- 2019
ACB1100 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit provides students with an introduction to financial accounting guided by the Conceptual Framework and Accounting Standards. Emphasis is placed on accounting processes, practices and policies that enable the financial statements to be prepared. Students will integrate theoretical and technical knowledge learned and exercise judgement to explore accounting issues.
Outcomes
The learning goals associated with this unit are to:
- identify and analyse measurement systems and their relationship with the accounting Conceptual Framework
- apply the principles of double-entry and accrual accounting
- describe and apply definitions and recognition criteria for assets, liabilities, incomes and expenses as specified in the Conceptual Framework
- apply principles of selected Accounting Standards and prepare financial statements for business entities including service and retail organisations
- develop the ability to work effectively in a team; and demonstrate the development of skills in research, judgement and oral communication.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACB1200 - Accounting for managers
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit introduces basic accounting concepts to non-accountants. The information requirements of two main groups of information users are examined - external users such as current and potential investors and internal users such as managers. This unit provides an introduction to the structure, meaning, analysis and interpretation of financial statements, in addition to exploring financial issues confronting managers, such as cost and performance measurement and budgeting.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of various forms of business organisations
- apply financial and management accounting principles in the preparation of financial statements
- measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses
- measure and interpret financial and non-financial information for managers to use in planning, decision making and control
- develop the ability to work effectively in a team and demonstrate the development of judgement, and skills in problem solving, critical thinking and analysis.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACB2020 - Cost information for decision making
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Prerequisites
ACB1100 or equivalent.
Co-requisites
Students must be enrolled in course B2007.
Prohibitions
ACW2020
Synopsis
Introduction to management accounting. Topics include: basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, joint and by-product spoilage and waste, apportioning joint costs for multiple products, activity-based costing and information for management decisions.
Outcomes
The learning objectives associated with this unit are to:
- describe cost behaviour under different assumptions
- compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
- apply conventional and contemporary cost management techniques used in manufacturing and service industries
- explain the benefits and limitations of contemporary cost management techniques
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACB2020.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACB2491 - Company reporting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit examines the current Australian reporting and regulatory framework applicable to reporting entities including an analysis of significant accounting standards, professional reporting requirements and legal and stock exchange requirements. Accounting for corporate groups and issues in financial reporting are also explored.
Outcomes
The learning goals associated with this unit are to:
- explain the nature and regulation of companies in Australia
- apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities
- demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB2491.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACB2851 - Accounting information systems and financial modelling
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The objective of this unit is two-fold. First, the unit provides students with a broad introduction to accounting information systems and the role technology plays in accounting. The focus will be on an introduction to: enterprise systems; database management; documentation methods; internal controls; and the core business processes found in organisations. Second, the unit focuses on corporate modelling theory; models as decision support tools; types and uses of models; benefits and limitations of models; effective spreadsheet design; auditing spreadsheet models and development of various models using an industry standard spreadsheet.
Outcomes
The learning objectives associated with this unit are to:
- examine the role of accounting information systems in analysing and providing decision support to managers
- explain the design of accounting information systems and financial models
- develop financial models to assist in decision making
- apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB2851.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACB3021 - Performance measurement and control
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics include the budget planning process including master budget preparation, budgeting standard costs and variance analysis, responsibility accounting, management by objectives and non-financial performance measurement, divisional performance, transfer pricing issues, program budgeting and other approaches, capital budgeting, strategic planning and control.
Outcomes
The learning objectives associated with this unit are to:
- apply traditional and contemporary performance measurement and control techniques to enable managers to measure and enhance organisational performance
- analyse and make recommendations regarding the design of performance measurement and control systems
- explain how behavioural implications are crucial for the effective design of performance measurement and control systems
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with performance measurement and control and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB3021.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACB3041 - Auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit examines the auditor's legal liabilities, audit process and evidence, the concepts of materiality and risks, study and evaluation of internal control, EDP auditing, audit sampling techniques, the test of transactions cycles and the verification of account balances, auditors reports, and internal and operational auditing.
