Students will be exposed to and learn how to prepare accounting records using commercial accounting software in a manner that comply with the standards applicable to this unit.
Objectives
The learning goals associated with this unit are to:
- determine the key concepts that are relevant for selected topics (see list of relevant accounting standards below) in financial accounting, the need for accounting standards, and the areas of debate and difficulty that apply to the standards regulating the accounting of corporate assets
- apply the accounting principles prescribed in international standards to specific problems, at an advanced level, for the accounting of assets in a manual and computerised accounting system in the development of financial statements;
- analyse and evaluate how companies apply the standard in their annual financial reporting
- calculate borrowing cost and earnings per share and make recommendations on how best to present and apply the resulting information
- analyse and describe how companies disclose borrowing cost and earnings per share in their financial statements
- practically make use of a commercial accounting software package to enter and process accounting data according to accounting standards and to analyse and interpret the resulting accounting information and
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting.
Relevant accounting standards in this unit:
- Inventories (IAS 2)
- Property, Plant & Equipment (IAS 16)
- Impairment of assets (IAS 36)
- Intangible assets (IAS 38)
- Investment Property (IAS 40)
- Non-current assets held for sale and discontinued operations (IFRS 5)
- Borrowing costs (IAS 23)
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
Prohibitions
AFW2042, AFW3004
AFW2760 - Auditing A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa First semester 2009 (Day)
Synopsis
An introduction to auditing covering the responsibilities, functions and qualities of the auditor and some of the statutory matters. It covers a review of the audit process from planning to the completion of the audit and includes the going concern concept; fraud and error; audit evidence; engagement and planning; internal controls and substantive procedures; completion of the audit and special audit investigations. The tests of control and substantive tests performed on the following business cycles are also included: revenue and receipts; acquisitions and payments; inventory and production; payroll and personnel; finance and investment.
Objectives
The learning goals associated with this unit are to:
- explain and describe the general principles of auditing, the responsibilities, functions and qualities of the auditor and illustrate knowledge of a proper background to auditing;
- explain and describe the audit process from planning to the completion of the audit, assess audit risk and determine materiality;
- explain and describe all the relevant issues regarding the going concern concept, and subsequent events, quality control, related parties, reliance on other parties and review engagements, and to apply these on various simulated practical situations/in various audits;
- identify, describe and examine internal controls in the context of external auditing, and to plan and apply that knowledge in simulated practical situations and to make recommendations in that regard;
- apply tests of control and substantive testing to the business cycles;
- prepare an appropriate audit report in different circumstances;
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Prerequisites
Prohibitions
AFW2041, AFW3941, AFW3942
AFW2780 - Corporate finance A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa Second semester 2009 (Day)
Synopsis
An introduction to the principles of corporate finance. The unit addresses the following fundamental areas of finance: an introduction to corporate finance and financial management; an introduction to working with financial statements; the principles of time value of money and valuation of future cash flows; interest rates and bond valuations, net present value and investment criteria; an introduction to capital budgeting principles and its relationship with the future cash flow valuation and project analysis and evaluation.
Objectives
The learning goals associated with this unit are to:
- explain the purpose of financial management and corporate finance
- apply analysis techniques to financial information and interpret the results
- explain and apply the principles of time value of money to rank investment projects and value stocks and bonds
- explain and apply, at an introductory level, valuation techniques relating to equity instruments
- explain and apply techniques in capital investment decisions and
- apply critical thinking, problem solving and presentation skills to activities dealing with corporate finance.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%.
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
AFW1000 or AFW1001 (pre 2009)
Prohibitions
AFW3005
AFW2851 - Accounting information systems and financial modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
Synopsis
The objective of this unit is two-fold. First, the unit provides students with a broad introduction to accounting information systems and the role technology plays in accounting. The focus will be on an introduction to: enterprise systems; database management; documentation methods; internal controls; and the core business processes found in organisations. Second, the unit focuses on corporate modelling theory; models as decision support tools; types and uses of models; benefits and limitations of models; effective spreadsheet design; auditing spreadsheet models and development of various models using an industry standard spreadsheet.
Objectives
The learning goals associated with this unit are to:
- examine the role of accounting information systems in analysing and providing decision support to managers
- explain the design of accounting information systems and financial models
- develop financial models to assist in decision making
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting information systems.
Assessment
Within semester assessment: 30% Examination: (3 hours) 70%
Contact hours
3 hours per week
Prerequisites
AFW1000 or AFW1001 (pre 2009)
Prohibitions
AFC2160, AFC2851, AFF2051, AFF2851, AFW2051, BUS1060, BUS3030
AFW3021 - Performance measurement and control
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
Synopsis
Topics include the budget planning process including master budget preparation, budgeting standard costs and variance analysis, responsibility accounting, management by objectives and non-financial performance measurement, divisional performance, transfer pricing issues, program budgeting and other approaches, capital budgeting, strategic planning and control.
Objectives
The learning goals associated with this unit are to:
- apply standard costing, budgeting and other selected management accounting techniques that enable managers to measure and control performance
- analyse management accounting information in a wide range of decision contexts in both service and manufacturing industries
- explain the behavioural implications of performance measurement systems
- evaluate the role of management control systems in strategic decisions such as cost, supplier, customer and quality management
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control issues.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFW3040 - Accounting theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Synopsis
Topics include the nature of theory and scientific method by considering two basic methods of enquiry: induction and deduction; the emergence of general descriptive and prescriptive accounting theories; the application of measurement theories; the regulation of financial accounting and the development of international accounting as they relate to the conceptual framework; and summarising and identifying the assumptions underlying accounting concepts by critiquing the financial statements.
Objectives
The learning goals associated with this unit are to:
- outline the development of accounting concepts and international accounting
- critically review conventional accounting practice
- compare and contrast alternative accounting models
- understand ethical principles and their application of these principles in the field of business
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with accounting theory.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFW3041 - Auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
Synopsis
Overview of auditing, the auditor's legal liabilities, audit process and evidence, the concepts of materiality and risks, study and evaluation of internal control, EDP auditing, audit sampling techniques, the test of transactions cycles and the verification of account balances, auditors reports, and internal and operational auditing.
Objectives
The learning goals associated with this unit are to:
- explain the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
- explain the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
- describe the assurance framework, planning process and evidence gathering procedures used by auditors to form an audit opinion
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and assurance matters.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%,
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFW3042 - Accounting research project
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
This unit involves completing a research project identifying a specific problem relating to accounting, auditing or finance and suggestions or systems to meet the problem. In identifying the research question students will complete an extensive literature review.
Objectives
The learning goals associated with this unit are to:
- develop analytical, communication and project management skills
- discuss various research methodologies appropriate to solving research questions
- explain the purpose and function of accounting research
- critically evaluate underlying theories, concepts, assumptions, limitations and arguments in accounting
- apply critical thinking, problem solving and presentation skills to individual activities dealing with current accounting issues.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week
Prerequisites
Permission required
AFW3046 - Investment and portfolio analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Gippsland Second semester 2009 (Off-campus)
Synopsis
Introduction to portfolio management concepts, risk and diversification, efficient market hypothesis, portfolio theory and market behaviour, asset pricing models, the stock exchange, technical and fundamental analysis, bond pricing options, futures and commodities markets, management of portfolios, international diversification.
Objectives
The learning goals associated with this unit are to:
- critically evaluate financial market information to measure risk and return
- describe modern portfolio theory
- apply asset pricing models and valuation techniques to the valuation of assets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investments and portfolio analysis.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
AFW2631 or AFW3044
Prohibitions
AFW3050 - Financial accounting issues
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
Synopsis
Financial accounting topics covered by this unit include: Australian accounting standards, institutional setting and the conceptual framework; accounting for leases; accounting for employee benefits; accounting for financial instruments; cash flow reporting; segment reporting; accounting for EPS; accounting for extractive industries; accounting for agriculture; financial reporting in the public sector; foreign currency translation; and social and environmental reporting.
Objectives
The learning goals associated with this unit are to:
- acquire advanced knowledge of the conceptual framework and disclosure requirements in accordance with the accounting standards and the statutory laws
- develop an improved understanding of how professional policies are formulated in preparation of accounting for various financial accounting issues with particular reference to current practice
- develop critical skills in written communication and problem analysis through the completion of comprehensive assignment exercise and /or essays
- develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds.
Assessment
Within semester assessment: 40%
Examination(3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFW3121 - Investments and portfolio management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick Second semester 2009 (Day)
Sunway First semester 2009 (Day)
Synopsis
On completion of this subject students should be able to demonstrate an understanding of the conceptual foundations of modern portfolio theory, using pricing models and other techniques in the valuation of securities; appreciate the effect of market efficiency on the valuation process; measure portfolio risk and determine performance benchmarks; and be able to take an applied perspective on investment management and analysis in the Australian environment.
Objectives
The learning goals associated with this unit are to:
- critically evaluate financial market information to measure risk and return
- describe modern portfolio theory
- apply asset pricing models and valuation techniques to the valuation of assets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investments and portfolio management.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
AFW2631 or AFW3044
Prohibitions
AFW3331 - International banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Sunway First semester 2009 (Day)
Synopsis
The international monetary system, debt and country risk, the foreign exchange market, international financing strategies and techniques, the Euro-markets, and multinational banking.
Objectives
The learning goals associated with this unit are to:
- explain the parity principles and the concept of arbitrage in international financial markets
- explain how currency derivative contracts such as forwards, futures, options and swaps can be used to hedge in the foreign exchange markets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international banking and finance.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFW3651 - Treasury management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Sunway Second semester 2009 (Day)
Synopsis
Treasury functions; risk assessment evaluation; strategy formulation and implementation; liquidity and cash management; audit and control.
Objectives
The learning goals associated with this unit are to:
- explain the role of treasury operations in an international or a local bank;
- describe how risk management processes work
- demonstrate the application of hedging techniques used in banks'' treasury operations
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with treasury management.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Prerequisites
Prohibitions
AFW3730 - Financial accounting C
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa First semester 2009 (Day)
Synopsis
Critically analyse and apply selected accounting reporting standards (IFRS) in the accounting of financial information of companies.
Objectives
The learning goals associated with this unit are to:
- critically analyse the objectives of financial statements, the specific information needs of equity investors, the general information needs of other users and describe and assess the meaning of fair presentation
- comment on the need for and assess the application of a conceptual framework and the standards for financial reporting
- discuss the reporting requirements as it relates to the statutory reporting requirements, and the reporting requirements of Generally Accepted Accounting Practice or financial reporting standards
- discuss the underlying assumptions on the basis of which financial statements are prepared
- discuss the qualitative characteristics of financial statements and assess their applicability to fair presentation and measurement issues to enhance the decision-usefulness of financial reporting
- assess the appropriate elements of financial statements and the presentation of the elements in the financial statements
- discuss recognition criteria and assess their application in financial statements
- criticise the measurement criteria, models and their incorporation and disclosure in the financial statements
- criticise the concepts of fair value accounting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Prerequisites
Prohibitions
AFW2042, AFW3004
AFW3740 - Group statements
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa Second semester 2009 (Day)
Synopsis
Familiarise students with the preparation and presentation of group annual financial statements of companies in accordance with the requirements of the Companies Act, 1973, and the financial reporting standards.
Objectives
The learning goals associated with this unit are to:
- discuss the theory and background to group structures and preparing group financial statements
- prepare and assess group financial statements for wholly-owned and partly-owned subsidiaries, taking into account the effects of intercompany transactions, dividends, preferences shares, interim acquisitions and insolvent subsidiaries
- discuss and apply alternative forms of group reporting
- discuss the basic principles of equity accounting and joint ventures
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with group statements.
Assessment
Within semester assessment: 30%
Final Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
AFW3750 - Advanced accounting for management information
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa Second semester 2009 (Day)
Synopsis
Theory and background to managerial decision making in respect of the following different types decision making techniques: cost volume profit analysis, learning curve theory, relevance approach to non-routine profit related decisions, decision making under circumstances of risk and uncertainty, cost planning of network projects, inventory models, standard costing, budgeting techniques, cost estimation and behaviour and linear programming.
Objectives
The learning goals associated with this unit are to:
- explain and discuss the role that management accounting information plays in organisations
- explain and apply advanced quantification techniques to provide information for management decision-making and give advice
- demonstrate proficiency in applying the instruments, techniques and procedures covered to theoretical and practical applications interpret the results and advice accordingly
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with management information.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
AFW3770 - Auditing B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa First semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
The application of South African Companies Act and other legal requirements on the audit profession and the external auditor is dealt with extensively in this unit. The external auditor and corporate governance are also dealt with. One specific area of the audit is dealt with again: audit risk, and this is also considered for the audit of groups of companies. A big part of the semester is spent on computer auditing, the controls and control environment, as well as computer-assisted audit techniques (CAATs).
Objectives
The learning goals associated with this unit are to:
- explain the requirements and sections of the Companies Act and the Auditing Professions Act on the external auditor's professional activities and the audit of companies, and to identify violations of the laws and to make relevant recommendations
- identify and explain the application of the requirements and sections of the Close Corporations Act on the professional accountant
- describe the best practice in corporate governance and how it is applied in the business world, and to assess simulated practical situations and make relevant recommendations
- assess audit risk and apply it on various simulated practical situations/in various audits
- identify and examine computer controls in the context of external auditing, and to plan and apply that knowledge in simulated practical situations and to make recommendations in that regard
- apply CAATs in simulated practical circumstances, mostly in an external audit;
- describe the use of automated audit working papers and
- identify the risks specific to the auditing of groups and describe the audit procedures relevant to the audit of group companies.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Prerequisites
Prohibitions
AFW2041, AFW3941, AFW3942
AFW3790 - Corporate finance B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
South Africa First semester 2009 (Day)
Synopsis
This unit provides a detailed examination of selected topics in corporate finance. These topics include: capital market history, risk and return, cost of capital, raising capital, financial leverage and capital structure, dividend policy, short-term finance and planning, mergers and acquisitions, international corporate finance, leasing and valuations.
Objectives
The learning goals associated with this unit are to:
- explain and apply the key concepts that are relevant for each topic (capital market history, risk and return, cost of capital, raising capital, financial leverage and capital structure, dividend policy, short-term finance and planning, mergers and acquisitions, international corporate finance, leasing and valuations) and interpret results;
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate finance;
- apply complex quantitative techniques to practical examples and case studies in corporate finance and give advice;
- demonstrate an understanding of how these topics relate to contemporary corporate activity.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Prerequisites
Prohibitions
AFW3005
AFW3841 - Lending decisions
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Sunway First semester 2009 (Day)
Synopsis
Lending environment; decision making and organisation of lending, lending policies and controls; behavioural aspects of decision making and decision-makers; retail, commercial and corporate lending; business expansions; off balance sheet lending; loan management and problem loans.
Objectives
The learning goals associated with this unit are to:
- apply appropriate analysis techniques to particular loan facilities
- analyse the risk return characteristics (and pricing) of a loan application
- examine the major types of lending products and gain the ability to match these products to customer needs
- investigate the behavioural aspects of decision making and decision makers
- describe statistical techniques used in decision making at the approval, monitoring and termination stages of lending.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
AFX1230 - Introduction to risk
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
This unit is designed to introduce the concept of risk as a business philosophy and to introduce the students to the Australian Risk Management Standard, AS/NZS 4360:1999.
Objectives
The learning goals associated with this unit are to:
- demonstrate an understanding of the scope, application and definition of risk
- explain the risk treatment requirements needed by business
- compare and contrast the risk management process with existing approaches to governance, compliance and control
- apply the risk approach to effective business control, by reference to AUS/NZ 4360:2004
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with risk.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
AFX3021 - Risk financing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Evening)
Synopsis
This unit is designed to emphasise the different approach to the finance function when risk identification and risk financing are taken as the drivers of value creation.
Objectives
The learning goals associated with this unit are to:
- explain the concept of risk financing
- consider the major sources of endogenous and exogenous risk
- compare risk across industrial sectors and forms of business enterprises
- apply risk financing techniques
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with risk financing.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Prerequisites
AFX2021 or AFX3141
AFX3031 - Risk transfer
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Evening)
Synopsis
This unit is designed to introduce the concept of risk transfer as an outcome of risk management decision-making. It introduces the concept and application of insurance and the principals underlying the insurance purchase. It will look at risk and its treatment, the insurance mechanism and further develop risk as a business philosophy.
Objectives
The learning goals associated with this unit are to:
- demonstrate an understanding of the risk transfer decision-making process and explain the concept of risk within an insurance framework
- explain the principles of risk allocation in non-insurance contracts
- analyse the core concepts underlying the main insurance industry sectors of life, accident, health, property and liability
- discuss and comment on the implications of the growing convergence of the broader financial services industry
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with risk transfer.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Prerequisites
AFX2021 or AFX3141
AFX3141 - Risk identification and mitigation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Evening)
Synopsis
This subject identifies the risks to be managed using a well-structured systematic process. Generic sources of risk will include inter alia: Commercial and legal relationships, economic circumstances, human behaviour, natural events, political circumstances, technology and technical issues, management activities and controls. Both qualitative and quantitative analysis will be carried out. Amongst the options for treating risk are:
- avoidance,
- reduction of the likelihood of the occurrence and/or reduction of the consequence,
- risk transference,
- risk retention.
Objectives
The learning goals associated with this unit are to:
- apply commonly used techniques to identify sources of risk
- distinguish minor and major risks and utilise methods to assist in the evaluation and mitigation of risk
- assess the probability of an event, its associated consequences and risk implications
- identify a range of options for treatment of risk and prepare and implement risk treatment plans
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with risk identification and mitigation.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Caulfield, second semester
Prerequisites
Prohibitions
AFX2021
AFX3355 - Property investment
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit considers characteristics of property investment, valuation of real estate assets, real estate market analysis, the role of equilibrium asset pricing models, real estate and portfolio theory, measurement of risk and return, indices and pricing models, the effect of leverage and taxation, real estate in mixed asset portfolios, listed and unlisted property trusts, property management and development projects.
Objectives
The learning goals associated with this unit are to:
- analyse investments in asset classes with particular emphasis on property
- critically examine the different types of property, characteristics of property markets, the role of professional investors and managers and the nature of investment vehicles employed
- explain property cycles and the role of property in investment portfolios
- evaluate property based on risk of cash flows
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with property investment.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
AFX3551 - International study program in accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield Summer semester A 2009 (On-campus block of classes)
Synopsis
This unit centres on both a conceptual and practical approach to International Accounting Issues with emphasis on international standard setting and compliance as viewed by regulatory and private sector preparers of accounts. Students gain a practical understanding of these issues in an international context through the overseas visitation program which forms an integral part of this unit.
Objectives
The learning goals associated with this unit are to:
- compare and contrast accounting standard setting in various countries and discuss the convergence of accounting standards through an international study program
- develop a practical understanding and appreciation of culture in the development of national accounting regulations
- evaluate academic and professional papers in international accounting
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with international accounting.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
Three 3-hour seminars over two weeks prior to departure; and participation in a series of up to ten seminars of approximately 3-hours conducted over a period of about 3 weeks at international commercial centres
Prerequisites
AFC2120, AFF2491, AFW2491 or permission required.
Prohibitions
AFX3871 - International study program in banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield Summer semester A 2009 (On-campus block of classes)
Synopsis
The unit is designed to provide students with the conceptual foundations of the functions and institutions of the international financial system. To impart an understanding and appreciation of the current issues underlying the international area of finance, and to develop a practical understanding of the markets and financial techniques used by international banks and multinational organisations. To develop a practical understanding and appreciation of cultural differences within the area of international banking and finance through an overseas visitation program.
Objectives
The learning goals associated with this unit are to:
- compare and contrast the structure of banking and financial markets internationally through an international study program
- explain parity theories and their application to foreign exchange markets
- develop a practical understanding and appreciation of culture in the development of national banking and finance activities
- evaluate academic and professional papers in international banking and finance
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with international banking and finance.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
Eight 3-hour seminars over 3 weeks prior to departure; and over a period of approximately 3 weeks participation in a series of up to ten 3-hour seminars conducted at international commercial centres
Prerequisites
AFC2140, AFF2401, AFF2631, AFW2401 or AFW2631
Prohibitions
AFX4000 - Research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Synopsis
Introduction to a broad range of research methodology and testing procedures used in accounting and finance. The primary focus is on the undertaking of research. The unit comprises an analysis of the science of research, an examination of the key elements of research in accounting and finance, data issues, ethical issues, hypothesis development, causal models, the use of parametric and non-parametric statistical tests, survey-based research and general research methodology.
Objectives
The learning goals associated with this unit are to:
- explain the major steps in the development of a research project in accounting or finance
- illustrate the key strengths and weaknesses in accounting and finance research designs and methods
- apply qualitative and quantitive data analysis techniques and interpret the output
- critically evaluate empirical research in accounting and finance
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with research methods.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
Prohibitions
AFC4100
AFX4010 - Research proposal
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Synopsis
Students will prepare a research proposal in an area of accounting and/or finance. Students will, with the assistance of a research mentor, select a research topic and prepare a proposal consisting of a literature review, theory and hypothesis development, an outline of the research methods to be applied and the data requirements
Objectives
The learning goals associated with this unit are to:
- prepare a research proposal in accounting or finance
- write a literature review related to a selected topic in accounting or finance
- develop testable hypotheses
- identify the appropriate method and identify data requirements to test the hypotheses
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research proposal.
Assessment
Within semester assessment: 100%
Contact hours
15 contact hours over 13 weeks
Co-requisites
AFX4000 and students must be enrolled in course 0171 or 0181 to undertake this unit
AFX4012 - Research project
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Caulfield Second semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Students should learn how to conduct a literature review; develop both research questions and hypotheses; formulate a research decision; gather and analyse data using appropriate procedures; write up research; and draw appropriate conclusions.
Objectives
The learning goals associated with this unit are to:
- implement a research proposal
- recognise practical problems of conducting scientific research and propose solutions
- write a comprehensive research paper
- develop the ability to conduct and manage a planned study
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research project.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week
Prerequisites
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4018 - Research dissertation
18 points, SCA Band 3, 0.375 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Caulfield Second semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Students conduct a critical review of the literature relevant to their study; derive appropriate hypotheses for testing; devise an empirical test of the hypotheses showing regard to practical problems of conducting research, ethical considerations, and principles of scientific method; conduct a planned study and manage any problems arising in the date collection; select and conduct an appropriate analysis of the data; and write a report on the project, showing due regard to relevant stylistic conventions.
Objectives
The learning goals associated with this unit are to:
- implement a research proposal
- recognise practical problems of conducting scientific research and propose solutions
- complete a research dissertation
- develop the ability to conduct and manage a planned study
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research dissertation.
Assessment
Within semester assessment: 100%
Contact hours
24 hours per week
Prerequisites
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4030 - Advanced modelling in finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
Topics include consumption-based asset pricing models , two beta ICAPM, intertemporal asset pricing models, modelling for mutual and hedging funds, credit risk models, modelling correlated defaults, term structure of default probability, credit derivatives, credit default swaps, collateralised debt obligations, asset value models.
Objectives
The learning goals associated with this unit are to:
- apply advanced knowledge and skills in the use of Excel and Visual Basic
- develop advanced skills in the design and implementation of efficient and robust financial models such as option pricing, portfolio and interest rate models
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced modelling in finance.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4040 - Issues in accounting information systems
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
The objective of this unit is to provide students with a broad introduction to the contemporary themes in Accounting Information Systems research. The unit covers issues on research and practice in the following areas: frameworks and ontologies in information systems; decision making; process modelling; systems and data; and design and behavioural aspects in accounting information systems. Upon completion of this unit, students are expected to be able to critically evaluate design and behavioural aspects of accounting information systems research and practice. They should also be able to identify major research questions in accounting information systems.
Objectives
The learning goals associated with this unit are to:
- discuss ontologies and paradigms in information systems
- discuss decision making and principles of bounded rationality
- evaluate integrated information systems modelling tools for accounting processes
- critically evaluate empirical research and identify major research questions in accounting and business information systems
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with issues in accounting information systems.
Assessment
Within semester assessment: 60%
Examination (3 hours): 40%
Contact hours
3 hours per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4050 - Issues in auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Synopsis
This unit considers both theoretical and professional issues relevant to the various participants to the audit process. The unit provides students with an overview of the nature of assurance and regulation of the audit profession, the economics of auditing, and the behavioural dimensions of auditing. Topics also include future directions for assurance services, fraud, internal control and corporate governance issues.
Objectives
The learning goals associated with this unit are to:
- discuss research paradigms in auditing and assurance research
- describe the range of methods of decision making in auditing
- critically evaluate empirical research and identify major research questions in auditing and assurance including audit quality, internal control, fraud and corporate governance
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in auditing and assurance.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
One 3-hour session per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4060 - Issues in corporate finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
The objective of this course is to develop critical economic reasoning and understanding of important empirical regularities in corporate finance. This unit builds on introductory corporate finance studies and analyses a variety of issues by introducing a study of recent empirical literature. There is a strong focus on research with a selective and critical examination of theoretical and empirical research in corporate finance. The advanced topics covered include market efficiency and event studies, security offerings, corporate takeovers, and capital structure, dividend policy, corporate governance and financial tunnelling.
Objectives
The learning goals associated with this unit are to:
- acquire knowledge of empirical findings in corporate finance
- develop an ability to conceptualise and analyse issues in corporate finance at a sound level of understanding and be in a position to make a significant contribution in setting firm financial policy
- critically evaluate underlying theories, concepts, assumptions, limitations and arguments in corporate financial theory
- develop analytical skills via understanding the intuition and logic behind recent academic research and the possible extension to the recent research.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Co-requisites
AFX4070 - Issues in financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
Topics are selected from the development of financial accounting theory, contracting theory and accounting policy choice (including debt contracts, political costs, management compensation and efficient contracting), corporate governance, behavioural research, the returns-earnings relation, the explanatory power of earnings, post-earnings announcement drift and other anomalies, information content of cash flows and accruals, earnings quality, market reaction to accounting regulation and value relevance of accounting information.
Objectives
The learning goals associated with this unit are to:
- discuss research paradigms in financial accounting
- discuss the economic consequences of accounting regulation
- distinguish between alternative perspectives of corporate governance and appreciate its interaction with contracting theory and financial accounting
- critically evaluate empirical research and identify major research questions in financial accounting
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in financial accounting.
Assessment
Within semester assessment: 100%
Contact hours
One 3-hour session per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4080 - Issues in banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Caulfield First semester 2009 (Day)
Synopsis
This unit draws on the academic literature to provide a study of a range of topics relating to banking and finance. It presents a basis for students intending to undertake research into banking and related finance questions. Topics covered include theory of financial intermediation, risk management, efficiency assessment, competition modelling and bank regulation.
Objectives
The learning goals associated with this unit are to:
- discuss existing theory in the field of banking and its evolution
- critically assess the usefulness and limitations of this theory in the field of banking
- apply this theory to relevant current policy issues
- critically evaluate empirical research and identify major research questions in banking
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in banking.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4090 - Issues in management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
The major theoretical foundations of the management accounting discipline including the economics (agency), psychology (behavioural, etc.) and organisational (contingency) approaches are introduced. The unit shows how these disciplines have influenced the view of managers. Management accounting is presented as a professional discipline primarily concerned with influencing and facilitating decisions, and several accounting technologies are critically assessed. This unit focuses on technologies which are useful in the short and medium term including budgeting and incentive plans as well as those that take a long-term or strategic viewpoint.
Objectives
The learning goals associated with this unit are to:
- discuss research paradigms and core concepts related to organizational, economic, behavioural and sociological theories as they relate to management accounting research
- critically evaluate recent developments in strategic thinking and implications for management accounting
- critically evaluate empirical research to identify recent developments in management accounting practices from perspectives of both content and processes
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in management accounting.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week
Co-requisites
Students must be enrolled in course 0171 or 0181 to undertake this unit
AFX4110 - Advanced research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
This unit provides students with an advanced applied perspective to a broad range of research methodology and testing procedures used in accounting and finance research. Students who have completed this unit should, at an advanced level, be able to collect qualitative and quantitative data using a variety of research techniques; to apply advanced statistical techniques to the analysis of quantitative data; to design non-probability and probability samples; to deal with advanced issues in cross-sectional, panel and time series data and to conduct research ethically.
Objectives
The learning goals associated with this unit are to:
- explain advanced research methods used in accounting and finance research
- perform advanced statistical and econometrics tests and procedures for data analysis
- identify topical research issues, research designs and advanced methods used in accounting and finance research
- develop critical skills of summarizing, analysing, reporting and presenting quantitative and/or qualitative data and research results
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with advanced research methods.
Assessment
Within semester assessment: 30%
Examination (3 hours) 70%
Contact hours
Two 3-hour lectures per week for 6 weeks
Prerequisites
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4130 - Bank management and risk analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Topics include functions and objectives of banks; the risk return trade off; prudential supervision; asset management; loan pricing; liabilities and equity; off balance sheet banking; asset-liability management; measuring bank performance and managing financial crises for banks.
Objectives
The learning goals associated with this unit are to:
- describe the functions and objectives of financial intermediaries
- outline a framework for analysing the risks facing financial institutions in the context of their functions and objectives
- explain how bank management address these risks in the current banking environment, including dealing with risk return trade offs, prudential supervision, asset management, loan pricing, liabilities and equity, off balance sheet banking, asset-liability management, measuring bank performance and managing financial crises
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with bank management and risk analysis.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4140 - Corporate financial theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
Topics likely to be covered will be selected from theory and evidence on asset pricing models, capital structure, dividend policy, efficient markets, agency theory, takeovers and corporate restructuring, option pricing theory and applications, international finance and investment appraisal.
Objectives
The learning goals associated with this unit are to:
- describe current theories and models in corporate finance
- develop and apply requisite mathematics skills
- critically evaluate empirical research to identify recent developments in corporate finance
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with corporate financial theory.
Assessment
Within semester assessment: 30%
Examination: (3 hours) 70%
Contact hours
Two 1.5-hour sessions per week
Prerequisites
AFC4060
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4150 - Empirical research in analysis of financial statements
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
Topics selected from accounting-based valuation models, financial ratio analysis from a valuation perspective, empirical research based on accounting-based valuation, fundamental analysis research, risk and financial information, empirical research into share returns and financial information, analysts earnings forecasts and analysts investment recommendations and share returns, management earnings forecasts.
