This unit examines the use of both financial and management accounting information for decision making. Whilst emphasising interpretation by users of accounting information, the unit will also provide students with an introduction and understanding of the preparation, presentation, and interpretation of financial statements. Similarly, the unit will provide an introduction to the preparation and presentation of various forms of management accounting information and aspects of management control. The unit will also provide an introduction to business structures and the governance and regulatory arrangements in respect of financial reporting that pertain to them.

The learning goals associated with this unit are to:

1. describe the merits, and regulatory and financial reporting implications of various forms of business structure
2. informed by an introductory understanding of the accounting process and the presentation of financial statements, critically use financial accounting information to make decisions about financial and other aspects of business performance
3. in the decision making context, apply management accounting techniques relating to full and relevant costing, cost volume profit analysis, budgeting, capital management and accounting for sustainability
4. demonstrate the application of judgement, problem solving, critical thinking and analytical skills.

Within semester assessment: 50% + Examination: 50%

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.

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Students conduct and report on a research project that addresses an important issue in business. The research is likely to have practical as well as theoretical outcomes and implications. The research project is completed under the supervision of academic staff from the Department of Accounting.

The learning goals associated with this unit are to:

1. develop the ability to conduct and manage a planned study within a set time frame
2. demonstrate the ability to ask and answer critical questions that have accounting and policy significance at a professional standard
3. critically analyse the literature relevant to the field of study
4. devise and undertake empirical analysis using a range of techniques appropriate to the area of study
5. communicate research findings in a formal report following the relevant stylistic conventions.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 288 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 six/eight hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

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This unit examines key issues in management accounting, focusing on the relationship between management control systems, behavioural implications, and strategy. Topics include the design and evaluation of management control systems, especially behavioural implications, control typologies, and linkages to corporate governance, ethical issues and value creation. Management control issues in not-for-profit organisations will also be examined.

The learning goals associated with this unit are to:

1. identify and appraise the key issues in management control systems, including technical and behavioural aspects
2. demonstrate an understanding of fundamental issues in business strategy and of the enabling role of management control systems in driving value creation
3. apply a control typology to recommend management control systems suitable for organisations facing different contexts
4. understand and appraise the linkages between contemporary corporate governance and ethical issues and management control systems
5. apply critical thinking, problem solving, and communication skills to individual and/or group activities dealing with management control systems and demonstrate in an individual summative assessment task the acquisition of comprehensive understanding of the topics covered by ACF5080.

Within semester assessment: 50% + Examination: 50%

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.

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In today's business environment the accountant engages with the organisation's senior managers and contributes to strategy formulation and implementation. This unit focuses on the concepts and techniques of business strategy formulation and how management accounting information systems act as a corporate control system providing information for strategic decisions.

The learning goals associated with this unit are to:

1. demonstrate how management accounting systems can be designed to support strategy
2. critically evaluate strategic management accounting concepts and techniques
3. apply management accounting techniques to strategic business decisions
4. analyse and make recommendations regarding the design of performance measurement systems and strategic management accounting systems
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced strategic management accounting and demonstrate in an individual summative assessment task the acquisition of comprehensive understanding of the topics covered by ACF5100.

Within semester assessment: 50% + Examination: 50%

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.

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This unit covers theoretical and practical issues relevant to forensic accounting and fraud examination. Forensic accounting is the application of investigative and analytical skills to resolve financial issues in a manner that meets standards required by courts of law. Fraud examination is the process used to resolve allegations of fraud through the accumulation of evidence, including the investigation of systems and internal controls, and the detection of fraud circumstances. The unit examines the investigative process as well as an array of tools and techniques used to investigate financial forensic issues and fraud. Topics include: methods and techniques used by forensic accountants to collect, analyse and report relevant information for supporting cases to be presented in court; the nature, prevention, detection and investigation of different types of fraud, including: financial statement fraud, fraud against the organisation, consumer fraud, and e-commerce fraud.

The learning goals associated with this unit are to:

1. examine the nature of fraud and critically evaluate and apply theories and techniques to prevent, detect and investigate different types of fraud, including financial statement fraud, fraud against organisations, consumer fraud, and fraud in e-commerce
2. demonstrate the application of knowledge and skills that forensic accountants and fraud examiners are expected to possess. These include: investigative techniques, knowledge of auditing, ethics, criminology, accounting, law, and information technology, and communication skills
3. develop an ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds by completing both independent and group assessable tasks
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with forensic accounting and fraud examination and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF5120.

Within semester assessment: 50% + Examination: 50%

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

The focus of this unit is on the process of business valuation. Topics include capital markets issues, evaluation of industry profitability, accounting analysis including evaluation of earnings management techniques, preparation of pro-forma statements, forecasting, bankruptcy analysis, and business valuation techniques.

The learning goals associated with this unit are to:

1. compare and contrast approaches to business valuation
2. apply economic, industry and business analysis in the valuation process
3. evaluate an entity's accounting information and perform fundamental and financial analysis using a contemporary approach
4. apply prospective analysis including forecasting and valuation to a merger and acquisition case
5. develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to produce a professional quality business document to solve a valuation problem; and/or deliver a professional quality presentation; and/or develop oral communication skills and demonstrate independent thinking through contributions to class discussions; and demonstrate in individual summative assessment tasks the acquisition of an comprehensive understanding of the topics covered by this unit.

Within semester assessment: 50% + Examination: 50%

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.

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The extent to which accounting theories provide a basis for determining the content of external financial reports and resolving accounting controversies. The subject will provide students with the opportunity to further develop skills of analysis, evaluation and synthesis in the areas of financial accounting and reporting and in the process create an awareness of some current developments in accounting regulation.

The learning goals associated with this unit are to:

1. acquire advanced knowledge and skills in understanding research articles
2. synthesise academic literature related to financial reporting issues like voluntary disclosure and earnings management
3. appraise and apply a methodology relating to capital markets research in accounting
4. develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to produce a professional quality business document that reports on the findings of an empirical research project; and/or deliver a professional quality presentation; and/or develop oral communication skills and demonstrate independent thinking through contributions to class discussions; and demonstrate in individual summative assessment tasks the acquisition of an comprehensive understanding of the topics covered by this unit.

Within semester assessment: 60% + Examination: 40%

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

This unit introduces basic accounting principles for non-accountants. The information requirements of two main groups are examined - external users such as owners or investors; and internal users such as managers. The structure, meaning, analysis and interpretation of financial statements are explored, together with key measures of assessing financial performance. Financial issues confronting healthcare managers, such as budgeting, cost management and performance measurement are also introduced.

The learning goals associated with this unit are to:

1. demonstrate an understanding of key accounting principles, terms and language
2. apply financial accounting principles in the preparation of key financial statements incorporating the balance sheet, the income statement and the statement of cash flows
3. analyse and interpret the information contained in basic financial statements and be able to draw conclusions about financial performance, financial position, liquidity and risk of firms in the healthcare sector
4. demonstrate skills in building, analysing and using a budget and
5. apply the principles of management control systems to financial issues in healthcare.

Within semester assessment: 100%

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.

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Business analytics and their applications to financial and management decision making will be explored for a range of business situations including: investment; planning; cash flow management; capital budgeting; contract awards; and risk analysis. Analytics covered include: problem structuring; multiple criteria decision making; optimisation; simulation; and data mining. Upon completion of this unit, students are expected to competently use selected analytics, to provide management interpretation of the solutions and to formulate business analyst's recommendations. The unit utilises advanced computer modelling tools available in Microsoft Excel and other modelling software packages.

The learning goals associated with this unit are to:

1. appraise the role of business analytics in organisations, the decision making life cycle in business and financial management, model building techniques, model solving techniques, interpretation of results from business models and cutting edge business analytics tools
2. propose modelling and simulation as effective business and financial decision making procedure, evaluate the risks and benefits of interactive computer-supported business decision making
3. formulate business problem, choose theoretical framework and decide appropriate decision modelling techniques for given business management situations, assess the limitations of models and the appropriateness of modelling environments
4. integrate critical thinking, problem solving and communication skills in the assessment of individual summative tasks and/or group tasks dealing with business analytics topics covered in ACF5320.

Within semester assessment: 50% + Examination: 50%

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

The objective of this unit is to introduce students to the business aspects of integrated enterprise systems. Enterprise systems are configurable business information systems that integrate information across multiple enterprise functions and business units, support key enterprise processes, and provide an enterprise wide view of business performance. Topics include systems and technology background, business processes and process reengineering, integration of core financial and logistics processes, enterprise wide reporting, and techniques for assessing enterprise productivity and enterprise dynamics. A well-known integrated enterprise system will be extensively used in this unit.

The learning goals associated with this unit are to:

1. discuss the characteristics of enterprise systems and evaluate their contribution to the global marketplace
2. discuss and assess the design and operation of business processes in an integrated system as they support decision making
3. critically analyse the factors that have contributed to world-wide adoption of enterprise systems and the types of benefits obtained
4. demonstrate practical skills by using a popular enterprise system and employing it to solve problems
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with integrated systems for business enterprises and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF5330.

Within semester assessment: 50% + Examination: 50%

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

This capstone unit requires students to synthesize, analyse, evaluate and apply prior knowledge and skills gained throughout the Master of Accounting in a manner that is designed to enhance their ability to transition to a chosen career path. The unit adopts a thematic approach that examines how external and regulatory factors, decision making processes, and stakeholder expectations interact to drive contemporary organisational success. Collectively, these three interrelated pillars of knowledge provide a comprehensive framework for those aspiring for challenging accounting and finance positions. Content is delivered in a weekly seminar format and draws upon selected case studies that cover topics including strategy, corporate governance, financial reporting and performance management. Given the integrative nature of the unit, assessment is primarily based on a combination of individual and group case study analysis.

The learning goals associated with this unit are to:

1. analyse, synthesize and evaluate the effect of accounting policies, regulatory requirements and other external factors on organisational performance
2. analyse, synthesize and evaluate drivers of sustainable competitive advantage and value creation in various organisational and industry settings, including their impact on stakeholder satisfaction
3. analyse, synthesize and evaluate contemporary performance management systems (PMS) and the role played by PMS in strategy formulation and decision making
4. demonstrate written and presentation skills at a level required for a senior career in accounting and business
5. demonstrate research and analytical skills to solve complex accounting and business problems and ethical dilemmas
6. demonstrate a capacity to work independently and lead and participate in teams.

Within semester assessment: 100%

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.

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Accounting is concerned with the provision, analysis and communication of information to stakeholders. Accountants record, summarise, classify, interpret and communicate both financial and non-financial information. In this capstone unit, students will consolidate their previous learning gained throughout the Master of Professional Accounting course and apply their skills and knowledge directly in a team-based environment. The unit aims to prepare students for an accounting and finance career path. Using a virtual integrated business environment, the unit showcases a thematic approach that allows the interaction of regulatory, economic, social, ethical and global perspectives.

The learning goals associated with this unit are to:

1. critically evaluate the effect, direct or indirect, of accounting issues, practices and policies on organisational performance
2. analyse and evaluate drivers of sustainable competitive advantage and value creation in various organisational settings, including their impact on stakeholder satisfaction
3. appraise the role played by contemporary performance management systems (PMS) in strategy formulation and decision making
4. enhance your ability to report, interpret and communicate accounting advice and ideas through written and oral presentation
5. enhance your capacity to work independently, as well as lead, collaborate and participate in teams.

Within semester assessment: 100%

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

This unit examines the use of both financial and management accounting information for decision making. Whilst emphasising interpretation by users of accounting information, the unit will also provide students with an introduction and understanding of the preparation, presentation, and interpretation of financial statements. Similarly, the unit will provide an introduction to the preparation and presentation of various forms of management accounting information and aspects of management control. The unit will also provide an introduction to business structures and the governance and regulatory arrangements in respect of financial reporting that pertain to them.

The learning goals associated with this unit are to:

1. describe the merits, and regulatory and financial reporting implications of various forms of business structure
2. informed by an introductory understanding of the accounting process and the presentation of financial statements, critically use financial accounting information to make decisions about financial and other aspects of business performance
3. in the decision making context, apply management accounting techniques relating to full and relevant costing, cost volume profit analysis, budgeting, capital management and accounting for sustainability
4. demonstrate the application of judgement, problem solving, critical thinking and analytical skills.

Within semester assessment: 50% + Examination: 50%

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

Because most accounting systems are computerised, accountants must understand software and information systems to turn data into financial information and to develop and evaluate controls. This unit builds an understanding of the way accounting information systems work so that students may use, analyse and contribute to the design of accounting information systems and subsystems. Accordingly, the unit provides students with an understanding of critical information technologies that drive information systems; core business processes that allow an organisation to operate efficiently and effectively; common documentation tools used to diagram and assess business processes and databases; and internal control concepts that can be applied to mitigate risks.