Outcomes
The learning goals associated with this unit are to:
- explain the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
- explain the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
- describe the assurance framework, planning process and evidence gathering procedures used by auditors to form an audit opinion
- 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 ACB3041.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACB3050 - Advanced financial accounting theory and issues
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
Financial accounting topics covered by this unit include: Australian accounting standards, institutional setting and the conceptual framework; accounting for leases; accounting for employee benefits; accounting for financial instruments; cash flow reporting; segment reporting; accounting for EPS; accounting for extractive industries; accounting for agriculture; financial reporting in the public sector; foreign currency translation; and social and environmental reporting.
Outcomes
The learning objectives associated with this unit are to:
- acquire advanced knowledge of the conceptual framework and disclosure requirements in accordance with the accounting standards and the statutory laws
- develop an improved understanding of how professional policies are formulated in preparation of accounting for various financial accounting issues with particular reference to current practice
- develop critical skills in written communication and problem analysis through the completion of comprehensive assignment exercise and /or essays
- develop an ability to work independently and to participate in group discussions with participants from diverse backgrounds
- demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACB3050.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC1100 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Mr John Gerrand
(First semester)
Dr Christofer Adrian
(Second semester)
Unit guides
Synopsis
This unit is designed for students undertaking the accounting major. It will provide an introduction to financial accounting guided by the Conceptual Framework and Accounting Standards. Emphasis is placed on accounting processes, practices and policies that enable financial statements to be prepared. Students will integrate theoretical and technical knowledge learned and exercise judgement to explore accounting issues.
Outcomes
The learning goals associated with this unit are to:
- identify and analyse measurement systems and their relationship with the accounting Conceptual Framework
- apply the principles of double-entry and accrual accounting
- describe and apply definitions and recognition criteria for assets, liabilities, incomes and expenses as specified in the Conceptual Framework
- apply principles of selected Accounting Standards and prepare financial statements for business entities including service and retail organisations
- develop the ability to work effectively in a team; and demonstrate the development of skills in research, judgement and oral communication.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC1200 - Accounting for managers
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Ms Ellinor Allen
(First semester)
Mr Tirukumar Thiagarajah
(Second semester)
Unit guides
Synopsis
This unit introduces basic accounting concepts to non-accountants. The information requirements of two main groups of information users are examined - external users such as current and potential investors and internal users such as managers. This unit provides an introduction to the structure, meaning, analysis and interpretation of financial statements, in addition to exploring financial issues confronting managers, such as cost and performance measurement and budgeting.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of various forms of business organisation
- apply financial and management accounting principles in the preparation of financial statements
- measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses
- measure and interpret financial and non-financial information for managers to use in planning, decision making and control
- develop the ability to work effectively in a team and demonstrate the development of judgement, and skills in problem solving, critical thinking and analysis.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC2100 - Financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Sunyoung Kim
(First semester)
Dr Dharmendra Naidu
(Second semester)
Coordinator(s)
Dr Sunyoung Kim
(First semester)
Dr Dharmendra Naidu
(Second semester)
Unit guides
Synopsis
This unit examines financial accounting issues associated with the operation of corporate structures. Topics include financial reporting requirements, financing company operations, business combinations, the nature of corporate groups, the preparation of consolidated financial statements and financial statement analysis.
Outcomes
The learning goals associated with this unit are to:
- explain the regulation of companies and the content of company financial reports
- critically examine current issues and disclosure requirements in financial reporting
- apply accounting standards and the conceptual framework in the preparation and presentation of financial reports for consolidated entities
- demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment, acquisitions, group accounting and financial statement analysis
- apply critical thinking, research, problem solving, and written and oral communication skills to demonstrate the acquisition of a comprehensive understanding of the topics covered by this unit.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC2200 - Introduction to management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Prabanga Thoradeniya
(First semester)
Ms Maleen Gong
(Second semester)
Coordinator(s)
Unit guides
Synopsis
This introductory management accounting unit focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision-making. Topics include: costs and cost behaviour, product costing, cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.
Outcomes
The learning goals associated with this unit are to:
- classify costs dependent on the context and purpose of related decisions
- analyse cost behaviour and estimate costs
- design, use and evaluate costing systems
- analyse and use cost information relevant to decision-making
- apply critical thinking, problem solving and communication skills to individual and/or group activities to demonstrate a comprehensive understanding of the topics covered in the unit.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC2400 - Accounting information systems
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Edward Tello
(First semester)
Dr Daisy Seng
(Second semester)
Unit guides
Synopsis
At the core of Accounting Information Systems is the idea that accountants must understand the core business processes that underpin the business activities in an organisation and generate transaction data. Thus, the objective of this unit is to provide students with a broad introduction to the core business processes. Further, given the role technology plays in accounting, with many accounting systems being computerised, other topics covered include: how hardware, software and human processes turn data into useful financial and non-financial information for decision making, methods for documenting and analysing business processes, principles of effective spreadsheet design, systems development and maintenance, and the need to understand internal controls in order to ensure (information and other) resources remain secure from losses through both inadvertent and malicious actions.