Objectives
The learning goals associated with this unit are to:
- describe accounting-based valuation methods and apply these methods to listed companies
- critically evaluate empirical research that utilises accounting-based valuation
- critically evaluate empirical research that investigates the role of analysts as information intermediaries in securities markets
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with the analysis of financial statements.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
Two 1.5-hour sessions per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
AFX4180 - Mathematical finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
Topics covered will be selected from: Markowitz portfolio theory, CAPM, the inter-temporal CAPM, Black-Scholes stock price and its implications, stochastic integration, stylised facts about stock and stock index returns -- results from econometric and econophysics research, risky asset models which reproduce the stylized facts, option pricing under such models, Itos formula, Ito processes, Ito calculus, accumulation under stochastic rates of interest and other applications in finance, extreme value theory in stock and insurance markets.
Objectives
The learning goals associated with this unit are to:
- explain advanced mathematical treatments of theoretical and analytical concepts in asset pricing and financial engineering
- critically analyse recent advances in mathematical and computational finance including wavelet analysis, artificial neural networks and copulas
- explain asset pricing theories and the use of scholastic processes
- critically evaluate empirical research that applies asset pricing theories
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with mathematical finance.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
Two 1.5 hour classes per week
Co-requisites
Students must be enrolled in course 0181 or 0171 to undertake this unit
BEH1001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH1002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH1003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH1004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH2001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH2002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH2003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH2004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH3001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Overseas Full year 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH3002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH3003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH3004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH3005 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH3006 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH4001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH4002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH4003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEH4004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Overseas First semester 2009 (Off-campus Day)
Overseas Second semester 2009 (Off-campus Day)
Synopsis
This unit is used by the Faculty to enrol students undertaking outbound exchange studies at a host institution. Students will not be able to enrol in this unit via WES. The faculty will manage the enrolment of students undertaking an outbound exchange program to ensure fees and credit are processed accurately.
BEW3100 - Work placement program
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Berwick Summer semester A 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Summer semester A 2009 (Day)
Gippsland Summer semester B 2009 (Day)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Sunway Summer semester A 2009 (Day)
Peninsula First semester 2009 (Day)
Peninsula Second semester 2009 (Day)
Peninsula Summer semester A 2009 (Day)
Synopsis
Students will undertake approved projects for an employer, which will contribute to the organisation and facilitate the development of work place skills and application of knowledge to a practical situation.
Objectives
The learning goals associated with this unit are to:
- apply conceptual and theoretical knowledge to practical work situations
- use word processing and other software packages as appropriate to the work situation
- communicate effectively and appropriately with subordinates, peers, and superiors both verbally and in writing
- work effectively as part of a team
- participate in team discussions
- write effective internal reports for management
- Present issues and findings to subordinates, peers and superiors using appropriate software
- undertake applied research projects in the areas of Accounting, Economics, Management, Marketing, or any area of Business.
Assessment
Within semester assessment: 100%
Prerequisites
Enrolment in this unit is not available via WES. Course Director approval is required prior to enrolment and approval will be dependent upon completion of 96 credit points (including appropriate units for the area of work placement) with an overall average of 65% for all units undertaken.
BEW3101 - Business internship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Jennifer O'Reilly
Offered
Berwick Summer semester A 2009 (Day)
Berwick Summer semester B 2009 (Day)
Peninsula Summer semester A 2009 (Day)
Peninsula Summer semester B 2009 (Day)
Synopsis
The objective of the internship is to give students first-hand experience in working in a business setting in a context relevant to their likely graduate employment, and to integrate theory with practice.
Objectives
The learning goals associated with this unit are to:
- apply conceptual and theoretical knowledge to practical work situations
- communicate effectively and appropriately with subordinates, peers and superiors both verbally and in writing
- demonstrate an understanding of the nuances and practicalities of working within an organisation
- present issues and findings to subordinates, peers and superiors using appropriate software
- undertake applied research projects in an area of business and write an effective report for management assessment
- formulate and update a personal career strategic plan.
Assessment
Within semester assessment: 100%
Contact hours
12 hours of structured learning activity pre placement provided by Employment and Career Development
Prerequisites
Enrolment in this unit is not available via WES. Unit leader approval is required prior to enrolment and approval will be dependent upon completion of 96 credit points (including appropriate units for the area of work placement) and locating a suitable internship setting.
Prohibitions
BEW3150 - Industry based learning program
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Robyn Dyt
Offered
Gippsland First semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Synopsis
This unit provides students with an opportunity to undertake work in an organisational environment broadly related to their field of academic study. Students will undertake approved projects for an employer, which will contribute to the overall goals of the organisation. The unit will require students to apply theoretical and conceptual knowledge to practical workplace situations as well as develop self-awareness, personal and professional competencies necessary for a high level of employability.
Assessment
Completion of workplace objectives: 30%
assignment on placement (7000 words): 70%
Contact hours
The project will be conducted in an industry and does not require class contact
Prerequisites
Enrolment in this unit is not available via WES. Course Director approval is required prior to enrolment and approval will be dependent upon completion of 96 credit points (including appropriate units for the area of work placement) with an overall average of 65% for all units undertaken.
BEW3200 - Research project in sports event management
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Vaughan Reimers
Offered
Gippsland Second semester 2009 (Day)
Synopsis
A capstone major project, demonstrating the skills and knowledge acquired by the student during the course. It can be a practical on-the-job study or an in-depth study of a sports event management issue through research. It will involve the submission of a major written report and a class presentation.
Assessment
Within semester assessment: 100%
Contact hours
No formal classes
Prerequisites
Co-requisites
Students must be enrolled in course 3926 to undertake this unit
BEW3300 - Research project, innovation and enterprise
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glen Croy
Offered
Berwick Full year 2009 (Day)
Synopsis
A capstone major project, demonstrating the skills and knowledge acquired by the student during the course. It can be a practical on-the-job study or an in-depth study of a business related issue through research. It will involve the submission of a major written report and a class presentation.
Objectives
The learning goals associated with this unit are to:
- acquire skills in written and oral communication negotiation, teamwork and change management
- develop the capacity for critical thought and analysis, problem solving, inquiry and research, taking into account professional ethics and moral and social responsibility
- develop the capacity for leadership, entrepreneurship, creativity and innovation
- develop the capacity to integrate and synthesise knowledge from different disciplines to achieve innovative solutions to business problems.
Assessment
Within semester assessment: 100%
Prerequisites
Completion of 96 credit points of study
Prohibitions
BEW3640 - Electronic commerce project management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Mr Thomas O'Daniel
Offered
Not offered in 2009
Synopsis
The nature of projects, their management, and their costs and benefits. Applications of systems analysis and design to the process of change. Fundamentals of change management practices. Other issues include the tools of project management (Pert charts, critical path analysis, computation of the float, contingency factors, Gantt charts, and task monitoring); software management; cost benefit analysis including rate of return and risk analysis; implementation of projects; the nature, sociology and psychology of change; change management and radical business process re-engineering.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
MKW1601 and GCO2601
BEW4000 - Research methodology 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Ron Davison
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula First semester 2009 (Day)
Synopsis
On completion of this subject students will be able to formulate a research proposal, develop hypotheses, identify appropriate research methodologies and prepare a research thesis. Topics include: the philosophy of qualitative/interpretive and quantitative research; qualitative/interpretive and quantitative research designs; quasi-experiments and experiments in the field; interview-based research designs; ethnography/participant observation and case study research design; documentation and observation research design; context/textual data analysis; ethical issues in research; research report writing.
Assessment
Within semester assessment: 100%
BEW4010 - Research methodology 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Ron Davison
Offered
Sunway Second semester 2009 (Day)
Synopsis
An in-depth introduction to quantitative research methods. This subject is one of two that together supply the research methodology skills and knowledge necessary for students to complete an independent research project at the honours level. It provides a comprehensive coverage of quantitative research methodologies. Topics include: survey studies/correlational field studies; forms of regression; analysis of variances; discriminant analysis; factor analysis; non-parametric statistics.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Prohibitions
BEW4020 - Directed studies 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula First semester 2009 (Day)
Synopsis
Under the guidance of an academic supervisor, this subject allows a student to independently gain in-depth discipline knowledge in a selected area of business and commerce as a foundation to the completion of an honours project. The student will complete a prescribed list of readings, undertake further independent literature studies, and complete other learning activities and assessments considered appropriate for the selected field of study.
Assessment
Assessment will be through a combination of assignments, examinations, and written reports appropriate to the selected area of study and associated activities.
BEW4030 - Directed studies 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula First semester 2009 (Day)
Synopsis
Under the guidance of an academic supervisor, this subject allows a student to independently gain in-depth discipline knowledge in a selected area of business and commerce as a foundation to the completion of an honours research project. The student will complete a prescribed list of readings, undertake further independent literature studies, and complete other learning activities and assessments considered appropriate for the selected field of study.
Assessment
Assignments, examinations and written reports appropriate to the selected area of study and associated activities
Prerequisites
Students must be enrolled in course 3169 to undertake this unit
BEW4100 - Research project and report
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula Second semester 2009 (Day)
Synopsis
Students work under the guidance of a supervisor to plan, carry out, and report on an original research project that addresses a significant issues in business; this research project is likely to have substantial practical outcomes or implications; as well, it is hoped that students and supervisors will publish the work in an appropriate journal.
Assessment
Within semester assessment: 100%
Prerequisites
BEW4500 - Bachelor of business and commerce honours
SCA Band 3, 0.000 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Berwick Full year 2009 (Day)
Berwick Second semester to First semester 2009 (Day)
Sunway Full year 2009 (Day)
Sunway Second semester to First semester 2009 (Day)
Peninsula Full year 2009 (Day)
Peninsula Second semester to First semester 2009 (Day)
South Africa Full year 2009 (Day)
South Africa Second semester to First semester 2009 (Day)
BTC1110 - Business law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Roger Gamble
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Prato Winter semester 2009 (On-campus block of classes)
Synopsis
An introduction to legal studies and to the legal system of Australia with special emphasis on commercial aspects. The laws of negligence as it affects business and the professional is introduced, and aspects of the law of contract, consumer law, agency, partnership, trusts and an introduction to companies of relevance to commerce.
Objectives
The learning goals associated with this unit are to:
- identify the essential features of the Australian legal and political system and compare and contrast the two principal law-making institutions--the courts and the parliaments--and the laws they make
- describe and analyse some of the legal concepts that underpin commercial activity in Australia and describe the different conceptual bases of legal liability
- describe and analyse key areas of normative commercial law such as contract law, tort law, agency law and business organisations
- conduct basic legal research using basic primary and secondary sources
- critically analyse a hypothetical legal problem and clearly and coherently advise a hypothetical client on the relevant legal issues that are raised in that problem and support the advice by reference to primary sources.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prohibitions
BTC2190 - International trade law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Andrew Field
Offered
Clayton First semester 2009 (Day)
Synopsis
The law affecting Australian enterprises engaged in international business. Topics include international trade conventions; import and export procedures; carriage of goods by sea and air; bills of lading and the Hague-Visby rules; finance of international trade; payment and documentary credits; the use of negotiable instruments in international trade; international commercial arbitration and marine insurance.
Objectives
The learning goals associated with this unit are to:
- examine international trade law scenarios
- identify legal problems and risks which arise in those scenarios in relation to the global trading system, contracts, carriage of goods, payments and dispute resolution
- describe the relevant law which may apply to those problems
- analyse and apply the law to those problems and predict possible legal outcomes.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
BTC1110 or BTC2110 or equivalent
Prohibitions
BTC2210 - Australian company law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Abe Herzberg
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Topics include the Corporations Act 2001 scheme; the role and functions of the Australian Securities and Investments Commission; the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; share and loan capital; regulation of public fund raising; duties of directors; rights of shareholders and minority shareholder protection; forms of corporate insolvency administrations, particularly as they affect creditors, officers and shareholders.
Objectives
The learning goals associated with this unit are to:
- identify the important elements in the internal and external regulation of companies and how they may be used
- analyse hypothetical case studies and formulate a legal argument by the application of statute and case law
- critically evaluate the effectiveness of aspects of corporate law in the context of the changing needs of the community.
Assessment
Within semester assessment: 30%
Examination (3.5 hours -- includes 0.5 hours for reading and note taking): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
BTC1110 or BTC2110 or equivalent
Prohibitions
BTC2720 - Workplace law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Anthony Forsyth
Offered
Clayton Second semester 2009 (Day)
Synopsis
The unit introduces students to contemporary developments in labour law, employment law, discrimination law and occupational health and safety law. It aims to develop knowledge and skills and understanding of the practical application of these areas of the law in Australian workplaces.
Objectives
The learning goals associated with this unit are to:
- describe and analyse a wide range of legal issues affecting the workplace (outlined below)
- apply legal principles to a range of hypothetical scenarios, in order to demonstrate practical understanding of legal issues at the workplace (building on strategic problem solving skills from business law)
- evaluate the strengths and weaknesses of the principles underpinning workplace law
- critically assess the law's role and impact on the employment relationship
- critically evaluate current issues in the media involving legal regulation of the workplace.
Assessment
Within semester assessment: 40%
Examination (3 hours, open-book): 60%
Contact hours
3 hours per week
Prerequisites
BTC3100 - Sustainability and the law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Wayne Gumley
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit examines the evolution of regulatory strategies for environmental protection in response to systemic crises such as climate change and natural resource depletion, from traditional 'command and control' approaches to more recent behavioural and market based strategies, with particular focus upon the increasing recognition of the principles of ecologically sustainable development by courts and legislators.
Objectives
The learning goals associated with this unit are to:
- understand and explain the international law principles of ecologically sustainable development
- understand and explain the extent of integration of those principles into Australian environmental regulation, at both national and state government levels, and their recognition in Australian common law
- identify and analyse emerging trends in regulation for sustainability with particular focus upon the risks and opportunities those trends may present for Australian business enterprises
- use appropriate industry based case studies to demonstrate a sound understanding of the risks and opportunities presented by sustainability regulation.
Assessment
Within semester assessment: 50%
Examination: 50%
Contact hours
39 hours over 13 weeks
BTC3130 - Stock exchange and derivatives law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Paul Latimer
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit involves a study of the legal framework regulating the securities and futures industries, which derives from the interaction of statute law, case law, ASIC releases, ASX and SFE rules. It focuses on the regulation of financial services intermediaries by statute, case law and administration by ASIC, the ASX and the SFE. Topics include market regulation by ASIC, the ASX and the SFE, liability for misstatements and non-disclosure about financial products, licensing of dealers and investment advisers, the relationship of broker and client, conduct of securities and futures business.
Objectives
The learning goals associated with this unit are to:
- define the purposes and scope of the regulation of financial markets
- analyse the co-regulatory roles of ASIC and ASX
- describe the effect of misleading or deceptive conduct in financial markets
- evaluate the impact of co-regulation on the financial services industry
- critically analyse the regulation of market manipulation and insider trading.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
BTC3150 - Taxation law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Ken Devos (Semester 1), Mr Anthony Van Der Westhuysen (Semester 2)
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
An introduction to Australian taxation. Topics include assessable income; capital gains; GST; FBT; allowable deductions including repairs, deductions and substantiation; taxation of companies and their shareholders; administrative provisions including objections, appeals and self-assessment; and anti-avoidance provisions.
Objectives
The learning goals associated with this unit are to:
- analyse and apply the appropriate taxation law for various income and capital receipts in given fact situations
- analyse and apply the appropriate taxation law for both general and specific deductions in given fact situations
- calculate the taxable value of various fringe benefits
- define and apply the principles of the imputation system at both the shareholder and company level
- describe the major elements of both the GST and Tax Administration systems.
Assessment
Clayton campus -- Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Prato -- Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
Clayton - 3 hours per week
Prato - block mode
Prerequisites
Prohibitions
BTC3200 - Finance law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Janine Pascoe
Offered
Clayton Second semester 2009 (Day)
Synopsis
Aspects of the legal environment that affect financial decisions, transactions and relationships. Topics covered are chosen from the laws regulating the financing implications of different forms of business organisation; financial institutions and the financial institutions/customer relationship; cheques; electronic transactions; other negotiable instruments; the laws regulating business finance and security; consumer credit; guarantees and bankruptcy.
Objectives
The learning goals associated with this unit are to:
- explain the legal and regulatory framework applicable to the banking and finance sector
- analyse and apply the legal concepts underlying banking and financial transactions
- analyse and apply the legal principles relating to the rights and obligations of those invlved in banking and finance
- have developed a legal perspective to assist in decision-making in areas involving banking and finance
- to provide the legal background for the resolution of business problems involving banking and finance.
Assessment
Within semester assessment: 25%
Examination (3 hours plus 30 minutes reading and noting, open-book): 75%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
BTC3300 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Janine Pascoe
Offered
Clayton First semester 2009 (Day)
Synopsis
The legal framework which operates in relation to marketing decisions and practice. The impact of common law, legislation and self-regulating codes of practice in the market place. Particular topics include intellectual property rights, product development and promotion, product safety and quality, the regulation of unfair and anti-competitive conduct, franchising and electronic marketing and the law.
Objectives
The learning goals associated with this unit are to:
- identify and analyse the consumer protection laws and apply those laws to a range of marketing and advertising strategies
- identify and analyse the laws protecting intellectual property and apply those laws to the development and marketing of new products and ideas
- identify, analyse and apply the laws regulating a range of competition practices including pricing and distribution
- develop an ability to research and critically evaluate developments in marketing law.
Assessment
Within semester assessment: 30%
Examination (3.5 hours, open-book): 70%
Contact hours
3 hours contact per week
Prerequisites
Prohibitions
BTC3350 - Business taxation and GST
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Anthony van der Westhuysen
Offered
Clayton Second semester 2009 (Day)
Synopsis
Taxation of business income and abnormal receipts. Business tax reform including the Goods and Services Tax and Ralph Committee reforms. Tax planning issues on acquisition and disposal of a business. Remuneration planning, retirement and estate planning.
Objectives
The learning goals associated with this unit are to:
- describe the taxation issues associated with specific regimes including the Alienation of Personal Services Income Regime, the Simplified Tax System and the PAYG Systems
- analyse the tax frameworks that apply when conducting a business through Companies, Trusts Partnerships or Sole Proprietors
- analyse business transactions in the context of the Goods and Services Tax
- apply the appropriate taxation rules that govern purchases and sales of a business.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
BTC4320 - Finance law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Janine Pascoe
Offered
Clayton Second semester 2009 (Day)
Synopsis
Aspects of the legal environment that affect financial decisions, transactions and relationships. Topics covered are chosen from the laws regulating the financing implications of different forms of business organisation; financial institutions and the financial institutions/customer relationship; cheques; electronic transactions; other negotiable instruments; the laws regulating business finance and security; consumer credit; guarantees and bankruptcy.
Objectives
The learning goals associated with this unit are to:
- understand the legal and regulatory framework applicable to the banking and finance sector
- analyse and apply the legal concepts underlying banking and financial transactions
- analyse and apply the legal principles relating to the rights and obligations of those involved in banking and finance
- have developed a legal perspective to assist in decision-making in areas involving banking and finance
- to provide the legal background for the resolution of business problems involving banking and finance.
Assessment
Within semester assessment: 25%
Examination (3.5 hours, open-book): 75%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
BTC1110 or BTC2110 or equivalent and BTC2210 or BTC2213 or equivalent
Prohibitions
BTC4330 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Janine Pascoe
Offered
Clayton First semester 2009 (Day)
Synopsis
The legal framework which operates in relation to marketing decisions and practice. The impact of common law, legislation and self-regulating codes of practice in the market place. Particular topics include intellectual property rights, product development and promotion, product safety and quality, the regulation of unfair and anti-competitive conduct, franchising and electronic marketing and the law.
Objectives
The learning goals associated with this unit are to:
- identify and analyse the consumer protection laws and apply those laws to a range of marketing and advertising strategies
- identify and analyse the laws protecting intellectual property and apply those laws to the development and marketing of new products and ideas
- identify, analyse and apply the laws regulating a range of competition practices including pricing and distribution
- Develop an ability to research and critically evaluate developments in marketing law.
Assessment
Within semester assessment: 30%
Final examination (3.5 hours, open-book): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
BTC1110 or BTC2110 or equivalent
Prohibitions
BTC4335 - Business taxation and GST
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Mr Tony van der Westhuysen
Offered
Clayton Second semester 2009 (Day)
Synopsis
Taxation of business income and abnormal receipts. Business tax reform including the Goods and Services Tax and Ralph Committee reforms. Tax planning issues on acquisition and disposal of a business. Remuneration planning, retirement and estate planning.
Objectives
The learning goals associated with this unit are to:
- describe the taxation issues associated with specific regimes including the Alienation of Personal Services Income Regime, the Simplified Tax System and the PAYG Systems
- analyse the tax frameworks that apply when conducting a business through Companies, Trusts Partnerships or Sole Proprietors
- analyse business transactions in the context of the Goods and Services Tax
- apply the appropriate taxation rules that govern purchases and sales of a business.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Prerequisites
Prohibitions
BTF1010 - Commercial law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Shelley Marshall
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Prato Winter semester 2009 (On-campus block of classes)
Synopsis
Liability for defective products; liability for misleading advice or information; contract law; agency law; partnership law; introduction to company law; company officers' duties.
Objectives
The learning goals associated with this unit are to:
- examine common commercial law scenarios relating to: the supply of defective goods and services; contract disputes; misrepresentations; agency relationships; partnership law; and company law
- identify legal problems and risks which arise in those scenarios
- describe the laws relevant to those scenarios
- analyse and apply the laws to predict possible legal outcomes.
Assessment
Within semester assessment: 40%
Examination (2 hours and 30 minutes): 60%
Contact hours
3 hours per week
Prerequisites
Students enrolled in course code 0816 must be granted permission to undertake this unit.
Prohibitions
BTF2220 - Corporations law and trusts
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Antoinette Sernia
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Topics include the separate legal entity status of companies and the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; corporate management incorporating extensive consideration of directors' duties; share capital; regulation of public fund raising; members' remedies incorporating statutory remedies and common law rights of action; members' meetings; forms of corporate insolvency administrations; trusts, incorporating the role of trustees and the rights of beneficiaries.
Objectives
The learning goals associated with this unit are to:
- demonstrate an understanding of the significance and functions of corporations, and trusts, as legal structures that facilitate the carrying on of business
- identify, explain and apply legislation and case law to the internal and external regulation of corporations, and the operations of trusts
- develop skills in legal problem solving and analyse legal problems relating to corporations and trusts.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
BTF2223 - Corporate crime
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Gerald Acquaah-Gaisie
Offered
Caulfield Second semester 2009 (Day)
Synopsis
An overview of conduct that constitutes criminality in the business world. It draws together from the various areas of business law and taxation provisions governing inappropriate conduct within corporate entities which have the potential to attract criminal and/or other serious sanctions. It discusses the mechanisms for detecting and penalising such offences and the possible penalties.
Objectives
The learning goals associated with this unit are to:
- describe the nature and causes of corporate crime
- identify various types of corporate criminality
- identify the laws that govern corporate criminality
- describe the penalties for the various types of corporate criminality
- formulate and implement a compliance program to minimise criminal and/or other misconduct in a given corporation.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTF1010 or equivalent
Prohibitions
BTF2601 - Banking law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Rhett Martin
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Synopsis
The bank-customer relationship; types of account; current issues in banking law; negotiable instruments including cheques and bills of exchange; the duties and responsibilities of the paying bank and collecting bank; negotiable and allied instruments in international trade; electronic funds transfer.
Objectives
The learning goals associated with this unit are to:
- describe the key elements of the banker customer relationship
- critically analyse the main features of negotiable instruments and their uses
- define the various types of letters of credit and evaluate their effectiveness in international transactions
- describe the structure of the payments system in Australia with specific reference to the use of electronic payments and credit cards
- evaluate key current developments within the banking system in Australia based on knowledge gained within the course.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
BTF2991 - Employment law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Anne O'Rourke
Offered
Caulfield First semester 2009 (Day)
Synopsis
Legal implications of staff-management decisions. Individual employer-employee relationship; contract of employment; wages-work bargain; recruitment law; discrimination law; termination law including unfair dismissals; mutuality of legal rights and obligations; health and safety law in the workplace; vicarious liability; industrial action and constitutional considerations.
Objectives
The learning goals associated with this unit are to:
- extend their knowledge and comprehension of the legal framework governing workplace relations in Australia
- evaluate the principles underlying employment laws and assess the law's impact on the employment relationship
- demonstrate a working knowledge of employment law issues through the application of legal principles to a range of hypothetical scenarios
- identify and analyse current issues involving legal regulation of the workplace.
Assessment
Within semester assessment: 40%
Examination (3 hours, open-book): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
BTF3091 - Stock exchange and derivatives law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Paul Latimer
Offered
Caulfield First semester 2009 (Evening)
Synopsis
This unit involves a study of the legal framework regulating the securities and futures industries which derives from the interaction of statute law, case law, ASIC releases, ASX and SFE rules. It focuses on the regulation of financial services, intermediaries by statute, case law and administration by ASIC, ASX and SFE. Topics include market regulation by ASIC, the ASX and the SFE, liability for misstatements and non-disclosure about financial products, licensing of dealers and investment advisers, the relationship of broker and client, conduct of securities and futures business.
Objectives
The learning goals associated with this unit are to:
- define the purposes and scope of the regulation of financial markets
- analyse the co-regulatory roles of ASIC and ASX
- describe the effect of misleading or deceptive conduct in financial market
- evaluate the impact of co-regulation on the financial services industry
- critically analyse the regulation of market manipulation and insider trading.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
Students must have passed 24 points to undertake this unit.
Prohibitions
BTF3100 - Environmental law for business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Wayne Gumley
Offered
Caulfield First semester 2009 (Day)
Synopsis
An introduction to environmental law in Australia with special emphasis on its application to business and development projects. Covering
- sources of environmental law including property rights, common law liability, government responsibilities, international obligations;
- specific regulatory schemes for management of land, water, air pollution, industrial waste, product standards and taxation concessions;
- non-coercive strategies and other recent developments, green taxes, emission trading and voluntary agreements.
Objectives
The learning goals associated with this unit are to:
- identify and apply the various sources of environmental and planning law in Australia and to explain the role of various government agencies
- analyse the impact of selected environmental laws upon various types of business enterprises and development projects
- recommend and explain appropriate strategies to enable businesses and developers to minimise penalties for violation of environmental laws
- analyse emerging trends in environmental law.
Assessment
Within semester assessment: 50%
Examination (3 hours, open-book): 50%
Contact hours
3 hours per week. A full day field trip is generally held early in the semester.
BTF3181 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Mark Bender
Offered
Caulfield Second semester 2009 (Day)
Synopsis
The legal framework which operates in relation to marketing decisions and practice. Topics discussed include unfair trading practices, intellectual property rights (patents, trade marks, copyright and designs), anti-competitive conduct and new marketing practices. The unit places the laws controlling unfair and anti-competitive practices within the wider economic context.
Objectives
The learning goals associated with this unit are to:
- identify and analyse the consumer protection laws and apply those laws to a range of marketing and advertising strategies
- identify and analyse the laws protecting intellectual property and apply those laws to the development and marketing of new products and ideas
- identify, analyse and apply the laws regulating a range of competition practices including pricing and distribution
- critically evaluate a contemporary marketing law development and write a research paper on the topic.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Prerequisites
Prohibitions
BTF3201 - International trade law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Chris Arup
Offered
Caulfield Second semester 2009 (Day)
Prato Winter semester 2009 (On-campus block of classes)
Synopsis
The law affecting Australian enterprises engaged in international business. Topics include international trade conventions; import and export procedures; carriage of goods by sea and air; bills of lading and the Hague-Visby rules; finance of international trade; payment and documentary credits; the use of negotiable instruments in international trade; international commercial arbitration and marine insurance.
Objectives
The learning goals associated with this unit are to:
- define the purpose and scope of the international legal framework in which trade between nations takes place
- be able to recognise and understand the form and nature of documents used in international trade including contracts of sale, shipping documentation, invoices, insurance policies, bills of exchange, documentary collections and letters of credit
- be able to identify and understand legal issues in an international trade context
- be able to apply the laws relating to international contracts of sale, international carriage of goods and finance of international trade in a variety of situations
- be able to write a coherent piece of advice discussing the legal issues arising in an international trade dispute.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
BTF1010 or equivalent
Prohibitions
BTF3900 - Research project in business law and taxation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Brendan Sweeney
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Synopsis
This unit offers students an option to complete a unit by way of a research project. The project requires a student to undertake guided research on a topic taken from a business law and taxation unit. Students must complete a paper of between 5000 to 8000 words.
Objectives
The learning goals associated with this unit are to:
- identify a development in the contemporary commercial environment that presents business law or taxation issues
- research, analyse and evaluate those issues
- construct a framework to discuss the results
- prepare a research paper.
Assessment
Within semester assessment: 100%
Contact hours
12 hours per week private research
Prerequisites
Student must have passed 72 credit points from the Faculty of Business and Economics to undertake this unit.
BTF3931 - Taxation law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mrs Mei-Ling Barkoczy
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
Assessable income and exempt income; deductions; special classes of taxpayers including trusts, partnerships and companies; objections and appeals; capital gains tax; fringe benefits tax; superannuation; eligible termination payments; tax collection; goods and services tax.
Objectives
The learning goals associated with this unit are to:
- identify and explain the constitutional and administrative framework within which the federal taxation system operates
- calculate income tax and goods and services tax liabilities
- identify and analyse fundamental tax concepts such as the distinction between income and capital
- apply legislative provisions and judicial principles to practical taxation problems and provide supporting evaluations through the application of statutory and case law principles.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
BTF3951 - Business taxation and GST
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Tony van der Westhuysen
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Taxation of business income and abnormal receipts. Business tax reform including the Goods and Service Tax and Ralph Committee reforms. Tax planning issues on acquisition and disposal of a business. Remuneration planning, retirement and estate planning.
Objectives
The learning goals associated with this unit are to:
- describe the taxation issues associated with specific regimes including the Alienation of Personal Services Income Regime, the Simplified Tax System and the PAYG Systems
- analyse the tax frameworks that apply when conducting a business through Companies, Trusts Partnerships or Sole Proprietors
- analyse business transactions in the context of the Goods and Services Tax
- apply the appropriate taxation rules that govern purchases and sales of a business.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Prerequisites
BTF2931 or BTF3931
Prohibitions
BTF4200 - Income and deductions
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Not offered in 2009
Synopsis
This unit provides an analysis of the law relating to the concepts of income and deductions, with a focus on the development of common law principles.