The learning objectives associated with this unit are to:

1. understand the use of information systems for business and analyse and make recommendations on the utilisation and design of such systems
2. interpret business process documentation including flowcharts and data flow diagrams
3. communicate with database professionals about the design of databases
4. critique computerised and manual business processes in terms of their exposure to risk, and suggest internal controls that address the risks
5. apply critical thinking and problem solving to activities dealing with accounting information systems.

Within semester assessment: 50% + Examination: 50%

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

This unit provides students with an introduction to accounting and an understanding of the preparation, presentation and interpretation of financial statements. In particular, emphasis is placed on accounting processes, practices and policies that enable the financial performance and financial position of an entity, as displayed by the balance sheet, income statement and statement of cash flows, to be measured, analysed and interpreted.

The learning goals associated with this unit are to:

1. describe and apply the definition and recognition criteria for assets, liabilities, income and expenses as specified in the conceptual framework
2. apply the principles of double-entry accounting and appraise the relative merits of accrual and cash accounting
3. analyse and record accounting transactions throughout the accounting cycle, and prepare financial statements consistent with accounting standards
4. demonstrate effective technical skills to construct accounting records and financial statements using an accounting information system
5. apply principles of selected accounting standards for service and retail organisations
6. critically evaluate an entity's financial position and performance utilising financial statement analysis.

Within semester assessment: 50% + Examination: 50%

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

An overview of the Australian financial reporting and regulatory framework for reporting entities, including an analysis of the relevant significant accounting standards, benchmarking against the conceptual framework, professional reporting requirements and stock exchange requirements. Financial reporting for corporate groups (including the impact of control, joint control and significant influence) and selected issues in financial reporting are also explored and benchmarked against the conceptual framework.

The learning goals associated with this unit are to:

1. describe and compare the regulatory requirements, domestic and international, associated with the preparation of general purpose financial statement for companies
2. apply and critique the accounting rules for entities' investments in other entities, and apply these rules to prepare consolidated financial statements
3. analyse a number of measurement and financial reporting issues and their possible resolution, including: accounting for income tax, post-acquisition accounting for assets, and business combinations
4. develop capabilities to work effectively in a group to produce professional quality research reports; effective individual technical skills to construct consolidated financial statements; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by the unit.

Within semester assessment: 50% + Examination: 50%

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

This unit aims to develop students' understanding of the concepts and techniques of management accounting, and skills in the use of management accounting techniques to communicate decision-useful information to management. The unit content includes costing terminology, cost accumulation and recording systems, costing methods for both manufacturing and service-based organisations, how management accounting information informs key product decisions such as pricing and product mix, and the design of budget systems.

The learning goals associated with this unit are to:

1. apply management accounting principles and techniques to service and manufacturing industry cases
2. compare, contrast and demonstrate various costing models
3. design budgets and explain the behavioural aspects of different budgeting styles
4. examine cost-volume-profit analyses, divisional performance evaluation measures
5. develop capabilities to work effectively in a group; and/or demonstrate effective individual research skills to solve management accounting problems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF5955.

Within semester assessment: 50% + Examination: 50%

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

This unit is one of the final core units in the Master of Professional Accounting, and builds on knowledge and skills gained in earlier units in financial accounting. One of its primary purposes is to introduce students to theories currently being used to assist in understanding the role of financial accounting and reporting in the decision making process of both preparers and users of information. These theories include positive accounting theory, stakeholder and legitimacy theories. It also addresses how regulation might influence the production of accounting information.

The unit addresses a number of contemporary accounting topics, from both a practical and theoretical perspective. These include intangible assets, social and environmental reporting, financial instruments and foreign currency transactions.

The learning goals associated with this unit are to:

1. apply a range of theories of accounting to explain financial accounting and reporting practices and appreciate the judgments, estimations and assumptions influencing accounting numbers
2. critically assess and appreciate changing influences in standard setting, and impacts of regulatory requirements on financial reporting practices
3. assess the role of financial accounting in sustainable development and corporate social and environmental performance reporting
4. analyse a range of financial reporting issues, including intangible assets, financial instruments and foreign currency transactions, from both a practical and theoretical perspective; and demonstrate effective individual research skills to produce professional quality business documents to solve financial accounting problems; and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by this unit.

Within semester assessment: 50% + Examination: 50%

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

Topics include nature and objectives of auditing; auditing standards; audit reporting; audit expectation gap and legal liability; professional ethics and quality control; audit evidence; audit planning, strategic business risk analysis, materiality, analytical review procedures and audit risk model; study and evaluation of internal control and model; assessing control risk CIS audit techniques, test of transactions and tests of balances, completing the audit and post audit responsibilities; internal auditing and performance auditing, other assurance services and current issues in auditing.

The learning goals associated with this unit are to:

1. explain and debate the role, limitations and demand for audits in modern corporate society, and give examples of the professional, ethical and legal obligations, and the standards and principles applicable to the audit profession
2. distinguish between the different types and levels of assurance services provided by professional practitioners, including auditors, and describe the assurance framework
3. examine the auditor's role in corporate governance with particular emphasis on assessment of internal controls and the detection and reporting of fraud and error
4. identify, distinguish between and apply the key evidence gathering procedures used by auditors when planning, testing, completing the audit and forming an audit opinion
5. demonstrate an ability to work independently and to lead and participate in teams from diverse cultural and social backgrounds in independent and group assessable tasks
6. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with auditing and assurance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACF5957.

Within semester assessment: 50% + Examination: 50%

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

This unit is an introduction to basic concepts in accounting and finance and the application of these concepts for decision-making by a wide range of potential users (e.g., shareholders, investment analysts, lenders, managers, etc). This unit is appropriate for those students who wish to specialise in accounting and finance, and whose primary interest lies elsewhere in the field of business. This unit will provide a clear understanding of the accounting process and the language of accounting to enable communication with an accounting professional, understand the relevance of accounting information for informed decision-making by a wide range of potential users, and have the ability to analyse and interpret accounting information.

The learning goals associated with this unit are to:

1. demonstrate an understanding of various forms of business organisations
2. apply financial and management accounting principles in the preparation of financial statements
3. measure and interpret basic concepts and principles of accounting and financial management in making investment decisions
4. develop the ability to work effectively in a team; demonstrate the development of skills in critical analysis and problem solving.

Within semester assessment: 50% + Examination: 50%

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

Introduction to a broad range of research methodology and testing procedures used in accounting research. This unit comprises an analysis of the science of research, an examination of the key elements of research in accounting, general research methodology, data issues, ethical issues, the development of research questions, hypothesis development, and the design and application of a variety of different research methods used in accounting research.

The learning goals associated with this unit are to:

1. explain the major steps in the development of a research project in accounting
2. illustrate the key strengths and weaknesses of different accounting research designs and methods
3. design and apply qualitative and quantitative data analysis techniques and interpret the output
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities.

Within semester assessment: 100%

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

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 data collection; select and conduct an appropriate analysis of the data; and write a report on the project, showing due regard to relevant stylistic conventions.

The learning goals associated with this unit are to:

1. implement a research proposal
2. recognise practical problems of conducting scientific research and propose solutions
3. complete a research dissertation
4. develop the ability to conduct and manage a planned study
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research dissertation.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 432 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 seven/eight 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

The objective of this unit is to provide students with a broad introduction to the contemporary themes in research into Accounting Information Systems. The unit covers issues of research and practice in the following areas: frameworks and ontologies in information systems; decision making; process modelling; behavioural aspects concerned with the design and implementation of systems; and data management issues. Upon completion of this unit, students are expected to be able to evaluate critically the design and conduct of research, and to design their own research into issues of relevance to the accounting information systems field.

The learning goals associated with this unit are to:

1. develop an understanding of key philosophical issues in Accounting Information Systems research, particularly the ontological foundations of the discipline
2. articulate solutions to significant research problems using key paradigms in the Accounting Information Systems discipline
3. critique research relating to the design and use of accounting and business information systems
4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with issues in accounting information systems and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4040.

Within semester assessment: 100%

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

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.

The learning goals associated with this unit are to:

1. evaluate and contrast research paradigms in auditing and assurance research
2. describe and evaluate the range of methods of decision making in auditing
3. critically evaluate empirical research and identify major research questions in auditing and assurance including audit quality, internal control, fraud and corporate governance
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in auditing and assurance and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACX4050.

Within semester assessment: 100%

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

This unit provides an overview of research in financial accounting, including consideration of the major theoretical foundations of the financial accounting discipline and the variety of research methods employed to investigate financial accounting topics. Research related to a variety of contemporary issues in financial accounting research is examined, including the determinants and consequences of accounting policy choice and financial reporting quality.

The learning goals associated with this unit are to:

1. evaluate and contrast research paradigms and relevant theories in financial accounting research
2. evaluate and contrast different research methods used in financial accounting research
3. critically evaluate empirical research and develop an ability to identify major research questions in financial accounting research
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in financial accounting research and demonstrate in individual summative assessment tasks, acquisition of a comprehensive understanding of the topics covered by ACX4070.

Within semester assessment: 100%

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

The unit provides an overview of research in management accounting, including consideration of the major theoretical foundations of the management accounting discipline and the variety of research methods employed to investigate management accounting topics. Research related to a variety of management accounting practices is examined including budgeting, performance measurement, incentives, and formal and informal methods of control.

The learning goals associated with this unit are to:

1. discuss research paradigms and relevant theories as they relate to management accounting research
2. evaluate and contrast research paradigms and different research methods used in management accounting research
3. critically evaluate empirical research and develop an ability to identify major research questions in management accounting research
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in management accounting research.

Within semester assessment: 100%

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

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 regulators 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.

The learning goals associated with this unit are to:

1. develop an understanding the history of accounting standard setting in various countries and the international convergence of accounting standards
2. develop a practical understanding and appreciation of cultural differences within the area of international accounting through an overseas visitation program
3. develop a set of academic skills which include the ability to work independently, evaluate academic papers in terms of the application of theories to understand and explain differences in financial reporting, search the web and to submit assignments on time
4. develop excellent oral and written communication skills to be able to analyse case studies and to lead/participate in groups from diverse cultural and social backgrounds.

Within semester assessment: 100%

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

This unit aims to develop students' understanding of qualitative research, with specific focus on qualitative research philosophy, qualitative research design and qualitative research methods. This unit explores topics such as: paradigmatic approaches to research; research design; negotiation of access to research sites/participants; researcher ethics; methods of qualitative data collection such as observation, interviews, focus groups and non-intrusive data collection; methods of data analysis; issues of qualitative research validity; and qualitative writing.

The learning goals associated with this unit are to:

1. understand the characteristics and usefulness of qualitative research
2. develop a sounds research design
3. understand various matters associated with the conduct of qualitative research such as gaining access and managing ethical issues
4. differentiate between qualitative methods of data collection and determine when each is most appropriate
5. analyse qualitative data using a number of different analytical techniques
6. develop an understanding of different ways in which qualitative data can be written, as well as practical skills in qualitative writing.

Within semester assessment: 100%

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

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.

The learning goals associated with this unit are to:

1. gain comprehensive business-related research skills, including an extensive grounding in a range of quantitative research methodologies
2. gain the necessary quantitative skills to undertake independent research
3. develop effective report writing and communication skills
4. have the ability to comment critically on research publications.

Within semester assessment: 40% + Examination: 60%

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

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.

The learning goals associated with this unit are to:

1. analyse the literature in order to develop subject matter expertise beyond the specific focus of the Honours project
2. synthesise the literature to inform the student's research topic of choice
3. critically evaluate academic literature and present in written and/or oral form key arguments related to the research project.

Assessment will be through a combination of assignments, examinations, and written reports appropriate to the selected area of study and associated activities.

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

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.

The learning goals associated with this unit are:

1. to analyse the literature to determine the research methodology appropriate for the chosen research project
2. to synthesise the literature to inform the students' research method design and implementation
3. to critically evaluate the literature and present in written and/or oral form key arguments related to the selection of methods for the research project.

Assignments, examinations and written reports appropriate to the selected area of study and associated activities

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

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.

The learning goals associated with this unit are to:

1. identify a business or economics-related issue in the research literature which has either not been adequately researched previously or which requires replication
2. critically review relevant academic and business research which relates to the identified issue
3. develop a specific research proposal which has a potential contribution to the business, professional and public policy communities
4. conduct, analyse, discuss and communicate research outcomes in written and oral form in a professional manner.