Outcomes
The learning goals associated with this unit are to:
- examine the role of business processes and the use of accounting information systems in capturing and managing information that support the needs of stakeholders
- analyse and evaluate the design of business processes and accounting information systems
- explain the importance of internal controls and recommend internal controls that cover key business processes and support the achievement of goals
- synthesise design principles to develop financial models that assist in decision making
- apply critical thinking, problem solving and communication skills to analyse, evaluate and interpret business processes and the accounting data that is generated.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC3100 - Advanced financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Richard Pucci
(First semester)
Dr Patty McNicholas
(Second semester)
Coordinator(s)
Unit guides
Synopsis
This unit explores advanced financial accounting issues, building on knowledge and skills gained in earlier units in financial accounting. A range of theories used to assess accounting decisions, reporting practices and regulation are examined. The unit focuses on a number of contemporary accounting issues including: measurement, intangible assets, financial instruments, foreign currency transactions and integrated reporting.
Outcomes
The learning goals associated with this unit are to:
- examine contemporary financial accounting issues
- apply a range of theories of accounting to explain accounting practices and appreciate the judgements, estimations and assumptions influencing accounting numbers
- critically assess and appreciate changing influences in standard setting and regulatory requirements
- apply judgement, communication and problem solving skills to deal with advanced financial accounting issues.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC3200 - Management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Carly Moulang
(First semester)
Mr Ahmad Sujan
(Second semester)
Unit guides
Synopsis
This unit focuses on the provision and use of management accounting information for management planning and control in organisations. Technical and behavioural issues related to budgeting, variance analysis, performance measurement, and value chain management are considered.
Outcomes
The learning goals associated with this unit are to:
- apply management accounting techniques to enable managers to measure and enhance organisational performance
- analyse and make recommendations regarding the design of management accounting systems
- critically evaluate management accounting systems in terms of their behavioural implications
- apply critical thinking, problem solving and communication skills to indivudual and/or group activities to demonstrate a comprehensive understanding of the topics covered in the unit.
- enhance your ability to work effectively in a group.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACC3600 - Auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Soon-Yeow Phang
(First semester)
Dr Ashna Prasad
(Second semester)
Coordinator(s)
Dr Soon-Yeow Phang
(First semester)
Dr Ashna Prasad
(Second semester)
Unit guides
Synopsis
This unit encompasses the nature and purpose of audit and assurance services, and the regulatory and professional environment in which they operate. Students apply professional, ethical and legal requirements stemming from the assurance framework and applicable auditing pronouncements to 'real world' scenarios.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate the demand for and the limitations of audit and assurance services
- explain the regulatory ethical and professional requirements applicable to assurance services
- understand the assurance framework and apply judgement to determine audit strategy and procedures, appropriateness of evidence gathered and conclusions reached
- analyse the auditor's role in corporate governance with emphasis on the detection and reporting of frauds and errors
- apply critical thinking, problem solving and communication skills to resolve ethical dilemmas and professional issues faced by audit practitioners.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF1100 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Mr John Gerrand
(First semester, City)
Dr Christofer Adrian
(Second semester)
Coordinator(s)
Mr John Gerrand
(Caulfield, City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Prohibitions
Synopsis
This unit is designed for students undertaking the accounting major. It will provide an introduction to financial accounting guided by the Conceptual Framework and Accounting Standards. Emphasis is placed on accounting processes, practices and policies that enable the financial statements to be prepared. Students will integrate theoretical and technical knowledge learned and exercise judgement to explore accounting issues.