Objectives
The learning goals associated with this unit are to:
- analyse the nature and scope of the concepts of income at common law
- explain the rights and entitlements of taxpayers to deductions
- identify developments, statutory and judicial, pertaining to the notion of income
- identify developments, statutory and judicial, pertaining to the entitlement of taxpayers to deductions
- apply the manner and methods employed in the application of such principles to practical situations.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF4210 - Taxation of trusts and partnerships
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Not offered in 2009
Synopsis
This unit provides a comprehensive and in-depth analysis of the legal principles that govern the taxation of trusts and partnerships and their application to specific commercial transactions.
Objectives
The learning goals associated with this unit are to:
- understand the manner in which the taxation system applies to trusts and partnerships
- develop a sound knowledge of the statutory and case law as well as administrative rulings of the Australian Taxation Office that relate to the taxation of trusts and partnerships
- apply the relevant principles to specific trust and partnership arrangements or transactions involving trusts and partnerships
- conduct relevant research of possible new developments in the law relating to the taxation of trusts and partnerships.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF4220 - Taxation of companies and shareholders
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Caulfield Summer semester B 2009 (On-campus block of classes)
Synopsis
An analysis of the law relating to the taxation of companies and shareholders, taxation of dividends, imputation, losses, debt and equity rules, consolidation of corporate groups, liquidations, capital reductions, share buy backs and international aspects of corporate taxation.
Objectives
The learning goals associated with this unit are to:
- identify and analyse taxation issues which arise in relation to companies and shareholders under the Income Tax Assessment Act 1936 (Cth)
- conduct research into, and give an informed view on the likely development of the law relating to, the taxation of companies and shareholders.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF5520
BTF4230 - Taxation of capital gains
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Not offered in 2009
Synopsis
Topics include CGT assets, CGT events, calculation of net capital gains and losses, rollovers, application of the CGT regime to trusts, companies, shareholders, partnerships, and international aspects of the CGT regime.
Objectives
Upon completion of this unit, students should be able to: understand the manner in which the taxation system brings into account gains of a capital nature; develop a sound knowledge of the statutory and case law as well as administrative rulings of the Australian Taxation Office that relate to the taxation of capital gains; apply the relevant principles to specific commercial transactions whether in the form of business or investment that general capital gains; and conduct relevant research of possible new developments in the law relating to the taxation of capital gains. More specifically, students would develop a sound understanding of the nature and operation of CGT events that operate subject to taxation capital gains, the manner in which capital gains are calculated and the availability of rollovers and other concessions.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF4240 - Workplace taxation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Ken Devos
Offered
Caulfield First semester 2009 (Evening)
Synopsis
This unit provides a detailed analysis of the taxation of employees and contractors in Australia. Topics include: employer/employee relationship; independent contractors, PAYG collection system; payroll tax and other levies, employee deductions; fringe benefits; superannuation, share schemes and remuneration planning.
Objectives
The learning goals associated with this unit are to:
- explain the taxation implications of income received by employees and independent contractors in the workplace
- describe the administrative aspects of the income tax system
- explain the tax implications of superannuation and employee share schemes provided by employers
- calculate the tax position of employees and independent contractors in the workplace who receive fringe benefits and other types of remuneration.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF4250 - Business tax planning
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Caulfield Second semester 2009 (Evening)
Synopsis
This unit examines the operation of anti-avoidance rules such as Part IVA, dividend and trust stripping rules, capital and dividend streaming rules and taxation issues that relate to and arise from business taxation planning including the use of various business entities and managing the timing and character of receipts and payments.
Objectives
The learning objectives of this unit are to:
- examine tax planning principles and methods including uses of alternative business structures and managing receipts and payments
- examine the concepts and principles (both statutory and common law) employed to deal with tax avoidance
- explain the risks associated with the potential application of the general and specific anti-avoidance rules.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book): 70% or 100%.
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total).
Prerequisites
Prohibitions
BTF4260 - Tax administration and policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Caulfield First semester 2009 (Evening)
Synopsis
This unit examines the assessment process and the legal avenues available to taxpayers to challenge an assessment. Within that continuum, this unit will examine the self-assessment process, ruling system, Commissioners' access powers, duties of confidentiality and disclosure, taxpayers' rights to information and the objection and appeal process.
Objectives
The learning goals associated with this unit are to:
- develop a sound knowledge and understanding of the statutory, case law and administrative rulings that relate to the administration of the Australian taxation system
- conduct relevant research of possible new developments in the law relating to tax administration
- examine the assessment process and the legal avenues available to taxpayers to challenge an assessment
- examine the self-assessment system, ruling system (private and public), Commissioners' access powers, duties of confidentiality and disclosure, taxpayers rights to information and the objection and appeal process.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF4270 - Superannuation and retirement benefits
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Caulfield Second semester 2009 (Evening)
Synopsis
This unit provides an analysis of the taxation and regulatory regime relating to superannuation and retirement benefits.
Objectives
The learning goals associated with this unit are to:
- explain the superannuation system and regulatory regime in Australia
- explain taxation of superannuation benefits upon contribution and distribution
- identify planning issues and approaches to maximize superannuation and retirement benefits
- identify and evaluate developments and proposals for reform
- apply principles and methods.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF4280 - Taxation of international transactions
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Caulfield Summer semester A 2009 (On-campus block of classes)
Synopsis
This unit examines the operation of the general residence and source rules, double taxation agreements, thin capitalisation rules, controlled foreign companies, Foreign Investment Funds, transfer of trusts, and a range of exemptions.
Objectives
The learning goals associated with this unit are to:
- understand the manner in which the taxation system applies to cross border arrangements and transactions
- develop a sound knowledge of the statutory and case law as well as administrative rulings of the Australian Taxation Office that relate to the taxation of international transactions and arrangements
- apply the relevant principles to specific transactions and arrangements involving foreign nationals
- conduct relevant research of possible new developments in the law relating to the taxation of international transactions
- examine the operation of the general residence and source rules, double taxation agreements, thin capitalisation rules, controlled foreign companies and a range of exemptions.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
Prohibitions
BTF4290 - Business transactions taxes
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Mr Tony van der Westhuysen
Offered
Not offered in 2009
Synopsis
This unit provides a detailed analysis of the various taxes that impact business transactions.
Objectives
The learning goals associated with this unit are:
- understand the constitutional and tax policy principles underlying business transactions taxes in Australia
- develop a sound knowledge of the statutory and case law as well as administrative rulings of the Australian Taxation Office and State Revenue Office that relate to these taxes, particularly the Goods and Services Tax (GST)
- apply the relevant principles to a range of specific business transactions involving liability for GST and other indirect taxes
- conduct relevant research of possible new developments in the law relating to GST and other indirect taxes.
Assessment
Within semester assessment (optional): 30%
Examination (3 hours, open-book/take-home): 70% or 100%
Contact hours
3 hours per week on-campus and/or intensive mode over summer (both 39 hours in total)
Prerequisites
BTF3931 or equivalent
Prohibitions
BTF4310 - Research project
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Full year 2009 (Day)
Synopsis
Under supervision, students are expected to undertake and report on an approved research project that addresses a contemporary and/or a significant issue in the field of taxation. Enrolment in BTF4310 Research project requires a student to submit a research proposal and have a supervisor appointed by the Course Director.
Objectives
The learning goals associated with this unit are to:
- conduct critical and analytical research at an advanced level in the field of taxation law
- present findings in writing in a manner that is logical and coherent.
Assessment
Within semester assessment: 100%
Contact hours
12 hours per week private research and consultation with supervisor
Prerequisites
Permission required
BTW1200 - Business law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Michael McNamara (Berwick, Gippsland, Peninsula); Ms Elsa Singam, Ms Vanitha Karean (Malaysia)
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Peninsula Second semester 2009 (Day)
Prato Winter semester 2009 (On-campus block of classes)
Synopsis
An introduction to legal studies and to the legal system of Australia with special emphasis on business aspects. The topics covered include: introduction to the Australian legal system; the tort of negligence with an emphasis on negligent misstatement; the law of contract; business structures, with particular emphasis on partnerships and corporations and the law of agency.
Objectives
The learning goals associated with this unit are to:
- examine and describe the structure of the Australian legal system
- examine and apply the law of negligence, with particular emphasis on the law of negligent misstatement
- examine and apply the law of contract, with particular emphasis on the formation and contents of contracts, matters affecting the validity of a contract, and remedies for breach of contract
- examine and apply the law of agency, with particular emphasis on its application to partnerships and corporations
- examine and analyse common business structures, with particular emphasis on partnerships and corporations.
Assessment
Within semester assessment: 30%
Examination (open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prohibitions
BTW1201 - South African business law A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Nazreen Shaik-Peremanov
Offered
South Africa Second semester 2009 (Day)
Synopsis
An introduction to the South African legal system, its history, structure, sources of law and interpretation of statutes. Particular emphasis is placed on the law as it affects business. This includes the banking law on paying instruments and modes of payment. The laws of delict, contract and agency as they affect business are examined. The basic principles of the law of partnerships, companies and other bodies corporate are also introduced. Specific contracts, such as purchases and sales, leases, insurance and credit agreements are dealt with. This unit includes an introduction to various specific aspects of commercial law, including labour law, the law of unjust enrichment, the laws of trust, insolvency and administration of estates.
Objectives
The learning goals associated with this unit are to:
- describe and define the South African Legal system, its history, structure and sources of law
- explain the basic rules of statutory interpretation
- identify, discuss and analyse the application of the law of delict, contract, agency and unjustified enrichment to a range of situations in business
- identify, discuss and analyse the application of the law relating to modes of payment to a range of situations in business
- distinguish and interpret particular nominated contracts, and analyse and discuss the application of the rules of these nominated contracts to a range of situations in business and
- list, describe and explain various sundry aspects of commercial law that provide the necessary background for accountants and auditors in the business environment.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
BTW2121 - South African taxation of individuals
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Adrian Pilley
Offered
South Africa First semester 2009 (Day)
Synopsis
An introduction to the principles of the taxation of individuals, including an examination of: the basic calculation of income tax; the calculation of gross income; exempt income; allowable deductions; the calculation of net normal tax payable; salaried persons - receipts; fringe benefits; salaried persons -- specific deductions; Standard Income Tax on Employees (SITE); retirement benefits and investment income and royalties; capital gains tax. The basic principles relating to the taxation of farmers is also examined.
Objectives
The learning objectives of this unit are to:
- develop an understanding of the South African taxation system as it impacts on individuals
- develop the capacity to calculate the tax payable by individuals.
Assessment
Within semester assessment: 30%
Examination: 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW2122 - South African taxation of businesses
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Adrian Pilley
Offered
South Africa Second semester 2009 (Day)
Synopsis
An introduction to the principles of the taxation of businesses, including an examination of: value-added tax (VAT); capital allowances; business income and expenses; sole traders; partnerships; companies and close corporations; credit agreements and township developers; trust income; capital gains tax; donations tax and administrative procedures.
Objectives
The learning goals associated with this unit are to:
- develop an understanding of the South African taxation system as it impacts on businesses
- develop the capacity to calculate the tax payable by businesses
- develop an understanding of how the tax system differentiates between categories of businesses, such as sole traders, partnerships, companies, close corporations and trusts.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW2161 - Tourism law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Michael McNamara
Offered
Not offered in 2009
Synopsis
An examination is made of the basic principles of contract law which will then be applied to typical contracts found in the tourism industry. Other areas examined include booking conditions and tour brochures, misleading advertising and deceptive conduct, consumer complaints, the Travel Compensation Fund, travel and business insurance, responsibilities of travel agents and tour operators under the Travel Agents Act and the European Union Directive, employment law, and business practices.
Objectives
The learning goals associated with this unit are to:
- analyse and apply the formation and contents of contracts within tourism operations
- analyse and apply liability for negligence within tourism operations
- analyse and apply laws about consumer protection, insurance and employment, within tourism operations
- analyse and apply laws about tour and travel agency within tourism operations
- analyse and apply laws about planning and environmental issues to the development of tourism businesses
- critically evaluate the legal issues for the development and operation of a tourism business, and write a research paper on the topic.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
BTW2201 - South African business law 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Nazreen Shaik-Peremanov
Offered
South Africa First semester 2009 (Day)
Synopsis
An examination of business entities law at an advanced level, with emphasis on the law of partnership, company law, the law of close corporations and the law of business trusts. An examination will also be made of the law relating to specific contracts, eg: contracts of purchase, sale and lease, property transactions and credit agreements. The law pertaining to suretyship, mortgage and pledge will be examined as will the law of agency.
Objectives
The learning goals associated with this unit are to:
- critically examine business entities law with particular emphasis on the law of partnership
- develop an understanding of the key issues in company law regarding contracts of purchase, sale and lease and property transactions
- examine and apply the laws pertaining to suretyship, mortgage and the law of agency.
Assessment
Within semester assessment: 30 %
Examination: 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW2213 - Malaysian company law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Shanthy Rachagan
Offered
Sunway Second semester 2009 (Day)
Synopsis
The unit will focus on the law relating to corporate governance in Malaysia. It will begin with the need for good corporate governance in Malaysia and the factors that are involved in ensuring good corporate governance. It will focus on directors' duties and the need for the board to be independent of majority shareholders and their nominated directors and on the role that auditors and shareholders play in ensuring good corporate governance practices. The unit will also include the disclosure obligations of companies and how these rules are currently enforced. In all instances the essential elements of the law is examined, as are the implications of each law on business practice.
Objectives
The learning goals associated with this unit are to:
- define the concept of companies as legal entities
- explain the significance of companies as entities for carrying on business in Malaysia
- identify and critically evaluate how Malaysian legislation and relevant case law affects the internal and external regulation of companies
- Demonstrate an awareness of corporate legal theory and law reform.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
Prohibitions
BTW2220 - Corporations law and trusts
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ashraf Kazi, Ms Jennifer O'Reilly
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Singapore Second semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Synopsis
Topics include the Corporations Law scheme; the role and functions of the Australian Securities and Investments Commission; the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; share and loan capital; regulation of public fund raising; duties of directors, officers and promoters; rights of members and minority shareholder protection; forms of corporate insolvency administrations, particularly as they affect creditors, officers and shareholders; trusts, trustees, beneficiaries and third parties.
Objectives
The learning goals associated with this unit are to:
- identify the important elements in the internal and external regulation of companies and how they may be used
- explain the nature of trusts, the way they operate, and the rights and obligations of people involved in or dealing with trusts
- analyse hypothetical case studies and formulate a legal argument by the application of statute and case law
- critically evaluate the effectiveness of aspects of corporate law in the context of the changing needs of the community.
Assessment
Within semester assessment: 30%
Examination: 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW1200 or equivalent
Prohibitions
BTW2223 - Corporate crime
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Gerald Acquaah-Gaisie
Offered
Gippsland Second semester 2009 (Off-campus)
Synopsis
An overview of conduct that constitutes criminality in the business world. It draws together from the various areas of business law and taxation provisions governing inappropriate conduct within corporate entities, which have the potential to attract criminal and/or other serious sanctions. It discusses the mechanisms for detecting and penalising such offences and the possible penalties.
Objectives
The learning goals associated with this unit are to:
- describe the nature and causes of corporate crime
- identify various types of corporate criminality
- identify the laws that govern corporate criminality
- describe the penalties for the various types of corporate criminality
- formulate and implement a compliance program to minimise criminal and/or other misconduct in a given corporation.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW1200 or equivalent
Prohibitions
BTW2241 - Comparative workplace relations law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Vanitha Karean
Offered
Sunway First semester 2009 (Day)
Synopsis
The unit introduces students to the legal framework within which individual employment relations operate in Malaysia and Australia. Topics include important workplace relations issues like the rights and duties underpinning the contract of employment, unfair dismissal, constructive dismissal, discrimination and occupational health and safety law. Selected International Labour Organisation Conventions are analysed in relation to aspects of current employment protection law and policy.
Objectives
The learning goals associated with this unit are to:
- describe the legal framework that regulates the relationship between employer and employee in Malaysia and Australia
- define and analyse the scope of the contract of employment
- evaluate the nature of rights and duties within the employment relationship
- discuss the various types of workplace dismissals
- explain the role and influence of the International Labour Organisation.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
3 hours per week
Prerequisites
BTW1200 or equivalent
Prohibitions
BTW2313 - Malaysian corporate governance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Elsa Satkunasingam
Offered
Sunway First semester 2009 (Day)
Synopsis
The Unit will focus on the law relating to corporate governance in Malaysia. It will begin with the need for good corporate governance in Malaysia and the factors that are involved in ensuring good corporate governance. It will focus on directors duties and the need for the board to be independent of majority shareholders and their nominated directors and on the role that auditors and shareholders play in ensuring good corporate governance practices. The Unit will also include the disclosure obligations of companies and how these rules are currently enforced. In all instances the essential elements of the law is examined, as are the implications of each law on business practice.
Objectives
The learning goals associated with this unit are to:
- identify the political, economic and social factors that contribute towards corporate governance in public listed and government linked companies in Malaysia
- describe and analyse the role that directors, auditors, creditors and shareholders as well as the public play in achieving high corporate governance standards
- demonstrate awareness of latest developments upholding good corporate governance in foreign jurisdictions
- critically analyse the impact if these latest developments are implemented in Malaysia.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book) 70%
Contact hours
One 2 hour lecture and one 1-hour tutorial per week
Prerequisites
BTW3153 - Malaysian income tax law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Haemala Thanasegaran
Offered
Sunway First semester 2009 (Day)
Synopsis
The topics are similar to those covered by the equivalent Australian income tax law unit BTC3150, but lectures and tutorials will concentrate on the legislation and case law which applies in Malaysia. Topics include background to the Malaysian legal and taxation systems; income for businesses, individuals, companies, partnerships and trusts; deductions; capital allowances (the Malaysian equivalent of depreciation); personal reliefs; tax incentives; the limited capital gains tax; tax administration and tax avoidance.
Objectives
The learning goals associated with this unit are to:
- describe the taxation concept of income
- critically assess the major income and deduction components comprising taxable income
- identify the main taxable entitles and calculate how they are taxed
- analyse and apply the main administrative aspects of income tax law
- demonstrate an awareness of current income tax developments in Malaysia.
Assessment
Within semester assessment: 20%
Examination (3 hours, open-book): 80%
Prohibitions
BTC3153
BTW3201 - International trade law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Andrew Field; Ms Haemala Thanasegaran (Malaysia)
Offered
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Peninsula Second semester 2009 (Day)
Prato Winter semester 2009 (On-campus block of classes)
Synopsis
The law affecting Australian enterprises engaged in international business. Topics include international trade conventions; import and export procedures; the sale of goods; carriage of goods by sea and air; bills of lading and the Hague-Visby rules; finance of international trade; payment and documentary credits; the use of negotiable instruments in international trade; international commercial arbitration and marine insurance.
Objectives
The learning goals associated with this unit are to:
- examine and analyse the international legal framework in which trade between nations take place
- identify and analyse the legal issues in an international trade context
- identify, analyse and apply the laws to solve legal problems that arise from international commercial transactions
- identify and analyse the laws relating to international contracts of sale, finance of international trading transactions, international carriage of goods, insurance in international trade and dispute resolution in international trade
- identify and analyse the form and nature of documents used in international trade including contracts of sale, shipping documentation, invoices, insurance policies, bills of exchange, documentary collections and letter of credits.
Assessment
Within semester assessment: 50%
Examination (3 hours, open-book): 50%
Contact hours
First semester, Peninsula
Prerequisites
BTW1200 or equivalent
Prohibitions
BTW3221 - Taxation law and practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Daniel Khoury (Semester 1); Mr Jonathan Teoh (Semester 2)
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Singapore First semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
Synopsis
This unit provides an introduction to Australian income tax law and practice. Topics include: Australian tax jurisdictional issues, assessable income from personal exertion, property and business, capital gains tax and fringe benefits tax, exempt income, deductions, both general and specific, accounting for trading stock, taxation of partnership, company and trust income, GST, tax avoidance and evasion.
Objectives
The learning goals associated with this unit are to:
- describe the constitutional and administrative framework in which the federal taxation system operates
- describe fundamental tax concepts, such as the concepts of income, capital, deductible expenses, residence of the taxpayer, source of income and derivation of income
- critically analyse the fundamental distinctions between
- receipts of income and capital and
- deductible and non-deductible outgoings
- describe the special treatment given to different types of taxpayers, such as companies, trusts, partnerships and non-residents
- analyse, and apply, legislative provisions and court decisions relating to taxation matters.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
Prohibitions
BTW3240 - Administrative law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ashraf Kazi
Offered
Gippsland First semester 2009 (Off-campus)
Synopsis
Aspects of ultra vires, natural justice, jurisdictional error, delegated legislation, Administrative Decisions (Judicial Review) Act, administrative appeals tribunal, freedom of information legislation, remedies and orders relevant to business and commerce, ASIC and ATO examples where possible.
Objectives
The learning goals associated with this unit are to:
- identify the important elements in Administrative Law and how they may be used
- analyse hypothetical case studies and formulate a legal argument by the application of statute and case law
- critically evaluate the effectiveness of aspects of Administrative law in the context of the changing needs of the community.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW1200 or equivalent
BTW3241 - Employment law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Anne O'Rourke
Offered
Gippsland First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Synopsis
Legal implications of staff management decisions, individual employer-employee relationship, contract of employment, termination law including unfair dismissals, health and safety law in the workplace, vicarious liability agreements, awards and industrial action, constitutional considerations and discrimination law.
Objectives
The learning goals associated with this unit are to:
- extend their knowledge and comprehension of the legal framework governing workplace relations in Australia
- evaluate the principles underlying employment laws and assess the law's impact on the employment relationship
- demonstrate a working knowledge of employment law issues through the application of legal principles to a range of hypothetical scenarios
- identify and analyse current issues involving legal regulation of the workplace.
Assessment
Within semester assessment: 40%
Examination (3 hours, open-book): 60%
Contact hours
3 hours per week
Prerequisites
BTW1200 or equivalent
Prohibitions
BTW3242 - Business taxation and GST
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Anthony van der Westhuysen
Offered
Gippsland Second semester 2009 (Off-campus)
Synopsis
Taxation of business income and abnormal receipts. Business tax reform including the Goods and Service Tax and Ralph Committee reforms. Tax planning issues on acquisition and disposal of a business.
Objectives
The learning goals associated with this unit are to:
- describe the taxation issues associated with specific regimes including the Alienation of Personal Services Income Regime, the Simplified Tax System and the PAYG Systems
- analyse the tax frameworks that apply when conducting a business through Companies, Trusts Partnerships or Sole Proprietors
- analyse business transactions in the context of the Goods and Services Tax
- apply the appropriate taxation rules that govern purchases and sales of a business.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW3221 or equivalent
Prohibitions
BTW3243 - Finance law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Rhett Martin; Ms Shanthy Rachagan (Malaysia)
Offered
Sunway First semester 2009 (Day)
Synopsis
Aspects of the legal environment that affects financial decisions, transactions and relationships. Topics covered are chosen from the laws regulating the financing implications of different forms of business organisation; financial institutions; cheques, banking and the banker-customer relationship; electronic funds transfer; other negotiable instruments; the laws regulating business finance and security; hire-purchase and consumer credit; guarantees; bankruptcy and insolvency law, and debt recovery.
Objectives
The learning goals associated with this unit are to:
- examine the core legal principles underlying the banker customer contract
- discuss the legal nature and uses of cheques
- define the legal issues in taking security for a loan with reference to mortgages and company charges
- examine key aspects of corporate and personal insolvency and its consequences
- evaluate and apply this knowledge to real world, practical examples.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW1200 or equivalent
Prohibitions
BTW3281 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Paul Sugden
Offered
Berwick Second semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula First semester 2009 (Day)
Synopsis
This unit involves a study of the legal framework which operates in relation to marketing decisions and practice. It examines the impact of common law, legislation and self-regulating codes of practice in the market place. Particular topics covered include intellectual property rights, product development and promotion, product safety and quality, the regulation of unfair and anti-competitive conduct and electronic marketing and the law.
Objectives
The learning goals associated with this unit are to:
- analyse, and apply the laws protecting intellectual property to the development and marketing of a range of new products and ideas
- analyse and apply the consumer protection laws to a range of marketing and advertising strategies
- analyse and apply the laws regulating a range of marketing practices including pricing and distribution
- formulate the legal protection of a product or idea using the intellectual property, marketing and consumer protection laws.
Assessment
Within semester assessment: 30%
Examination (3.5 hours): 70%
Contact hours
Two 1-hour lectures and one 1-hour tutorial
Prohibitions
BTW3300 - South African administration of deceased and insolvent estates
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Jeanne Nel and Ms Nazreen Shaik-Peremanov
Offered
South Africa First semester 2009 (Day)
Synopsis
An introduction to the principles of estate duty and planning. An examination of the administration of deceased estates and insolvent estates including the following: Principles of testate and intestate succession, role of the Master of the High Court, executor's role and the executor's account, application for sequestration and acts of insolvency, consequences of sequestration, role of the trustee, trustee's accounts, preferential creditors, encumbered assets, contribution, claim withdrawal, composition, insolvent deceased estates and partnerships, grounds for and methods of winding-up companies and close corporations, judicial management and rehabilitation.
Objectives
The learning goals associated with this unit are to:
- apply principles of testate and intestate succession
- develop an understanding of the role of the Master of the High Court and the executors role over the executors account
- examine the laws applicable to encumbered assets, claim withdrawal and grounds for and methods of winding-up companies.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW3301 - South African business law 3
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Nazreen Shaik-Peremanov
Offered
South Africa First semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
An examination of the Law of Negotiable Instruments, which will include an analysis of the concept of negotiability and the law relating to cheques and bills of exchange. Then will follow an examination of the Law of Insurance; the Law of Insolvency; Labour Law, including that which pertains to individual contracts of employment and collective bargaining; Alternative Dispute Resolution available to businesses seeking to settle disputes by means other than litigation; and the Law pertaining to money laundering and asset forfeiture. In all instances the essential elements of the law is examined, as are the implications of each law on business practice.
Objectives
The learning goals associated with this unit are to:
- examine the law of negotiable instruments
- analyse the Laws governing insolvency and labour law, including that which pertains to individual or collective contracts of employment
- examine alternative dispute resolution available to businesses by means other than litigation.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
BTW3641 - Information technology law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Paul Sugden; Ms Vanitha Karean (Malaysia)
Offered
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Synopsis
The ease and manner in which information can now be transmitted, accessed and transacted around the world instantaneously by the interconnection of computers (the Internet); legal methods by which the law has attempted to regulate this 'flow' of information and its use in business and commerce will be explored. Contract law (in particular international and computer contracts), intellectual property (including copyright law) and privacy issues.
Objectives
The learning goals associated with this unit are to:
- identify and analyse the international agreements establishing the internet
- analyse and apply the laws affecting Internet business transactions to a range of commercial situations
- compare and contrast the forms of regulation used by governments to regulate conduct on the internet
- identify, analyse and apply the laws providing protection to the Internet itself as a computer program.
Assessment
Within semester assessment: 30%
Examination (3 hours, open-book): 70%
Prerequisites
Prohibitions
BTC3640, BTF3641, LAW7213
BTX4100 - Corporate environmental responsibility
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Mr Wayne Gumley
Offered
Caulfield Second semester 2009 (Day)
Caulfield Summer semester B 2009 (On-campus block of classes)
Synopsis
Considering the nature and extent of environmental problems facing business in a global and resource constrained economy, and how the legal system encourages a transition to ecologically sustainable development. Topics include common law environmental rights and responsibilities, the role of government regulation and the role of corporations with particular emphasis upon legal mechanism to promote corporate environmental responsibility.
Objectives
The learning goals associated with this unit are to:
- identify and apply the various sources of environmental and planning law in Australia and to explain the role of relevant government agencies
- analyse and explain the application of environmental laws to corporations carrying out a range of business and development activities
- recommend and explain appropriate regulatory strategies to encourage corporate environmental responsibility in Australian and offshore business activities
- analyse and explain emerging trends in environmental law.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prohibitions
BTX4900 - Research report
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Bill Orow
Offered
Caulfield Full year 2009 (Day)
Synopsis
Under supervision students are expected to undertake and report on an approved research project that addresses a significant issue in taxation or business law; this research proposal is likely to have substantial practical outcomes or implications; as well, it is hoped that students and supervisors will publish the work in an appropriate peer-refereed journal.
Objectives
The learning goals associated with this unit are to:
- submit a research proposal and have a supervisor appointed by the Course Director
- undertake an approved research project
- the project must address a contemporary and/or a significant issue in the field of taxation
- where appropriate, undertake comparative research and provide a report on findings.
Assessment
Within semester assessment: 100%
Co-requisites
Students must be enrolled in course BBus(Hons) (Taxation) to undertake this unit
Prohibitions
BTF4900
ECC1000 - Principles of microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Cathy Fletcher
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
The nature and scope of economics; different economic systems; economic policy analysis and evaluation; main bodies of economic thought; examples of household, business and government economic decision problems; consumer choice, product demand and factor supply; enterprise choice, product supply and factor demand; market analyses of contemporary issues; competitive market long run equilibrium; market power; market failure and concerns for efficiency and equity; government involvement in the Australian economy.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
ECC1100 - Principles of macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Cathy Fletcher
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
The scope of macroeconomics and its microeconomic underpinnings; aggregation problems; partial equilibrium and general equilibrium analysis; the circular flow of income as a general equilibrium model; the mutual dependence of financial flows and flows of goods and services; sectoral composition of aggregate demand; business and investment behaviour; government spending and taxation; external balance and determination of current and capital accounts; labour market and aggregate supply; money, credit, and the conduct of monetary policy; inflation and unemployment; macroeconomic effects of deregulation in Australia.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECC1000 is recommended
Prohibitions
ECC2000 - Intermediate microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Dyuti Banerjee and Dr Elias Khalil
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Theory of consumer choice, including applications to income-leisure choice and intertemporal consumption; isoquant theory of production; allocative efficiency and competition and monopoly; models of monopolistic competition and oligopoly; input pricing; microeconomic policies to address problems of market failure.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC1000 or permission
ECC2010 - Intermediate macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Steph Miller and Dr Michael White
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Keynesian macroeconomics; the open-economy, IS-LM framework and the aggregate demand-aggregate supply framework as a basis for more advanced macroeconomic analysis; principles of monetary and fiscal policy and problems of implementation; alternative theories of aggregate supply; new classical macroeconomics and the implications of imperfect information; new Keynesian macroeconomics and the implications of labour market rigidities; explaining and correcting inflation and unemployment.