Within semester assessment: 100%

Minimum total expected workload equals 576 hours per semester

See also Unit timetable information

Unit BEX4130 covers the subject material required for Actuaries Institute subject Part IIB Investment and Asset Modelling. The unit gives an introduction into the investment background for Australian financial institutions, especially those offering insurance and related financial products. It then addresses issues in asset liability management. The student is introduced to the characteristics and behaviour of various investment types and the understanding of the relationship between risk and return. Valuation methods for investment types are addressed. Economic and financial theories relevant to investment are studied. The techniques of setting investment objectives for different investment funds are covered. More detailed issues in relation to asset liability management are then addressed, including how investment policy for assets may assist in managing liabilities for financial institutions.

The learning goals associated with this unit are to:

1. be able to describe and critically discuss the characteristics and behaviour of different Investment types under different economic conditions, understanding the relationship between risk and return and recognising risk factors which includes issuer default, counterparty failure, systemic liquidity, the collapse of speculative bubbles, shocks to the economic system and cyclical/structural changes
2. develop an understanding of the methods used for valuation of the common forms of debt, equity, property and derivative securities. In particular students should be aware of the valuation methods and principles, data requirements and sources and the implicit assumptions and limitations of these models
3. develop an understanding of the application and limitations of the major economic and financial theories relevant to investment, and be able to critically evaluate these theories including the efficient market hypothesis, the capital asset pricing model, multi-factor pricing models and theories from behavioural finance
4. define appropriate investment objectives based on the liability profile of a fund
5. specify appropriate investment constraints, based on the liability profile of a fund
6. identify the characteristics of different types of asset models
7. critically evaluate the appropriateness of an asset model for a given context
8. derive consistent asset assumptions for asset models, taking into account historical data, prevailing industry expectations, contemporary investment literature, and other practical considerations such as tax
9. apply asset assumptions, and the linkages contained within asset models, to real world situations
10. describe and critically evaluate different approaches to asset allocation.

Within semester assessment: 40% + Examination: 60%

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

This unit aims at upgrading your analytical tools in microeconomics, which will help you gain more in-depth understanding of microeconomics and prepare you for rigorous research in economics. Topics include preferences and utility, consumer choice theory, demand analysis, producer theory, game theory, firm behaviour in various market structures, choice under uncertainty, and economics of information.

The learning goals associated with this unit are to:

1. upgrade students analytical tools for advanced microeconomics
2. ensure students obtain in-depth understanding of the key ideas in microeconomic theory
3. gain the ability to apply microeconomics to the analysis of a range of economic issues
4. prepare students to undertake other fourth-year units and further studies in economics.

Within semester assessment: 40% + Examination: 60%

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

This unit examines the notion and implications of market failure in developing countries and discusses possible solutions to addressing such market failure. Specifically, it explores, how in developing countries, innovative and informal institutions fill the void caused by the absence of markets, widespread externalities and the inability of the legal system to enforce contracts. Using a mix of empirical and theoretical approaches this unit examines some of the critical problems faced by developing countries and possible ways of addressing these problems.

The learning goals associated with this unit are to:

1. understanding the economic, social and behavioural implications of poverty and underdevelopment
2. understand the notion and implications of market failure in developing countries and examine possible solutions to addressing such market failure
3. understand the implications of gender discrimination and the policy responses to address such biases in developing countries
4. understand the political economy of developing countries, including efficient ways of targeting disadvantaged groups in the society.

Within semester assessment: 40% + Examination: 60%

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

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.

The learning goals associated with this unit are to:

1. be able to analyse the effects of international trade on real income and its distribution in various market structures
2. have a sound understanding of the allocation and welfare effects of commercial policies
3. possess the skills necessary to evaluate critically contemporary innovations in Australia's trade policies.

Within semester assessment: 40% + Examination: 60%

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

This is an experiential learning unit which requires students to undertake a placement in an organisation and to satisfy a series of academic requirements which seek to enhance their learning experience while undertaking this placement.

Students fulfill the requirements of the placement organisation with the aim of providing exposure to the skills relevant to their area of business, along with providing increased insight into the organisation's activities. Throughout their placement students also need to satisfy a series of academic requirements which seek to enhance their learning experience.

The learning goals associated with this unit are to:

1. enable students to undertake, and reflect upon, an industry placement relevant to their degree program

2. evaluate self-learning and personal development in an organisational environment

3. undertake day-to-day organisational activities
4. where possible analyse problems and prepare and present innovative solutions

5. compare and contrast theory and practice.

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. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

This unit is designed to provide students with the opportunity to put theory into practice in a business environment.

The learning goals associated with this unit are to:

1. develop a deeper understanding of the difference between theory and practice
2. apply theory and ethical values to practice in a supervised environment
3. evaluate personal learning and personal development in a complex business environment
4. apply research skills and provide innovative solutions to complex business problems
5. communicate effectively and perceptively in a business environment.

Within semester assessment: 100%

The contact hours will be spent engaged in supervised industry-based learning activities as part of their placement. This includes time required to attend regular meetings on campus with their academic supervisor.

See also Unit timetable information

The contact hours will be spent engaged in supervised industry-based learning activities as part of their placement. This includes time required to attend regular meetings on campus with their academic supervisor.

This unit is designed to provide students with the opportunity to put theory into practice in a business environment.

The learning goals associated with this unit are to:

1. develop a deeper understanding of the difference between theory and practice
2. apply theory and ethical values to practice in a supervised environment
3. evaluate personal learning and personal development in a complex business environment
4. apply research skills and provide innovative solutions to complex business problems
5. communicate effectively and perceptively in a business environment.

Within semester assessment: 100%

The contact hours will be spent engaged in supervised industry-based learning activities as part of their placement. This includes time required to attend regular meetings on campus with their academic supervisor.

See also Unit timetable information

The contact hours will be spent engaged in supervised industry-based learning activities as part of their placement. This includes time required to attend regular meetings on campus with their academic supervisor.

This unit is designed to provide students with the opportunity to put theory into practice in a business environment.

The learning goals associated with this unit are to:

1. compare and contrast theory and practice
2. apply theory to practice in a supervised environment
3. evaluate personal learning and personal development in a complex business environment
4. analyse complex business problems and to prepare and present innovative solutions.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising independent study under industry and academic supervision.

See also Unit timetable information

As agreed with industry and/or academic supervisor.

This unit is designed to provide students with the opportunity to put theory into practice in a business environment.

The learning goals associated with this unit are to:

1. develop a deeper understanding of the difference between theory and practice
2. apply theory and ethical values to practice in a supervised environment
3. evaluate personal learning and personal development in a complex business environment
4. apply research skills and provide innovative solutions to complex business problems
5. communicate effectively and perceptively in a business environment.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 288 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 six/eight 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

The contact hours will be spent engaged in supervised industry-based learning activities as part of their placement. This includes time required to attend regular meetings on campus with their academic supervisor.

This unit is designed to provide students with the opportunity to put theory into practice in a business environment.

The learning goals associated with this unit are to:

1. compare and contrast theory and practice
2. apply theory to practice in a supervised environment
3. evaluate personal learning and personal development in a complex business environment
4. analyse complex business problems and to prepare and present innovative solutions.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 288 hours per semester typically comprising independent study under industry and academic supervision.

See also Unit timetable information

As agreed with industry and/or academic supervisor.

This unit provides an introduction to the business, regulatory and economic perspectives of climate change mitigation. It investigates how market and regulatory initiatives to mitigate greenhouse gas (GHG) emissions by carbon pricing mechanisms can be managed by liable businesses and other stakeholders, by examining the following:climate change science; economic impacts of climate change; international initiatives to mitigate GHG emissions; investment in low-emissions technologies; carbon pricing regulatory regimes and market trading mechanisms; measurement of business carbon footprint; industry sector interactions with carbon markets and regulatory regimes; accounting issues arising from pricing GHG emissions.

The learning objectives associated with this unit are to:

1. acquire an understanding of climate change mitigation with respect to political, environmental, regulatory and economic impacts on business in the Australian and global context
2. acquire a working knowledge of the main market and regulatory mechanisms for mitigating GHG emissions
3. evaluate the supply and demand side aspects of industries that are the principal GHG emitters and their capacity to mitigate such emissions
4. assess the likely strategies that can be employed by businesses to comply with, and manage, carbon pricing obligations at least cost
5. acquire practical research skills including the ability to work in groups of diverse cultural and social backgrounds and investigate academic, institutional and public media sources
6. demonstrate the ability to evaluate, formulate, and articulate justifiable business strategies and tactics to address the impacts of market and regulatory changes arising from climate change in a summative assessment.

Within semester assessment: 50% + Examination: 50%

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

Illustrates how statistical and econometric methods can be applied to financial data to solve problems arising in financial markets. Also covers modelling, estimating and testing the volatility of financial markets. Practical examples will be discussed in lectures to enhance the understanding of analysing financial data using the statistical and econometric tools taught in this unit. An integral component will be the completion of a number of minor research projects enabling students to develop the necessary skills.

The learning goals associated with this unit are to:

1. identify the issues involved when modelling the dynamics of financial markets
2. estimate volatility models using econometrics software
3. critically evaluate the financial econometrics literature
4. explain the financial market applications of the non linear models developed
5. undertake a research project that applies the techniques and analysis to a financial market of interest.

Within semester assessment: 60% + Examination: 40%

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

This unit introduces students to both foundational and methodological aspects of Bayesian econometrics. Topics covered include a review of the philosophical and probabilistic foundations of Bayesian inference; the contrast between the Bayesian and frequentist (or classical) statistical paradigms; the use of prior information via the specification of objective, Jeffreys and subjective prior distributions; Bayesian linear regression; the use of simulation techniques in Bayesian inference, including Markov chain Monte Carlo algorithms; Bayesian analysis of Gaussian and non-Gaussian time series econometric models, including state space models; and the Kalman filter as a Bayesian updating rule.

The learning goals associated with this unit are to:

1. appreciate the importance of Bayesian statistical techniques in econometric research and understand the differences between the Bayesian and frequentist statistical paradigms
2. acquire the skills necessary to derive Bayesian results analytically, in simple models
3. demonstrate an understanding of simulation methods and be able to implement these methods in empirically realistic econometric models
4. understand the Kalman filter and its role in Bayesian inference in linear time series models.

Within semester assessment: 40% + Examination: 60%

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

We now live in an age where entrepreneurs are key to developing the next generation of innovative game-changing companies and driving commercial value. The business landscape over the coming decades will embrace and require innovation, creativity and entrepreneurship with the survival contingent on the business leaders of tomorrow. This unit brings together the principles required to succeed in a competitive innovation-led world while building a solid foundation of application for commercial exploration of new ideas.

In this unit, with an understanding of the entrepreneurial mindset, students will embark upon a journey of creating innovative business ideas and positioning them for market. A real world project will provide students with a step-by-step systematic road-map approach to hone their business skills and consolidated learning for crisp execution of a business venture.

The learning goals associated with this unit are:

1. to gain an understanding of creativity and sources of innovation
2. to develop an understanding of intellectual property
3. to gain an understanding of Venture funding
4. development and demonstration of entrepreneurial mindset
5. development and demonstration of entrepreneurial creativity
6. development and delivery of business case
7. development and demonstration of pitching competency.

Within semester assessment: 100%

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 an 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

The unit deals with the Australian and overseas approaches to competition policy. The economic background to the Competition and Consumer Act is considered in conjunction with economic policy debates. Market structures with substantial market power are viewed as a pretext to evaluation and regulation of restrictive trade practices and mergers or alliances. Structural reform of public utility industries, access to essential facilities, and monopoly regulation are discussed from the theoretical and contemporary reform perspectives.

The learning goals associated with this unit are to:

1. be able to understand and analyse critically the economic reasons for government intervention to reduce the adverse effects of restrictive trade practices
2. have an understanding of the Australian Competition and Consumer Commission (and its predecessor, the Trade Practices Commission)
3. be able to evaluate recent decisions from the perspectives of an economist, lawyer, policy-maker and business manager
4. be able to research in-depth a current problem area relating to competition policy and practices that requires investigation beyond topics covered in lectures.

Within semester assessment: 50% + Examination: 50%

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

This unit introduces students to the environment in which organisations operate. From a macro perspective the unit provides an overview of the political, legal, social, economics and technological contexts in which business operates, the role of the states and its relationship to business and society. The unit also provides a brief look at the international environment in which business operates including cross cultural issues that may affect business operations. Continuing the understanding of the macro environment the unit considers the competitive and regulatory environment in which business operates and this is followed by a consideration of the changing global financial situation and its impact on markets and risk management. Along with the strategic economic and legal environment of business at the global, market and organisational levels, this unit will focus on the impact of new and emerging technology on business outcomes.

