BFC2340 - Debt markets and fixed income securities - 2018

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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


Business and Economics

Organisational Unit

Department of Banking and Finance

Chief examiner(s)

Associate Professor Philip Gharghori (First semester)
Dr Zhongyan Zhu (Second semester)


Associate Professor Philip Gharghori (First semester)
Dr Zhongyan Zhu (Second semester)

Unit guides



  • First semester 2018 (On-campus)
  • Second semester 2018 (On-campus)


BFC2140 or equivalent.




Topics covered in this unit include an overview of debt markets, bond pricing, factors affecting bond prices and yields including bond price volatility and the term structure of interest rates, different types of debt instruments including government, corporate and international bonds, credit risk modelling, bond portfolio construction and management, and finally, bond performance measurement and evaluation.


The learning goals associated with this unit are to:

  1. describe conventions used in debt markets and explain the implications for pricing of products in these markets
  2. apply quantitative skills required for pricing and risk management associated with debt market instruments
  3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with debt markets and fixed income securities and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC2340.


Within semester assessment: 40% + Examination: 60%

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.

See also Unit timetable information