Assessment
Within semester assessment: 20%
Examination (2 hours): 80%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
Prohibitions
ECC2300 - Current issues in macroeconomic policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Larry Cook
Offered
Clayton First semester 2009 (Day)
Synopsis
Issues include economic growth and inflation in a global context; international comparisons of policy and performance; objectives of monetary policy and central bank independence; forecasting and practical problems in policy making; financial markets and economic indicators.
Assessment
Within semester assessment: 25%
Examination (2 hours): 75%
Contact hours
3 hours per week
Prerequisites
ECC2360 - Environmental economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Edwyna Harris
Offered
Clayton Second semester 2009 (Day)
Synopsis
Application of microeconomic theory to environmental problems; the relationship between the economy and the environment; markets and governments as alternative signalling and incentive mechanisms; limitations of market and government coordination of natural resource use. Policy options for solid wastes and recycling, local and global pollution problems, protection of biodiversity, management of stocks of fish and other 'commons' resources. Valuation of unpriced environmental goods and cost-benefit analysis of environmental changes.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECC1000 or equivalent
ECC2400 - Current issues in applied microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Vai-Lam Mui
Offered
Clayton Second semester 2009 (Day)
Synopsis
Issues include the microeconomics of firm, the microeconomics of the welfare state, and the microeconomics of transitional economies such as China. Microeconomic difficulties in the public sector.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC1000 or equivalent
ECC2410 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Brett Inder
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory and emphasises hands on data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Objectives
The learning objectives of this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Prerequisites
Prohibitions
ETC2400, ETC2410, ECT3440
ECC2440 - Mathematics for economics and business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit introduces mathematical techniques that are invaluable tools for econometrics, economics, finance, and business. Topics covered include: matrix algebra; linear simultaneous systems; Eigen values and singular value decompositions; optimisation, including the Lagrange multiplier method; partial differentiation; multiple integration; difference and differential equations. Some emphasis will be given to the use of computer programs for performing matrix calculations and symbolic manipulation.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed ETC1000 before undertaking this unit
Prohibitions
ECC2450 - Sports economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ross Booth
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit will cover: demand for sport, sports revenues, the economics of sports broadcasting, the pricing of sports events; why professional team sports leagues form, whether clubs are profit-maximisers or win-maximisers, remedies for competitive imbalance such as player drafts, salary caps and revenue sharing, the role of player associations in professional sport; government subsidies in sport, the economic impact of sports events, stadium financing; case studies of professional team sports leagues in Australia, North America and Europe; globalisation in professional sport, future directions in sport.
Objectives
The learning goals associated with this unit are to:
- examine the so-called 'peculiar' characteristics of sports markets and the policy conclusions that follow
- analyse the role economic incentives play in determining the behaviour of controlling bodies, leagues, clubs, players, fans, sponsors, the media and government
- compare and contrast the key features of various sports markets in Australia and overseas
- use the economic analysis learnt to develop appropriate policies to address economic problems in the sports industry.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC2600 - Behaviour, rationality and organisation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Elias Khalil
Offered
Clayton Second semester 2009 (Day)
Synopsis
A basic pillar of economic theory is that behaviour is governed by the response to incentives (what psychologists term 'extrinsic motivation'). But 'intrinsic motivation' plays a great role. People conceive incentives differently depending on the context. The unit elaborates on the interface of incentives and psychological factors such as bounded rationality, self-deception, weakness of will, and regret, to understand the complexity of human motivation. The unit also focuses on how organisations harness human motivation in the face of asymmetry of information (which usually undermines cooperation) and bounded rationality.
Objectives
The learning goals associated with this unit are to:
- investigate the interplay of psychological variables with economic incentives
- investigate the different meaning of rationality
- investigate how rationality, and its multi-level meaning, relate to the emotions
- investigate why the rational choice approach is useful even when people behave
- investigate how could self-deception and self-rationalisation be possible if people are basically rational.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGC2600
ECC2700 - Economic issues in health and health care
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Bruce Hollingsworth
Offered
Clayton First semester 2009 (Day)
Synopsis
The nature of the commodity health care and the production of health; traditional alternative theories of demand; economics of insurance and information; behaviour of health care providers including physicians and hospitals; regulation to meet social objectives including equity and justice; hospital payment systems; the role of regulation, licensure and the professions; international comparison of health system design; the technique of using economic evaluation in health care to set priorities.
Objectives
The learning goals associated with this unit are to:
- gain an understanding of the nature of health as a produced commodity and the implications for resource allocation in health care
- identify the sources of market failure in health and health insurance and the issues involved in health system design
- apply the concepts of agency and incomplete contracts for the analysis of problems in the demand and supply of health care and the organisation of health care funding
- apply the concepts of efficiency and equity in health and to design and negotiate ways in which the funding of health care can impact on these objectives
- use the concept of net benefits to evaluate a health care intervention and present the results in both oral and written form.
Assessment
Within semester assessment: 35%
Examination (2 hours): 65%
Contact hours
3 hours per week
Prerequisites
ECC2800 - Prosperity, poverty and sustainability in a globalised world
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Simon Angus
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit examines the process of globalisation and its effect on the living conditions of the world's population. Methodologies and toolsets that economics distinctively provides to address these issues will be the common approach of investigation. The unit begins by building an institutional methodology which is then applied to the different economic systems that have been prominent players in the 20th century and continue on in the 21st. Those systems include capitalism (and its variants), socialism and communism. From this platform, globalisation in the pre-WWII years is studied, as both a process and as an institution itself in reference to the secular growth in specialisation, division of labour and trade. Third, the unit asks why some economic systems (and their environments) have prospered, whilst others have declined by turning its attention to disparate experiences of globalisation such as prosperity, poverty, environmental degradation.
Objectives
The learning goals associated with this unit are to:
- to introduce economic analysis as a key tool in understanding global movements of
- to use this analysis to identify the underlying causes of economic prosperity, poverty
- to distinguish between key economic systems of the modern era
- to critically analyse the sources of globalisation at the beginning of the 20th century and in the modern era
- to equip students with the economic tools to assess current ideas that aim to alleviate global poverty and secure environmental sustainability.
Assessment
Within semester assessment : 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
ECC2840 - Australian economic institutions and policy
6 points, SCA Band 1, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Michael White
Offered
Not offered in 2009
Synopsis
The role of economic institutions and the process of institutional change, including the role of interest groups in promoting such change. An overview of Australian economic development sketches the changing environment within which such institutions operate. Key institutions, and changes in institutional structures over time, in selected sectors of the Australian economy, including the agricultural and manufacturing sectors, the labour market and the financial sector, as well as the institutions central to competition and trade policy.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
ECC2890 - Economic development of East Asia
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Ranjan Ray
Offered
Clayton Second semester 2009 (Day)
Synopsis
An introduction to development economics. The application of trade, growth, and property rights theory to the economic development of China in relation to her institutional evolution and government policy. A comparison of Malaysia and Indonesia with respect to their economic characteristics, economic development policies and strategies, and development results during the post-war period.
Assessment
Within semester assessment: 40%
Examination (2.5 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECW2890
ECC3410 - Applied econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Objectives
The learning goals associated with this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable
- conduct statistical inference in statistical models with one or more endogenous explanatory variables
- conduct statistical inference in a system of simultaneous equations
- conduct statistical inference on data that has both a time series and a cross section dimension.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial
Prerequisites
ETC2400 or ETC2410
Prohibitions
ECC3570 - The international economy since 1945
6 points, SCA Band 1, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Not offered in 2009
Synopsis
The struggle during and after World War II to recreate a multilateral system of international trade and payments (IMF, World Bank, GATT). The nature of the 'long boom' (1945 to early 1970s) and the breakdown of the 'Bretton Woods system' in the early 1970s. Themes include the globalisation of production; the relative decline of the US and the rise of Japan; and the growth of regional trade blocs.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC4357
ECC3640 - Economics of climate change
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Peter Forsyth and Dr Edwyna Harris
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit gives students an understanding of the economic dimensions of climate change. It does this by examining how climate change directly will impact on economies, and by examining how climate change mitigation policies, such as emissions trading schemes will impact on economies. It discusses and evaluates Australia's approaches to climate change mitigation. Finally, the subject explores the problems in securing international agreement for action to address climate change.
Objectives
The learning goals associated with this unit are to:
- provide students with an understanding of the possible impacts of climate change on economies
- analyse the economic costs of climate change, and how industries can adapt to climate change at minimum cost
- provide students with an understanding of how economic instruments such as carbon taxes and emissions trading schemes can mitigate climate change
- analyse how key industries such as electricity and transport can respond to climate
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC1000
It is recommended that students complete ECC1100
Co-requisites
It is recommended that students complete ECC1100
Prohibitions
ECC3650 - Applied general equilibrium economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Mark Picton
Offered
Clayton First semester 2009 (Day)
Synopsis
The theory and applications of applied general equilibrium modelling. Introduction to associated issues in data compilation and computing. The study uses elementary calculus and matrix algebra.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
3 contact per week
Prerequisites
ECC2000 and ECC2010 or equivalent; or permission
Prohibitions
ECC3660 - Monetary economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Larry Cook
Offered
Clayton First semester 2009 (Day)
Synopsis
Economics of financial assets, markets, intermediaries, regulation and innovation; money aggregates; behaviour of interest rates; loan funds analysis; risk and term structure of interest rates; adverse selection and moral hazard; independence of central banks; determinants of the money supply and the conduct of monetary policy in Australia; theories of money demand; money supply and economic activity; Keynesian-monetarist debate; transmission mechanisms of monetary policy; money and inflation; monetary implications of budget deficits; volatility in foreign exchange markets; the international financial system; capital controls; role of the IMF; international monetary policy strategy.
Assessment
Within semester assessment: 25%
Examination (2 hours): 75%
Contact hours
3 hours per week
Prerequisites
ECC2000 and ECC2010 or equivalent
Prohibitions
ECC3670 - Economics of developing countries
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Pushkar Maitra
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit provides an analytical framework for studying economic problems of developing countries. We will examine how standard economic theories apply in the presence of market failures and weak formal institutions that characterise developing countries. The key focus is on general problems facing developing countries rather than any specific country or region. It examines specific issues and policy problems that are currently faced by developing nations, including issues such as inequality, poverty, population growth, rural-urban migration, human capital accumulation, gender bias, markets in developing countries, credit constraints and risk and insurance.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC3690 - International economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Dietrich Fausten
Offered
Clayton Second semester 2009 (Day)
Synopsis
Investigation of economic interaction between countries in the context of international exchanges of commodities and assets. Topics include the balance of payments, nominal and real exchange rate determination, international capital movements, foreign debt, structural reform and adjustment policies in the open economy, the gains from international trade, inter-industry trade, tariff policies.
Assessment
Within semester assessment: 20%
Examination (2 hours): 80%
Contact hours
3 hours per week
Prerequisites
ECC2000 and ECC2010 or equivalent
Prohibitions
ECC3710 - Labour economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Dyuti Banerjee
Offered
Clayton First semester 2009 (Day)
Synopsis
Contrasting theoretical models of the labour market, with emphasis on the neo-classical model, wage efficiency model and internal labour markets; analysis of the role of trade unions in the labour market; theory of discrimination in the labour market; contrasting theoretical views of the Phillips curve; application of this analysis to a discussion of issues with an emphasis on contemporary issues such as labour market flexibility, discrimination and unemployment.
Assessment
Within semester assessment: 35%
Examination (2 hours): 65%
Contact hours
3 hours per week
Prerequisites
ECC2000 and ECC2010 or equivalent
Prohibitions
ECC3800 - History of economic thought
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Elias Khalil
Offered
Clayton Second semester 2009 (Day)
Synopsis
The work of Richard Cantillon, David Hume, Adam Smith, David Ricardo, Thomas Malthus and Karl Marx with special reference to the economics of value, distribution and accumulation. The work of W S Jevons, Alfred Marshall and J M Keynes with special reference to economic policies proposed by those writers.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC3810 - Public finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Ranjan Ray
Offered
Clayton Second semester 2009 (Day)
Synopsis
The relationship between the public and private sectors is explored from the perspective of both public finance and political economy. Theories of public expenditure and revenue generation are introduced to assess the proper scope of the public sector. Additionally, theories of public choice are presented to examine the effectiveness and decision-making process of the public sector.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC3830 - Competition and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Paola Labrecciosa
Offered
Clayton First semester 2009 (Day)
Synopsis
Economic policy as it affects business, particularly in relation to its dealings with consumers, and with emphasis on Australian industry and regulation; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, corporatisation, privatisation and deregulation; criteria for efficient industry and efficient industry policy; methods for the practical analysis of the performance of industries.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC3840 - Mathematical economics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Dyuti Banerjee
Offered
Clayton Second semester 2009 (Day)
Synopsis
The unit will cover, in mathematical terms, many of the areas treated more intuitively in first-year microeconomics, eg: consumer demand, the theory of the firm, equilibrium and Pareto optimum. However, a significant portion of the lectures will deal with topics not covered earlier, such as non-linear programming, game theory, and dynamic optimisation.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC2000 or equivalent
Prohibitions
ECC3850 - Economics pre-honours
SCA Band 3, 0.000 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Vai-Lam Mui
Offered
Not offered in 2009
Synopsis
This is an unweighted unit. An honours grade qualifies a student to proceed to fourth-year honours.
Assessment
Based on the student's performance in all third-year subjects
Prerequisites
Available only to students eligible to take honours in the Department of Economics (economics stream)
Co-requisites
ECC3855 and normally five other third-year economics units
ECC3860 - Integrated economic modelling
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Simon Angus
Offered
Not offered in 2009
Synopsis
The aim of this unit is to enable students to understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development, and to enable them to design and undertake integrated modelling exercises for themselves. A complex systems science perspective will be adopted, introducing Agent-Based Modelling (ABM) as a flexible and powerful tool for exploring solutions to complex real-world problems. The ABM approach will be demonstrated and critically assessed through several interdisciplinary, integrated economy/sustainability models. Additionally, a flexible ABM modelling platform (NetLogo) will be introduced and demonstrated.
Objectives
The learning goals associated with this unit are for students to:
- understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development
- comprehend and critically assess the complex systems perspective
- critically evaluate agent-based models and their outputs
- develop and analyse an agent-based model of an integrated modelling problem
- undertake verification, validation, evaluation and assessment of integrated modelling outputs
- apply integrated modelling approaches to real-world interdisciplinary economic problems.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
39 contact hours
Prerequisites
Students must have passed ETC1000 before undertaking this unit
Co-requisites
It is recommended that students study ECC2800 Prosperity, poverty and sustainability in a globalised world
ECC4364 - Economics of climate change
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Peter Forsyth
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
This unit gives students an understanding of the economic dimensions of climate change. It does this by examining how climate change directly will impact on economies, and by examining how climate change mitigation policies, such as emissions trading schemes will impact on economies. It discusses and evaluates Australia's approaches to climate change mitigation. Finally, the subject explores the problems in securing international agreement for action to address climate change.
Objectives
The learning goals associated with this unit are to:
- provide students with an understanding of the possible impacts of climate change on economies
- analyse the economic costs of climate change, and how industries can adapt to climate change at minimum cost
- provide students with an understanding of how economic instruments such as carbon taxes and emissions trading schemes can mitigate climate change
- analyse how key industries such as electricity and transport can respond to climate
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
Co-requisites
ECC4365 - Applied general equilibrium economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Mark Picton
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
The theory and applications of applied general equilibrium modelling. Introduction to associated issues in data compilation and computing. The study uses elementary calculus and matrix algebra.
Assessment
Within semester assessment: 20%
Examination (3 hours): 80%
Contact hours
Two 1.5-hour lecture/tutorials per week
Prerequisites
ECC2000 and ECC2010 or equivalent; or permission
Prohibitions
ECC4366 - Monetary economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Larry Cook
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
Economics of financial assets, markets, intermediaries, regulation and innovation; money aggregates; behaviour of interest rates; loan funds analysis; risk and term structure of interest rates; adverse selection and moral hazard; independence of central banks; determinants of the money supply and the conduct of monetary policy in Australia; theories of money demand; money supply and economic activity; Keynesian-monetarist debate; transmission mechanisms of monetary policy; money and inflation; monetary implications of budget deficits; volatility in foreign exchange markets; the international financial system; capital controls; role of the IMF; international monetary policy strategy.
Assessment
Within semester assessment: 25%
Examination (2 hours): 75%
Contact hours
Two 1.5-hour lecture/tutorials per week
Prerequisites
ECC2000 and ECC2010 or equivalent
Prohibitions
ECC4367 - Economics of developing countries
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Pushkar Maitra
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit provides an analytical framework for studying economic problems of developing countries. We will examine how standard economic theories apply in the presence of market failures and weak formal institutions that characterise developing countries. The key focus is on general problems facing developing countries rather than any specific country or region. It examines specific issues and policy problems that are currently faced by developing nations, including issues such as inequality, poverty, population growth, rural-urban migration, human capital accumulation, gender bias, markets in developing countries, credit constraints and risk and insurance.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC4369 - International economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Daniel Mulino
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
Investigation of economic interaction between countries in the context of international exchanges of commodities and assets. Topics include the balance of payments, nominal and real exchange rate determination, international capital movements, foreign debt, structural reform and adjustment policies in the open economy, the gains from international trade, inter-industry trade, tariff policies.
Assessment
Within semester assessment: 20%
Examination (2 hours): 80%
Contact hours
3 hours per week
Prerequisites
ECC2000 and ECC2010 or equivalent
Prohibitions
ECC4371 - Labour economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Dyuti Banerjee
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
Contrasting theoretical models of the labour market, with emphasis on the neo-classical model, wage efficiency model and internal labour markets; analysis of the role of trade unions in the labour market; theory of discrimination in the labour market; contrasting theoretical views of the Phillips curve; application of this analysis to a discussion of issues with an emphasis on contemporary issues such as labour market flexibility, discrimination and unemployment.
Assessment
Within semester assessment: 35%
Examination (2 hours): 65%
Contact hours
3 hours per week
Co-requisites
Students must be enrolled in course 0181, 0024 or 0171to undertake this unit
Prohibitions
ECC4380 - History of economic thought
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Michael White
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
The work of Richard Cantillon, David Hume, Adam Smith, David Ricardo, Thomas Malthus and Karl Marx with special reference to the economics of value, distribution and accumulation. The work of W S Jevons, Alfred Marshall and J M Keynes with special reference to economic policies proposed by those writers.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Any two second-year economics units
Prohibitions
ECC4381 - Public finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Matthew Dobra
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
The relationship between the public and private sectors is explored from the perspective of both public finance and political economy. Theories of public expenditure and revenue generation are introduced to assess the proper scope of the public sector. Additionally, theories of public choice are presented to examine the effectiveness and decision-making process of the public sector.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC4383 - Competition and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Peter Forsyth
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
Economic policy as it affects business, particularly in relation to its dealings with consumers, and with emphasis on Australian industry and regulation; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, corporatisation, privatisation and deregulation; criteria for efficient industry and efficient industry policy; methods for the practical analysis of the performance of industries.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECC4384 - Mathematical economics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor Christis Tombazos
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
The unit will cover, in mathematical terms, many of the areas treated more intuitively in first-year microeconomics, eg: consumer demand, the theory of the firm, equilibrium and Pareto optimum. However, a significant portion of the lectures will deal with topics not covered earlier, such as non-linear programming, game theory, and dynamic optimisation.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC2000 or equivalent
Prohibitions
ECC4650 - Microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor Christis Tombazos
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
Topics include consumer preference theory; choice; demand; technology; profit maximisation and duality; competitive general equilibrium in the context of decreasing, increasing and constant returns; two-part tariffs; expected utility; adverse selection; and moral hazard.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
ECC4660 - Macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Steph Miller
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
Contemporary macroeconomics and recent policy debates, including market clearing and long-run equilibrium; classical dichotomy; money in the global economy; aggregate demand and price rigidity, microfoundations of macroeconomics, disequilibrium models; stock-flow interactions; wealth effects; rational expectations; policy ineffectiveness and Ricardian equivalence; money and credit; exchange rate regimes; new Keynesian macroeconomics; comovements of macro variables and macroeconomic forecasting.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
ECC4670 - Economic development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Pushkar Maitra
Offered
Clayton First semester 2009 (Day)
Synopsis
Characteristics and experience of developing countries; theories of economic growth and development; domestic and external sources of financial and human resources for development; the roles of international trade, investment, technology manufacturing and government in the development process.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECC4690 - International trade
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor Christis Tombazos
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
Topics include the gains and costs of trading internationally; static and dynamic welfare effects of protection; the political economy of international trade policy; optimum policies in the presence of market power, uncertainty, and other market imperfections; trade policy instruments; strategies for trade liberalisation including regional trade agreements.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC4700 - Competition, regulation and policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Peter Forsyth
Offered
Australia (Other) First semester 2009 (Off-campus Evening)
Synopsis
Outline of the Australian and overseas approaches to competition policy; the economic background to the Trade Practices Act; market definition issues; evaluation of restrictive trade practices and mergers or alliances; structural reform of industries, access and monopoly regulation.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prohibitions
ECC4710 - Post-Keynesian economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Mike White
Offered
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
Topics include Keynes' aggregate demand and supply analysis and critique of automatic adjustment in the economy; the significance of an endogenous money supply for inflation; credit, speculation and financial instability; the national saving debate; investment and income distribution; the Phillips Curve and hysteresis.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
ECC4720 - Law and economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Russell Smyth
Offered
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
The unit applies the method of economics to the analysis of the law itself - to the structure of the common law, legal processes, legal institutions and statutory regulation, and to the impact of law on the behaviour of individuals and groups and the functioning of the economy. Topics include: is there a role for law and economics in studying the law, economics of crime and capital punishment, punitive damages, interest group theories of judicial independence and the determinants of judicial influence and prestige.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Co-requisites
Students must be enrolled in course code 0181, 0024 or 0171 to undertake this unit
Prohibitions
ECC4750 - Financial economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Steph Miller
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
Theories of hedging and speculation; determination of spot and futures prices, and intertemporal allocation; market efficiency; expectations, including adaptive expectations and rational expectations.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week
Prerequisites
ECC4650 or equivalent
Prohibitions
ECC4790 - Project evaluation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Peter Forsyth
Offered
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
Topics include development and application of microeconomic theory for the economic evaluation of (public) sector investment projects and policies; investment analysis and criteria, discounting techniques; Pareto potential improvement criterion, shadow pricing, social discount rates, distribution issues, secondary benefits, risk and uncertainty, cost-effectiveness.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECC4650 or equivalent
Prohibitions
ECC4810 - Public economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Birendra Rai
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
Models of decision making in the collective setting, utilising a number of tools, some of which will be familiar microeconomic ones. Economic approaches to collective decision environments, including 'new welfare economics', the 'Chicago' and 'Virginia' schools. Whenever possible, Australian policies will be examined in light of theory.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC4830 - Welfare economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Yew-Kwang Ng
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
A study of theories in welfare economics, including conditions for Pareto optimality, welfare criteria, social choice, consumer surpluses, second versus third best, externalities and public goods as well as problems of applying these theories to such areas as public utility pricing, optimal taxation, road congestion, environmental protection, and public spending.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
ECC4840 - Industrial organisation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Dyuti Banerjee
Offered
Clayton Second semester 2009 (Day)
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
Theories of the firm, contract, property rights structure, market structure, hierarchy, bargaining, principal-agent relationship, research and development, advertising, and entry, exit, and pricing strategy. The equilibrium implications of the internal organisation of a firm and the organisational structure of the market in relation to strategic interactions between agents, information problems and related incentive mechanisms. Basic game theory and concepts of game equilibrium applied to the analysis of opportunistic behaviour and related transactions costs.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC2830
Prohibitions
ECC5484
ECC4860 - Applied economics research paper
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor He-Ling Shi
Offered
Clayton Full year 2009 (Day)
Clayton Second semester to First semester 2009 (Day)
Australia (Other) Full year 2009 (Off-campus block of classes)
Australia (Other) Second semester to First semester 2009 (Off-campus block of classes)
Synopsis
Topics for seminar presentation are selected in consultation with the coordinator. A list of possible topics will be distributed but students are encouraged to propose subjects of interest to them, based in their own discipline. Students present one paper, act as formal discussant on another, and are expected to engage in discussion of others.
Assessment
Within semester assessment: 100%
Contact hours
One 1.5-hour seminar per week
Prerequisites
Admission to fourth year honours, Graduate Diploma in Economics or preliminary masters in the Departments of Economics, Econometrics or Accounting and Finance
ECC4870 - Health economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Jeff Richardson and Ms Jenny Watts
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
A survey of theoretical issues in the economics of health systems and the major health policy issues confronting Australia. Emphasis is given to theories which differ from economic orthodoxy. Topics include market characteristics; market failure and regulation; equity and issues of social justice; demand analysis and human capital; the production of health and health care; theories of price formation; hospital models and hospital payment; optimal health insurance; and alternatives to Medicare.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
ECC4990 - Economic evaluation of health services
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Mr Anthony Harris
Offered
Australia (Other) Second semester 2009 (Off-campus block of classes)
Synopsis
Principles and techniques used in the economic evaluation of health services. Topics include effectiveness, efficiency and economic evaluation; cost benefit analysis; cost effectiveness and cost utility analysis; multi-attribute utility analysis; measuring utility; psychometric measurement theory; ethical issues in resource allocation; decision criteria; time discounting; costing.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECF1100 - Microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr George Rivers
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Economics as an area of knowledge. Economics in a business degree. Understanding economic policy. An analysis of markets: supply and demand; consumer behaviour; firm behaviour; cost of production and profit maximisation; behaviour of firms in different market structures; evaluation of market capitalist economic systems, economic efficiency, market failure, government failure; current economic policies, competition policy, privatisation and the funding of education.
Assessment
Within semester assessment: 50%, Examination (2 hours): 50%
Contact hours
3 hours per week
Prohibitions
ECF1200 - Macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr James Ang
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect of fiscal and monetary policies on business outcomes. Key strategic variables affecting decision making in the macro business environment are interest rates, inflation and the Australian dollar.
Objectives
The learning objectives of this unit are to:
- understand and evaluate the importance of factors that determine aggregate output, employment, interest rates, the average price level and the exchange rate
- appreciate the influence of these factors on decision making in government, business and international trade.
Assessment
On-campus -- Within semester assessment: 30%
Examination (2 hours): 70%
Distance -- Within semester assessment: 20%
Examination (2 hours): 80%
Contact hours
3 hours per week
Prohibitions
ECF2331 - Monetary theory and policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Siang Ng
Offered
Caulfield First semester 2009 (Day)
Synopsis
Economic factors that are of major interest to bankers and others operating in the finance industry. The role of money in influencing economic activities. Implementation and operation of monetary policy, the relationship of exchange rates to monetary policy, the major factors determining movements in interest rates and exchange rates in both the intermediate and long terms, and important issues in monetary theory (the study of the effect of money on the economy) will be examined. The role of interest rates in the working of the macro business environment.
Assessment
Distance -- Within semester assessment: 30%
Examination (2 hours): 70%.
On-campus -- Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECF2450 - Sports economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ross Booth
Offered
Caulfield Second semester 2009 (Day)
Synopsis
This unit will cover: demand for sport, sports revenues, the economics of sports broadcasting, the pricing of sports events; why professional team sports leagues form, whether clubs are profit maximisers or win-maximisers, remedies for competitive imbalance such as player drafts, salary caps and revenue sharing, the role of player associations in professional sport; government subsidies in sport, the economic impact of sports events, stadium financing; case studies of professional team sports leagues in Australia, North America and Europe; globalisation in professional sport, future directions in sport.
Objectives
The learning goals associated with this unit are to:
- examine the so-called 'peculiar' characteristics of sports markets and the policy conclusions that follow
- analyse the role economic incentives play in determining the behaviour of controlling bodies, leagues, clubs, players, fans, sponsors, the media and government
- compare and contrast the key features of various sports markets in Australia and overseas
- apply the skills learnt to solve problems faced by sports businesses
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECF2721 - Trade finance and foreign exchange
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Mita Bhattacharya
Offered
Caulfield First semester 2009 (Day)
Synopsis
International finance; the balance of payments accounts; the effect of macroeconomic policies on trade balance; foreign exchange markets -- spot, forward, futures and options markets; the determination of exchange rates; parity conditions; hedging and speculating in foreign exchange markets and exposure, foreign investment; euromarket; aspects of short-term and medium-term financing and international monetary system.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECF3120 - Consumer economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Rebecca Valenzuela
Offered
Caulfield First semester 2009 (Day)
Synopsis
This unit introduces economic principles underlying consumer choice and market demand; describing consumer preferences, indifference curves and budget constraints, with particular emphasis on the role of prices as conveyors of information. It introduces economic tools and concepts for the analyses of consumption choices over time, under uncertainty and/or with risk, and in markets with asymmetric information. Other topics include work-leisure choice, wage changes and the supply of labour, and the provision of public goods and environmental goods. An examination of observed economic and social outcomes from the point of view of various normative criteria completes the coverage.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECF3731 - Managerial economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Birendra Rai
Offered
Caulfield First semester 2009 (Day)
Synopsis
Students will deepen their knowledge of the differing views of the firm. Topics include: the firm within a capitalist economic system; the macroeconomic constraints on the firm; the market structural constraints on the firm; differing perspectives of the firm - the conventional economic, technological view, the accounting, management and marketing views, the recent transaction costs and new classical view; how these different areas explain current issues such as downsizing and electronic commerce.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECW1101 - Introductory microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mrs Judith Tennant
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
An introduction to the study of economics; consumer behaviour; demand and supply and the operation of markets; market efficiency and welfare; welfare effects of international trade; public sector economics; the behaviour of firms and the organisation of an industry; market structures -- perfect competition and monopoly; economies of the labour market.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
ECW1102 - Introductory macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Jaai Parasnis
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
An introduction to the study of economics from a macroeconomic perspective including the following areas of study: trade in a global village, GDP as National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, aggregate demand and supply in the short and long run, monetary and fiscal policy including the related debates and in particular Australia as an open economy.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
ECW2141 - Economics of labour markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Jaai Parasnis
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
Topics include the supply of and the demand for labour, education and training, the operation of labour markets, including the role of institutions in the labour market, wage relativities, disadvantaged groups in the labour market, and the role of trade unions. Also included is a study of the macroeconomic implications of wage changes and a consideration of wages policy. Special attention is given to the current labour market conditions.