The learning goals associated with this unit are to:

1. evaluate the economic, technological, political, and social environment in which business operations are managed
2. critically evaluate the role of ethics in business
3. critically evaluate the role of globalisation and technological disruption and their impact on business
4. apply critical thinking skills to practical business issues
5. develop capabilities in economic, social, and environmental value for business.

Within semester assessment: 100%

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

To be successful in the global business environment, managers require strong communication skills, along with skills in decision-making, creativity, problem solving and the ability to work effectively with and in teams. The unit focuses on the skills and competences that will support students' professional development. The unit develops interpersonal and teamwork competence and cross-cultural sensitivity, along with a broad and ensuring range of personal and professional networks. Critical and self-reflective thinking is central to success and this unit is designed to provide a strong foundation for professional development.

In this unit self-reflection is done using a positive lens. It is designed to build students' capacity to achieve their career goals and to develop their ability to market themselves effectively. Overall, this unit will enhance the value of students to potential employers, help them become successful employees or leaders, and assist with their long-term career goals and aspirations.

The learning goals associated with this unit are to:

1. develop skills in self-awareness
2. enhance skills and competencies deemed necessary for business professionals
3. enhance skills in understanding and developing effective, mutually beneficial relationships, particularly in team contexts
4. develop capabilities for successfully enhancing and/or changing careers.

Within semester assessment: 100%

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

Neoclassical theories of demand, supply, and equilibrium at a level that permits rigorous analysis. Topics include the existence theorem of utility functions, properties of demand and supply functions, dynamic choice for producers and consumers, risk and uncertainty in competitive markets, and the existence and optimality of competitive equilibrium.

The learning goals associated with this unit are to:

1. deepen understanding of microeconomic analysis acquired during undergraduate training
2. undertake rigorous analysis of microeconomic issues, including the determinants of relative prices and their effects on resource allocation
3. learn some more advanced analyses going beyond the traditional model and taking account of some real-world complications
4. acquire proficiency in handling optimisation problems and have a basic understanding of general equilibrium analysis.

Within semester assessment: 40% + Examination: 60%

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

Underpinnings of modern macroeconomics basic to models of growth and cyclical fluctuations as well as models of monetary and fiscal policies. Topics include neoclassical and endogenous growth theories; overlapping generations models with and without money; policy ineffectiveness issues; equilibrium business cycle as well as traditional Keynesian models of fluctuations; and models of incomplete nominal adjustment such as those of New-Keynesian and the Lucas-Supply variety.

The learning goals associated with this unit are to:

1. understand the basic theoretical structures common to modern dynamic macroeconomics. In particular, critical analysis of the economic reasons underlying the formation of policy and movements of various macro-aggregates
2. understand the key determinants affecting economic growth and fluctuations
3. enhance understanding of the basic theoretical approaches employed in specialist fields such as international economics, economic development/growth, applied general equilibrium and financial economics.

Within semester assessment: 40% + Examination: 60%

Minimum total expected workload equals 144 hours per semester.

See also Unit timetable information

The first objective of this unit is for students to understand how data analysis techniques can produce insights to address a business problem. The second objective is for students to explore the journal and case literature on this topic in the setting of the sports industry. An applied approach will be taken involving some field visits. The unit will be delivered at a time to enable Monash Business School students drawn from multiple programs to interact with exchange and study abroad students from partner universities.

The learning goals associated with this unit are to:

1. develop an understanding of how to interpret data analysis and draw relevant insights in a business context
2. enhance report writing skills by developing an understanding of the process of preparing a business report based on insight gained from data analysis
3. enhance communication, interpersonal, problem solving and critical thinking capabilities
4. develop capabilities to be future generators of sustainable economic, social and environmental value for business.

Within semester assessment: 100%

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. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

This unit requires students to examine a broad range of social, cultural, legal and political issues that can impact on the strategy and operations of businesses operating in a global business environment. Through the use of readings, case studies, and an analysis of current events students are confronted with some specific challenges of doing business in a global context. This unit focuses on developing skills, addressing various global issues and how they affect business, as well as aspects of global citizenship, cultural sensitivity and effective teamwork.

The learning goals associated with this unit are to:

1. recognise issues affecting businesses operating in a global context
2. develop and present strategic responses to specific issues affecting businesses operating in a global context with due consideration to sustainable, responsible and ethical business practices
3. acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
4. develop reflective practice skills in relation to individual learning.

Within semester assessment: 100%

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. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

This unit requires students to examine a broad range of social, cultural, legal and political issues that can impact on the strategy and operations of businesses operating in a global business environment. Through the use of readings, case studies, and an analysis of current events students are confronted with some specific challenges of doing business in a global context. This unit focuses on developing skills, addressing various global issues and how they affect business, as well as aspects of global citizenship, cultural sensitivity and effective teamwork.

The learning goals associated with this unit are to:

1. recognise issues affecting businesses operating in a global context
2. develop and present strategic responses to specific issues affecting businesses operating in a global context with due consideration to sustainable, responsible and ethical business practices
3. acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
4. develop reflective practice skills in relation to individual learning.

Within semester assessment: 100%

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

This unit requires students to examine a broad range of social, cultural, legal and political issues that can impact on the strategy and operations of businesses operating in a global business environment. Through the use of readings, case studies, and an analysis of current events students are confronted with some specific challenges of doing business in a global context. This unit focuses on developing skills, addressing various global issues and how they affect business, as well as aspects of global citizenship, cultural sensitivity and effective teamwork.

The learning goals associated with this unit are to:

1. recognise issues affecting businesses operating in a global context
2. develop and present strategic responses to specific issues affecting businesses operating in a global context with due consideration to sustainable, responsible and ethical business practices
3. acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
4. develop reflective practice skills in relation to individual learning.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 288 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

This unit requires students to examine a broad range of social, cultural, legal and political issues that can impact on the strategy and operations of businesses operating in a global business environment. Through the use of readings, case studies, and an analysis of current events students are confronted with some specific challenges of doing business in a global context. This unit focuses on developing skills, addressing various global issues and how they affect business, as well as aspects of global citizenship, cultural sensitivity and effective teamwork.

The learning goals associated with this unit are to:

1. recognise issues affecting businesses operating in a global context
2. develop and present strategic responses to specific issues affecting businesses operating in a global context with due consideration to sustainable, responsible and ethical business practices
3. acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
4. develop reflective practice skills in relation to individual learning.

Within semester assessment: 100%

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

This unit is for students undertaking an exchange program only. Students will be required to examine a broad range of social, cultural, legal and political issues that can impact on the strategy and operations of businesses operating in a global business environment. Through the use of readings, case studies, and an analysis of current events students are confronted with some specific challenges of doing business in a global context. This unit focuses on developing skills, addressing various global issues and how they affect business, as well as aspects of global citizenship, cultural sensitivity and effective teamwork.

The learning goals associated with this unit are to:

1. recognise issues affecting businesses operating in a global context
2. develop and present strategic responses to specific issues affecting businesses operating in a global context with due consideration to sustainable, responsible and ethical business practices
3. acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
4. develop reflective practice skills in relation to individual learning.

Within semester assessment: 100%

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

This unit provides an overview of the strategic, economic, political and legal environment in which business operates at the global level. It considers the role that individuals, organisations and governments play in the operation of the market both domestically and internationally. The focus of this unit will be to investigate the political economy of the contemporary world and the context that underpins managerial decision making. To this end, students will examine the myriad of global and domestic issues challenging the pursuit of sustainable business practice as a precursor to more specific units that help inform the management of business operations.

The learning goals associated with this unit are to:

1. introduce students to a preliminary overview of the economic, legal, political and social environment in which business operations are managed
2. illustrate the interaction that takes place among individuals, organisations, and governments in determining business outcomes
3. facilitate an understanding of the role of globalisation in relation to the growth and interdependency of economies
4. provide an understanding of how technological disruption and innovation allow for the development of capabilities that provide value for business
5. assess the need for business to be ethical and socially responsible
6. apply critical thinking to case-based analysis.

Within semester assessment: 100%

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. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Sustainability is a growing concern internationally and a strategic priority for leading companies in every sector. Global issues such as climate change, widening inequality, food security and ecosystem decline are introducing greater levels of complexity into business strategy and operations. Corporations are increasingly required to take into consideration and effectively manage the environmental, social, economic and ethical impacts of their business and rethink value creation.

This unit provides students with the opportunity to demonstrate a broad knowledge of global sustainable development challenges and understand the role of business globally and locally in contributing to innovation and entrepreneurial solutions that address these challenges.

The learning goals associated with this unit are to:

1. demonstrate a broad knowledge of global sustainable development challenges
2. research and analyse innovative solutions to sustainable development challenges in global contexts
3. acquire practical skills and knowledge for supporting strategic change within a business towards sustainable practice
4. apply a sustainability impact assessment framework with a business and evaluate the findings
5. critically reflect on the role of business in contributing to sustainable development innovation and solutions
6. evaluate personal learning and personal development in contributing to the organisational change process.

Within semester assessment: 100%

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. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

European business and society is an intensive two week unit taught in Europe. One week is taught at the Monash Prato Centre in Italy and the second week incorporates presentations/lectures in organisational visits in Europe. The unit enables students to better understand the political, economic and social environment in which business operates in Europe. Specifically the unit considers the establishment and functioning of the European Union (EU) and its relationship with its member states as well as providing students with an awareness of the key debates, issues and on-going challenges facing Europe and the European Union. These challenges and their implications for business/management policy and practice in Europe, underpin the essence of this unit.

The learning goals associated with this unit are to:

1. increase students awareness and understanding of Europe and the European Union
2. examine the nature of the forces in the European environment (e.g. political, economic, legal, social and cultural) and their impact upon business
3. research and critically analyse the challenges facing Europe and understand their implications for policy and practice in business and society
4. gain knowledge from organisational visits in order to develop insights that can be applied as future generators of sustainable economic, social and environmental value for business and society.

Within semester assessment: 100%

Minimum total expected workload for this unit is 288 hours per semester. This comprises of a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning (including site visits) and peer directed learning.

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Mathematical preliminaries; static optimisation theory; introduction to calculus of variations and optimal control theory; necessary and sufficient conditions; investment theory: costs of adjustment, neoclassical, Q theory; consumption theory; use of duality theory; growth models; Hamilton Jacobi theory; discrete time stochastic models; selected current applications.

The learning goals associated with this unit are to:

1. understand the theories of static optimisation, including the first and second order conditions for the multi-dimensional case
2. analyse mathematically how changes in the economic environment affect economic agents' optimal decisions
3. analyse dynamic optimisation problems faced by economic agents
4. develop students' ability to access frontier research in economics that routinely makes use of many mathematical concepts in optimisation theories.

Within semester assessment: 40% + Examination: 60%

Minimum total expected workload equals 144 hours per semester.

See also Unit timetable information

The achievement of efficiency in the health sector. Alternative approaches to allocative efficiency, recent developments in the management of the market, and efficiency in hospitals. Aspects of evaluation techniques including recent developments in quality of life measurement, statistical issues, and modelling techniques.

The learning goals associated with this unit are to:

1. undertake sound research in health economics
2. have knowledge of the major issues in health economics and the capacity to judge the importance of these issues
3. function as independent professional health economist.

Within semester assessment: 50% + Examination: 50%

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

The achievement of efficiency in the health sector. Alternative approaches to allocative efficiency, recent developments in the management of the market, and efficiency in hospitals. Aspects of evaluation techniques including recent developments in quality of life measurement, statistical issues, and modelling techniques.

The learning goals associated with this unit are to:

1. undertake sound research in health economics
2. have knowledge of the major issues in health economics and the capacity to judge the importance of these issues
3. function as independent professional health economist.

Within semester assessment: 50% + Examination: 50%

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

Minimum total expected workload equals 144 hours per semester.

See also Unit timetable information

Students will learn to use basic statistical techniques and apply them 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; probability distributions to model business behaviour; confidence interval estimation and hypothesis testing techniques for single populations; analysis of relationships between variables using simple linear regression; and simple tools for forecasting time series data. Applications to critical analysis of business and economic data will be emphasised. Excel software will be used.

The learning goals associated with this unit are to:

1. interpret business data using descriptive statistics techniques, including the use of Excel spreadsheet functions
2. apply simple concepts of probability and probability distributions to problems in business decision-making
3. describe the role of statistical inference and apply inference methods to single populations
4. interpret and evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression
5. apply suitable statistical techniques for describing and forecasting time series data
6. develop the skills for critical analysis of statistical reporting and inference.