Outcomes
The learning goals associated with this unit are to:
- identify and analyse measurement systems and their relationship with the Accounting Conceptual Framework
- apply the principles of double-entry and accrual accounting
- describe and apply definitions and recognition criteria for assets, liabilities, incomes and expenses as specified in the Conceptual Framework
- apply principles of selected Accounting Standards and prepare financial statements for business entities including service and retail organisations
- develop the ability to work effectively in a team and demonstrate the development of skills in research, judgement and oral communication.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF1200 - Accounting for managers
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Ms Ellinor Allen
(First semester)
Mr Tirukumar Thiagarajah
(Second semester)
Ms Tao Tao
(Trimester A, Trimester B)
Mr John Gerrand
(Trimester C)
Coordinator(s)
Ms Ellinor Allen
(First semester)
Mr Tirukumar Thiagarajah
(Second semester)
Ms Tao Tao
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit introduces basic accounting concepts to non-accountants. The information requirements of two main groups of information users are examined - external users such as current and potential investors and internal users such as managers. This unit provides an introduction to the structure, meaning, analysis and interpretation of financial statements, in addition to exploring financial issues confronting managers, such as cost and performance measurement and budgeting.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of various forms of business organisation
- apply financial and management accounting principles in the preparation of financial statements
- measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses
- measure and interpret financial and non-financial information for managers to use in planning, decision making and control
- develop the ability to work effectively in a team and demonstrate the development of judgement, and skills in problem solving, critical thinking and analysis.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF2100 - Financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Sunyoung Kim
(First semester)
Dr Dharmendra Naidu
(Second semester)
Dr Lisa Powell
(City)
Coordinator(s)
Dr Sunyoung Kim
(First semester)
Dr Dharmendra Naidu
(Second semester)
Mr Steven Burch
(Trimester A and B)
Mrs Robyn Dyt
(Trimester C)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit examines financial accounting issues associated with the operation of corporate structures. Topics include financial reporting requirements, financing company operations, business combinations, the nature of corporate groups, the preparation of consolidated financial statements and financial statement analysis.
Outcomes
The learning goals associated with this unit are to:
- explain the regulation of companies and the content of company financial reports
- critically examine current issues and disclosure requirements in financial reporting
- apply accounting standards and the conceptual framework in the preparation and presentation of financial reports for consolidated entities
- demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment, acquisitions, group accounting and financial statement analysis
- apply critical thinking, research, problem solving and written and oral communication skills to demonstrate the acquisition of a comprehensive understanding of the topics covered by this unit.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF2200 - Introduction to management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Prabanga Thoradeniya
(First semester, Trimester A, Trimester B)
Ms Maleen Gong
(Second semester, Trimester C)
Coordinator(s)
Dr Prabanga Thoradeniya
(First semester)
Ms Maleen Gong
(Second semester)
Dr Amid Khosa
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This introductory management accounting unit focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision-making. Topics include: costs and cost behaviour, product costing, cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.
Outcomes
The learning goals associated with this unit are to:
- classify costs dependent on the context and purpose of related decisions
- analyse cost behaviour and estimate costs
- design, use and evaluate costing systems
- analyse and use cost information relevant to decision-making
- apply critical thinking, problem solving and communication skills to individual and/or group activities to demonstrate a comprehensive understanding of the topics covered in the unit.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF2400 - Accounting information systems
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Edward Tello
(First semester)
Dr Daisy Seng
(Second semester, Trimester B)
Dr Andrzej Ceglowski
(Trimester A, Trimester C)
Coordinator(s)
Dr Edward Tello
(Caulfield)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
At the core of Accounting Information Systems is the idea that accountants must understand the core business processes that underpin the business activities in an organisation and generate transaction data. Thus, the objective of this unit is to provide students with a broad introduction to the core business processes.
Further, given the role technology plays in accounting, with many accounting systems being computerised, other topics covered include: how hardware, software and human processes turn data into useful financial and non-financial information for decision making, methods for documenting and analysing business processes, principles of effective spreadsheet design, systems development and maintenance, and the need to understand internal controls in order to ensure (information and other) resources remain secure from losses through both inadvertent and malicious actions.