Objectives
The learning goals associated with this unit are to:
- understand the operation of labour markets by drawing on basic economic principle
- think critically about the implications of labour market activity for society
- recognise the issues involved in labour market activities through a consideration of issues such as unemployment and labour market disadvantage
- apply analytical skills developed through an analysis of continuing change in the labour market and labour market policy.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECW2450 - Sports economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Peter Schuwalow
Offered
Peninsula First semester 2009 (Day)
Synopsis
This unit will cover: the demand, supply and pricing in the sport industry, sports revenues; whether clubs are profit-maximisers or win-maximisers, competitive imbalance in sport such as player drafts, salary caps and revenue sharing, the sport industry, including government subsidies, private delivery of sport and sport participation, the economic impact of sports, stadium financing; labour markets and sport, regulation of sports, international issues, future directions of the sport industry.
Objectives
The learning goals associated with this unit are to:
- identify the 'peculiar' characteristics of sports markets and the relevant policy prescriptions that follow
- gain an understanding of the role of economic incentives in determining the behaviour of the various stakeholders -- controlling bodies and leagues, clubs/teams, players, fans, sponsors, the media and the government -- in determining outcomes in different sports markets
- acquire knowledge of the nature of several specific sports markets in Australia and overseas, and of the relative merits of different approaches to solving contemporary problems in those sports markets.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECW2451 - The business of sport
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Lionel Frost
Offered
Peninsula Second semester 2009 (Day)
Synopsis
Sport is a major industry in Australia and overseas. The unit will use a mixture of economic theory, economic history and the study of institutions to explore the business issues faced by the sport industry. Throughout the unit, case studies of several sports, notably Major League Baseball, professional boxing, the English Premier League (soccer), and the Australian Football League, will be used to explore these issues in depth.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECW2600 - Tourism economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Neelu Seetaram
Offered
Berwick First semester 2009 (Day)
Synopsis
The components of the tourism industry (accommodation, travel companies, air transport etc.) and their significance in the economy. Tourism enterprises and the supply conditions of the industry, including aspects of finance and investment. The demand for tourism and tourism forecasting. The impacts of the growth of tourism demand on the economy. Tourism's impact on the environment. Tourism policy issues, including taxation of tourism, promotion, foreign investment and international aviation policy.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECW2721 - Trade finance and foreign exchange
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Siang Ng (Peninsula); Dr Muthi Samudram (Malaysia)
Offered
Gippsland First semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Synopsis
The importance of international finance; foreign exchange markets -- spot, forward, futures and options markets; the determination of exchange rates; purchasing power parity and interest rate parity; hedging and speculating in foreign exchange markets, Eurodollars and Euro-currencies; aspects of short term and long term financing; operating exposure.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECW2730 - Macroeconomic policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ratbek Dzhumashev
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
South Africa First semester 2009 (Day)
Synopsis
Macroeconomic policy as it affects the open economy; policy consequences of consumption and investment decisions; analysis of policies with respect to the real exchange rate and trade balance; policy responses to assets price movements; policy goals under different international monetary systems; the economic benefits and costs of optimum currency areas; how policy-makers in Australia try to stabilise the economy.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
Prohibitions
ECW2120
ECW2731 - Managerial economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Vinod Mishra
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Sunway Summer semester A 2009 (Day)
Singapore Second semester 2009 (Off-campus)
South Africa Second semester 2009 (Day)
Synopsis
This subject reviews the contemporary microeconomic principles in the context most relevant to business people. Market processes, demand patterns, cost structures, market conditions, pricing policies, and the impact of regulation on business decisions are discussed. Cases and problems from the prescribed text, Australian media, and online resources illustrate how economic concepts can be applied to specific industries. Analytical techniques and quantitative tools link the concepts to measurement and managerial decision-making.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECW3121 - Economics of international trade and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Vinod Mishra (Berwick); Ms Svetlana Maslyuk (Gippsland)
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
South Africa Second semester 2009 (Day)
Synopsis
The pure theory of international trade. Trade and income distribution, economic growth and changes in trade, bases for trade and gains from trade. Trade policy. Tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. The foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECW1102 and ECW2120 or ECW2731 or equivalent
Prohibitions
ECW3143 - Economics of money and banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ratbek Dzhumashev
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
South Africa Second semester 2009 (Day)
Synopsis
The concept of money, the financial system and financial intermediation, the nature and roles of the Reserve Bank, banks and non-bank financial institutions. The role and interaction of financial markets and the determination of interest rates, foreign exchange markets and the determination of exchange rates, the interaction between foreign exchange and money markets and implication for policy and APRA's prudential regulation.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECW3146 - Regional development and policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Lionel Frost
Offered
Berwick First semester 2009 (Day)
Synopsis
The study of processes shaping the economic growth and development of regions, especially policy issues from Australian and international perspectives. Factors determining the structure of a regional economy; reasons for regional disparities in growth and development; factors explaining regional employment and wage differentials; aims and instruments of regional policy; limitations of governments' involvement in regional development; how a specific of regional development affects business strategies; international experience in regional development and policies.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECW1102 and ECW2120 or ECW2731 or equivalent
Prohibitions
ECG9146
ECW3150 - Natural resources and environment
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Lionel Frost
Offered
Not offered in 2009
Synopsis
Economic systems and environmental problems. Suitability of the market system to deal with environmental problems. The need for government intervention. Microeconomic principles and decision making in the management of privately and publicly owned renewable and non-renewable natural resources. International, national and regional policies addressing natural resources and environment.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60 %
Contact hours
3 hours per week
Prerequisites
ECW1102, ECW2120 or ECW2731 or equivalent
Prohibitions
ECG9150
ECW3291 - Multinational trade and investment
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Michael Yap
Offered
Not offered in 2009
Synopsis
Multinational corporations and their role in the international economy; theories of international trade and the characteristics of Australia's role in the international economy; theories of internationalisation of firms; forms of international business; the impact on trade patterns of foreign direct investment; locational choice for multinational corporations; regional trade groups and their impact on trade and investment; the institutional environment of international business including the World Bank and World Trade Organisation.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECW3301 - Case studies in international trade
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Jaai Parasnis
Offered
Sunway First semester 2009 (Day)
Peninsula First semester 2009 (Day)
Synopsis
Students will deepen their knowledge of Australia's traditional and emerging trading partners through lectures and contact with business people who have successful records in this field; case studies of particular countries covering economic, legal and financial aspects, will be undertaken in depth; successful Australian exporters will be examined; practical visits to operating entities to bring the topic to life.
Objectives
The learning goals associated with this unit are to:
- understand Australia's traditional and emerging trading partners
- understand the process of international trade, the parties involved and their functions
- be able to argue a point of view in a structured setting and to question and participate in a team environment
- develop a professional attitude whilst interfacing with industry practitioners
- acquire knowledge of the application of the case study method of study.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
ECF3301
ECW3830 - Competition and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Gennadi Kazakevitch
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
South Africa First semester 2009 (Day)
Synopsis
Economic policy as it affects business, particularly in relation to its dealings with consumers, the variety of approaches to competition and regulation policies form the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, corporatisation, privatisation and deregulation; criteria for efficient industry and efficient industry policy; methods for the practical analysis of the performance of industries.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECW2120 or ECW2731 or equivalent
Prohibitions
ECX2123 - Economics of innovation and high technology
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Gennadi Kazakevitch
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Singapore Second semester 2009 (Off-campus)
Synopsis
This unit examines the contribution of information and electronic commerce technologies and products in a range of organisational contexts and the means of assessing the impact of these technologies and products using both qualitative and quantitative measures. Topics to be covered include: IT and EC products, costs, pricing and impact; frameworks for decision making; impact on monetary and payment systems; risk analysis; project justification; cost management; financial guidelines; system evaluation measures and estimates of benefits.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ECX2550 - Business in Asia
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Wenli Cheng
Offered
Caulfield Second semester 2009 (Day)
Caulfield Summer semester A 2009 (Day)
Synopsis
The recent economic and social development of selected Asian countries, especially the role of the business sector. Topics include entrepreneurship; technological change; the dynamics of comparative advantage; import substitution versus export-oriented industrial growth; the development state; the stages of business growth.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
ECF1100, ECF1200, ECW1101, ECW1102, ECC1000 or ECC1100
Prohibitions
ECC2550, ECC3550, ECF3550
ECX3550 - Business in Asia
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Wenli Cheng
Offered
Caulfield Second semester 2009 (Day)
Caulfield Summer semester A 2009 (Day)
Sunway Second semester 2009 (Day)
Synopsis
The recent economic and social development of selected Asian countries, especially the role of the business sector. Topics include entrepreneurship; technological change; the dynamics of comparative advantage; import substitution versus export-oriented industrial growth; the development state; the stages of business growth.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
ECF1100, ECF1200, ECW1101, ECW1102, ECC1000 or ECC1100
Prohibitions
ECC2550, ECC3550, ECF3550, ECW3550
ECX3900 - Business economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Mita Bhattacharya
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Business in Australia; objective; different forms; demand and cost structure; capital structure; structure-conduct-performance paradigm; industry structure; diversification and vertical integration; barriers to entry of firms; advertising; research and development; innovation; industry and trade policies; effects of policies on international markets with emphasis on Asian market; regulations of businesses and functions of regulatory bodies; the performance of public and private sector.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECX4000 - Reading subject
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit allows flexibility to explore various directions in the discipline in a more formal setting that is guided by staff expertise.
Assessment
Continuous assessment and a three-hour examination or equivalent.
Prohibitions
ECC4000
ETC1000 - Business and economic statistics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Phillip Edwards, Dr Neil Diamond
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
An introduction to descriptive statistics -- the collection, organisation, presentation and analysis of grouped and ungrouped data using measures of location and dispersion; the construction of index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiople regression, with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals, testing a hypothesis, including analysis of variance.
Objectives
The learning objectives of this unit are to:
- interpret business and economic data using descriptive statistics techniques
- construct and interpret index numbers
- describe the concept of a sampling distribution, estimators and their properties
- use P values to make inference on single population means for business and economic decision-making
- interpret and evaluate relationships between variables for business and economic decision-making using simple linear regression
- apply the main ideas of probability theory, discrete and continuous probability distributions to business and economic decision-making.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
Two 1-hour lectures and one 1.5 hour tutorial per week
Prohibitions
ETW1000, ETW1102, ETX1100, ETX9000, FIT1006, STA1010, SCI1020
ETC1010 - Data modelling and computing
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Lee Gordon-Brown; Dr Phillip Edwards; Associate Professor Mark Harris; Professor Brett Inder
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Introduction to principles and techniques for modelling business and economic data. Modelling in business and finance using computers, spreadsheet modelling of business problems, organising and accessing data efficiently. Modelling in economics and finance, multiple regression as a tool for modelling macroeconomic and microeconomic decisions, elasticities and statistical evaluation of policy, time series modelling with application to finance. Introduction to Actuarial Studies as an approach to building quantitative models of risk.
Objectives
The learning goals associated with this unit are to:
- apply principles and techniques of data management with computers and spreadsheet modelling to business and economic decision-making
- interpret and evaluate relationships between variables using simple and multiple linear regression
- apply statistical techniques for making decisions with quantitative and categorical data in business and economics.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
Two 1-hour lectures and one 1.5 hour tutorial per week
Prerequisites
Prohibitions
ETC2000 - Intermediate microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Theory of consumer choice, including applications to income-leisure choice and intertemporal consumption; isoquant theory of production; allocative efficiency and competition and monopoly; models of monopolistic competition and oligopoly; input pricing; microeconomic policies to address problems of market failure.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC1000 or permission
Prohibitions
ETC2110 - Intermediate macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
Keynesian macroeconomics; the open-economy, IS-LM framework and the aggregate demand-aggregate supply framework as a basis for more advanced macroeconomic analysis; principles of monetary and fiscal policy and problems of implementation; alternative theories of aggregate supply; new classical macroeconomics and the implications of imperfect information; new Keynesian macroeconomics and the implications of labour market rigidities; explaining and correcting inflation and unemployment.
Assessment
Within semester assessment: 20%
Examination (2 hours): 80%
Contact hours
Two 1-hour lectures and one 1-hour tutorial
Prerequisites
ECC1100 or ECC2100
Prohibitions
ETC2410 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Brett Inder, Dr Phillip Edwards and Dr George Athanasopoulos
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Objectives
The learning objectives of this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Prohibitions
ETC2430 - Actuarial statistics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Phillip Edwards
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit will introduce students to some of the techniques used in actuarial work, and will give an overview of some of the areas in which actuaries are currently involved. The student is introduced to the basic concepts involved in assessing risk and pricing insurance products, and to this end will gain experience in using past data to model survival and in using a simple model of compound interest to value financial transactions.
Objectives
The learning goals associated with this unit are to:
- understand the concepts and techniques used in actuarial work
- construct demographic statistics, life tables and exposed to risk tables
- model mortality rates
- price insurance products and determine reserves.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed the following two units: ETC1000 and ETC1010
ETC2440 - Mathematics for economics and business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Ralph Snyder and Mr John Stapleton
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit introduces mathematical techniques that are invaluable tools for econometrics, economics, finance, and business. Topics covered include: matrix algebra; linear simultaneous systems; Eigen values and singular value decompositions; optimisation, including the Lagrange multiplier method; partial differentiation; multiple integration; difference and differential equations. Some emphasis will be given to the use of computer programs for performing matrix calculations and symbolic manipulation.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Prohibitions
ETC2450 - Applied forecasting for business and economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Catherine Forbes and Associate Professor Ralph Snyder
Offered
Clayton First semester 2009 (Day)
Synopsis
Reliable forecasts of business and economic variables must often be obtained against a backdrop of structural change in markets and the economy. This unit provides a practical introduction to methods suitable for forecasting in these circumstances including the classical decomposition of time series, exponential smoothing, Box-Jenkins ARIMA modelling, and regression with auto-correlated disturbances. It also provides an introduction to applied multiple regression analysis. Students can expect to enhance their computer skills with exercises using advanced features of Microsoft Excel and an econometrics package.
Assessment
Within semester assessment: 40%
Examinations (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
ETC2470 - Applied business modelling
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Ralph Snyder
Offered
Clayton Second semester 2009 (Day)
Synopsis
Computer business models in decision making are the primary focus of this unit. Their potential application in controlling operations and supply chains is explored. Mathematical and statistical methods needed in the construction of business models are examined. An introduction is provided to decision making under risk, Monte Carlo simulation, inventory control, replacement theory, multi-level production systems and supply chains. Computing is undertaken with Microsoft Excel and special purpose add-ins.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Prohibitions
ETC3480
ETC2480 - Business modelling methods
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Lee Gordon-Brown
Offered
Clayton First semester 2009 (Day)
Synopsis
Topics include business modelling with spreadsheets; the methodology of business modelling; linear programming; transportation and assignment problems; integer programming; network models and project scheduling problems.
Objectives
The learning goals associated with this unit are to:
- describing business models using concept diagrams and mathematical programming formulations
- formulating, solving and interpreting business problems with linear programming using graphical methods, Excel Solver, duality, sensitivity, and Simplex method
- formulating, solving and interpreting business problems with integer programming using branch and bound and Excel Solver
- analysing simple problems using transportation simplex, assignment method, project management networks, and network flow techniques.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour practice class per week
Prerequisites
Prohibitions
ETC2500 - Marketing research analysis
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Neil Diamond and Professor Felix Mavondo
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit introduces sample survey methods, statistical techniques for the analysis of survey data and also introduces qualitative research techniques. It provides students with the knowledge and skills required to understand the role research methods play in problem identification, decision making, strategy development, marketing planning and the evaluation of marketing performance.
Objectives
The learning goals associated with this unit are to:
- understand the nature and scope of marketing research, and its role in business decision making
- understand the difference between qualitative, quantitative, descriptive and causal research
- design, undertake and analyse sample surveys, report and present their results
- use various data analysis techniques
- develop competence in using a statistical package (SPSS).
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Prohibitions
ETC2520 - Probability and statistical inference for economics and business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Giovanni Forchini
Offered
Clayton First semester 2009 (Day)
Synopsis
An introduction to probability and statistical inference for use in economics and business. Topics covered include random variables, moments and cumulants generating function, discrete and continuous distributions, independence, jointly distributed random variables, conditional random variables, the central limit theorem, sampling distribution, properties of estimators, confidence intervals, tests of hypotheses.
Objectives
The learning goals associated with this unit are to:
- understand concepts of probability, statistical inference, generating functions and cumulants
- derive and use generating functions to evaluate moments and establish the distribution of linear combinations of independent random variables
- understand and apply the main methods of estimation and the main properties of estimators
- construct confidence intervals for unknown parameters and test hypotheses
- develop written, presentational and group work skills through a series of assessed essays, assignments and tutorial work.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
ETC3400 - Principles of econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Gael Martin
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit provides a formal treatment of the core principles underlying econometric and statistical analysis, with particular focus given to likelihood-based inference. Topics covered include the likelihood principle and maximum likelihood estimation; minimum variance unbiased estimation; maximum likelihood asymptotic distribution theory; likelihood-based hypothesis testing; and quasi-maximum likelihood inference. The theoretical developments are supplemented by numerical results produced using computer simulation. Consideration is also given to the numerical optimisation techniques used to implement likelihood-based procedures in practice.
Objectives
The learning goals associated with this unit are to:
- consolidate the core principles underlying econometric and statistical analysis
- understand and implement the technique of maximum likelihood estimation and develop an appreciation of the associated asymptotic distribution theory
- understand and implement likelihood-based hypothesis testing and quasi-maximum
- develop the skills needed to demonstrate and explore theoretical sampling properties using computer simulation.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed ETC2400, ECC2410, ETC2410 or ETC3440 before undertaking this unit
Prohibitions
ETC3410 - Applied econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr John Stapleton
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Objectives
The learning goals associated with this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable
- conduct statistical inference in statistical models with one or more endogenous explanatory variables
- conduct statistical inference in a system of simultaneous equations
- conduct statistical inference on data that has both a time series and a cross section dimension.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed one of the following before undertaking this unit. ECC2410, ECC3410, ETC2400, ETC2410, ETC3440, ETC3444
Prohibitions
ETC3420 - Bayesian modelling and risk analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Don Poskitt
Offered
Clayton Second semester 2009 (Day)
Synopsis
To provide a further grounding in mathematical and statistical techniques of particular relevance to insurance and financial work.
Objectives
The learning goals associated with this unit are to:
- explain the concepts of decision theory and apply them
- calculate probabilities and moments of loss distributions both with and without limits and risk-sharing arrangements
- construct risk models involving frequency and severity distributions and calculate the moment generating function and the moments for the risk models both with and without simple reinsurance arrangements
- explain the concept of ruin for a risk model
- explain the fundamental concepts of Bayesian statistics and use these concepts to calculate Bayesian estimators
- describe the fundamental concepts of risk rating and apply them to simple experience rating systems
- describe and apply techniques for analysing a delay (or run-off) triangle and projecting the ultimate position
- explain the fundamental concepts of a generalised linear model (GLM), and describe how a GLM may apply
- define and apply the main concepts underlying the analysis of time series models
- explain the concepts of 'Monte Carlo' simulation using a series of pseudo-random numbers.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
ETC3440 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Brett Inder
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Objectives
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Prohibitions
ETC3450 - Time series analysis for business and economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr John Stapleton
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit provides an introduction to modern time series methods. The topics covered include a review of stationary, univariate ARMA models, stochastic and deterministic trends, testing for unit roots, vector auto regressions, multivariate cointegration and error correction models.
Objectives
The learning goals associated with this unit are to:
- model and forecast stationary autoregressive and moving average time series
- test for unit roots in univariate time series
- analyse the relationships between multiple, stationary time series
- test for, estimate and interpret the long run relationships between non-stationary time series.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed either ETC2410 or ECC2410 before undertaking this unit
Prohibitions
ETC3460 - Financial econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Keith McLaren and Dr Catherine Forbes
Offered
Clayton First semester 2009 (Day)
Synopsis
The specification, estimation and testing of asset pricing models, including the capital asset pricing model and extensions; the statistical characteristics of financial data emphasising skewness, kurtosis and volatility aspects; volatility models such as ARCH models of financial time series, with applications to stock prices, derivatives, and exchange rates including the forecast performance of these models.
Objectives
The learning goals associated with this unit are to:
- describe the time series and distributional features of financial data
- explain appropriate specification, estimation and testing of asset pricing models
- evaluate the need for volatility models for financial returns
- describe the specification and estimation of conditional volatility models.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed one of the following units: AFC1100, AFC2000, AFC2100, AFC2140 and also one from the following: ECC2410, ETC2410, ETC3440, ETC4344, ETX9344 or be granted permission, before undertaking this unit.
Prohibitions
ETC3470 - Econometrics pre-honours
SCA Band 3, 0.000 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Gael Martin
Offered
Not offered in 2009
Synopsis
Econometrics students of honours standard are invited to enrol in this unit, which serves as an orientation for honours. The purpose is to obtain a broader appreciation of the role of the honours programme and the use of econometrics and statistics in business and government. Students attend regular meetings with staff members and visiting professionals and academics.
Objectives
The learning goals associated with this unit are to:
- prepare for and provide an understanding of what the honours year involves in terms of subjects, course structure and workload
- describe the role of Quantitative Analysts, Econometricians and Economists in professional roles
- gain an understanding of interview techniques, specifically the questions likely to be asked in an interview and how to negotiate with potential employers.
Assessment
The final mark for this unit is based on satisfactory attendance at the meetings and performance in third-year econometrics units.
Contact hours
Full-year
ETC3490 - Business simulation
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Ralph Snyder
Offered
Clayton Second semester 2009 (Day)
Synopsis
Simulation in a business environment including applications to production and inventory control, finance, investment and sales forecasting; discrete time simulation with Microsoft Excel; queuing theory and discrete event simulation with a special purpose computer package; principles of random number generation and statistical validation methods.
Objectives
The learning goals associated with this unit are to:
- provide insights into the potential role of simulation methods in supporting business decision making under risk and uncertainty
- develop an understanding of the principles of simulation methods
- inculcate an appreciation of the advantages and disadvantages of various simulation methods
- develop the ability to recognise business problem types that can be approached using simulation
- foster skills needed to build simulation models using computers.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial/laboratory per week
Prerequisites
Prohibitions
ETC2490
ETC3500 - Survey data analysis
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Neil Diamond and Professor Felix Mavondo
Offered
Clayton Second semester 2009 (Day)
Synopsis
Introduction to multivariate statistical techniques for the analysis of survey data and models to analyse the discrete choice behaviour of individuals. Topics include multivariate analysis of variance, principal components analysis, factor analysis, correspondence analysis and models of discrete choice behaviour. Statistical software and case studies will be utilised during this subject and students will apply the techniques to a variety of practical problems.
Objectives
The learning goals associated with this unit are to:
- examine exploratory factor analysis and structural equation modelling
- explain how multiple regression and multivariate analysis of covariance can be used to analyse survey data
- examine the use and importance of logistic regression in discrete-choice modelling studies
- critically analyse the role of cluster analysis and multidimensional scaling and correspondence analysis in understanding multivariate data
- apply a statistical package (SPSS) to a range of data.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed ECC2410, ETC2410, ETC2500, ETC3440 or MKC2500 before undertaking this unit
Prohibitions
ETC3510 - Modelling in finance and insurance
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Fima Klebaner and Professor Don Poskitt
Offered
Clayton First semester 2009 (Day)
Synopsis
Mathematical definition of options and other financial derivatives; probability models; mathematical models of random processes; applications; numerical methods; Monte Carlo methods.
Objectives
The learning goals associated with this unit are to:
- develop an understanding of the modern approach to evaluation of uncertain future payoffs
- develop an understanding of the concepts of arbitrage and fair games and their relevance to finance and insurance
- develop an understanding of concept of conditional expectation and martingales and their relation to pricing of financial derivatives
- develop an understanding of the random processes such as Random Walk, Brownian Motion and Diffusions and be able to apply them for modelling real life processes and risk models
- obtain skills to use Ito's formula
- develop the skills to price options by using the Binomial and Black-Scholes models
- ability to simulate the price process and obtain prices by simulation
- ability to formulate discrete time Risk Model in Insurance and use it for control of probabilities of ruin.
Assessment
Within semester assessment: 40%
Examination: 60%.
Contact hours
Three 1-hour lectures and one 1-hour tutorial/practice class per week
Prerequisites
Prohibitions
ETC3530 - Contingencies in insurance and pensions
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Andrew Leung
Offered
Clayton Second semester 2009 (Day)
Synopsis
The modelling and valuation of cash flows dependent on death, survival, or other uncertain risks.
Objectives
The learning goals associated with this unit are to:
- actuarial mathematics and techniques developed in ETC2430 in relation to simple assurance and annuity contracts are developed further allowing for multiple decrement situations, and those involving competing risks. Practical issues arising in the actuarial management of life insurance and superannuation are addressed
- the calculation, using ultimate or select mortality, of net premiums and net premium reserves for increasing and decreasing benefits and annuities
- techniques are developed for the valuation of annuity and assurance products involving two lives, and the use of actuarial functions in that situation
- methods are developed which can be used to model cash flows contingent upon competing risks
- the technique of discounted emerging costs as used in profit tests, pricing assessments and reserving calculations for various insurance and pension products
- practical issues are addressed such as guarantees and options, risk classification and the effects of the pricing and reserving basis on the emergence of profit.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
ETC3840 - Mathematical economics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
The unit will cover, in mathematical terms, many of the areas treated more intuitively in first-year microeconomics, eg: consumer demand, the theory of the firm, equilibrium and Pareto optimum. However, a significant portion of the lectures will deal with topics not covered earlier, such as non-linear programming, game theory, and dynamic optimisation.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC2000 or equivalent
Prohibitions
ETC3860 - Integrated economic modelling
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Brett Parris
Offered
Not offered in 2009
Synopsis
The aim of this unit is to enable students to understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development, and to enable them to design and undertake integrated modelling exercises for themselves. A complex systems science perspective will be adopted, introducing Agent-Based Modelling (ABM) as a flexible and powerful tool for exploring solutions to complex real-world problems. The ABM approach will be demonstrated and critically assessed through several interdisciplinary, integrated economy/sustainability models. Additionally, a flexible ABM modelling platform (NetLogo) will be introduced and demonstrated.
Objectives
The learning goals associated with this unit are for students to:
- understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development
- comprehend and critically assess the complex systems perspective
- critically evaluate agent-based models and their outputs
- develop and analyse an agent-based model of an integrated modelling problem
- undertake verification, validation, evaluation and assessment of integrated modelling outputs
- apply integrated modelling approaches to real-world interdisciplinary economic problems.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
39 contact hours
Prerequisites
Students must have passed ETC1000 before undertaking this unit
Co-requisites
It is recommended that students study ECC2800 Prosperity, poverty and sustainability in a globalised world
ETC4010 - Special reading unit in econometrics honours
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Objectives
The learning goals associated with this unit are to:
- develop an understanding of the key academic literature in a particular area of econometrics or statistical research
- learn how to undertake original research, either theoretical or applied
Prerequisites
It is recommended that students have completed at least three third year econometrics units.
ETC4340 - Principles of econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor Gael Martin
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit provides a formal treatment of the core principles underlying econometric and statistical analysis, with particular focus given to likelihood-based inference. Topics covered include the likelihood principle and maximum likelihood estimation; minimum variance unbiased estimation; maximum likelihood asymptotic distribution theory; likelihood-based hypothesis testing; and quasi-maximum likelihood inference. The theoretical developments are supplemented by numerical results produced using computer simulation. Consideration is also given to the numerical optimisation techniques used to implement likelihood-based procedures in practice.
Objectives
The learning goals associated with this unit are to:
- consolidate the core principles underlying econometric and statistical analysis
- understand and implement the technique of maximum likelihood estimation and develop an appreciation of the associated asymptotic distribution theory
- understand and implement likelihood-based hypothesis testing and quasi-maximum
- develop the skills needed to demonstrate and explore theoretical sampling properties using computer simulation.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed ETC2400, ECC2410 or ETC2410 before undertaking this unit
Prohibitions
ETC3400, ETC3404
ETC4341 - Applied econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Mr John Stapleton
Offered
Clayton First semester 2009 (Day)
Australia (Other) First semester 2009 (Off-campus block of classes)
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Objectives
The learning goals associated with this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable
- conduct statistical inference in statistical models with one or more endogenous explanatory variables
- conduct statistical inference in a system of simultaneous equations
- conduct statistical inference on data that has both a time series and a cross section dimension.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed one of the following before undertaking this unit. ECC2410, ETC2400, ETC2410
ETC4345 - Time series analysis for business and economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Mr John Stapleton
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit provides an introduction to modern time series methods. The topics covered include a review of stationary, univariate ARMA models, stochastic and deterministic trends, testing for unit roots, vector autoregressions, multivariate cointegration and error correction models.
Objectives
The learning goals associated with this unit are to:
- model and forecast stationary autoregressive and moving average time series
- test for unit roots in univariate time series
- analyse the relationships between multiple, stationary time series
- test for, estimate and interpret the long run relationships between non-stationary time series.
Assessment
Within semester assessment: 40%. Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed either ETC2410 or ECC2410 before undertaking this unit
Prohibitions
ETC3450, ETC3454
ETC4346 - Financial econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Keith McLaren and Dr Catherine Forbes
Offered
Clayton First semester 2009 (Day)
Synopsis
The specification, estimation and testing of asset pricing models, including the capital asset pricing model and extensions; the statistical characteristics of financial data emphasising skewness, kurtosis and volatility aspects; volatility models such as ARCH models of financial time series, with applications to stock prices, derivatives, and exchange rates including the forecast performance of these models.
Objectives
The learning goals associated with this unit are to:
- describe the time series and distributional features of financial data
- explain appropriate specification, estimation and testing of asset pricing models
- evaluate the need for volatility models for financial returns
- describe the specification and estimation of conditional volatility models.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed one of the following: AFC1100, AFC2000, AFC2100, AFC2140 and also one from: ECC2410, ETC2410, ETC3440, ETC4344, ETX9344 or be granted permission, before undertaking this unit.
Prohibitions
ETC4349 - Business simulation
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Ralph Snyder
Offered
Clayton Second semester 2009 (Day)
Synopsis
Simulation in a business environment including applications to production and inventory control, finance, investment and sales forecasting; discrete time simulation with Microsoft Excel; queuing theory and discrete event simulation with a special purpose computer package; principles of random number generation and statistical validation methods.