Within semester assessment: 40% + Examination: 60%

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

This unit introduces students to techniques of microeconomic appraisal in the evaluation of health care programs. It considers conceptual and methodological issues, as well as the practical conduct, and review, of such studies and their use in priority setting within the health care sector. The application of decision rules for economic efficiency in health program evaluation and their influence on policy decisions are introduced.

The learning goals associated with this unit are to:

1. understand techniques used for microeconomic appraisal in the evaluation of health care programs
2. understand conceptual and methodological issues arising in the economic appraisal of health care programs
3. understand conduct and review of economic evaluation in the health care sector
4. understand application of results from economic evaluation to achieving broader priority setting goals within the health care sector.

Within semester assessment: 70% + Examination: 30%

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

This unit will equip students with a keen awareness of and appreciation for the history of research in accounting in your specialist sub-discipline as well as across different domain areas and research traditions. The content can be relatively flexible, but faculty could be invited to identify a series of seminal articles to be used in the unit. Based on the current honours units, the content could be relatively evenly split between financial accounting, management accounting, auditing and accounting information systems.

The learning goals associated with this unit are to:

1. develop knowledge of the seminal articles in accounting research across its many sub-disciplines and how they have established the basis for established and emerging research areas
2. enhance awareness of the multiple epistemological and ontological perspectives that underpin research in the sub-disciplines of accounting research
3. evaluate and critique research papers presented in the research seminar series
4. evaluate the literature, philosophical traditions, methods and problems associated with different sub-disciplines of accounting research
5. develop effective academic presentation and writing skills through presentation and written analysis and critique of selected recent articles and working papers.

Within semester assessment: 100%

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 whether via on-campus Caulfield or off-campus Malaysia mode.

See also Unit timetable information

This unit will equip students with an awareness of and appreciation for the current state-of-the-art research in accounting in your specialist sub-discipline as well as across different domain areas and research traditions. The content can be relatively flexible, but each year faculty will be invited to identify a series of hot-topic articles in their sub-disciplines that can then form the core articles to be used in the unit. Change here is welcome to keep the unit fresh and up-to-date, and working papers could be included. Based on the current honours units, the current hot-topic articles could be relatively evenly split between financial accounting, management accounting, auditing and accounting information systems.

The learning goals associated with this unit are to:

1. develop knowledge of current and emerging articles in accounting research across its many sub-disciplines and how they are at the forefront of advances in knowledge
2. enhance awareness of the multiple epistemological and ontological perspectives that underpin research in the sub-disciplines of accounting research
3. evaluate and critique research papers presented in the research seminar series
4. evaluate the literature, philosophical traditions, methods and problems associated with different sub-disciplines of accounting research
5. develop effective academic presentation and writing skills through presentation and written analysis and critique of selected recent articles and working papers.

Within semester assessment: 100%

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 whether via on-campus or off-campus Malaysia mode.

See also Unit timetable information

The objective of this unit is to introduce doctoral candidates to current research issues and empirical tools in asset pricing. This unit will cover research papers in asset pricing. It will also provide students with the skills and proficiency to empirically conduct asset pricing research.

This unit introduces doctoral candidates to current research issues and empirical tools in corporate finance and corporate governance. This unit will cover theoretical and empirical papers in corporate finance and corporate governance and will benefit students interested in writing their thesis in corporate finance or corporate governance.

The learning goals associated with this unit are to:

1. acquire knowledge of contemporary issues in corporate finance and governance
2. critically evaluate current theoretical and empirical research in corporate finance and governance
3. develop analytical skills via understanding the intuition and logic behind theoretical and empirical research in corporate finance and governance
4. effectively convey ideas in writing and speech
5. demonstrate comprehensive understanding of the topics covered in this course.

Within semester assessment: 70% + Examination: 30%

36 hours per semester of formal class contact

See also Unit timetable information

This unit introduces doctoral candidates to the current research issues and empirical tools in the area of banking. This unit will cover theoretical and empirical papers as well as introduce students to banking related databases and the main methodology required to conduct high-level banking research.

The learning goals associated with this unit are to:

1. acquire knowledge of contemporary issues in financial institution research
2. critically evaluate current theoretical and empirical research in financial institution research
3. develop analytical skills via understanding the intuition and logic behind theoretical and empirical research in financial institution research
4. effectively convey ideas in writing and speech
5. demonstrate comprehensive understanding of the topics covered in this course

Within semester assessment: 70% + Examination: 30%

The objective of this unit is to teach doctoral students topics that are on the forefront of the academic literature. Possible topics include behavioural finance, which combines elements of finance and psychology into a new field that has gained a lot of importance in recent times. Other topics that may be studied include those that have gained in importance in the top journals. The unit will provide an in-depth study of research papers and will also provide students with the skills necessary to conduct finance research.

The learning goals associated with this unit are to:

1. develop technical proficiency on topics covered in the unit in order to be able to initiate and pursue PhD level research
2. enhance the capability of developing an original research topic
3. be in a position to undertake research in behavioural finance (or any other topic covered in the course) and related fields.

Within semester assessment: 60% + Examination: 40%

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

The unit focuses on advanced quantitative research methods used in studying accounting, business, finance, management, marketing, and organisational analysis. Topics to be covered include analytic techniques used for experimental, quasi-experimental, and non experimental research designs. The unit focuses on topics include multivariate techniques which deal with cross-sectional, panel, and time-series data. For example, topics include various multivariate ANOVA techniques, regression procedures, discrete choice models, factor analysis, cluster analysis, structural and simultaneous equation modelling, and time-series analysis techniques. Computer sessions will provide students with the opportunity to apply their classroom learning to various business and management cases.

The learning goals associated with this unit are to:

1. develop the necessary quantitative skills to conduct high quality independent research relevant to their discipline
2. develop a comprehensive grounding in a number of quantitative methods of data production and analysis
3. consider and evaluate data collection instruments, sampling strategies and the appropriateness of various types of data for research purposes
4. assess research designs including experimental design, observational studies, case studies, longitudinal analysis and cross-sectional analysis
5. conduct quantitative data analysis of a suitable multivariate data set through a practical research activity
6. develop good communication skills by presenting a defence and/or critique of different methodological positions and perspectives.

Within semester assessment: 100%

36 hours per semester (split-block mode) of formal class contact.

See also Unit timetable information

The unit will provide HDR students with the requisite knowledge and skills in qualitative research methodology to enable them to design and execute a PhD research project. The unit will review and explain various qualitative research methods with the aim of critically evaluating the paradigmatic underpinnings of, for example, interpretivist, phenomenological and postmodern theories as they pertain to research design and the collection and analysis of data. Topics to be covered include data gathering techniques such as interviews, content analysis, fieldwork and observation and analysis procedures such as constant comparative analysis. The unit will also provide students with the opportunity to report findings through written and oral presentation.

The learning goals associated with this unit are to:

1. acquire skills to design qualitative research studies
2. acquire skills to conduct high quality independent qualitative research
3. consider and evaluate data collection instruments, and sampling strategies for a qualitative research purpose
4. assess research design across a range of qualitative research strategies
5. conduct a qualitative research project and report in an appropriate discursive style.

Within semester assessment: 100%

36 hours per semester (split-block mode) of formal class contact.

See also Unit timetable information

This unit discusses the fundamental epistemological premises on which HDR research may be developed. It explores ways of formulating research question(s) and hypotheses, and identifies assumptions and theories that are relevant in the development of a conceptual framework for research. The topics discussed will cover principles of the scientific method, key epistemological perspectives in the social sciences (e.g. positivism, interpretivism, social constructivism, hermeneutics, functionalism, critical theory) and argument analysis (e.g. avoiding fallacies in scientific reasoning, evaluating and constructing sound arguments). These discussions will clarify the theoretical and practical underpinnings of research design, inform subsequent analyses of how to select different research methods (qualitative, quantitative, mixed), and illustrate key issues associated with main argument development in a HDR thesis. Finally, the unit will examine ways of presenting a compelling theoretical and practical case for the epistemological significance of a HDR project, and examine how this approach could increase the likelihood of successful publication of research results.

The learning goals associated with this unit are to:

1. enhance awareness of the multiple epistemological and ontological perspectives that underpin research at HDR level
2. increase understanding of the principles involved in producing sound complex arguments as required in writing a HDR thesis
3. consider and evaluate research papers presented in the research seminar series
4. evaluate the literature, philosophical traditions, methods and problems associated with several topics
5. apply knowledge of ontological, epistemological, methodological and procedural assumptions to the preparation of papers that demonstrate an advanced understanding of the assumptions, methodology, techniques and results of research.

Within semester assessment: 100%

36 hours per semester (split-block mode) of formal class contact.

See also Unit timetable information

This unit provides an introduction to probability theory and statistical inference for graduate studies in econometrics and business statistics and related fields. It is intended to prepare research students for a range of other units in econometrics and business statistics. The first part will cover basic probability theory and the second half will be concerned with aspects of statistical inference. Some prior exposure to the topics to at least the advanced undergraduate level will be assumed. This unit is designed for PhD students who intend to write a thesis in econometrics or business statistics. It is not intended for PhD students in other disciplines who need to learn some basic quantitative techniques for the empirical section of their dissertations, although students from other departments who are interested in more advanced methods may wish to take this unit

The learning goals associated with this unit are to:

1. ensure that students have the necessary familiarity with the essentials of probability theory and statistical inference to be able to read graduate level books and journal articles in econometrics and business statistics
2. minimise rote learning and to encourage students to provide justification to econometric and statistical ideas and to derive results from first principles. To this end, students need to know the basic definitions, concepts and the chain of arguments on which the econometric and statistical theory is built.

Within semester assessment: 40% + Examination: 60%

36 hours per semester of formal class contact.

See also Unit timetable information

This unit provides a rigorous treatment of core methods of econometric estimation and inference in a single and also multiple equation settings. While students are encouraged to look at every problem from several views (informal, algebraic, geometric, etc.), a large emphasis is placed on constructing formal arguments, and the importance of clear notation, definitions, assumptions and deductive arguments is emphasised. Formal lectures and references to graduate level textbooks are provided, and students are also assigned and encouraged to read some classic journal articles. This unit is designed for PhD students who intend to write a thesis in econometrics or business statistics. It is not intended for PhD students in other disciplines who need to learn some quantitative techniques for the empirical section of their dissertations, although students from other departments who are interested in more advanced methods may wish to take this unit.

The learning goals associated with this unit are to:

1. ensure PhD candidates master the core elements of econometrics to be able to generalise and apply these principles to research questions
2. encourage and train PhD students to grind through complex scholarly journal articles and harvest the elements needed to conduct research
3. train PhD students in developing a habit of using clear notation and clear arguments in research work.

Within semester assessment: 40% + Examination: 60%

36 hours per semester of formal class contact.

See also Unit timetable information

Advanced topics in microeconomics and current research and policy issues. Topics may include an in-depth study of general equilibrium, mesoeconomics, new classical economics of specialisation, transaction costs, and inframarginal analysis, principal agent models and incentive regulation.

The learning goals associated with this unit are to:

1. possess technical proficiency to initiate and pursue PhD level research
2. be capable of developing an original research topic
3. be in a position to undertake research in microeconomics and related fields.

Option 1: Within semester assessment: 100%

Option 2: Within semester assessment: 40% + Examination: 60%

3 hours per week

See also Unit timetable information

Advanced topics in macroeconomics, current research and policy issues. The topics may include an in-depth study of consumption, investment, inflation and monetary policy, unemployment, and empirical applications.

The learning goals associated with this unit are to:

1. possess technical proficiency to initiate and pursue PhD level research
2. be capable of developing an original research topic
3. be in a position to undertake research in macroeconomics and related fields.

Within semester assessment: 100%

This unit provides students with the skill and proficiency to conduct HDR research in business law. The aim of the unit is to assist students to develop research capabilities in the following areas: formulating research questions for legal problems; selecting a research purpose and theoretical perspective; approaches to the literature review; developing complex arguments; organising and structuring content in a law thesis; advanced writing techniques; ethical issues that arise in legal research; and presenting and publishing research in business law. The unit will also guide students to understand and evaluate legal research perspectives and methodologies that suit different types of research problems in business law. These will include traditional doctrinal approaches; comparative legal methods; legal realist, law in action and critical legal studies perspectives; legal history and empirical legal methods.

The learning goals associated with this unit are to:

1. increase understanding of the practical challenges that arise in business law research
2. translate a business law problem into a research problem and research questions and devise an effective research strategy
3. develop capabilities in producing complex and coherent arguments as required for a thesis in business law
4. apply relevant theories and methodologies to research problems in business law.