Outcomes
The learning goals associated with this unit are to:
- examine the role of business processes and the use accounting information systems have in capturing and managing information which supports the needs of stakeholders
- analyse and evaluate the design of business processes and accounting information systems
- explain the importance of internal controls and recommend internal controls that cover key business processes and which support the achievement of goals
- synthesise design principles to develop financial models that assist in decision making
- apply critical thinking, problem solving and communication skills to analyse, evaluate and interpret business processes and the accounting data that is generated.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF3100 - Advanced financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Mr Richard Pucci
(First semester)
Dr Patty McNicholas
(Second semester)
Ms Michelle Song
(Trimester A)
Dr Mahendra Goyal
(Trimester B and C)
Coordinator(s)
Mr Richard Pucci
(Caulfield)
Ms Michelle Song
(Trimester A)
Dr Mahendra Goyal
(Trimester B and C)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit explores advanced financial accounting issues, building on knowledge and skills gained in earlier units in financial accounting. A range of theories used to assess accounting decisions, reporting practices and regulation are examined. The unit focuses on a number of contemporary accounting issues including: measurement, intangible assets, financial instruments, foreign currency transactions and integrated reporting.
Outcomes
The learning goals associated with this unit are to:
- examine contemporary financial accounting issues
- apply a range of theories of accounting to explain accounting practices and appreciate the judgements, estimation and assumptions influencing accounting numbers
- critically assess and appreciate changing influences in standard setting and regulatory requirements
- apply judgement, communication and problem solving skills to deal with advanced financial accounting issues.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF3200 - Management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Ahmad Sujan
(Second semester, Trimester A, Trimester B)
Dr Carly Moulang
(First Semester)
Dr Aldonio Ferreira
(Trimester C)
Coordinator(s)
Mrs Robyn Dyt
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit focuses on the provision and use of management accounting information for management planning and control in organisations. Technical and behavioural issues related to budgeting, variance analysis, performance measurement, and value chain management are considered.
Outcomes
The learning goals associated with this unit are to:
- apply management accounting techniques to enable managers to measure and enhance organisational performance
- analyse and make recommendations regarding the design of management accounting systems
- critically evaluate management accounting systems in terms of their behavioural implications
- apply critical thinking, problem solving and communication skills to individual and/or group activities to demonstrate a comprehensive understanding of the topics covered in the unit
- enhance your ability to work effectively in a group.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF3600 - Auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Soon-Yeow Phang
(First semester)
Dr Ashna Prasad
(Second semester)
Dr Lisa Powell
(City)
Coordinator(s)
Dr Soon-Yeow Phang
(First semester)
Dr Ashna Prasad
(Second semester)
Mrs Robyn Dyt
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit encompasses the nature and purpose of audit and assurance services, and the regulatory and professional environment in which they operate. Students apply professional, ethical and legal requirements stemming from the assurance framework and applicable auditing pronouncements to 'real world' scenarios.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate the demand for and the limitations of audit and assurance services
- explain the regulatory ethical and professional requirements applicable to assurance services
- understand the assurance framework and apply judgement to determine audit strategy and procedures, appropriateness of evidence gathered and conclusions reached
- analyse the auditor's role in corporate governance with emphasis on the detection and reporting of frauds and errors
- apply critical thinking, problem solving and communication skills to resolve ethical dilemmas and professional issues faced by audit practitioners.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACF3900 - Global issues in accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Nicholas McGuigan
(First semester)
Dr Alessandro Ghio
(Second semester)
Unit guides
Synopsis
This capstone unit integrates prior learning gained throughout the Bachelor of Accounting course and prepares students for transition to a professional career and for undertaking postgraduate studies. Students will be required to analyse, synthesise, critically evaluate, and apply knowledge and skills acquired over the course of their studies to real-world scenarios. Students will also be required to reflect on the role of accounting in organisations and society more generally, and will develop professional judgement, as well as the key skills that are expected of accountants.
Outcomes
The learning goals associated with this unit are to:
- analyse, synthesise and critically evaluate the effect of accounting policies, regulatory requirements and other external factors on organisational performance
- analyse business models and evaluate the drivers of competitive advantage and value creation in various organisational settings, including their impact on various stakeholders
- appraise the role of accounting and accountants in strategy formulation and implementation, as well as in decision-making
- demonstrate the ability to report, interpret and communicate effectively accounting advice and ideas, through written reports and oral presentations, at a level required for a career in accounting and business
- demonstrate a capacity to work independently, to self-manage, and lead and participate in teams.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS1000 - Principles of accounting and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
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 should benefit students who wish to specialise in accounting and finance, and will also be of value to students whose primary interest lies elsewhere in the field of business. On completion, students should have 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.