Objectives
The learning goals associated with this unit are to:
- provide insights into the potential role of simulation methods in supporting business decision making under risk and uncertainty
- develop an understanding of the principles of simulation methods
- inculcate an appreciation of the advantages and disadvantages of various simulation methods
- develop the ability to recognise business problem types that can be approached using simulation
- foster skills needed to build simulation models using computers.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial/laboratory per week
Prerequisites
Prohibitions
ETC4350 - Survey data analysis
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Neil Diamond and Professor Felix Mavondo
Offered
Clayton Second semester 2009 (Day)
Synopsis
Introduction to multivariate statistical techniques for the analysis of survey data and models to analyse the discrete choice behaviour of individuals. Topics include multivariate analysis of variance, principal components analysis, factor analysis, correspondence analysis and models of discrete choice behaviour. Statistical software and case studies will be utilised during this subject and students will apply the techniques to a variety of practical problems.
Objectives
The learning goals associated with this unit are to:
- model and forecast stationary autoregressive and moving average time series
- test for unit roots in univariate time series
- analyse the relationships between multiple, stationary time series
- test for, estimate and interpret the long run relationships between non-stationary time series.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Students must have passed one of the following units ETC2400, ECC2410, ETC2410, ETC2430, ETC2450, ETC2500, ETC3440, ETC3444 or MKC2500.
Prohibitions
ETC4351 - Modelling in finance and insurance
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Fima Klebaner and Professor Don Poskitt
Offered
Clayton First semester 2009 (Day)
Synopsis
Mathematical definition of options and other financial derivatives; probability models; mathematical models of random processes; applications; numerical methods; Monte Carlo methods.
Objectives
The learning goals associated with this unit are to:
- develop an understanding of the modern approach to evaluation of uncertain future payoffs
- develop an understanding of the concepts of arbitrage and fair games and their relevance to finance and insurance
- develop an understanding of concept of conditional expectation and martingales and their relation to pricing of financial derivatives
- develop an understanding of the random processes such as Random Walk, Brownian Motion and Diffusions and be able to apply them for modelling real life processes and risk models
- obtain skills to use Ito's formula
- develop the skills to price options by using the Binomial and Black-Scholes models
- ability to simulate the price process and obtain prices by simulation
- ability to formulate discrete time Risk Model in Insurance and use it for control of probabilities of ruin.
Assessment
Within semester assessment: 40%
Examination: 60%
Contact hours
Three 1-hour lectures and one 1-hour tutorial/practice class per week.
Prerequisites
Students must have passed ETC1010 and one of the following before undertaking this unit. ECC2410, ETC2400, ETC2410, ETC2430, ETC2480 or ETC3440
Prohibitions
ETC4384 - Mathematical economics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Offered
Clayton Second semester 2009 (Day)
Synopsis
The unit will cover, in mathematical terms, many of the areas treated more intuitively in first year microeconomics, eg: consumer demand, the theory of the firm, equilibrium and Pareto optimum. However, a significant portion of the lectures will deal with topics not covered earlier, such as non-linear programming, game theory, and dynamic optimisation.
Assessment
Within semester assessment: 30%
Examination (3 hours): 70%
Contact hours
3 hours per week
Prerequisites
ECC2000 or equivalent
Prohibitions
ETC4400 - Econometric theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Don Poskitt
Offered
Clayton First semester 2009 (Day)
Synopsis
The objective of this unit is to outline the general principles that underlie what has become known as the Generalized Method of Moments (GMM). The discussion is motivated by reference to econometric and statistical techniques, and simple practical examples with which students should be familiar. It is shown that GMM finds application in many areas of econometrics and business statistics, and that GMM may be viewed as a methodology that encompasses many econometric and statistical techniques. Broad topic headings are: Classical Method of Moments and Regression (OLS and IV), GMM, Identification, Asymptotic Distribution Theory for GMM, GMM and Optimal Inference.
Objectives
The learning goals associated with this unit are to:
- build upon existing concepts developed in previous courses and to outline the basic principles under-lying what has become known as the Generalized Method of Moments (GMM)
- outline the classical Method of Moments and relationship of Regression to the Method of Moments
- discuss Identification and Asymptotic Distribution Theory in the context of the GMM
- examine GMM in relation to minimum variance unbiased estimation, and GMM based inference
- consider special cases of single equation and simultaneous equations GMM.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1.5-hour lectures per week
Prerequisites
ETC4410 - Applied econometrics 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Keith McLaren and Associate Professor Xueyan Zhao
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit involves a critical review of recent empirical work in econometrics. The topics to be covered include: the specification and estimation of systems of consumer demand equations and producer demand and supply equations, extensions of these methods to other areas, practical applications. On completion of this unit students should be familiar with recent developments in these fields and have developed the skills to undertake empirical work. Further, students should be able to critically evaluate empirical work and related policy implications.
Objectives
The learning goals associated with this unit are to:
- specify the structure of consumer demand systems
- use duality theory to generalise these specifications
- understand the use of appropriate specific estimation techniques
- extend these ideas to producer demand and supply models
- consider a number of empirical applications, and derive policy implications
- become competent in handling demand and production data using econometric software.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1.5-hour lectures per week
Prerequisites
Students must have passed one of the following before undertaking this unit. ECC3410, ETC3400, ETC3410
ETC4420 - Microeconometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor Mark Harris
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit covers specification, estimation and evaluation of a range of statistical models used to analyse (predominantly) micro data in economics, finance and marketing. These include models of discrete data on individual choice behaviour, censored and truncated data and panel data. A hands-on approach is taken, such that the models are illustrated with real-life applications.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1.5-hour lectures per week
Prerequisites
Students must have passed one of the following before undertaking this unit. ECC3410, ETC3400 or ETC3410
ETC4430 - Quantitative economic policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor John Madden
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit covers the theoretical structure and application of computable general equilibrium (CGE) models. Topics include:
- the derivation of the model's non-linear equation system
- evaluation of coefficients and parameters, model closure, specification of economic shocks, solution techniques and interpretation of results.
Objectives
The learning goals associated with this unit are to:
- acquire an understanding of the main elements of the theoretical structure of a computable general equilibrium (CGE) model
- acquire an understanding of how a CGE model is calibrated and implemented on computer
- develop the ability to conduct basic simulations with a comparative-static CGE model
- acquire skills in the analysis of the more readily interpretable model results in terms of model theory, data base, closure and shocks
- develop an elementary understanding of the key features of dynamic CGE models.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1.5-hour lectures per week
Prerequisites
EC
ETC4460 - Financial econometrics 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor Gael Martin and Dr Catherine Forbes
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit introduces students to a range of advanced, current techniques used in analysing financial data. Topics covered include the analysis of the time series and distributional features of financial data; the use of stochastic volatility and realised volatility models to capture time-varying volatility, including long memory in volatility; the use of econometric methods to estimate Value at Risk; the modelling of transactions data using trade duration models and transaction-based volatility models; continuous time processes and the application of econometric techniques to option pricing; and the use of generalised method of moments in financial models.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1.5 hour lectures per week for 11 weeks
Prerequisites
Students must have passed one of the following: ETC3460 or ETC4346 and at least one of: ECC3410, ETC3400, ETC3410, ETC3450, before undertaking this unit.
ETC4480 - Optimization for management
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Dr Lee Gordon-Brown and Associate Professor Ralph Snyder
Offered
Clayton Second semester 2009 (Day)
Synopsis
This subject is directed to students with an interest in business analysis and business modelling. It covers tools such as Solver in Microsoft Excel for optimising business decisions. Modelling skills are enhanced from a study of the logic of optimisation and its application to common business problems. Methods covered include linear programming, network programming, integer linear programming, non-linear programming and dynamic programming.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
Two 1.5-hour lectures per week
Prerequisites
ETC2480 or ETC3480 or equivalent
ETC4541 - Special topics in econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Associate Professor Gael Martin
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit covers methodological developments at the forefront of econometric research. Topics may include Bayesian econometrics, simulation techniques, latent variable models, non-Gaussian time series models, distribution theory, non-parametric inference and panel data models.
Assessment
Within semester assessment: 40%
Examination: 60%
Contact hours
Two 1.5-hour lectures per week
Prerequisites
One from ETC4400, ETC4410, ETC4420 or permission
Prohibitions
ETC4860 - Research paper
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate, Postgraduate Faculty of Business and Economics
Leader(s): Professor Brett Inder
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Clayton Full year 2009 (Day)
Clayton Second semester to First semester 2009 (Day)
Synopsis
Topics for seminar presentation are selected in consultation with the coordinator. A list of possible topics will be distributed but students are encouraged to propose subjects of interest to them, based in their own discipline. Students present one paper, act as formal discussant on another, and are expected to engage in discussion of others.
Objectives
The learning goals associated with this unit are to:
- develop the skills to present an area of research in the discipline of econometrics or statistics in a non-technical manner, both written and oral
- grow in ability to ask and address critical questions about research.
Assessment
Within semester assessment : 100%
Contact hours
One 1.5 hour seminar per week
ETF2480 - Business modelling
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Roland Shami
Offered
Caulfield Second semester 2009 (Day)
Synopsis
This is a software-oriented subject intended to provide a working knowledge of decision-making tools and techniques applicable in a business environment. Various optimisation techniques used in managerial decision-making will be introduced. Topics include business modelling with spreadsheets, linear programming models, transportation and assignment models, network models, project planning and scheduling models. Applications in management, marketing, accounting, finance and related fields are emphasised.
Objectives
The learning goals associated with this unit are to:
- appreciate the relevance of quantitative analytical techniques in solving business decision problems
- formulate business decision problems as mathematical models and lay out as spreadsheet models
- apply tools available in Microsoft Excel and algorithms to generate solutions and interpret the results
- appraise the solutions through the use of sensitivity analysis
- communicate the analysis and results of business decision problems.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and 1-hour practice class per week
Prerequisites
Prohibitions
ETF2700 - Mathematics for business
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Param Silvapulle
Offered
Caulfield Second semester 2009 (Day)
Synopsis
The topics covered in this unit include: The Linear model, Linear Simultaneous Equations, Non-linear functions, Financial mathematics, Derivatives and Partial Differentiation, Optimisation (constrained and non-constrained), Matrix Algebra and Difference Equations.
Objectives
The learning goals associated with this unit are to:
- acquire skills in solving equations and applying them to problems arising in business
- understand the features of linear and nonlinear models and their applications in economics, finance and business
- solve two and three dimensional simultaneous equations, with applications in areas including operations management
- work with arithmetic and geometric sequences and series and use them in financial applications
- develop skills to perform differentiation, optimisation (constrained and unconstrained) and basic matrix operations and apply them to understand and solve problems in business.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prerequisites
ETX1100 or equivalent
Prohibitions
ETF3200 - Quantitative business analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Paul Kim
Offered
Caulfield First semester 2009 (Day)
Synopsis
The unit presents the basic statistical and econometric methodology in model building and model evaluation in general, and the treatment of autocorrelation, lagged relationship, qualitative variables, multicollinearity and heteroscedasticity, in particular it covers estimation and evaluation of multiple regression models, and testing for the validity of various theories in the areas of business. It also introduces the recent literature on unit root and co-integration in business data analysis. EVIEWS computer software will be used to carry out data analysis and applied research projects.
Objectives
The learning goals associated with this unit are to:
- conduct linear regression analysis for business and economic applications
- conduct the diagnostic tests for regression
- evaluate the time series properties of business and economic time series
- estimate the long run relationship among time series in business and economics
- test for the causality among business and economic time series.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
ETX2111 or ETX2121
Prohibitions
ETF3300 - Quantitative methods for financial markets
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Offered
Caulfield Second semester 2009 (Evening)
Synopsis
This unit covers statistics and econometric tools to assess the time series properties and distributional properties of financial series, and teaches how to model and estimate risk return relationship of assets; estimate and test capital asset pricing models and anomalies; and use various statistical procedures to test the efficient market hypothesis. This unit also introduces the recent literature on modelling, estimating and forecasting financial markets' volatility. Parametric, nonparametric and simulation method will be used to estimate the value at risk. EVIEWS computer software will be used to carry out financial data analysis and applied research projects.
Objectives
The learning goals associated with this unit are to:
- assess the time series and distributional properties of financial data
- evaluate the risk return relationship of financial assets
- estimate the long run relationship among financial time series
- analyse and model the volatility of financial returns
- conduct the risk management analysis.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
ETX2111 or ETX2121 and AFF2631
Prohibitions
ETF3480 - Optimisation for managers
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Tissa Galagedera
Offered
Caulfield First semester 2009 (Day)
Synopsis
This unit is designed to develop quantitative problem solving skills. The emphasis is on recognising and identifying decision problems, modelling them and generating solutions to them. Various optimisation techniques used in the business decision-making process will be introduced. Topics include benchmarking with data envelopment analysis, integer programming, inventory control models, decision making under uncertainty, queuing models and simulation modelling. Applications in business, particularly in management, marketing, banking and finance will be used in the demonstration.
Objectives
The learning goals associated with this unit are to:
- understand the complementary nature of the rational and behavioural approaches to decision making
- select and apply quantitative modelling concepts to problems arising from business
- formulate an appropriate model to analyse various business decision problems
- apply tools available in Microsoft Excel and algorithms to generate solutions and appraise the solutions through the use of sensitivity analysis
- communicate the analysis and results of business decision problems.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
One 2-hour lecture and one 1-hour computer laboratory class per week
Prerequisites
ETF2480 or equivalent
ETF3500 - Survey data analysis
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ann Maharaj
Offered
Caulfield Second semester 2009 (Day)
Synopsis
This unit adopts a very practical approach to introducing multivariate statistical techniques that are currently popular in the analysis of business survey data. The main topics to be covered are: a review of statistical tools, factor analysis, structural equation modelling, cluster analysis, discriminant analysis, correspondence analysis and multivariate analysis of variance. SPSS software will be used for problem solving. The emphasis will be on understanding, interpreting and reporting results of the analysis and on the proper use of techniques. Case studies drawn from business will be discussed.
Objectives
The learning goals associated with this unit are to:
- demonstrate an understanding of the role that multivariate statistical techniques such as factor analysis, structural equation modelling, logistic regression, categorical data analysis, cluster analysis, multidimensional scaling and correspondence analysis, play in uncovering relationships and patterns in survey data
- appraise the strengths and limitations of these techniques
- apply tools in SPSS to generate solutions for the appropriate statistical techniques
- demonstrate skills in using the appropriate statistical techniques from a user and provider perspective
- demonstrate skills in communicating the results of the analysis so that decision making can be implemented.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
One 2-hour lecture and one 1-hour laboratory session per week
Prerequisites
Prohibitions
ETF3600 - Quantitative models for business research
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Duangkamon Chotikapanich
Offered
Caulfield First semester 2009 (Day)
Synopsis
The topics covered in this unit include: review of regression analysis, binomial dependent variables, unordered multinomial dependent variables, ordered multinomial dependent variables, duration dependent variables. Computer software EVIEWS will be used to apply these techniques to real world problems.
Objectives
The learning goals associated with this unit are to:
- provide a solid understanding of regression analysis including relationships with dependent variables that can be binary, in unordered categories, in ordered categories and duration variables
- analyse these relationships using a software package
- analyse, interpret and communicate the business value of results.
Assessment
Within semester assessment: 35%
Examination (2 hours): 65%
Contact hours
Two 1-hour lectures and one 1-hour laboratory/tutorial session per week
Prerequisites
ETW1000 - Business and economic statistics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Dr Soo Siew Choo
Offered
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Synopsis
An introduction to descriptive statistics -- the collection, organisation, presentation and analysis of grouped and ungrouped data using measures of location and dispersion; the construction of index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression, with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals, testing a hypothesis, including analysis of variance.
Objectives
The learning goals associated with this unit are to:
- interpret business and economic data using descriptive statistics techniques
- construct and interpret index numbers
- describe the concept of a sampling distribution, estimators and their properties
- use P values to make inference on single population means for business and economic decision-making
- interpret and evaluate relationships between variables for business and economic decision-making using simple linear regression
- apply the main ideas of probability theory, discrete and continuous probability distributions to business and economic decision-making.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prohibitions
ETC1000, ETW1102, ETX1100, ETX9000, FIT1006, STA1010, SCI1020
ETW1010 - Data modelling and computing
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Dr Soo Siew Choo
Offered
Sunway First semester 2009 (Day)
Synopsis
Introduction to principles and techniques for modelling business and economic data.
Modelling in business and finance using computers -- spreadsheet modelling of business problems, organising and accessing data efficiently. Modelling in economics and finance -- multiple regression as a tool for modelling macroeconomic and microeconomic decisions, elasticities and statistical evaluation of policy, time series modelling with application to finance. Introduction to actuarial studies as an approach to building quantitative models of risk.
Objectives
The learning goals associated with this unit are to:
- apply principles and techniques of data management with computers and spreadsheet modelling to business and economic decision-making problems, including profit models, breakeven analysis, sensitivity analysis, simulation, optimisation under uncertainty and network models
- interpret and evaluate relationships between variables for business and economic decision-making using multiple linear regression, including dummy variables, functional form, trends and seasonality in time series as well as inference, confidence intervals and prediction
- apply statistical techniques for making decisions with quantitative and categorical data in business and economics, including testing hypotheses about population mean(s), population proportion(s), one- and two-way analysis of variance, and difference between proportions in contingency tables.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Prohibitions
ETW1102 - Business statistics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Mindi Nath (Gippsland); Dr Jill Wright (Berwick); Dr Santha Vaithilingham (Malaysia); Mr Hugh O'Reilly (Peninsula); To be advised (South Africa)
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa First semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
Introduction to spreadsheeting. Descriptive statistics. Elementary probability. Discrete and continuous probability distributions. Statistical inference. Simple linear regression and correlation. Forecasting and time series. Index numbers.
Assessment
Within semester assessment: 30%
Final examination (3 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prohibitions
BMS11, BUS1100, PMM2020, ETC1000, ETW1000, ETX1100, SCI1020, STA1010
ETW2111 - Business data modelling
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Mindi Nath (Berwick); Dr Mak Kok Sun (Malaysia); Mr Hugh O'Reilly (Peninsula); Mr Rakesh Bhurtun (South Africa)
Offered
Berwick Second semester 2009 (Day)
Sunway Second semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
Sampling designs and inference; confidence limits and tests on means, proportion, differences. Cross tabulation, with chi square. Simple and multiple linear regression: regression with non-linear terms; regression with dummy variables. Introduction to analysis of variance. Uses Excel.
Objectives
The learning goals associated with this unit are to:
- choose and apply an appropriate sampling design
- understand and interpret confidence intervals and hypothesis tests for means, proportions and variances, and be able to identify significant differences
- understand and conduct regression analyses to interpret and communicate the business value of the results
- understand and conduct one way analysis of variance in business problems
- understand the concept and application of Chi-square test for independence between business variables
Assessment
Within semester assessment: 35%
Examination (2 hours): 65%
Prerequisites
Prohibitions
ETW1010 and ETW1031
ETW2410 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Santha Vaithilingam
Offered
Sunway Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Objectives
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Prerequisites
Prohibitions
ETW2420 - Survey methods and managerial statistics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Dr Mak Kok Sun
Offered
Sunway Second semester 2009 (Day)
Synopsis
Introduction to sample survey methods, quality management and statistical techniques for survey data used in business, industry and the public sector. Topics covered include the planning and execution of a survey, sampling methods, quality management and sampling, the design of experiments, analysis of variance and analysis of 'ranked data'.
Objectives
The learning goals associated with this unit are to:
- understanding on how to conduct a survey, including planning, execution and cost-benefit analysis
- applying concepts of probability and probability distribution to problems associated to survey data
- describing the role of statistical inference for survey data and applying inference methods to population mean, variance (bound), proportion, and totals
- using statistical inference methods to determine the optimal sample size for a survey
- analysing survey data using experimental design techniques and analysis of variance methods (both for unranked and ranked data)
- applying statistical quality control methods and survey techniques for data used in business, industry and the public sector, including Six Sigma methodologies.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Prerequisites
ETW2480 - Business modelling methods
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Dr Soo Siew Choo
Offered
Sunway First semester 2009 (Day)
Synopsis
Topics include business modelling with spreadsheets; the methodology of business modelling; linear programming; transportation and assignment problems; network models and project scheduling problems.
Objectives
The learning goals associated with this unit are to:
- describing business models using concept diagrams and mathematical programming formulations
- formulating, solving and interpreting business problems with linear programming using graphical methods, Excel Solver, duality, sensitivity, and Simplex method
- formulating, solving and interpreting business problems with integer programming using branch and bound and Excel Solver
- analysing simple problems using transportation simplex, assignment method, project management networks, and network flow techniques.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Prerequisites
Prohibitions
BUS2020
ETW3112 - Survey data analysis
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Harmindar Nath
Offered
Not offered in 2009
Synopsis
Introduction to multivariate statistical techniques for the analysis of survey data. Topics include cross tabulation of data and Chi-square test of independence and goodness of fit, correlation and its applications (reliability analysis: Cronbach's alpha), General linear regression, Multivariate analysis of variance and covariance, discriminant, factor, and cluster analysis. Use of SPSS for windows for analysis.
Objectives
The learning goals associated with this unit are to:
- prepare survey data for statistical analysis
- apply multivariate statistical techniques for exploring and establishing relationships between/among variables
- select and carry out appropriate statistical tests for evaluating reliability of scale and examining research hypotheses
- use SPSS for data analysis and interpret output
- demonstrate skills in communicating the results of the analysis.
Assessment
Within semester assessment: 50%
Examination (2 hours, closed-book): 50%
Contact hours
One 2-hour lecture and one 1-hour laboratory/tutorial per week.
Prerequisites
Prohibitions
ETW3200 - Quantitative business analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Rob Brooks
Offered
Berwick First semester 2009 (Day)
Synopsis
The unit presents the basic statistical and econometric methodology in model building and model evaluation in general, and the treatment of autocorrelation, lagged relationship, qualitative variables, multicollinearity and heteroscedasticity, in particular it covers estimation and evaluation of multiple regression models, and testing for the validity of various theories in the areas of business. It also introduces the recent literature on unit root and cointegration in business data analysis. EViews computer software will be used to carry out data analysis and applied research projects.
Objectives
The learning goals associated with this unit are to:
- conduct linear regression analysis for business and economic applications
- conduct the diagnostic tests for regression
- evaluate the time series properties of business and economic time series
- estimate the long run relationship among time series in business and economics
- test for the causality among business and economic time series.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prerequisites
Prohibitions
ETW3232 - Forecasting for business
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Harmindar Nath
Offered
Berwick Second semester 2009 (Day)
Synopsis
The unit aims to introduce the art of forecasting via a modelling approach. It will cover the nature and essentials of forecasting, residual analysis, the moving averages and exponential smoothing forecasting techniques, decomposition methods of forecasting, regression and ARIMA forecasting models. Applications will include areas of accounting, economics, banking, finance, marketing and management. Excel and SPSS will be used.
Objectives
The learning goals associated with this unit are to:
- demonstrate an understanding of the basics of the art of forecasting, recognise limitations of forecasting models and describe the importance of following a pragmatic approach
- discuss the importance of the role of graphs, forecast errors and statistics in building a forecast model, and the use of prediction intervals
- apply acquired skills and knowledge to forecast economic, business and financial time series using smoothing, decomposition, Regression and ARIMA forecasting techniques with the help of Excel and or SPSS
- evaluate competing forecasting models
- apply acquired skills in interpreting computer output and report writing.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%.
Contact hours
Two 1-hour lectures and one 1-hour laboratory/tutorial per week
Prerequisites
Prohibitions
ETW3410 - Applied econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Dr Mahendhiran Nair
Offered
Sunway First semester 2009 (Day)
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Objectives
The learning objectives of this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable (LOGIT and PROBIT models);
- conduct statistical inference in statistical models with a limited dependent variable (TOBIT and Censored Regression models);
- conduct statistical inference in statistical models with one or more endogenous explanatory variables;
- conduct statistical inference in a system of simultaneous equations;
- conduct statistical inference on data that has a time series dimension.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
ETW3420 - Principles of forecasting and applications
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Santha Vaithilingam
Offered
Sunway First semester 2009 (Day)
Synopsis
Topics include fundamentals of forecasting, univariate and multivariate forecasting tools. The univariate forecasting tools include moving averages, exponential smoothing forecasting, seasonal decomposition, review of basic time series analysis and Box-Jenkins (ARIMA) models. Econometric approaches to multivariate forecasting include regression models, modelling and forecasting with ARIMA processes and evaluation of forecasts. Introduction to qualitative forecasting methods including technological forecasting methods. Excel, SPSS and EViews will be used.
Objectives
The learning goals associated with this unit are to:
- recognise typical forecasting problems in business and economics
- understand and appreciate statistical underpinning and foundation of forecasting techniques
- be familiar with the various tools used in forecasting and to be able to apply these techniques appropriately and recognise the strengths and weaknesses of the techniques used
- have an appreciation of forecasting in practice
- develop quantitative research skills and ability in interpreting computer output and to be able to write and present reports effectively.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
One 2-hour lecture and one 2-hour tutorial/lab per week
Prerequisites
Prohibitions
ETW3480 - Decision analysis for managers
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Malaysia: Dr Mak Kok Sun
Offered
Sunway First semester 2009 (Day)
Synopsis
This subject covers computer models of business operations, how they are built, and the way they are used in decision-making. The principles of decision-making under risk and the Monte Carlo simulation method are introduced and applied, together with other quantitative methods, to a range of problems in supply chain management. A training in more advanced aspects of Microsoft Excel is provided with a particular emphasis on the use of Visual Basic for Applications to customise spreadsheet models.
Objectives
The learning goals associated with this unit are to:
- expand the understanding of quantitative methods in business
- enhance analytical skills for problem solving
- increase computing skills for business modelling with spreadsheets
- provide a better understanding of common problems in business and the impact of risk.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
Prohibitions
BUS2020
ETX1100 - Business statistics
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Tissa Galagedera
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Students will learn to use basic statistical techniques and their applications to problems in accounting, finance, management, marketing and business in general. Students should also be able to effectively communicate the results of their analyses. This unit covers descriptive statistics for revealing the information contained in data; probability as a tool for dealing with uncertainty and risk; probability distributions to model business behaviour; estimation and hypothesis testing techniques for decision making; simple tools for forecasting time series; and calculation and interpretation of basic price indices. Excel is used extensively.
Objectives
The learning goals associated with this unit are to:
- interpret business data using descriptive statistics techniques, including the use of spreadsheet functions
- apply simple concepts of probability and probability distributions to problems in business decision-making
- describe the role of statistical inference and apply inference methods to single population means
- evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression
- apply time series techniques of indexing, deflating and forecasting to business and financial series and interpret the results.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
Students enrolled in course code 2601 must be granted permission to study this unit. For all other students, no prerequisites apply.
Prohibitions
ETX2011 - Quantitative methods for risk analysis
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Bruce Stephens
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Off-campus)
Synopsis
This unit presents the basis techniques of quantitative risk analysis. Risk identification and measurement techniques most commonly used in industry are discussed, including descriptive statistics. The basic rules of probability are presented in practical contexts and as the foundation for the study of probability distributions - themselves the foundations of risk analysis models. Finally, spreadsheet models of practical situations are developed and evaluated, using simulation methods.
Objectives
The learning goals associated with this unit are to:
- analyse risk statistically by summarising and interpreting data using techniques of descriptive statistics including the use of associated spreadsheet functions
- analyse and evaluate risk by applying concepts of probability and of probability decisions
- analyse and evaluate risk via Monte Carlo simulation, using @Risk software
- evaluate decision-making strategies, including use of PrecisionTree software
- describe and analyse the quality of production in an industrial process, using statistical control charts.
Assessment
Within semester assessment: 30%
Examination (2 hours): 70%
Prerequisites
Prohibitions
ETX9520, ETX3011, BUS3800, BUS5800
ETX2121 - Data analysis in business
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ann Maharaj
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
Further develops statistical concepts from ETX1100 and their application to business sectors such as finance and accounting. Sources of data and sampling techniques. Confidence intervals and hypothesis testing both for single populations and between populations to identify significant findings with applications to accounting and finance, risk modelling. Commonly used modelling methods in industry -- simple and multiple regression, analysis of time series in financial markets. Excel software will be used. Emphasis throughout is on interpretation of results that provides insight and value to management.
Objectives
The learning goals associated with this unit are to:
- demonstrate an understanding of different sampling techniques and their role in business
- demonstrate an understanding of the role of statistical inference and its role when applied in business
- interpret and analyse the results of a regression analysis and their value when applied in business
- interpret and analyse the results of time series analysis (generated using Excel) and their value when applied in business
Assessment
Within semester assessment: 40%
Final examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 1-hour tutorial per week
Prerequisites
ETX1100 or a credit grade in ETW1102
Prohibitions
ETX2111, ETC1010, ETX2161, ETX2171
ETX3231 - Business forecasting
6 points, SCA Band 0 (NATIONAL PRIORITY), 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ann Maharaj
Offered
Caulfield First semester 2009 (Day)
Synopsis
Basic forecasting tools. Review of basic time series analysis techniques. Moving averages and exponential smoothing forecasting methods. Box-Jenkins method of forecasting. Comparison of forecasting techniques. Introduction to time series regression and dynamic models. Applications to time series from the accounting, economics, banking, finance and management areas. Excel and SPSS will be used.
Objectives
The learning goals associated with this unit are to:
- identify the basic tools of forecasting and define the basic time series analysis techniques
- describe the decomposition techniques, exponential smoothing forecasting techniques and Box-Jenkins method of forecasting
- compare the forecasts of real economic, business and financial time series by decomposition techniques and exponential smoothing techniques using Excel and Box Jenkins method using SPSS
- differentiate between decomposition methods, exponential smoothing methods and autoregressive methods of forecasting
- analyse time series in the business environment using the appropriate methods and interpret computer output.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
Two 1-hour lectures and one 2-hour tutorial per week
Prerequisites
ETX2111, ETX2121, ETX2171, ETX2161 or ETC1010
Prohibitions
MGC1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Tui McKeown and Dr Elizabeth Prior Jonson (Semester 1); Dr Glennis Hanley (Semester 2)
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
On completion of this unit students should have an understanding of: the nature of managerial work in organisations; theories of management and their historical development; contemporary issues and practices relating to managing people and organisation's; key factors in the organisation's environment that impact on how managers and the organisations work.
