Postgraduate - UnitECC5475 - Financial economics

This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Level	Postgraduate
Faculty	Faculty of Business and Economics
Organisational Unit	Department of Economics
Offered	Clayton Second semester 2015 (Day)
Coordinator(s)	Associate Professor He-Ling Shi

Synopsis

Theories of hedging and speculation; determination of spot and futures prices, and intertemporal allocation; market efficiency; expectations, including adaptive expectations and rational expectations.

Outcomes

The learning goals associated with this unit are to:

understand the trade-off between risk and return
develop the ability to understand literature in financial economics
understand the concepts of adaptive and rational expectations
develop analytical, written and oral skills by writing and presenting research papers.

Assessment

Within semester assessment: 100%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Chief examiner(s)

Associate Professor He-Ling Shi

Prerequisites

ECC4650 or ECF5410 or with permission

Prohibitions

ECC4750, ECX5475