Monash University Handbook 2010 Postgraduate - Course

This course provides the quantitative skills and expertise required to carry out regression analysis, forecasting and financial market analysis, designing and implementing applied econometric projects as well as providing advanced knowledge and skills in finance. These skills are extremely attractive to the business and financial services sector.

The Master of Applied Finance and Master of Applied Econometrics aims to produce graduates who will:

(a.) be critical and creative scholars who:

• produce innovative solutions to problems
• apply research skills to business challenges
• communicate effectively and perceptively

(b.) be responsible and effective global citizens who:

• engage in an internationalised world
• exhibit cross cultural competence
• demonstrate ethical values

(c.) have a comprehensive understanding of their discipline and be able to provide discipline based solutions relevant to the business, professional and public policy communities we serve

(d.) have advanced knowledge to masters level in applied finance and applied econometrics.

Students may be eligible for credit to a maximum of 50 per cent of course requirements for previous graduate level studies. Credits or exemptions will not be granted for undergraduate qualifications.

48 credit points

Upon successful completion of the course graduates will satisfy the educational requirements for senior associate membership of the Financial Services Institute of Australasia and membership of The Finance and Treasury Association Limited at the Certified Finance and Treasury Professional (CFTP) level.

Details of educational requirements for professional recognition can be found at http://www.buseco.monash.edu.au/asg/cds/publications/pg-professional-recognition.html.

This course comprises four compulsory units and 11 electives.

(a.) Students must complete the following three units (18 points):

• AFF5230 Financial markets and long-term funding
• AFF5250 Corporate treasury management
• AFF5270 Funds management

(b.) students must complete three units (18 points) from the following list:

• AFF5040 Advanced investments
• AFF5050 Global banking institutions and issues
• AFF5130 Financial statement analysis and business valuation
• AFF5260 Money market dealing
• AFF5280 Institutional asset and liability management
• AFF5380 Credit risk modelling
• AFF5390 Advanced financial planning
• AFX5860 International studies in banking and finance

(c.) students must complete six units (36 points) from the following list, including a minimum of two units (12 points) at 5000-level:

• ETC5351 Modelling in finance and insurance
• ETC5420 Microeconometrics
• ETC5460 Financial econometrics 2
• ETF5000 Special reading unit 1
• ETF5010 Special reading unit 2
• ETF5200 Applied econometrics
• ETF5231 Business forecasting
• ETF5300 Applied financial econometrics
• ETF5400 Special topics in econometrics 1
• ETF5410 Special topics in econometrics 2
• ETF5480 Optimisation for managers
• ETF5500 Survey data analysis
• ETF5600 Quantitative models for business research
• ETF9100 Introductory applied econometrics
• ETF9121 Data analysis in business
• ETF9200 Econometric analysis in business
• ETF9300 Financial econometrics
• ETF9350 Econometrics for financial markets
• ETF9480 Business modelling
• ETF9700 Mathematics for business
• ETX5440 Econometric theory
• ETX5443 Quantitative economic policy
• ETX9520 Quantitative methods for risk analysis

(d.) students must complete one research project (12 points):

• ETF5550 Research project

(e.) students much complete one of the following units (6 points):

• GSB9001 Personal development - critical thinking and communication
• GSB9002 Personal development - managing self and relationships
• GSB9003 Personal development - professional advancement

(g.) students must complete one relevant graduate level unit (6 points) offered by any department in the Faculty of Business and Economics or other faculties at Monash.

Students wishing to exit the Master of Applied Finance and Master of Applied Econometrics early may apply to graduate with one of the following, provided they have satisfied the requirements for that award:

• Graduate Certificate in Business after successful completion of 24 points of study
• Graduate Diploma in Business after successful completion of 48 points of study
• either of the single masters degrees subject to satisfying the requirements of the single degree.

Master of Applied Finance

Master of Applied Econometrics