Objectives
The learning goals associated with this unit are to:
- define management and summarise the evolution of management ideas on how managers may influence, people, organisations and their contexts to achieve organisational goals;
- identify and discuss contextual factors in the organisations environment that impact of how people, managers and organisations interact;
- identify factors that influence individual and group behaviour in organisational settings and illustrate how managers can make use of these factors;
- describe how decision-making, planning, leading, organising and controlling can be managed in organisations;
- examine the impact on individuals and organisations of contemporary issues in management including, stakeholder interests, ethics and social responsibility.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
Three hours of class contact.
Prohibitions
MGC1020 - Organisations: Contexts and strategies
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glennis Hanley
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit examines how organisations operate, the context in which they operate, and the factors which determine how managers can operate more effectively. The main topics include: the management function in an organisational context; the impact of external and internal environments; the planning, organising and controlling of organisations; future management trends and business planning.
Objectives
The learning goals associated with this unit are to:
- describe the historical development of management theory
- evaluate factors in the internal and external environment that have an impact on what managers do and how organisations work
- explain what is meant by business planning
- identify the process of and the analytical tools used in strategic management
- identify how organisations are designed and structured
- define the nature of operations management.
Assessment
Within semester assessment: 50%
Examination 2 hours: 50%
Contact hours
3 hours per week
MGC2110 - Principles of strategic management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Linda McGuire
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit introduces students to the language, concepts and theories of strategic management. Different perspectives on the nature of strategic management lead to competing theories and debates about what enterprises should do to sustain and improve performance. Students are introduced to key debates in the strategic literature and the practical implications for problem solving in order to develop their skills in critical thinking.
Objectives
The learning goals associated with this unit are to:
- identify and explain strategic management issues
- identify and explain different perspectives on strategic management issues
- compare and assess the arguments and evidence supporting different theories of strategic management
- illustrate and explain the practical implications of different theories of strategic management
- critically examine and illustrate strategic issues in debates and essays.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGC1010 before undertaking this unit
MGC2120 - Managing international business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Sharif As-Saber
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit will provide an introduction for students to the broad context in which international business operates, and will address the general theory and management issues related to doing business internationally. Topics include a brief history of management of international business; managing the environment and international relations; understanding of the nature of multinational, transnational and small businesses as multinational enterprises; comparisons of business systems in a variety of developing and developed countries; the management of ethical and social responsibility issues; and future challenges in managing international business.
Objectives
The learning goals associated with this unit are to:
- define the concept of international business from a multi-disciplinary perspective
- assess the impact of the various environmental factors on the internationalisation process of a business organisation
- describe the strategy and structure of international business operations in an increasingly competitive global environment
- explain the role of foreign market entry modes in the firm internationalisation process
- critically evaluate the operation of an international business and analyse an event or an issue relevant to international business using appropriate theories and other resources including books, academic journals, business periodicals and newspapers.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGC2130 - Asian management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Cherrie Zhu
Offered
Clayton Second semester 2009 (Day)
Synopsis
Management systems in Asia through a focus on paradigms, such as Japanese management; the implications for management of union cultures in various national contexts; cross-cultural management issues in multinationals; the transfer of management systems at the level of the corporation and the state; an understanding of how people are managed in Asia through the study of how local ethnic, gender, religious and kinship factors affect employees and managers in their work ethics, career strategies, leadership and decision-making styles. National contexts include Japan, Korea, Taiwan, China (including Hong Kong), Vietnam, Philippines, Indonesia, Malaysia, Thailand and Singapore.
Objectives
The learning goals associated with this unit are to:
- describe the management of organisations in Asia from both managers' and workers' perspectives
- explain the major theories of Asian management and illustrate them with case material
- analyse how factors from the external environment, such as gender, religion, ethnic diversity, union cultures, affect Asian management processes and compare how these vary between Asian nations
- conduct an individual research exercise by applying one aspect of Asian management theory to a chosen Asian country context
- develop oral and written communication skills.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGC1010 before undertaking this unit
MGC2230 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Margaret Lindorff
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit provides a framework for understanding the behaviour of people at work. Its fields of analysis include the individual, the group, and the total organisation. The unit provides information on human factors that influence individual and organisational effectiveness such as differences in perception, personality, motivation, leadership styles and others. The study of organisational behaviour is based upon social science methods and links with other studies in behavioural sciences such as management, human resource management, sociology and psychology.
Objectives
The learning goals associated with this unit are to:
- define the nature and purpose of the field of organisational behaviour
- distinguish the major theories used to explain the behaviour of people in organisations
- identify the major factors influencing individual and group behaviour in organisations
- read and critically evaluate published research in the field of organisational behaviour.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGC1010 before undertaking this unit
Prohibitions
MGC2310 - Introduction to public management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Linda McGuire
Offered
Not offered in 2009
Synopsis
This unit examines the theory and practice of modern public management with a special focus on three key themes: accountability, efficiency and effectiveness. Topics include the political and social context of public management; the differences between public and private management; the impact of the Constitution and federalism; the role of the minister and cabinet; reforms to the traditional model of public management; corporatisation and privatisation; budgetary reforms; the new administrative law; and the new federalism.
Objectives
The learning goals associated with this unit are to:
- identify and explain the significant changes in public management theory and practice
- identify and explain the major theories underlying public management concepts
- identify and explain the practical significance of controversies in public management
- describe and analyse management practice in the public sector
- analyse arguments and assess evidence on the effectiveness of different approaches to public management.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
MGC2320 - Business and government
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Christopher Nyland
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit examines the relationship between government and business with a focus on contemporary issues. Topics include: international paradigms in business/government relations; regulation; competition policy; globalisation; trade; protection; and competitiveness.
Objectives
The learning goals associated with this unit are to:
- describe and compare the range and variety of interactions between governments and businesses
- identify and analyse institutions and processes that support markets and regulate business activity
- identify and explain trends and controversies in economic governance in Australia
- identify and explain trends and controversies in corporate governance and corporate social responsibility in Australia
- explain the significance of the blurring of the boundaries between private, public and community sectors.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
MGC2410 - Industrial relations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Marco Michelotti
Offered
Not offered in 2009
Synopsis
This unit provides a foundation for the study and practice of industrial and employee relations. Topics include the development of the Australian industrial relations system, management and union objectives and strategies, employer associations, the role of government, causes and resolution of industrial conflict, enterprise bargaining, the legal framework for industrial relations and human resource management practice, and contemporary issues such as freedom of association and union avoidance.
Objectives
The learning goals associated with this unit are to:
- develop knowledge and skills applicable to working in the fields of industrial relations and human resource management
- analyse the relationship between industrial relations and the wider socio-economic system
- describe the interaction between the major parties and industrial relations processes in Australia
- critically analyse the impacts of the regulatory reforms on industrial relations practices in Australia.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
MGC2420 - Employee relations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glennis Hanley
Offered
Clayton Second semester 2009 (Day)
Synopsis
The subject focuses on the changing nature of work and the implications of this for labour and management at the workplace. Topics include new technology and team working; employee financial participation; training and skill formation; equal opportunity and managing diversity; and occupational health and safety.
Objectives
The learning goals associated with this unit are to:
- identify and explain the changing nature of work and employment
- describe the process of labour market deregulation and analyse the consequences for employees, managers and society
- identify and explain labour process theories and their application to post-industrial societies
- identify critical issues which confront employee relations and human resource managers in a dynamic environment.
Assessment
Within semester assessment: 40%
Examination (2 hours): 60%
Contact hours
3 hours per week
Prohibitions
MGC2430 - Human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Tui McKeown
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit provides an introduction to the factors involved in the effective utilisation of people within organisations. Topics include analysis of the global context for human resource management (HRM); the strategic role of HRM; human resource planning; job analysis; staffing; performance management; training and development; remuneration; and legal issues in HRM, including EEO and occupational health and safety.
Objectives
The learning goals associated with this unit are to:
- demonstrate the role of Human Resource Management in achieving organisational objectives
- critically evaluate some of the key theoretical models of Human Resource Management
- critically evaluate some of the key technical, legal and ethical issues in Human Resource Management
- analyse the policies, practices and procedures associated with the effective management of people in organisations
- explain the impact of the social, political and economic environment on the theory and practice of Human Resource Management.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGC1010 before undertaking this unit
Prohibitions
MGC2950 - Systems thinking for sustainability; a policy perspective
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Rod Sarah
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit integrates 'systems thinking' with policy analysis to help students and managers understand and deal with policy design within complex systems such as modern organisations or the global climate system. Operating as an experiential learning environment, students will engage in policy modelling and analysis of the sustainability impacts of policy directions. A variety of public policy issues including issues and problems at a global level including climate and population challenges, urban dynamics involved in sustainable cities, dynamics of the health system as a wellness system, including medical workforce dynamics and patient care, and environmental dynamics surrounding issues such as water management and species maintenance such as fish-stocks and regulatory dynamics. Embracing contemporary systems mapping, modelling, simulation and analysis techniques, students will be able to conduct their own policy formulation and evaluation experiments to anticipate their viability and sustainability outcomes in complex dynamic systems, identify leverage points for improving policy outcomes.
Objectives
The learning goals associated with this unit are to:
- describe Systems Thinking as a generic set of 'new' skills for reframing and understanding complex policy issues spanning social, organisational and natural systems
- develop competence in a range of the essential principles, tools and methods of systems thinking as applied to policy for sustainability outcomes
- apply the systems thinking tools and methods in a structured methodology including systems mapping, modelling and simulation to generate insights and understanding of the implications of policy decisions as applied to contemporary societal challenges from a sustainability perspective.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prohibitions
MGC3110 - Strategic management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Linda McGuire
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit follows MGC2110 and considers the practical applications of strategic management concepts and theories. Students are required to apply critical thinking and research skills to strategic problem solving in contemporary Australian cases. The emphasis is on analysis and judgement to identify strategic issues, evaluate options and recommend action.
Objectives
The learning goals associated with this unit are to:
- explain the practical implications of different perspectives on strategic management
- select and apply a framework and techniques to analyse particular cases
- research and select information to analyse particular cases
- identify and evaluate strategic issues and recommend actions in particular cases
- integrate and effectively communicate analysis in presentations and reports.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGC3120 - International management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ramanie Samaratunge
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit highlights the challenges of managing the global activities of international companies; examines the environmental foundations and cultural contexts for international management; discusses the impact of national cultures on management, negotiation and communication; and provides an overview of strategic, operational and human resource management issues in the dynamic international economy.
Objectives
The learning goals associated with this unit are to:
- apply management theory within the wide range of national contexts in the global economy
- summarise the contemporary risks, opportunities and ethical considerations of the international business environment from a managerial perspective
- explain the role of culture in cross-cultural management, communication, negotiation and decision-making
- assess the complex challenges of managing the multinational enterprise in terms of coordinating international strategy and organisational structure
- compare ways in which specific overseas environments affect the management functions of leading, motivating, controlling and staffing.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGC3130 - The management of change
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ramanie Samaratunge
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit examines the process of organisation change within the theoretical frameworks of organisation culture, power and leadership. It examines the major schools of thought concerning the management of change, and analyses change processes used in organisations.
Objectives
The learning goals associated with this unit are to:
- discuss the major conceptual models underlying the OD change process and the role of the OD practitioner and his/her relationship with the client system
- critically assess the strengths and weaknesses of diagnostic techniques and its importance for the success of the planned change program
- discuss the main features of different interventions for the individual, work, group and organisational levels
- explain current trends in OD and speculate on how OD is likely to change in the near future
- demonstrate skills to analyse case studies of change situations.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGC3230 - Services management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Linda McGuire
Offered
Not offered in 2009
Synopsis
This unit introduces students to the language, concepts and theories of services management. Students are required to apply critical thinking and research skills to strategic problem solving in services cases. Frameworks and tools for strategic analysis of services are examined and applied to contemporary Australian cases. The emphasis is on research, analysis and critical thinking skills to evaluate strategy for service organisations. The objective is to develop students' skills in independent strategic thinking.
Objectives
The learning goals associated with this unit are to:
- identify and explain services management concepts and theories
- apply concepts and techniques to analyse particular cases
- research and evaluate information to analyse particular cases
- identify and evaluate strategic issues and recommend actions in particular cases
- integrate and effectively communicate analysis in presentations and reports.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
MGC3250 - Management in small firms
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glennis Hanley
Offered
Clayton Second semester 2009 (Day)
Synopsis
This unit examines the role and nature of small firms in industrial economies, including types of ownership and structures and the types of people who own and manage them. It also examines entrepreneurs and entrepreneurial behaviour, family firms and the trend for women to leave large firms to start up their own business. Issues of managerial planning and skills are also discussed, particularly as they relate to the management of people at work.
Objectives
The learning goals associated with this unit are to:
- explain the role of small and medium sized enterprises (SMEs) in the Australian economic context
- identify and explain the contemporary public policy framework in which SMEs operate
- describe and explain the different forms of SME ownership structures and the issues associated with each type
- identify and explain the practical implications of business planning and the managerial skills needed to successfully operate a SME.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGC1010 before undertaking this unit
MGC3420 - Human resource development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glennis Hanley
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit examines the strategic roles of human resource development in organisations: training; management and career development; and organisational development. Theories and factors affecting training outcomes; and economic, ethical, legal and financial considerations are considered also.
Objectives
The learning goals associated with this unit are to:
- analyse the strategic importance of human resource development (HRD) in the success of organisations and within the context of environmental pressures and government policy
- evaluate the nature and importance of theories of learning in the development of HRD programs
- develop skills in identifying HRD needs, the development of objectives, the design of programs to meet objectives and the evaluation of programs
- explain and apply models of career management and other emerging HRD themes.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGC3430 - International human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ramanie Samaratunge
Offered
Clayton Second semester 2009 (Day)
Synopsis
Topics include an introduction to the major differences between domestic and international HRM; cultural, social and ethical issues for IHRM; the possible linkages between IHRM and business strategy; IHRM planning, policies and procedures; international relations and evaluation of host country environments; recruitment and selection; strategic compensation and reward systems; training and development of employee capabilities; maintaining the employment relationship within international operations.
Objectives
The learning goals associated with this unit are to:
- understand and define the purposes and scope of international human resource management (IHRM)
- describe and explain the differences between domestic and international HRM
- assess the impact of cultural differences on the management of people in multinational organisations and to examine the impact of global conditions on the strategic management of human resources in the context of overseas subsidiaries, acquisitions and joint ventures
- identify the possible linkages between IHRM and business strategy, and critically analyse IHRM functions and process in various international settings
- define and explain the theories which guide the policies, processes and procedures of IHRM.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGC3450 - Managing conflict
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Julian Teicher
Offered
Clayton Second semester 2009 (Day)
Synopsis
The focus of the unit is on developing the knowledge and skills to manage conflict in a range of business and professional contexts. Students study a variety of theories and processes that will enhance their skills in avoiding and resolving disputes within and between organisations.
Objectives
The learning goals associated with this unit are to:
- identify and interpret the implications of the characteristics of conflict in society and in relationships
- apply ethically communication, counselling, negotiation and mediation techniques to a variety of conflict situations
- examine the influence and implications of power in conflict
- evaluate the main alternative dispute resolution techniques and assess the applicability of dispute resolution techniques to specific situations
- assess and develop dispute resolution systems.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGC3510 - Management of technology
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Nicholas Beaumont
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit examines the inter-relationships between technology and organisation structures, strategies and processes, and how technology produces change within organisations. Technology provides the basis for innovative products and services, and fundamentally changes industries, redefining the ways in which organisations operate. In the competitive international environment, with an ever increasing pressure to focus on consumer needs and to produce a wider diversity of products, the capture of technology and creativity provides a means for organisations to gain a competitive advantage. This requires an understanding of the processes of innovation and organisational change.
Objectives
The learning goals associated with this unit are to:
- critically assess the role of technology in business processes
- judge the role and importance of technology in enhancing organisational performance
- discriminate the differences in stakeholders and their capabilities and limitations in the strategic convergence of technology and business
- assess the rapid changes taking place with technology in the business environment
- judge the role new technologies and the development of new trends in terms of the future role of managers.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGF1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Rolf Bergman
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
On completion of this unit students should have an understanding of: the nature of managerial work in organisations; theories of management and their historical development; contemporary issues and practices relating to managing people and organisation's; key factors in the organisation's environment that impact on how managers and the organisations work.
Objectives
The learning goals associated with this unit are to:
- define management and summarise the evolution of management ideas on how managers may influence, people, organisations and their contexts to achieve organisational goals
- identify and discuss contextual factors in the organisations environment that impact of how people, managers and organisations interact
- identify factors that influence individual and group behaviour in organisational settings and illustrate how managers can make use of these factors
- describe how decision-making, planning, leading, organising and controlling can be managed in organisations
- examine the impact on individuals and organisations of contemporary issues in management including, stakeholder interests, ethics and social responsibility.
Assessment
Within semester assessment: 50%
Examination (2 hours) : 50%
Contact hours
3 hours per week
Prohibitions
MGF1100 - Managerial communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Mark Dibben
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Synopsis
Communication theory emphasising written and oral communication in relation to organisational, intrapersonal, interpersonal and group communication. Importance of relationships in the work context, language, listening and nonverbal behaviour. Interpersonal contexts include negotiation, interviewing, feedback, coaching and counselling. Group communication --roles, leadership and facilitation, problem-solving, decision making and group creativity.
Objectives
The learning goals associated with this unit are to:
- describe and discuss contemporary theories and concepts in interpersonal communication
- examine the role of communication in management, particularly in leadership, decision making, conflict resolution, creativity and problem-solving
- extend personal communication skills by identifying opportunities for growth and strategies for development
- demonstrate competence and professionalism in structuring and delivering persuasive messages
- critically analyse communication style.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGF2100, MGW1100
MGF2111 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Giles Hirst
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
The unit takes a positive and appreciative approach, presenting supportable practices and interventions to help understand and develop more positive and productive individual, team and organisational behaviours and outcomes. A range of relevant issues will be addressed at the organisational, environmental, team and individual levels including: the employment relationship, reward systems, positive organisational behaviours, learning, leadership, teamwork, technology, emotions, culture and diversity.
Objectives
The learning goals associated with this unit are to:
- describe and discuss the major theories and concepts that pertain to understanding behaviour in organisations
- describe and discuss contemporary perspectives in Organisational Behaviour, including the Positive Organisational Behaviour approach to this field
- engage with the relevant research literature, and draw on that literature to make plausible, evidence-based predictions about how environmental factors may influence organisational behaviour
- examine the role of Organisational Behaviour theory in enhancing both individual and organisational effectiveness.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGF1010 before undertaking this unit
Prohibitions
MGF2341 - Managing employee relations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Marjorie Jerrard
Offered
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Management of the employment relationship and workplace issues is central to the unit. Roles of parties to the employment relationship -- management, employees, trade unions, employer groups, government, and tribunals -- are analysed. Management and employee roles in conflict resolution, negotiation and bargaining, conciliation and arbitration, and maintaining control of the employment relationship are covered. External and internal environments are considered regarding legislation, labour market reform, and decentralisation of the Australian industrial relations system to an enterprise focus.
Objectives
The learning goals associated with this unit are to:
- differentiate between employee relations issues and industrial relations issues
- describe the main institutional features and key developments in the Australian industrial relations system as they impact upon employee relations
- identify management strategies for dealing with employee relations in Australian workplaces and other countries
- individual and team based analysis of workplace case studies and class activities
- develop basic skills in managing communication, negotiation, and bargaining at the workplace.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prohibitions
MGF2351 - International business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Paul Kalfadellis
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
The international environment including international trade and investment, and the legal, political, cultural and technological contexts faced by internationalising organisations; forms of operations available to the internationalising organisation; the impact of the multinational enterprise; international strategic planning.
Objectives
The learning goals associated with this unit are to:
- classify the key features and issues in the global environment in which international business takes place
- explain the impact that the environment has on the internationalisation process of a business organisation
- demonstrate an understanding of the role of entry mode choice and other strategic issues in order to succeed in international business.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%.
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGF1010 before undertaking this unit
Prohibitions
MGF2511 - Managing quality, innovation and knowledge
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Richard Cooney
Offered
Caulfield First semester 2009 (Day)
Synopsis
The unit provides an introduction to contemporary quality management practice with a focus on customers, business partners and people working within organisational systems. The unit covers quality management theory, quality control systems, continuous improvement, product and process innovation, the management of knowledge for innovation, teamwork systems and organisational restructuring for innovation and quality management
Objectives
The learning goals associated with this unit are to:
- define quality in terms of its historical perspective and its role in organisations today
- identify core principles of quality management and comment critically on their implications
- explain the significance of innovation for improving the competitive position of businesses and industries
- examine the role of process improvement as part of a continuous improvement culture
- describe and critically assess alternative approaches to implementation of quality management principles and practices in organisations.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGC2250, MGW2511
MGF2661 - Human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Susan Mayson
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
This unit concentrates on the management of human resources in the external and internal organisation context. It focuses on the contribution of HRM to competitive advantage via an analysis of HR planning, job design, staffing, reward systems, staff development, and HRM auditing. The relationship between the legal, ethical and industrial relations issues and HRM is also explored.
Objectives
The learning goals associated with this unit are to:
- define the scope and purpose of HRM as an academic discipline and functions associated with HRM as a management practice
- identify major changes in the business environment of business organisations and the HR function
- understand the links between organisational objectives and HRM strategy and business performance
- critically evaluate competing models of HRM that underpin best practice in HRM
- develop knowledge about key HR functions and the challenges they pose
- enhance students' capabilities to work individually and also in teams.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGC1010 before undertaking this unit
Prohibitions
MGF3361 - Performance management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Rolf Bergman
Offered
Caulfield First semester 2009 (Day)
Synopsis
The interface between establishing a continuous learning environment, coaching and performance appraisal systems, training and development practices and the implementation of reward systems. The unit focus is on: personal and organisational skills and procedures through setting performance standards and objectives; performance review methods; giving effective feedback; links with rewards and compensation; determining training and development needs and objectives; coaching and feedback skills, planning, conducting and evaluating the training and development of staff.
Objectives
The learning goals associated with this unit are to:
- demonstrate a detailed awareness, knowledge and application of current theory in establishing continuous learning environments within organisations
- examine the issues related to staff appraisal, training and development and reward systems within a continuous learning environment
- demonstrate a high level of personal skill the provision of employee growth and learning within organisations through dialogue, coaching, mentoring and training skills.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
MGF3381 - Managing information systems
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Nicholas Beaumont
Offered
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
The components of IT; characteristics of hardware, software and telecommunications; types of information systems; networking and the worldwide web; managing 'information' workers; using IT to promote business objectives and gain competitive advantage; systems development methodology; IT-enabled transformation to create adaptive, flexible organisations; social and system issues associated with IT; managerial problems posed by IT. Computer laboratory exposure to a variety of applications software including electronic mail, project management, graphics, and other decision support software.
Objectives
The learning goals associated with this unit are to:
- integrate knowledge of computers, networks, and software, and networks so as to analyse the implications for individuals, organisations, governments, and society
- analyse the implications, especially outsourcing and off-shoring, of widespread information networks, such as the internet for organisations
- integrate managerial theory and knowledge of Information and Communications Technologies (ICT) to explain ICT's possible effects on aspects of organisations such as structure, culture, staffing, strategy, required skills, and systems
- analyse and evaluate the design and implementation of information systems that advance organisational goals and the concomitant ethical and legal constraints
- be able to design and implement a simple set of web pages.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prohibitions
MGF3401 - Strategic management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Quamrul Alam
Offered
Caulfield First semester 2009 (Day)
Caulfield First semester 2009 (Evening)
Caulfield Second semester 2009 (Day)
Synopsis
Business environments including markets, critical success factors, and strategies employed to gain a competitive advantage; the nature of strategic management; the analysis and interpretation of business environments; the nature of competition, relative position of firms, individual strategies and their relationship to critical success factors; strengths and weaknesses related to production, logistics, finance, R and D, marketing, administration etc.; the role of structure, controls, rewards, culture and leadership in implementation.
Objectives
The learning goals associated with this unit are to:
- identify and explain the core concept of strategic management
- explain and analyse the relationships between strategy formulation, strategy implementation and strategy evaluation
- summarise the main differences between corporate, business and functional strategies
- apply the strategy concepts and tools in analysing the factors affecting strategy implementation and evaluation
- critically analyse the usefulness of e-business strategy, corporate social responsibility, and strategy in the public sector organisations.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGF3420 - Human resource development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glennis Hanley
Offered
Caulfield First semester 2009 (Day)
Synopsis
This unit examines the strategic roles of human resource development in organisations: training; management and career development; and organisational development. Theories and factors affecting training outcomes; and economic, ethical, legal and financial considerations are considered also.
Objectives
The learning goals associated with this unit are to:
- analyse the strategic importance of human resource development (HRD) in the success of organisations and within the context of environmental pressures and government policy
- evaluate the nature and importance of theories of learning in the development of HRD programs
- develop skills in identifying HRD needs, the development of objectives, the design of programs to meet objectives and the evaluation
- explain and apply models of career management and other emerging HRD themes.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGF3430 - International human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Helen De Cieri
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Introduction to the major differences between domestic and IHRM; cultural, social and ethical issues for IHRM; IHRM planning, policies and procedures; international relations and evaluation of host country environments; recruitment and selection; remuneration; training and compensating expatriates; maintaining the employment relationship within international operations.
Objectives
The learning goals associated with this unit are to:
- identify and analyse the differences between national (domestic) and international human resource management (IHRM)
- critically analyse the issues related to managing people in multinational enterprises
- assess the external factors that influence the management of people in multinational enterprises
- critically analyse the relationships between IHRM and individual and organizational elements
- integrate theoretical and empirical knowledge with practical examples of IHRM.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
MGC2430, MGF2661 or permission
Prohibitions
MGF3450 - Managing conflict
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Sandra Cockfield
Offered
Caulfield Second semester 2009 (Day)
Synopsis
The focus of the unit is on developing the knowledge and skills to manage conflict in a range of business and professional contexts. Students study a variety of theories and processes that will enhance their skills in avoiding and resolving disputes within and between organisations.
Objectives
The learning goals associated with this unit are to:
- identify and interpret the implications of the characteristics of conflict in society and in relationships
- apply ethically communication, counselling, negotiation and mediation techniques to a variety of conflict situations
- examine the influence and implications of power in conflict
- evaluate the main alternative dispute resolution techniques and assess the applicability of dispute resolution techniques to specific situations
- assess and develop dispute resolution systems.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGF3621 - Organisational change
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ross Donohue
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
Theory of organisation change and development, OD and metaphor, the client-consultant relationship, diagnosis, interventions, organisational learning, resistance to change, managing resistance to change, evaluation and institutionalisation of change, transformation and cultural change, future directions, revision.
Objectives
The learning goals associated with this unit are to:
- identify strategies and actions for planned organisational change
- critically evaluate different frameworks and philosophies for change management in organisations
- integrate and synthesise previous knowledge of organisational change processes
- analyse change processes that exist at an individual level, group level and across the organisation as a whole
- examine management practices which directly influence the success or otherwise of implementing a planned change process.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGF3681 - International management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Mary Anderson
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Evening)
Synopsis
Management theory related to varying cultures. The multinational business enterprise and the significance of cross-cultural variables in the business environment. Topics covered include ethics and social responsibilities; strategic mindsets, control and conflict; industrial relations, new forms of international work and organisation and their management implications.
Objectives
The learning goals associated with this unit are to:
- assess the application of management theory to various global cultures
- explain the complex challenges of the multinational business enterprise at the interpersonal and operational levels
- compare a range of cross-cultural variables in the business environment
- apply theory to cross cultural scenarios
- critically assess the strengths and weaknesses of national culture assessment tools.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGF3881 - Current issues in human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Sen Sendjaya
Offered
Caulfield Second semester 2009 (Day)
Synopsis
A range of major issues impacting on human resource management in organisations including demographic and social change, ethics in HRM, managing diversity, assessment centre techniques, the impact of Government legislation on HRM, the contribution of HRM to improving productivity, managing outsourcing, career development and mentoring.
Objectives
The learning goals associated with this unit are to:
- critically evaluate the major challenges, complexities and issues currently impacting on human resource management in Australian and global organisations
- analyse the strategic link between human resource management policies and practices and effective organisation management
- identify and recommend human resource management strategies by which managers can maximise organisational effectiveness.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
MGW1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Wendy Webber
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Gippsland Summer semester A 2009 (Off-campus)
Sunway First semester 2009 (Day)
Sunway Second semester 2009 (Day)
Sunway Summer semester A 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa First semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
On completion of this unit students should have an understanding of: the nature of managerial work in organisations; theories of management and their historical development; contemporary issues and practices relating to managing people and organisation's; key factors in the organisation's environment that impact on how managers and the organisations work.
Objectives
The learning goals associated with this unit are to:
- define management and summarise the evolution of management ideas on how managers may influence, people, organisations and their contexts to achieve organisational goals. This includes an awareness of the cultural contexts of the original source, development and contemporary application of management theory and practice
- identify and discuss contextual factors in the organisation's environment that impact on how people, managers and organisations interact
- describe how decision-making, planning, leading, organising and controlling can be managed in organisations
- examine the impact on individuals and organisations of contemporary issues in management including, stakeholder interests, ethics and social responsibility
- apply the skills of academic writing, research, questioning and analysis required of the management discipline.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prohibitions
MGW1100 - Managerial communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Pieter Van Dijk
Offered
Berwick First semester 2009 (Day)
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa First semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit is designed to develop students' awareness of communication issues within organisational settings and their own capacity as professionals to communicate effectively. The unit emphasises the importance of effective communication both oral and written, introduces models of communication and focuses on communication as process and transaction. Overall the unit is designed to allow students the opportunity to explore the ways in which intrapersonal, interpersonal, group and organisational communication are experienced within organisations.
Objectives
The learning goals associated with this unit are to:
- describe the major theories underpinning managerial communication
- examine the relationships between different managerial communication theories and concepts
- discuss managerial communication in the context of organisational examples
- compare and contrast verbal and nonverbal messages and examine their impact on interpersonal communication
- extend skills in written and oral expression as relevant to the unit assessment tasks.
Assessment
On-campus: Within semester assessment: 60%
Examination (2 hours): 40%
Off-campus: Within semester assessment: 60%
Examination (2 hours) 40%
Contact hours
3 hours per week
Prohibitions
MGW2150 - Sports event management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Vaughan Reimers
Offered
Gippsland First semester 2009 (Day)
Synopsis
This unit comprises part of the Bachelor of Sports Promotion and Event Management. It is designed to provide students with an understanding of, and ability to manage, the diverse array of activities necessary to effectively manage sporting events. This includes the financial components of event management, the ability to plan, implement and present sporting events, and the ability to effectively integrate and satisfy the needs of external stakeholders such as sponsors, media, community, and guests.
