Monash University Handbook 2010 Undergraduate - Course

The study of law develops problem-solving skills and powers of analysis. It teaches precise and imaginative use of language. It also promotes ethical thinking and a focus on justice and fairness. It enhances students' thinking, reasoning and expressive abilities within legal and related contexts, leading to employment in the legal profession, law reform agencies, government service or other relevant areas of employment.

The Bachelor of Business (Banking and Finance) component of this course is principally designed for students seeking a career in the banking and finance industry. In addition to a core of business foundation units, the course provides specialist study in a number of key functional areas of relevance to financial institutions and markets.

The objectives of the LLB program at Monash are to enable students to gain an understanding of basic legal concepts and legal institutions and of the historical, social, political and economic factors influencing their development. Upon completion of the LLB, students will be able to identify, use and evaluate the concepts, principles, rules and methods used in legal argument and will have developed oral and written skills, especially of legal argument, legal research and critical analysis. Students will have gained an understanding of concepts of justice, a concern to promote justice and an appreciation of their professional responsibilities.

The learning goals of the Bachelor of Business (Banking and Finance) are to:

• take a structured approach to business data analysis, problem solving and decision making
• apply relevant theory, tools and techniques to solving problems in a dynamic business environment
• carry out an organisation's specific projects and recommend responses to issues and opportunities that may impact on an organisation's performance
• operate effectively in a multidisciplinary business environment while providing specialist advice from a banking and finance perspective
• approach business issues in a professional and socially responsible manner.

Admission to practice: Disciplinary reports

Warning to students of consequences of cheating or general misconduct

Students should note that a local applicant applying for admission to practise law in Victoria is required by the Admission Rules 2008 to provide to the Board of Examiners:

(1.) a report from the university disclosing any disciplinary action taken against the student during the course (including any finding under the University Discipline Statute that the student has cheated in an assessment); and

(2.) an affidavit stating that the applicant has made full written disclosure of "every matter which a reasonable applicant would consider that the Board of Examiners might regard as not being favourable to the applicant". This may include an incident of academic or general misconduct, even if it did not lead to disciplinary action.

The Board of Examiners will consider these matters in assessing whether the applicant is a 'fit and proper person to be admitted to the legal profession'.

The Bachelor of Laws course consists of 12 compulsory units which must be completed by all students enrolled in an LLB program plus a further six 'quasi-compulsory' units which must be completed by students who wish to be qualified for admission to practice as a barrister or solicitor in Victoria. The remainder of the program consists of law elective units chosen by the student. Refer to 'Bachelor of Laws - basic course structure' at http://www.monash.edu.au/pubs/2010handbooks/undergrad/law-08.html. The award of an honours degree in law is based on the weighted average of marks obtained in Monash law units.

The business (banking and finance) component requires that students complete 96 points of study at the Caulfield campus including five compulsory common core units in wider business studies and a 10-unit-major in banking and finance.

Bachelor of Business (Banking and Finance) component

The degree requires completion of 16 units (96 points) from the Faculty of Business and Economics as follows:

(i.) five compulsory common core units (30 points):

• AFF1000 Principles of accounting and finance
• ECF1100 Microeconomics
• ETX1100 Business statistics
• MGF1010 Introduction to management
• MKF1120 Marketing theory and practice

(ii.) a major of 10 units (60 points) in banking and finance

• the requirements of the major are listed below
• at least two units (12 points) must be completed at each of second and third-year levels

(iii.) an additional unit from the faculty in the Bachelor of Business at the Caulfield campus to reach the required minimum of 16 units.

Additional degree requirements:

• BTF1010 Commercial law is excluded from this degree
• two law units (12 points) as a substitute for compulsory core unit BTF1010, comprising LAW1101 (Introduction to legal reasoning) and LAW2101 (Contract A)
• a maximum of eight first-year-level units (48 points)
• a minimum of four third-year-level units (24 points) from the Faculty of Business and Economics
• in addition to specific unit prerequisites, second -year level units require the successful completion of three first-year level units and third-year level units require the successful completion of two second-year level units.

Banking and finance major

(a.) six specified units (36 points):

• AFF1300 Money and capital markets
• AFF2401 Commercial banking and finance
• AFF2631 Financial management
• AFF3121 Investments and portfolio management
• AFF3841 Lending decisions
• MGX3100 Management ethics and corporate governance

(b.) four units (24 points) from the following list:

• AFF2701 Equity markets
• AFF2851 Accounting information systems and financial modelling
• AFF3111 Personal financial planning
• AFF3301 Money market operations
• AFF3331 International banking and finance, or AFX3871 International study program in banking and finance
• AFF3351 Investment banking
• AFF3651 Treasury management
• AFF3751 Futures and options markets
• BTF2601 Banking law
• ECF1200 Macroeconomics
• ECF2331 Monetary theory and policy
• ETF3300 Quantitative methods for financial markets
• ETX2121 Data analysis in business

Bachelor of Law component

First year - 48 points

• LAW1101 Introduction to legal reasoning
• LAW1104 Research and writing
• LAW2101 Contract A
• LAW2102 Contract B
• 24 points first-year-level core units from the Faculty of Business and Economics

Second year - 48 points

• LAW3301 Criminal law and procedure A
• LAW3302 Criminal law B
• 36 points approved by the Faculty of Business and Economics

Third year - 54 points

• LAW3401 Property law A
• LAW3402 Property law B
• 6 points of elective law units
• 36 points approved by the Faculty of Business and Economics

Fourth year - 48 points

• LAW2201 Torts A
• LAW2202 Torts B
• LAW3201 Constitutional law
• LAW4169 Equity
• LAW4170 Trusts
• LAW4171 Corporation law
• 12 points of elective law units

Fifth year - 54 points

• LAW3101 Administrative law
• LAW5104 Civil procedure
• LAW5125 Lawyers, ethics and society
• LAW5159 Evidence
• 30 points of elective law units

Students may undertake honours in business and commerce at the end of three years of study, provided they have met the requirements of the Bachelor of Business (Banking and Finance) program.

Students may graduate with the Bachelor of Business (Banking and Finance at the end of three years of study, provided they have met the requirements of the Bachelor of Business (Banking and Finance) program.

Bachelor of Business (Banking and Finance)

Bachelor of Laws

Bachelor of Laws (with Honours)

Where more than one award is listed for one or both components of the double degree the actual award(s) conferred may depend on units/majors/streams/specialisations studied, the level of academic merit achieved, or other factors relevant to the individual student's program of study.