Within semester assessment: 100%

72 hours per semester of formal class contact, plus an additional 168 hours of private study. Also see unit timetable informationunit timetable information (http://www.monash.edu.au/timetables/).

See also Unit timetable information

This unit aims to combine the knowledge students have achieved in their Master of Banking and Finance studies. In addition, the unit introduces a significant research component and assignment to ensure students are familiar with the scientific research method, are able to analyse research papers and understand the aim of research in contributing to theoretical concepts in finance and banking.

The learning goals associated with this unit are to:

1. demonstrate the ability to independently and critically investigate both quantitative and qualitative banking and finance problems, applying and consolidating prior learning to propose solutions
2. evaluate and weigh information so as to make judgements and arrive at decisions about ethics in business
3. develop applied research skills on an individual basis and apply these skills to a relevant research assignment
4. demonstrate the ability to synthesise conclusions and communicate analysis in a concise business manner.

Within semester assessment: 100%

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

Topics include managing interest rate risk; foreign exchange risk; liquidity risk and the cash flow cycle; credit risk; capital risk; debt and investment risk and managing the risk of derivative products.

The learning goals associated with this unit are to:

1. develop critical skills in understanding, analysing and applying concepts and models such as VAR Model, RAROC Model, Z-score etc. which provide assistance for managing bank's assets and liability risks
2. develop an understanding of the application of regulatory measures taken by Reserve bank of Australia , APRA and BIS for improvement of risk management in the banking industry
3. explain the link between theory and real world situation in the areas of market risk, interest rate risks, foreign exchange risks, credit risks, liquidity risks and operation risk faced by banks
4. develop writing and presentation skills by requiring the submission of group assignments relating to existing practices followed by the banks
5. develop an ability to work independently by requiring presentation of tutorials answers relating to risk management by the financial institutions
6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC5280.

Within semester assessment: 50% + Examination: 50%

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

This unit develops knowledge and improves skills in credit risk modelling by using market information to predict defaulted firms. The topics discussed will provide an understanding of their relative merits, the issues involved in their implementation and their use in the pricing and risk management of credit risk. This unit assists practitioners and students alike to understand better the use of credit risk models and moves them away from the proverbial Black Box scenario.

The learning goals associated with this unit are to:

1. develop credit risk modelling using Altman and Ohlson models
2. develop an understanding of credit risk modelling approaches
3. analyse the Merton structural model and implications for credit analysis
4. analyse the term structure of credit spreads and probabilities of default
5. analyse implications of alternative ways to model recovery
6. develop correlations between default rates and recovery
7. develop copula based approach to modelling default dependence
8. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with credit risk modelling and demonstrate in an individual summative assessment task the acquisition of comprehensive understanding of the topics covered by BFC5380.

Within semester assessment: 100%

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

Topics include the credit risk assessment process; accounting fundamentals; reading financial statements (including ratio analysis); using budgeted financial statements (including breakeven analysis, what-if analysis and variance analysis); creative accounting; technical accounting update; business structures; current issues in insolvency and loan security.

The learning goals associated with this unit are to:

1. develop an understanding of the basic principles governing bank lending
2. develop an understanding of the framework within which bank lending decisions are made
3. develop an understanding of the analysis of financial statement of a company
4. develop analytical skills with regard to the management of credit risk and its measurement techniques
5. develop an understanding of new bank lending product development and its marketing
6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC5914.

Within semester assessment: 40% + Examination: 60%

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

This unit examines how options and futures can be used for hedging risk in the process of risk management. Several aspects of risk management are examined, including the reasons why investors indulge in this activity, how value is created via risk management, and the firm-wide approach to risk management (given that any firm is exposed to a wide variety of risks). Once the importance of risk management has been established, emphasis turns to the use of derivatives (futures and options) to manage risk. To understand how they are used to manage risk, the unit also considers the characteristics and pricing of these instruments, including some exotic versions.

The learning goals associated with this unit are to:

1. examine the financial risk management function and its evolution in the corporate world
2. understand the characteristics of futures and options markets and be able to apply these instruments so as to hedge the risk exposure of the firm
3. design appropriate risk management strategies using options and futures for hedging and speculation
4. demonstrate effective research skills to produce a professional quality business report recommending a solution to a risk management problem
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of derivative instruments in financial markets, both the mechanism of their operation and their application in hedging risk exposures.

Within semester assessment: 40% + Examination: 60%

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

Topics include the latest international banking regulatory concerns, geographic focus of banking in Europe, Asia and less developed economies; the European monetary system; Euromarkets; trade finance and trade facilitation agencies; country risk analysis.

The learning goals associated with this unit are to:

1. analyse characteristics of international banking and consider the rational of domestic banks to expand overseas by researching and applying topics that are generally outside the typical finance undergraduate curriculum
2. develop an understanding of the financial structure of countries and apply that understanding to a particular country to report potential international banking opportunities based on a country's current financial structure
3. research, evaluate and report on a current international banking issue
4. demonstrate an awareness of the complex and changing nature of Euro zone banking
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international banking and finance and demonstrate in an individual summative assessment task the acquisition of comprehensive understanding of the topics covered by BFC5916.

Within semester assessment: 40% + Examination: 60%

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

Topics include review of foundations of finance; financial mathematics and pricing of financial instruments; valuation and the management of long term investment and financial leverage; and theory of capital structure and dividend policy.

The learning goals associated with this unit are to:

1. understand the foundations of finance and be able to apply pricing models to the valuation of equity and debt instruments in global markets
2. evaluate investment proposals using capital budgeting techniques
3. formulate capital structure and dividend policies consistent with entities' objectives
4. develop capabilities to work effectively in a group and/or demonstrate effective individual research skills to produce professional quality business documents to solve problems related to current issues in financial management
5. demonstrate in individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by this unit.

Within semester assessment: 40% + Examination: 60%

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

Topics include development of money and financial markets and financial flows analysis; intermediation; economic role of the different financial institutions; determination of interest rates and yield curve analysis in financial markets; exchange rates and money supply; sources of short-term, medium-term and long-term finance; sources of overseas borrowing; an introduction to interest rate and exchange rate management; performance of the financial system.

The learning goals associated with this unit are to:

1. compare and contrast specific types of financial institutions, instruments and markets in order to explain the distinctions between their operations, usage and regulation
2. critically evaluate the assumptions and conventional wisdom relating to the term structure of interest rates and foreign exchange rates
3. develop academic skills by accessing electronic data sources and hard copy references to evaluate a case study assignment
4. develop an ability to work in a team by requiring syndicates to submit written solutions to assigned case studies, and thereby demonstrate effective interpersonal communication skills and develop a team orientated approach to work effectively as a team member to produce a professional quality business document solving financial institution related issues
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the components and functioning of capital markets in an open economy as exemplified by the unit.

Within semester assessment: 40% + Examination: 60%

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

Topics include investment markets and investment strategies; measuring investment return and risk; capital asset pricing model; arbitrage pricing theory; security analysis and valuation; portfolio management; asset allocation; and portfolio performance measurement.

The learning goals associated with this unit are to:

1. evaluate financial market information to measure investment risk and return, and be able to incorporate such evaluation in fundamental and technical analysis in the asset valuation process
2. develop an understanding of theories in market efficiency, asset pricing models, portfolio construction
3. understand investment characteristics of different asset classes and their implications in portfolio management
4. demonstrate effective interpersonal communication skills and develop a team orientated approach to work effectively as a team member to produce a professional quality business document solving portfolio investment objectives
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the components of an investment portfolio and their optimal combination as discussed throughout the unit.

Within semester assessment: 50% + Examination: 50%

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

This unit aims to develop students' financial modelling skills using Excel. Topics include the development and application of financial spreadsheets, solving valuation problems in finance, data and sensitivity analysis, portfolio optimisation, simulations, and financial models. The paper will also introduce students to Visual Basic programming in financial modelling.

The learning goals associated with this unit are to:

1. introduce the concept and principles of financial modelling and develop the skill set required.
2. use Excel to effectively model financial problems and handle financial data
3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with modelling in finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in BFC5936.

Within semester assessment: 60% + Examination: 40%

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

The management of risk is a multi-dimensional activity that entails a range of disciplines and thought processes to ensure that resilience is created and maintained within the firm. There needs to be an understanding by business students of the range of activities and events that can be exposed by the application of risk management techniques and processes. This unit includes detailed analysis of a series of case studies drawn from real life events that encompass the holistic nature of risk within a firm and/or society. If appropriate, they may be presented and discussed by an industry practitioner. The unit is designed to bring all facets of the specialisation together.

The learning goals associated with this unit are to:

1. develop analytical and diagnostic skills and in particular enhance an ability to analyse and resolve problems of practical importance
2. analyse situations and scenarios by reference to case studies relating to risk management and articulate a response in an effective manner
3. gain experience in a controlled environment in skills needed for practical implementation of risk management policy within a corporate setting
4. decide on response tactics ranging from qualitative to quantitative as appropriate
5. categorise degrees of risk and respond to risk situations, justify responses to various set situations using the matrix approach and emphasise the relationship of risk factors and scenarios to risk practitioners and various guest speakers
6. work in an individual and/or team environment and develop the ability to project and defend a point of view in a constructive manner
7. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF5021.

Within semester assessment: 100%

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

This unit explores the theory, tools and techniques used to analyse and price securities. It provides a synopsis of the operation of the securities markets and the mechanics of securities trading. The fundamental valuation tools, including asset pricing models, discounted cash flows and risk-neutral valuation are examined and applied to the pricing of securities across a range of asset classes.

The topics covered include: overview of security market operations, portfolio theory, asset pricing models, market efficiency and behavioural finance, fixed income valuation, and valuing derivative contracts.

The learning goals associated with this unit are to:

1. develop a recognition and understanding of the investment environment and its impact on asset valuation
2. discuss the concept of modern portfolio theory and its relation to the measurement of risk and expected returns
3. critique multi-factor asset pricing models and test competing models
4. apply analytical skills related to the valuation of securities across a range of asset classes
5. demonstrate critical thinking, analytical and problem-solving skills in the context of investment theories and practices
6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF5220.

Within semester assessment: 50% + Examination: 50%

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

This unit analyses the characteristics, uses and behaviour of financial markets. Topics include:

• types and users of financial markets
• financial crises
• global risk
• international ratings
• international debt and equity markets
• derivative markets
• credit derivatives
• specialised sources of international finance
• regulation of international markets

The learning goals associated with this unit are to:

1. critically analyse the structure of global financial markets
2. evaluate the impact of international securities and tax law on international financial markets
3. evaluate academic papers in terms of the application of finance theories to the international financial markets
4. demonstrate effective interpersonal communication skills and develop a team-orientated approach to work effectively as a team member to produce a professional quality business document solving financial market-related problems
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of global financial markets, their products and appropriateness for the investor.

Within semester assessment: 40% + Examination: 60%

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

This unit covers different aspects of corporate treasury management for non-financial firms, including corporate financing, liquidity and cash management, and risk management. Furthermore, the unit considers recent issues confronting treasurers or financial managers, such as corporate governance and financial innovations.

The learning goals associated with this unit are to:

1. design corporate treasury as a strategic business unit with clear structure, roles, functions and control systems
2. design a risk management framework that reflects the risk appetite of the firm
3. design risk management strategies including hedging techniques for commodity, interest rate and foreign exchange risk management
4. design sensitivity analysis, scenario analysis, stress testing approaches and apply real option analysis to assist corporate treasurers to analyse investment projects
5. design structured and option embedded debt and equity products with emphasis on pricing and market considerations
6. appraise empirical approaches to net working capital management and liquidity management and the treasurer's role in managing profit-risk trade-off
7. debate empirical estimation of 'optimal' capital structure and the treasurer's role in optimising debt-equity mix using both short and long term funding
8. debate Australia's dividend imputation tax system and its implications for corporate treasury goals and operations
9. evaluate treasury management systems and other decision support systems
10. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with corporate treasury management and demonstrate in both individual and group summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFF5250.

Within semester assessment: 50% + Examination: 50%

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

This unit focuses on the skills and techniques required in financial modelling using Excel and VBA. Important financial models in corporate finance, investment and portfolio analysis, option valuations and risk management, and management and modification of databases for financial and investment analysis are discussed.

The learning goals associated with this unit are to:

1. develop skills in analyzing and handling raw data
2. design and implementation of financial models in the use of Excel and Visual Basic, and effectively summarize the assumptions, implications and results of spreadsheet models
3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with modelling in finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in BFF5255.

Within semester assessment: 100%

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

This unit focuses on funds management styles and philosophies; approaches to implementing investment strategies for funds design and decision making; practical allocation of assets across and within different markets (industries); market sector volatilities and risk management; and performance measurement. Current academic research and trends in the industry are also considered from local and global funds management perspectives.