Objectives
The learning goals associated with this unit are to:
- develop and apply objectives and strategies for sporting events
- describe and demonstrate the planning process for sporting events
- identify cost and revenue streams for sporting events
- demonstrate how to manage relationships with host cities, venues, sponsors, the media, the community and guests
- explain and demonstrate how to manage unexpected situations.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
MGW2200 - Festivals and events
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Jennifer Laing
Offered
Berwick Second semester 2009 (Day)
Peninsula Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit considers festivals and events as important and growing sectors of the tourism industry. Major topics include the nature, scale and scope of festivals and events, their economic impact and the importance of research and planning for their successful operation. Consideration is given to their social and environmental impacts and strategies for minimising any negative effects
Objectives
The learning goals associated with this unit are to:
- analyse the conceptualisation of an event
- identify the different meanings and impacts of events
- distinguish the role of stakeholders in event planning and management
- analyse operational issues in the planning of an event.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGW3100
MGW2230 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Melanie Bryant
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
Students gain an understanding of factors affecting the behaviour of people in work settings. The unit focuses on individual, group, and total organisational human factors influencing the effectiveness of organisations, including: the nature of organisations in the global context; individual behaviour including perception, attitudes, values and personality, motivation and performance; group behaviour in organisations -- the properties and management of groups, leaders and leadership, organisational power, influence, communication, conflict and decision making; organisational structure; organisational culture; change; the formal and informal organisation.
Objectives
The learning goals associated with this unit are to:
- examine theories of organisational behaviour (OB) to develop fundamental knowledge of OB as an area of management
- analyse OB issues from multiple workplace perspectives
- examine how managers can use knowledge of OB to manage individual employees and teams
- apply theoretical OB concepts to organisational situations using the case study method
- demonstrate skills in evaluation and analysis of OB concepts.
Assessment
On-campus: Within semester assessment: 60%
Examination (2 hours): 40%
Off-campus: Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGW1010 before undertaking this unit
Prohibitions
MGW2322 - Recruitment and selection
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Renee Paulet
Offered
Berwick First semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
This unit will critically analyse the role and function of recruitment, selection and placement processes in human resource management including: pre-recruitment needs, attracting the right person to the vacancy, short-listing applicants, selection methods and measurement, contracts of employment and induction. Contextual factors within the internal and external environment, such as legal and ethical requirements, will be explored.
Objectives
The learning goals associated with this unit are to:
- explore and critically analyse the current practices and theories of recruitment, selection and placement, including the identification of recommendations to improve current practices
- critically analyse the role and function of recruitment and selection in relation to the
- examine the ethical and legal requirements of the recruitment and selection process and illustrate how these impact on the process
- understand the role of internal and external consultants and analyse the relationships
- explore the role of recruitment and selection in different contexts and identify future issues and trends in the profession.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
MGW2323 - Employment relations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Sandra Cockfield
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit focuses on employment relations issues, mainly in the Australian context. It includes an overview of the economic, legal and social elements of the employment relationship and the management of commitment and discontent in the workplace; the role of the parties: workers, employers, their collective organisations and the state; the processes of regulation: conciliation and arbitration, individual contracts, enterprise bargaining, negotiation; employment practises: pay, employment, work organisation and skill formation; international influences on employment relations; equity and justice in the workplace.
Objectives
The learning goals associated with this unit are to:
- apply ideas, concepts and theories to analyse employment relations in Australia
- utilise international perspectives on significant employment relations issues for evaluating employment relations in Australia
- identify and examine the relevant actors, institutions and processes and assess how they shape relations between management and workers a the workplace
- identify and examine different perspectives and value systems in employment relations and assess how they influence the strategies and policies of the various parties
- critically evaluate contemporary developments in employment relations at the international, national, industry and workplace levels.
Assessment
On-campus: Within semester assessment: 50%
Examination (3 hours): 50%
Off-campus: Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prohibitions
MGW2332 - Managing services
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Andrew O'Loughlin
Offered
Not offered in 2009
Synopsis
The essential features and principles of service management. Emphasises the role of consumers, service relationships and quality. Insights are provided into the fundamentals of service management including service design and positioning, value and pricing. The management of employees and internal processes, and organisational interfaces between marketing operations and human resources are discussed.
Objectives
The learning goals associated with this unit are to:
- evaluate the role of service management and its relationship with other organisational functions
- promote understanding of the need to integrate service quality into all services management activities
- provide the necessary skills to be able to examine the various approaches to service management
- develop an understanding of service management, its measurement and relationship with other operational functions
- relate management theory with practice.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
Off-campus, approximately 12 hours per week, second semester
MGW2351 - International business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Max Coulthard
Offered
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Sunway First semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
The international environment including international trade and investment, and the legal, political, cultural and technological contexts faced by internationalising organisations; forms of operations available to the internationalising organisation; the impact of the multinational enterprise; international strategic planning.
Objectives
The learning goals associated with this unit are to:
- examine the impact the international environment has on the internationalisation process of an organisation
- evaluate the role and influence of government and international funding and trade organisations
- identify the strategic issues impacting on internationalising organisations
- analyse how entry mode choice and the functional areas of management impact on the internationalisation of a firm.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGW1010 before undertaking this unit
Prohibitions
MGW2430 - Human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Wendy Webber
Offered
Berwick Second semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Singapore First semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
Analysis of the strategic role of HRM in organisations, human resource planning, job design, staffing, performance management, training and development, reward systems, legal issues in employment, HR information systems, and the contribution of HRM to competitive advantage.
Objectives
The learning goals associated with this unit are to:
- understand the organisational role and context of HRM
- describe how HRM can contribute to the achievement of strategic and operational organisational objectives
- identify and describe the influence of an organisation's external environment on HRM
- identify the range of HR activities and techniques and explain how they can determine, acquire, develop, motivate and reward employees
- describe contemporary issues in managing human resources and discuss their influence on HRM.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGW1010 before undertaking this unit
Prohibitions
MGW2501 - Introduction to Tourism
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glen Croy
Offered
Berwick Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit provides an introduction to tourism studies. The main areas covered include the key components of the tourism industry, the importance and function of tourist attractions, motivations and types of tourists and the social, economic and environmental impacts of tourism.
Objectives
The learning goals associated with this unit are to:
- describe and interpret tourism through a range of perspectives and lenses, such as historical, geographical, economic, legal, and marketing perspectives
- Identify and distinguish tourism and hospitality industry sectors
- recognise the relevance of research methods and forecasting to tourism
- identify and apply sustainability principles as they relate to tourism
- outline and apply communication and behaviour theory to tourism.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prohibitions
MGW1501
MGW2511 - Managing quality, innovation and knowledge
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Richard Cooney
Offered
Peninsula First semester 2009 (Day)
Synopsis
The unit provides and introduction to contemporary quality management practice with a focus on customers, business partners and people working within organisational systems. The unit covers quality management theory, quality control systems, continuous improvement, product and process innovation, the management of knowledge for innovation, teamwork systems and organisational restructuring for innovation and quality management.
Objectives
The learning goals associated with this unit are to:
- define quality in terms of its historical perspective and its role in organisations today
- identify core principles of quality management and comment critically on their
- explain the significance of innovation for improving the competitive position of
- examine the role of process improvement as part of a continuous improvement
- describe and critically assess alternative approaches to implementation of quality
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGF2511, MGC2250
MGW2522 - Tourist communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Professor Betty Weiler
Offered
Berwick Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit introduces and develops an understanding of the role of communication in the tourism experience, including pre-visit, on-site and post-visit communication. The impacts of image and the media on tourism and the tourist experiences are examined. A major focus of this unit is the contribution of communication theory to cross-cultural communication and visitor interpretation.
Objectives
The learning goals associated with this unit are to:
- outline and analyse the importance of image and the role of the media in tourism
- analyse tourist communication theory including interpretation
- deconstruct cross-cultural considerations to tourist communication.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prohibitions
MGW2520
MGW2601 - Tourism planning
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Warwick Frost
Offered
Berwick First semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
An introduction to the planning process, approaches to tourism planning, planning analysis and synthesis, tourism policy and plan formulation, forms of tourism development, planning the institutional elements of tourism, tourism plan implementation.
Objectives
The learning goals associated with this unit are:
- define regional planning and project management
- analyse the macro and micro context of tourism planning
- analyse tourism systems and industry structure
- apply resource management techniques to tourism planning
- deconstruct internal tourism business planning
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours class contact
Prerequisites
MGW1501, MGW2501
Prohibitions
MGW3601
MGW2700 - Project management for small to medium enterprises
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Damian Morgan
Offered
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Gippsland Summer semester A 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Synopsis
Project management for small to medium enterprises introduces the essential concepts, tools and techniques relevant to project management. The unit content covers the broad perspectives of managerial skills and knowledge required to initiate, implement, and evaluate successful projects. These perspectives include strategic planning, financial control, human resource management, and project evaluation. Throughout the unit, the application of relevant information technology and the pursuit of quality outcomes underpin and reinforce these perspectives.
Objectives
The learning objectives of this unit are to:
- explain the key concepts in project initiation including selection, feasibility, and planning
- identify and demonstrate, with examples, the implementation tasks including the preparation of cost estimates, tasks scheduling and project team leadership and coordination
- demonstrate methods to control projects and determine the criteria to evaluate projects
- describe the project completion process
- apply tools and principles to project management through use of information technology, setting quality standards, risk analysis, and identifying obstacles to project success.
Assessment
Within semester assessment: 50%
Examination (3 hours) 50%
Contact hours
Equivalent to 39 contact hours per semester. Study is online and by flexible delivery.
MGW3121 - International business strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Max Coulthard
Offered
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Peninsula Second semester 2009 (Day)
Synopsis
This unit will concentrate on the nature and need for international strategy; the internationalisation process; the context of international strategy; regional strategy; the dynamics of international competition; role of culture in international strategy; corporate control of global corporations and strategic forms of multinational corporations (MNCs); international strategy in services; modes and patterns of international expansion and the management of international strategic cooperation; international strategy and learning; MNCs political strategies; international strategy process and success of international strategies; managing supply chain in the international arena.
Objectives
The learning goals associated with this unit are to:
- describe the concepts and use basic tools for competitive analysis and strategic planning in the international environment
- identify strategies for SMEs and multinational organisations to operate in a global setting
- analyse the opportunities and risks involved in international strategic management and evaluate the impact different modes of foreign operations have on the internationalising organisation
- describe the influence of various stakeholders on the internationalising firm
- identify how internal operations impact on the internationalisation process.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
MGW3130 - Organisational change and development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Melanie Bryant (Semester 1); Andrea Howell (Semester 2)
Offered
Berwick First semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
This unit introduces students to various concepts of organisational change and development. It covers topics including: theories of organisational development, organisational change and organisational transformation; the role of the organisational change practitioner; development of change interventions; employee responses to change; and challenges of change.
Objectives
The learning goals associated with this unit are to:
- introduce students to organisational change and development theories and develop
- explore various models and analytical tools used by organisational change practitioners
- identify and critically evaluate a variety of organisational change interventions
- develop an understanding of the challenges that both managers and employees face when experiencing change
- develop critical thinking and analytical skills in applying organisational change theory to various workplace situations.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGW3210 - Organisational wellness
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Andrea Howell
Offered
Berwick Second semester 2009 (Day)
Synopsis
This unit is designed to develop students' awareness of current theoretical perspectives on and of empirical evaluations of organisational initiatives designed to foster wellbeing at both the individual and organisational level. The unit will provide a macro-level framework for examining an organisation's social, ethical and environmental responsibility, followed by an examination of organisational level approaches to wellness including work/life initiatives and OH&S initiatives. At the micro-level the unit will address strategies the individual employees may use to manage their own state of wellness.
Objectives
The learning goals associated with this unit are to:
- appreciate the relationship between the changing face of organisations into today's business environment and the need for managers to attend to organisational wellness
- identify predictors and consequences of 'wellness' and 'toxicity' in the organisational context
- describe and evaluate current organisational wellness initiatives
- analyse and evaluate current theoretical frameworks of 'wellness' in order to understand and devise 'healthy' organisation initiatives.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week
Prerequisites
Students must have passed MGW1010 before undertaking this unit
MGW3352 - Service operations management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Andrew O'Loughlin
Offered
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Singapore First semester 2009 (Off-campus)
Synopsis
An introduction to the service concept, service operations management and the role of operations in business strategy. Management processes and systems are introduced to cover structuring the service enterprise (the service delivery system, facility location and layout), and managing service operations (quality and productivity, queuing, facilitating goods, capacity and demand).
Objectives
The learning goals associated with this unit are to:
- explain the role of service operations and its relationship with other organisational functions
- provide the necessary skills to be able to examine the various approaches to service operations management
- develop an understanding of service operations productivity, its measurement and relationship with other operationl functions
- demonstrate the importance and interrelatedness of the relationship between service and manufacturing operations management
- relate management theory with practice.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
MGW3381 - Management information systems
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Chye Kok Ho
Offered
Sunway First semester 2009 (Day)
Synopsis
The components of IT; characteristics of hardware, software and telecommunications; types of information systems; networking and the worldwide web; managing 'information' workers; using IT to promote business objectives and gain competitive advantage; systems development methodology; IT-enabled transformation to create adaptive, flexible organisations; social and system issues associated with IT; managerial problems posed by IT. Computer laboratory exposure to a variety of applications software including electronic mail, project management, graphics, and other decision support software.
Objectives
The learning goals associated with this unit are to:
- define MIS in terms of its historical perspective and its role in organisations today
- list core principles of MIS and comment critically on their implications in improving the competitive position of businesses
- apply principles of management thought and practice in a simulated, competitive business environment
- define components of competitive intelligence and practice competitor analysis
- develop critical thinking skills and experience business decision-making from a long-term, senior manager's perspective and improve team skills.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Contact hours
3 hours per week
Prohibitions
MGW3401 - Strategic management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Associate Professor Sonja Petrovic-Lazarevic (Semester 1); Dr Ali Haidar (Semester 2)
Offered
Berwick Second semester 2009 (Day)
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Gippsland Summer semester A 2009 (Off-campus)
Sunway First semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula First semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
Business environments including markets, critical success factors, and strategies employed to gain a competitive advantage; the nature of strategic management; the analysis and interpretation of business environments; the nature of competition, relative position of firms, individual strategies and their relationship to critical success factors; strengths and weaknesses related to production, logistics, finance, R and D, marketing, administration etc.; the role of structure, controls, rewards, culture and leadership in implementation.
Objectives
The learning goals associated with this unit are to:
- identify factors that help companies to survive and prosper
- compare various models and the actual processes of managing strategies
- evaluate various techniques of analysing situation that require a strategic response
- debate the factors that lead to strategy success and failure
- apply strategic management concepts in such areas as e-business and public and non-profit sectors.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGW3430 - International human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Peter Townsend
Offered
Berwick First semester 2009 (Day)
Gippsland First semester 2009 (Day)
Gippsland First semester 2009 (Off-campus)
Singapore First semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
Introduction to the major differences between domestic and IHRM; cultural, social and ethical issues for IHRM; IHRM planning, policies and procedures; international relations and evaluation of host country environments; recruitment and selection; remuneration; training and compensating expatriates; maintaining the employment relationship within international operations.
Objectives
The learning goals associated with this unit are to:
- describe the environment and context of International Human Resource Management(IHRM)
- identify and analyse country/regional characteristics and organisational factors that are of importance for managing human resources internationally
- identify and develop key components of IHR strategy and IHR practice for an international firm
- assess the impact of IHRM strategy and practice on an international firm's concerns, goals and structures
- evaluate strategies for the establishment and maintenance of ethical and sound employment relationships within international organisations.
Assessment
Within semester assessment: 60%
Examination (2 hours) 40%
Prerequisites
Prohibitions
MGW3502 - Tourism policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Warwick Frost
Offered
Berwick First semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
The unit considers how and why governments develop tourism policies that affect the tourism industry, related sectors, the community and the environment. The first half considers the tourism making framework in Australia. The second covers some major contemporary issues in tourism policy.
Objectives
The learning goals associated with this unit are to:
- explain the role of government in tourism
- analyse government consultation and engagement with communities and other stakeholders
- identify and evaluate government policy processes
- identify key contemporary issues and critique government response to these.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGW1502, MGW2502
MGW3521 - Tourist behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Ms Jennifer Laing
Offered
Berwick First semester 2009 (Day)
South Africa First semester 2009 (Day)
Synopsis
This unit is focused on theories and models tourist behaviour including consumer behaviour, tourist decision-making and on-site behaviour. It explores the concept of the tourist experience. Issues, theories and debates around topics such as authenticity, tourist motivation and tourist satisfaction are also examined.
Objectives
The learning goals associated with this unit are to:
- to explain and analyse theories of authenticity and dissonance
- to distinguish and analyse models and theories of tourist motivation
- to analyse tourist expectations and drivers of satisfaction
- to explain and critique tourist decision-making, experience and on-site behaviour.
Assessment
Within semester assessment: 60%
Examination: 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGW2521
MGW3541 - Tourism management projects
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Glen Croy
Offered
Not offered in 2009
Synopsis
Project description, environmental assessment, tourism profile, revenue projections, investment analysis, management plan, staffing, marketing.
Objectives
The learning goals associated with this unit are to:
- distinguish a destination's tourism attractions
- explain developing nation and indigenous sustainable tourism issues
- outline tourism ethics and its relevance to sustainability
- deconstruct the role of heritage within destinations
- evaluate sustainability and destination development and impacts.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGW3542 - Sustainable tourism destinations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Jennifer Laing
Offered
Berwick Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
This unit is identified and presented as the capstone unit for the tourism major in the Bachelor of Business and Commerce and as such draws together the learning and experiences gained from previous tourism units, other units and general life experiences. It includes consideration of key issues around the general theme of sustainable destinations. It provides an opportunity to apply sustainability principles and ethics to managing tourism destination development and its impacts.
Objectives
The learning goals associated with this unit are to:
- distinguish a destination's tourism attractions
- explain destination sustainable tourism issues
- outline tourism ethics and its relevance to sustainability
- evaluate sustainability, destination development and impacts.
Assessment
Within semester assessment: 100%
Contact hours
3 hours per week and one full day field trip
Prerequisites
Prohibitions
MGW3681 - International management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Peter Townsend
Offered
Gippsland Second semester 2009 (Day)
Gippsland Second semester 2009 (Off-campus)
Sunway Second semester 2009 (Day)
Singapore Second semester 2009 (Off-campus)
Peninsula Second semester 2009 (Day)
South Africa Second semester 2009 (Day)
Synopsis
A study of management theory related to varying cultures, the multinational business enterprise and the significance of cross-cultural variables in the business environment. Topics include ethics and social responsibilities; communication; leadership; motivation, control and conflict; human resource management and industrial relations.
Objectives
The learning goals associated with this unit are to:
- relate management theory to various and different cultures
- appreciate the complex challenges of the multinational business enterprise at the interpersonal and operational levels
- compare and contrast a range of cross-cultural variables in the business environment.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Prohibitions
MGX1400 - Systems thinking for sustainability
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Rod Sarah
Offered
Caulfield Second semester 2009 (Day)
Synopsis
This unit combines a broad introduction to the field of 'systems thinking' with a range of systems tools and methods to help students and managers understand and deal with complex systems such as modern organisations or the global climate system. Focusing on a 'new' way of thinking about complex system problems, systems thinking is widely considered essential in understanding and effectively managing contemporary complex organisations as well as complex social and natural system problems such as poverty, environmental degradation, or climate change. The unit is presented both as a set of thinking skills and practical skills that enable policy makers, business managers and public servants to act more effectively and responsibly within their organisations and a complex world.
Objectives
The learning goals associated with this unit are to:
- describe and contrast Systems Thinking with more traditional approaches, as a generic set of 'new' thinking skills for understanding and dealing with a range of complex systems from modern organisations to the global climate system
- develop awareness and understanding of a range of the essential principles, tools and methods of systems thinking
- apply the systems thinking tools and methods to generate insights and learning about complex organisations and social/natural systems
- communicate systemic insights using the tools and methods of systems thinking.
Assessment
Within semester assessment: 60%
Examination (2 hours, open-book): 40%
Contact hours
One 1.5-hour lecture and one 1.5-hur tutorial per week
Prohibitions
MGX3100 - Management ethics and corporate governance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Elizabeth Prior Jonson (Clayton); Dr Michelle Greenwood (Caulfield)
Offered
Caulfield First semester 2009 (Day)
Caulfield Second semester 2009 (Day)
Clayton First semester 2009 (Day)
Synopsis
Do corporations have any responsibilities beyond profit maximisation? To what extent should business activities be left to the operation of the free market and to what extent should they be regulated through internal and external mechanisms? This unit examines the theoretical foundations of the different answers that have been given to these two fundamental questions. More specifically it examines the topics of ethical issues in marketing and advertising, climate change and environmental protection regulation and corporate governance, human resource management and social accounting.
Objectives
The learning goals associated with this unit are to:
- identify important ethical issues that arise in various business contexts
- explain the implications of adopting different approaches to Corporate Social Responsibility
- critically assess the strengths and weaknesses of the different approaches to Corporate Social Responsibility
- critically assess the strengths and weaknesses of different mechanisms for regulating business behaviour
- apply different approaches to Corporate Social Responsibility and different approaches to regulation to issues specific to marketing, HRM, environment and social accounting.
Assessment
Within semester assessment: 40%
Examination (3 hours): 60%
Contact hours
3 hours per week
Prerequisites
Completion of 12 units (72 points) of study
MGX3441 - Human resource strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Susan Mayson
Offered
Caulfield First semester 2009 (Evening)
Synopsis
Identifies and develops the thinking skills that enable the formulation of innovative HR strategies that advance business needs and objectives. Topics include: the external and global environment for HRM, strategic staffing, strategic employee and career development, strategic performance management and reward, strategic design of work processes and systems, the strategic relationship between technology and HR, and characteristics of innovative and value-adding HR systems.
Objectives
The learning goals associated with this unit are to:
- critically assess the various areas of HRM strategy
- judge the role and importance of SHRM in enhancing organisational performance
- discriminate the differences in the key models of SHRM
- summarise how HRM can be used as a strategic tool for gaining competitive advantage
- recommend how to implement strategic HRM procedures into organisations.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%
Contact hours
3 hours per week
Prerequisites
MGX3771 - Operations management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Daniel Prajogo
Offered
Caulfield First semester 2009 (Day)
Synopsis
Unit covers the major activities within the operations function of businesses, both manufacturing and service. The essential role of operations is to deliver value to customers by providing the right products, at the right quality standard, in the right quantities, at the right times, and doing so at the right cost (efficiently). The key operations activities included in this unit starts from pre-production tasks (designing products and processes), resource and capacity planning, sequencing and scheduling of the operations, supply chain and inventory management, quality control, and improvement methods whereby the system and its procedures are modified in the light of learning process.
Objectives
The learning goals associated with this unit are to:
- identify and describe the components of the operations management function in different types of organisations
- explain operations process planning and control including capacity, scheduling, inventory and materials requirements planning
- examine the concepts of managing people and processes as part of a manufacturing system
- analyse decision problems in operations and the relationship of operations decisions to other business decisions
- communicate in writing the results of analysis of operations.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
12 units (72 points)
MGX3991 - Leadership principles and practices
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Sen Sendjaya
Offered
Caulfield Second semester 2009 (Day)
Clayton First semester 2009 (Day)
Synopsis
This interactive unit examines principles and practices of leadership which are vital for aspiring leaders of the future. Through a personal portfolio of leadership concepts, character, and competencies, students develop their potential for growth as strategic leaders of the 21st century organisations. Inspiring stories of leadership successes and failures from exemplary leaders in the past and present will guide students' leadership journey to find their own authentic voice. A plethora of cutting-edge leadership materials (research articles, movies and videos, case studies, role-plays, games, self-assessments) will also be featured weekly to enhance students' learning experience.
Objectives
The learning goals associated with this unit are to:
- critically assess the strengths and weaknesses of major theories of organisational leadership
- formulate a framework of leadership that would help students make sense of their current and future leadership experiences and discern critical lessons drawn
- develop a higher self awareness of students' own personality, values, attitudes, and styles as well as strengths and weaknesses pertinent to their leadership aspirations
- construct a personal leadership philosophy outlining students' convictions on ethical and compassionate leadership and its impacts on in real-world organisational contexts
- analyse and synthesise crucial roles and positive impacts that managers and leaders can make to organisations and their stakeholders.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
It is recommended that students complete MGC1010, MGF1010 or MGW1010 before undertaking this unit.
MGX4000 - Introductory management research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ross Donohue
Offered
Caulfield First semester 2009 (Evening)
Synopsis
Basic introduction to research design in management; types of research designs; qualitative and quantitative data collection and measurement techniques; coding data; reliability and validity; qualitative and quantitative methods of analysis; interpreting and discussing results; structuring and writing the research report; integrating individual research into overall management literature.
Objectives
The learning goals associated with this unit are to:
- critically analyse and interpret basic research designs in the management discipline
- construct research questions grounded in a theoretical and conceptual framework
- assess the appropriateness, types, and use of qualitative and quantitative data collection and analysis techniques as a means of investigating and answering research questions in the management discipline
- identify, search for, and locate secondary data and knowledge relevant to management research, as well as understanding the process of generating or collecting primary data
- develop academic writing skills appropriate to the discipline for reporting on business management research projects.
Assessment
Within semester assessment: 50%
Final examination (3 hours): 50%
Contact hours
One 2-hour lecture and one 1-hour tutorial per week
Prohibitions
MGX4100 - Perspectives and paradigms in management theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Elizabeth Prior Jonson
Offered
Clayton First semester 2009 (Day)
Synopsis
This unit analyses different ways in which management has been represented in management theory, and how these have affected judgements about the rationality and legitimacy of management practice.
Objectives
The learning goals associated with this unit are to:
- identify the different perspectives from which a particular event or process may be viewed
- demonstrate a sound understanding of a selection of paradigms that are relevant for solving contemporary management problems
- critically assess the strengths and weaknesses of competing paradigms
- select a particular area of interest and appropriate paradigms for paradigm comparison.
Assessment
Within semester assessment: 50%
Examination (3 hours): 50%
Prerequisites
Students must be enrolled in course 0508 or 0181 to undertake this unit
MGX4200 - Data analysis for organisational research
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ross Donohue
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Graphical and multivariate data analysis techniques to communicate information derived from large scale survey data. Desktop and mainframe information technology is integrated to analyse data from various surveys. Teaching strategies include weekly workshop sessions dealing with the principles of data analysis; practical computer laboratory sessions; individual and team-based exercises.
Objectives
The learning goals associated with this unit are to:
- select and conduct preliminary analyses of data in order to assess their suitability for further analysis
- demonstrate proficiency in the use of data analytic software such as SPSS
- analyse data using qualitative techniques (eg: content, thematic analysis) in order to answer research questions and/or test hypotheses
- analyse data using quantitative techniques (univariate, bivariate, multivariate) in order to answer research questions and/or test hypotheses
- interpret and report the results/findings obtained from qualitative and quantitative data analytic techniques.
Assessment
Within semester assessment: 60%
Examination (2 hours): 40%
Contact hours
3 hours per week
Prerequisites
Students must be enrolled in course 0181 or 0508 to undertake this unit
Prohibitions
MGX4300 - Contemporary issues in management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Jeff McLean
Offered
Caulfield Second semester 2009 (Day)
Synopsis
Topics selected for emphasis will alter as contemporary issues change. The study of great ideas in management on motivation, job design, human resource management, ethics, social responsibility, leadership, production/operations management, business policy, strategy, and the management process are explored through the study of the works of major management scholars.
Objectives
The learning goals associated with this unit are to:
- identify and critically examine a range of Contemporary Issues in Management from a variety of theoretical and practical perspectives
- demonstrate a range of relevant scholarship/research skills in acquiring, integrating, interpreting, synthesising, utilising and communicating information about the contemporary issues examined
- summarise the major implications of the issues examined as they relate to 1) their own lives and their careers in organisations, 2) the theory and practice of managers and management, and 3) the broader societal and environmental implications of the issues, both now and into the future
- demonstrate skills in written and inter-personal communication including creating effective learning environments for themselves and others.
Assessment
Within semester assessment: 70%
Examination (2 hours): 30%
Contact hours
3 hours per week
Prerequisites
Students must be enrolled in course 0181 or 0508 to undertake this unit
MGX4400 - Research thesis
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Dr Ross Donohue
Offered
Caulfield Full year 2009 (Day)
Caulfield Second semester to First semester 2009 (Day)
Clayton Full year 2009 (Day)
Synopsis
Students work under the guidance of a supervisor to carry out research that addresses: a classic or contemporary disciplinary debate; a current policy issue; or a generic issue within management practice.
Objectives
The learning goals associated with this unit are to:
+ design and execute an independent research project over the course of two semesters, under the guidance of a staff supervisor. Projects may be based in qualitative or quantitative methodologies, or may include a mixed methods approach For example, a quantitative project based on surveys will typically require: elucidation of the research question, conduct of a critical review of the relevant literature in relation to the chosen topic area, deriving hypotheses, identifying a target population, gaining ethics approval, designing a questionnaire, gathering the data, analysing the data using appropriate techniques, drawing conclusions and producing a major analytical thesis of up to 20,000 words on the project.
Assessment
Within semester assessment: 100%
Prerequisites
Students must be enrolled in course 0181 or 0508 to undertake this unit
Prohibitions
MKC1200 - Principles of marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate Faculty of Business and Economics
Leader(s): Mr Ian Walker
Offered
Clayton First semester 2009 (Day)
Clayton Second semester 2009 (Day)
Synopsis
This unit introduces students to the broad discipline of marketing. It encompasses marketing's role in a dynamic business environment and introduces students to the concepts and strategies employed by marketers in facing the challenges presented by the ever-changing world of business. The aim of the unit is to provide students with the conceptual skills necessary to identify and solve marketing problems. The unit provides a foundation for those students seeking to pursue further study in marketing; however it covers the broad scope of marketing for those students undertaking only one marketing unit.
Objectives
The learning goals associated with this unit are to:
- describe the key concepts upon which the practice of marketing is based
- recognise these concepts in the marketplace and in everyday life
- discuss the role and influence of marketing in the organisational environment
- discuss how key marketing concepts can be used in analysing a range of marketing problems.
Assessment
Within semester assessment: 50%
Examination (2 hours): 50%