The topics include:

• portfolio investment styles, philosophies, mandates and policies
• capital market expectations
• asset allocation and portfolio optimisation
• management of fixed income portfolios
• international diversification
• alternative investments
• quantitative portfolio factor models
• portfolio monitoring and rebalancing
• portfolio performance, attribution and evaluation.

The learning goals associated with this unit are to:

1. demonstrate knowledge of the global funds management industry, its management philosophies, strategies and styles
2. compare and contrast approaches to funds design and decision making in terms of fund allocation, portfolio optimisation and portfolio monitoring, along with current trends in the funds management industry
3. develop skills of summarising, critically analysing and assessing, ranking, reporting and, presenting the current performance of funds managers
4. develop the capability to work effectively in a group and demonstrate effective research and problem solving skills to produce quality investment portfolio analysis
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the rudiments of fund management both in theory and in practice as detailed in the unit.

Within semester assessment: 50% + Examination: 50%

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

This unit is intended to consolidate and apply the technical learning achieved in the core units of the Master of Advanced Finance, to attain real industry experiences. This will be achieved by using a selection of targeted case studies that highlight the issues likely to be encountered in industry.

The learning goals associated with this unit are to:

1. develop the ability to identify problems, to synthesise, analyse, and summarise quantitative and qualitative information
2. evaluate and weigh evidence, arguments and ethics
3. apply specialist skills and knowledge to global business issues and to work out solutions to practitioner issues
4. develop capabilities to work effectively in a group
5. demonstrate effective individual research skills to produce professional quality business documents to address financial issues.

Within semester assessment: 100%

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

This unit will combine a theoretical, practical and case study approach to the principles surrounding project finance incorporating: the environment surrounding approaches to project finance; the market for project finance; project characteristics; risk analysis and risk management; the role of an advisor in a project finance deal; valuing the project and project cash flow analysis; financing the deal; legal aspects of project finance and; credit risk in project finance transactions.

The learning goals associated with this unit are to:

1. analyse the theoretical and practical aspects of project finance
2. develop the ability to identify problems, to synthesise, analyse, and summarise quantitative and qualitative information in project finance
3. evaluate and weigh evidence, arguments and ethics related to project finance
4. apply specialist skills and knowledge to project finance issues and to create solutions to practitioner issues
5. develop capabilities to work effectively in a group
6. demonstrate effective individual research skills to produce professional quality business documents to address project finance issues.

Within semester assessment: 50% + Examination: 50%

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

Technology is impacting traditional processes of finance to the extent that new business models and innovations are redefining what and how financial institutions and non-financial firms operate. The objective of this unit is to introduce students to the contemporary and emerging technologies that are impacting financial institutions, corporations and payment systems. Topics include cloud computing, the use of applications programming interfaces and mobile internet, Artificial Intelligence, machine learning, crypto-currencies, distributed ledgers and block chains. We explore the impacts of such technologies and issues facing financial functions in financial and non-financial firms and the payment and settlement systems used to transact in the e-commerce environment.

The learning goals associated with this unit are to:

1. discuss and evaluate the impact of contemporary and emerging technologies that are impacting the work flows and processes of financial institutions and corporate finance functions.
2. discuss and evaluate contemporary and emerging technologies that are impacting primary domestic and international payment systems for banking transactions.
3. demonstrate practical skills by using a web based ecommerce system to establish a portfolio of securities
4. research and identify contemporary and emerging examples of firms (existing or start-up) that are innovating with technology in financial institutions or corporate finance functions
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial technology for financial institutions or business enterprises and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in BFF5370.

Within semester assessment: 100%

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

This unit examines the concept of mergers and acquisitions from two perspectives - the relevant areas of finance and the basic taxation, accounting and legal issues. The aim is to provide students with a practical understanding of this major corporate strategy. The finance issues will involve an examination of basic theory and empirical findings associated with mergers and acquisitions, the valuation of firms under a range of techniques, the structuring of bids from a financing perspective and defensive strategies. The taxation, accounting and legal issues include a review of the taxation effects from the position of both the bidder and the target's shareholders, the legal responsibilities of the Board and senior management of both target and bidder companies, the role of the Takeover Panel in relation to both defensive and negotiating strategies, the use of independent experts, the application of the Trade Practices Act and the effect of the accounting asset impairment tests.

The learning goals associated with this unit are to:

1. define the purposes and scope of mergers and acquisitions in terms of the legal and economic consequences
2. evaluate the impact of mergers and acquisitions on the participating parties
3. describe the differences between mergers, hostile acquisitions and private equity involvement
4. communicate clearly and in an organised manner the findings from both case studies and academic studies on the issues raised in the preceding goals
5. critically analyse the strategies and financial worth of a nominated M & A corporate example
6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with mergers and acquisitions and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in BFF5580.

Within semester assessment: 50% + Examination: 50%

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

This unit is designed to introduce the concept of risk as a business philosophy and to introduce students to the Australian Risk Management Standard, AS/NZS/ISO31000:2009. It will look at the evolution of risk, the requirements for risk management, the risk management process and steps, and the application of risk management.

The learning goals associated with this unit are to:

1. demonstrate an understanding of the scope, application and definition of risk
2. explain the risk management requirements needed of a business entity of the 21st century
3. compare and contrast the risk management process with existing approaches to governance, compliance and control
4. link the risk approach to effective business control, by reference to AS/NZS/ISO31000:2009
5. understand the steps and the logic of the sequence
6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF5902.

Within semester assessment: 50% + Examination: 50%

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

Special subjects may be offered from time to time which are tailored to the interests of permanent and/ or visiting members of staff. This unit introduces advanced finance theory and/or methodology in various areas of applied and theoretical finance. Topics will be tailored to special research needs of students, and may include, but not be limited to, advanced corporate finance theory, asset pricing, funds management, applied financial modelling, experimental or behavioural finance.

The learning goals associated with this unit are to:

1. develop an understanding in a specific subject area of advanced finance of the main theories or methods used in the current academic literature
2. learn how to apply the specific area of finance theory or methodology to a research problem.

Within semester assessment: 100%

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

This unit examines how options and futures can be used for hedging risk in the process of risk management. Several aspects of risk management are examined, including the reasons why investors indulge in this activity, how value is created via risk management, and the firm-wide approach to risk management (given that any firm is exposed to a wide variety of risks). Once the importance of risk management has been established, emphasis turns to the use of derivatives (futures and options) to manage risk. To understand how they are used to manage risk, the unit also considers the characteristics and pricing of these instruments, including some exotic versions.

The learning goals associated with this unit are to:

1. examine the financial risk management function and its evolution in the corporate world
2. understand the characteristics of futures and options markets and be able to apply these instruments so as to hedge the risk exposure of the firm
3. design appropriate risk management strategies using options and futures for hedging and speculation
4. demonstrate effective research skills to produce a professional quality business report recommending a solution to a risk management problem
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of derivative instruments in financial markets, both the mechanism of their operation and their application in hedging risk exposures.

Within semester assessment: 40% + Examination: 60%

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

This unit covers corporate finance concepts and theories at an introductory level. Students will be expected to be able to master basic calculations involving share and bond valuations, NPV and IRR, company cost of capital, etc. and to use them in determining whether investment projects should proceed as well as the value of companies. They will also expected to be able to interpret the results and to discuss basic issues and theories appropriate to an introductory level unit.

The learning goals associated with this unit are to:

1. value financial instruments including debt and equity instruments using financial models and financial mathematics
2. explain and critique the theory of capital markets
3. evaluate firms' investment project decisions using capital budgeting techniques
4. describe and critique firms' financing and payout decisions
5. identify and explain firms' financial risks and how firms can manage financial risks using risk management techniques.

Within semester assessment: 50% + Examination: 50%

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

Topics include the evaluation of risk; financing tools; retention and transfer; insurance; non insurance; pre and post loss funding; retention and self insurance decisions; insurance and reinsurance principles and practices for the corporate buyer; deductible selection models; management and administration of losses and insurance claims; institutional factors, accounting factors, including taxation and government incentives; captive insurance companies; international considerations; financial transfer by contract.

The learning goals associated with this unit are to:

1. develop critical skills in understanding, analysing and applying concepts and models relating to risk management by the treasury of an organisation
2. develop an understanding of optimum capital structure, maximisation of firm value and investment risk management faced by the treasury
3. explain the link between theory of derivative products, insurance products and credit derivatives such as securitisation and the real world situation
4. develop writing and presentation skills by requiring the submission of group assignments relating to existing practices followed by the banks
5. develop the ability to work independently by requiring presentation of tutorials answers relating to risk management by the financial institutions
6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF5977.

Within semester assessment: 50% + Examination: 50%

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

Traditionally, the areas of international finance include working capital management, capital budgeting and funding decisions (capital structure and cost of capital) that incorporate the identification of foreign exchange risks and their management as well as their financial reporting implications. It also typically includes the foreign exchange transactions, economic and translation exposures and their risk management approaches and techniques.

The changes in the international trade pace including the recent US withdrawal from the Pacific Treaty Partnership and the impact of imposing new tariffs and control over trade deficits with China and other partners signal expected obstacles in the "free trade" concepts and questioning the comparative advantage principles, FDI and MNCs cross country operations. These changes may represent significant current issues in international finance, globalisation and free trade.

This unit will provide students with the latest empowering and practical knowledge in international finance including the recent changes imposed by financial technologies "FinTech" and current changes in the international trade. This is a very practical unit with a heavy emphasis on the latest industry trends and best practices by industry experts and entrepreneurs rather than theoretical concepts.

The learning goals associated with this unit are to:

1. identify issues surrounding the financing of international business including financial technologies and changes in the international free trade pace and treaties
2. apply strategies to manage risks associated with international business
3. analyse motives and determine strategies for foreign direct investment
4. inference independently and with team participation from diverse cultural and social backgrounds international business issues by producing a presentation relating to an international business issue
5. prove in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFM5014.

Within semester assessment: 100%

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

This unit examines how options and futures can be used for hedging risk in the process of risk management. Several aspects of risk management are examined, including the reasons why investors indulge in this activity, how value is created via risk management, and the firm-wide approach to risk management (given that any firm is exposed to a wide variety of risks). Once the importance of risk management has been established, emphasis turns to the use of derivatives (futures and options) to manage risk. To understand how they are used to manage risk, the unit also considers the characteristics and pricing of these instruments, including some exotic versions.

The learning outcomes associated with this unit are to:

1. examine the financial risk management function and its evolution in the corporate world
2. understand the characteristics of futures and options markets and be able to apply these instruments so as to hedge the risk exposure of the firm
3. design appropriate risk management strategies using options and futures for hedging and speculation
4. demonstrate effective research skills to produce a professional quality business report recommending a solution to a risk management problem
5. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of derivative instruments in financial markets, both the mechanism of their operation and their application in hedging risk exposures.

Within semester assessment: 40% + Examination: 60%

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.

See also Unit timetable information

This unit provides an introduction to terminology, concepts and techniques used in accounting and finance. Important areas to be discussed include understanding financial statements, basic analysis of financial statements, working capital management, the framework of capital budgeting, and time value of money. International issues in accounting will also be examined. The emphasis will be on decision making and value creation in a global environment.

The learning goals associated with this unit are to:

1. develop an understanding of the nature and roles of accounting and finance in managing in a global environment
2. explore the process of value management in a global world
3. develop competencies and computational skills required to prepare and evaluate the strategies and tactics associated with value creation
4. develop an appreciation for the relevance of theory and its linkage with practice
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with principles of accounting and finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in the unit.

Within semester assessment: 40% + Examination: 60%

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

Topics include working capital management, capital budgeting and funding decisions (capital structure and cost of capital) incorporating the identification of foreign exchange risks and their management as well as their financial reporting implications.

The learning goals associated with this unit are to:

1. identify motives and evaluate strategies for foreign direct investment
2. understand the impact of and strategies to manage risks associated with international business
3. acquire a sound knowledge of issues surrounding the financing of international business
4. develop oral presentation skills in communicating complexities surrounding international business
5. develop an ability to work independently, lead and participate in teams from diverse cultural and social backgrounds by producing a presentation relating to an international business issue
6. demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFM5973.

Within semester assessment: 50% + Examination: 50%

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.

See also Unit timetable information

This unit provides an introduction to terminology, concepts and techniques used in accounting and finance. Important areas to be discussed include understanding financial statements, basic analysis of financial statements, working capital management, the framework of capital budgeting, and time value of money. International issues in accounting will also be examined. The emphasis will be on decision making and value creation in a global environment.

The learning goals associated with this unit are to:

1. develop an understanding of the nature and roles of accounting and finance in managing in a global environment
2. explore the process of value management in a global world
3. develop competencies and computational skills required to prepare and evaluate the strategies and tactics associated with value creation
4. develop an appreciation for the relevance of theory and its linkage with practice
5. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with principles of accounting and finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in BFS5959.

Within semester assessment: 50% + Examination: 50%

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

Students will be introduced to research methodologies used in finance and will prepare a research proposal. The primary focus is on understanding the process of scientific research, which includes topic identification, literature review, hypothesis development, data requirements and appropriate empirical methodologies.

The learning goals associated with this unit are to:

1. prepare a research proposal in finance
2. prepare a literature review that demonstrates knowledge of essential literature
3. develop research questions and testable hypotheses
4. devise empirical methodologies appropriate for testing the research hypotheses
5. develop technical and computing skills that facilitate research
6. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with research methods and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFX4000.

Within semester assessment: 75% + Examination: 25%

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

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 data collection; select and conduct an appropriate analysis of the data; and write a report on the project, showing due regard to relevant stylistic conventions.

The learning goals associated with this unit are to:

1. implement a research proposal
2. recognise practical problems of conducting scientific research and propose solutions
3. complete a research dissertation
4. develop the ability to conduct and manage a planned study
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research dissertation.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 432 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 seven/eight 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

This unit has two key components. The first half covers aspects of theoretical and empirical financial modelling, including modelling the stock price behaviour, consumption-based asset pricing models, multifactor models, two beta, ICAPM, intertemporal asset pricing models, mean-variance frontier and beta representations, bayesian alphas and mutual fund persistence, a bayesian and bootstrap analysis, performance measures of the hedge fund returns. The second half covers technical skills in building Excel models to solve problems in Finance. The aim is to bridge the gap between financial theory and practice. To achieve this, students will learn modelling skills in Excel and be introduced to VBA programming concepts and techniques.

The learning goals associated with this unit are to:

1. apply advanced knowledge and skills in the use of Excel and Visual Basic
2. develop advanced skills in the design and implementation of efficient and robust financial models such as option pricing, portfolio and interest rate models
3. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced modelling in finance and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFX4030.

Within semester assessment: 50% + Examination: 50%

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

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.

The learning goals associated with this unit are to:

1. acquire knowledge of empirical findings in corporate finance
2. 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
3. critically evaluate underlying theories, concepts, assumptions, limitations and arguments in corporate financial theory
4. develop analytical skills via understanding the intuition and logic behind recent academic research and the possible extension to the recent research
5. demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFX4060.

Within semester assessment: 50% + Examination: 50%

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

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.

The learning goals associated with this unit are to:

1. discuss existing theory in the field of banking and its evolution
2. critically assess the usefulness and limitations of this theory in the field of banking
3. apply this theory to relevant current policy issues
4. critically evaluate empirical research and identify major research questions in banking
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in banking and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFX4080.

Within semester assessment: 40% + Examination: 60%

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

This unit will examine empirical research in asset pricing and investments. It will develop students knowledge and ability to apply empirical techniques to conduct research in asset pricing and investments.

The learning goals associated with this unit are to:

1. critically analyse research papers examining current issues in asset pricing and investments
2. critically evaluate research methodologies applicable to empirical finance research
3. demonstrate an ability to conduct research in asset pricing and investments
4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in investment and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFX4120.

Within semester assessment: 40% + Examination: 60%

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

Students will be introduced to research methodologies used in finance and will prepare a research proposal. The primary focus is on understanding the process of scientific research, which includes topic identification, literature review, hypothesis development, data requirements and appropriate empirical methodologies.

The learning goals associated with this unit are to:

1. prepare a research proposal in finance
2. prepare a literature review that demonstrates knowledge of essential literature
3. develop research questions and testable hypotheses
4. devise empirical methodologies appropriate for testing the research hypotheses
5. develop technical and computing skills that facilitate research
6. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with research methods and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFX5000.

Within semester assessment: 75% + Examination: 25%

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

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 data collection; select and conduct an appropriate analysis of the data; and write a report on the project, showing due regard to relevant stylistic conventions.

The learning goals associated with this unit are to:

1. implement a research proposal
2. recognise practical problems of conducting scientific research and propose solutions
3. complete a research dissertation
4. develop the ability to conduct and manage a planned study
5. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research dissertation.

Within semester assessment: 100%

Minimum total expected workload to achieve the learning outcomes for this unit is 432 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 seven/eight 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

This unit will combine classroom teaching and direct experiential learning in financial markets covering topics that may include market participants, treasury operations, market structures, dealer markets, liquidity and price formation. This unit is taught in the simulated trading and research laboratory (STARLab). It is a specialist, practically oriented unit where attendance is compulsory as assessment is based on classroom activities. An understanding of financial prices, returns and volatility is required.

The learning goals associated with this unit are to:

1. formulate portfolio management decisions
2. compare and contrast differences between various market structures
3. acquire an in-depth understanding of economic concepts such as market efficiency, performance evaluation and market structure regulation
4. plan, verify and settle transactions completed in STARLab
5. develop, implement, analyse and manage strategies in financial markets
6. plan, organise and report on all activities involved in STARLab
7. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with treasury and financial markets.

Within semester assessment: 100%

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

The unit is designed 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 the financial techniques used within the markets. To encourage research techniques for a specialised topic within the financial markets area. To develop a practical understanding and appreciation of cultural differences within the area of international banking and finance through an overseas visitation program.

The learning goals associated with this unit are to:

1. become skilled in understanding the history and structure of International banking and financial markets
2. acquire an understanding of the theories and usage of International foreign exchange markets
3. develop a practical understanding and appreciation of cultural differences within the area of international banking and finance through an overseas visitation program
4. develop a set of academic skills which include the ability to work independently, evaluate academic papers in terms of the application of finance theories to the International financial markets, search the web and to submit assignments on time
5. develop excellent oral and written communication skills to be able to analyse case studies and to lead/participate in groups from diverse cultural and social backgrounds.

Within semester assessment: 100%

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

This unit explores the political, economic and business dynamics of Latin America, a region in transition whose rise has implications for Australia and the broader Asia-Pacific economic community. With a special focus on Chile, an important member of the Asia Pacific Economic Cooperation (APEC) and a significant commercial partner for Australia, the program draws on regional politics, economics, social and business issues. Topics include economic developments in Chile from 1982 to the present, intercultural business challenges in Latin America, human and economic development challenges in Latin America, political issues in the current Latin American landscape and Latin America in world affairs.

The learning goals associated with this unit are to:

1. understand the dynamics, challenges and opportunities of doing business in a Latin American context
2. develop and present strategic responses that are sustainable, responsible and ethical to specific issues and challenges affecting business, government and society in Chile and Latin America
3. acquire team skills, including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
4. develop reflective practice skills in relation to individual learning.

Within semester assessment: 100%

Minimum total expected workload for this unit is 288 hours per semester. This comprises of a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning (including site visits) and peer directed learning.

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This unit examines business law in practice, including negotiation techniques and applying contract law; legal risk management techniques, applying the law of negligence, statutory consumer law protections and occupational health and safety; choosing the most appropriate business form and complying with requirements, applying corporations law, the law of partnerships, agency and sole traders.

The learning goals associated with this unit are to:

1. recognise common business law issues (including tort, contract and business entities) in practical scenarios
2. understand and apply relevant legal principles to business situations
3. make decisions about legal risks and consequences based on recognising issue and correctly applying relevant legal principles.

Within semester assessment: 50% + Examination: 50%

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

This unit provides students with an appreciation of best corporate governance practices from a global perspective. It considers the reasons for the interest in corporate governance and compares and contrasts the various international corporate governance systems and best practice models. Roles and functions of the board of directors, board committees and the board's relationship with management, shareholders and other stakeholders are explored from both a legal and management perspectives. Corporate social responsibility and corporate governance issues in Asia are also discussed.

The learning goals associated with this unit are to:

1. describe the theories upon which corporate governance models are based, including the legal, economics and management perspectives of these theories
2. evaluate the various international corporate governance systems and best practice models
3. define the roles and functions of the board of directors and the board's relationship with management, shareholders and other stakeholders
4. analyse the way in which corporate law, historical factors and economic institutions affect corporate governance
5. critically analyse various aspects of corporate governance best practice.

Within semester assessment: 50% + Examination: 50%

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

Regulatory oversight and control are increasingly shaping the development of economies and business. Managing business regulation and compliance is a fundamental component of every business operation whether these regulations are by law or self-regulatory. This unit will provide a framework for understanding regulation, government and industry regulators and the range of regulatory methods employed to achieve law enforcement and compliance with business regulation.

Adopting a case study approach, students will explore the meanings and limitations of regulation in different economic and business contexts such as corporations, environment and sustainability, corporate social responsibility, financial services, taxation and workplaces in Australia and regulation practice in the Asia Pacific region.

The learning goals associated with this unit are to:

1. understand and be able to explain a range of theories on, and the practical perspectives, of regulation
2. be able to identify and assess the different meanings and limitations of regulation and regulatory factors in different contexts
3. be able to analyse and develop strategies to achieve compliance with regulatory requirements and best practice in different geographic, economic and business contexts.

Within semester assessment: 50% + End of Semester Task: 50%

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

Trade and investment regimes affecting enterprises operating in the Asian region. International and regional trade conventions. Business and investment laws of selected Asian nations. Topics covered include national development planning; the political context of international trade and investment; import/export regulation; foreign investment regimes, corporate governance, prudential regulation in East Asia and dispute resolution.

The learning goals associated with this unit are to:

1. define and describe the history and current operation of regional trade and investment agreements in Asia
2. describe and demonstrate an understanding of the historical, economic and political context of national legal systems in selected Asian jurisdictions (Malaysia, Indonesia, China and Hong Kong)
3. identify and describe the operation of the institutions responsible for the administration of commercial laws in select Asian jurisdictions
4. have used accepted legal research methodology to examine in detail their choice from a number of specialised topics related to commercial law in one or more Asian jurisdictions
5. identify, analyse and propose possible resolutions to legal issues arising from the conduct of business activities in one or more selected Asian jurisdictions.

Within semester assessment: 100%

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

Postgraduate students either working in or aspiring to work in business in Australia are faced with a regulatory environment that governs the world of work. This unit introduces students to the different legal regulations that provide for rights and obligations of workers and employers. Topics include the Australian employment law system, the employment relationship, awards, workplace agreements, enterprise bargaining, industrial action, general protections, termination of employment and equal opportunity and discrimination law. In seminars students will gain a practical understanding of the legal rules in these topics by applying the law to practical problems and exploring legislation, cases, awards, collective workplace agreements and individual employment contracts.

The learning goals associated with this unit are to:

1. understand the key features of the system of employment regulation in Australia
2. understand the employment relationship in Australia in the context of the interplay between legal rules found in legislation, common law and statutory instruments
3. describe the key legal rules that govern individual and collective employment relations in Australia
4. illustrate the practical implications of employment law by identifying emerging issues in the media, the workplace and case law
5. apply the legal principles from relevant cases to hypothetical scenarios.

Within semester assessment: 40% + Examination: 60%

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. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

In an increasingly complex world, international relations are becoming more uncertain, yet more important, than ever. This unit helps students to apply the rigour of legal analysis to the world of international relations. Topics include the origins and sources of international law, state and diplomatic immunity, state responsibility for individual actions, the influence of international law within national legal systems and the rules governing use of force in international affairs.

The learning goals associated with this unit are to:

1. describe and understand the nature of international law and its basic doctrines
2. identify the sources of international law and explain the principles which govern the application of those sources
3. describe the institutions of international law and understand how they operate
4. analyse the impact of international law on domestic legal systems
5. demonstrate a capacity to research and apply critical analysis to specific problems of international law.

Within semester assessment: 60% + Examination: 40%

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

The unit aims to develop an understanding of the legal and administrative framework governing the regulation of competition and consumer protection, including the operations of the Regulator. The unit also aims to develop an understanding of industrial property law (patents, copyright, designs and trade marks), particularly an ability to recognise and make the choices that confront commercial entities when implementing an effective industrial property policy. Finally, the unit aims to develop an understanding of the manner in which domestic regulation forms part of international regulation.

The learning goals associated with this unit are to:

1. analyse and apply the laws protecting intellectual property to the development and marketing of a range of new products and ideas
2. analyse and apply the consumer protection laws to a range of marketing and advertising strategies
3. analyse and apply the laws regulating a range of marketing practices including pricing and distribution
4. formulate the legal protection of a product or idea using the intellectual property, marketing and consumer protection laws.