Topics covered include the accounting equation, general purpose financial statements, cash and accrual accounting, balance day adjustments, financial statement analysis, interpreting information for managers to use in planning, decision making and control, and an introduction to finance, financial mathematics and investments.
Outcomes
The learning goals associated with this unit are to:
- describe the elements of financial statements, apply double entry recording and prepare basic financial statements
- analyse and interpret financial statements and explain their use for decision making
- prepare and interpret information (financial and non-financial) for managers to use in planning, decision making and control
- describe basic finance concepts and apply financial mathematics to investment decisions
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with introductory accounting and finance principles and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ACS1000.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS1002 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
ACS1000 or equivalent.
Synopsis
This unit will cover various aspects of financial accounting and builds on the principles introduced in AFS1000/AFW1000/ACW1000. Aspects associated with transaction reporting and the preparation of financial statements investigated include: the recording of inventory in a retail context, the use of control accounts, the role of specialised journals, a range of balance day-adjustments, reversing entries and account reconstruction. The unit also focuses on internal control procedures. The definition, recognition and disclosure criteria of financial statement elements are explored, as well as the cost and fair value measurement of various financial statement elements.
Outcomes
The learning goals associated with this unit are to:
- account for the recording and reporting of inventory, applying the periodic and perpetual method as per issues raised in AASB 102/IAS 102. Prepare and complete balance day adjustments, closing entries and internal control systems to allow all final statements and bank reconciliations to be completed
- apply the principles of double entry according to the reconstruction of accounts
- demonstrate how the regulatory environment effects accounting statements in the context of a range of organisational forms
- apply the definition and recognition criteria for elements of financial statements as per the Framework and specific international financial reporting standards, and consider accounting and accountability issues that arise from different measurement methods
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS1002.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS2700 - Business ethics, corporate governance and professional conduct
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
ACS1000 or equivalent.
Synopsis
This unit provides an introduction to ethical issues in business, with a specific focus on the accounting profession. The unit addresses four areas of ethics and business: an introduction to ethical theories and applied ethics, including the nature of ethics and ethical decision-making; an overview of business ethics and its relationship with corporate governance and social responsibility; an understanding of how ethics affects businesses, organisations and professions; The Code of Professional Conduct in the accountancy profession.
Outcomes
The learning goals associated with this unit are to:
- examine the ethical dimension of individual and social life in the context of cultural diversity
- define and explain selected ethical theories and their relevance to business and professional ethical issues
- apply an ethical and corporate governance perspective to organisational and management issues
- explain the nature of professionalism
- be able to use ethical knowledge and theory to make decisions in relation to case studies
- describe the purpose, structure and contents of selected codes of conduct from business and professions, particularly the accounting profession and apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with ethics in business and the accounting profession and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS2700.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS2730 - Financial accounting A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Prerequisites
ACS1002 or equivalent.
Synopsis
This unit covers various aspects of financial accounting and builds on the principles introduced in AFW1002/ACW1002. The unit reviews and further analyses the Conceptual Framework and Preparation and Presentation of Financial Statements, with a focus on its application to specific IFRS. This unit introduces IFRS topics, such as revenue recognition; provisions and contingent liabilities/assets; events after the reporting period; accounting policies, estimates and errors; and borrowing costs. The unit further explores the recognition, measurement and disclosure requirements for various categories of assets including accounting for: inventories; property, plant and equipment; impairment of assets; intangible assets; investment property; and non-current assets held for sale and discontinued operations.
Outcomes
The learning objectives associated with this unit are to:
- describe and understand the requirements of the financial reporting and regulatory environment, including the internationalisation of accounting practices and the underlying theory supporting the accounting treatment in the application of the IFRS requirements
- discuss the key aspects of the Conceptual Framework relating to the definitions and recognition criteria of the elements, as applied to the various spectrum of accounting topics
- apply IFRS requirements to the accounting for revenue recognition, provisions and contingent liabilities/assets, events after the reporting period, accounting policies, estimates and errors and borrowing costs
- apply IFRS recognition, measurement and disclosure requirements to the accounting for various asset topics including inventories; property, plant and equipment; impairment of assets; intangible assets; investment property; and non-current assets held for sale and discontinued operations
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS2730.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS2740 - Financial accounting B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Prerequisites
ACS2730 or equivalent.
Synopsis
The unit covers various aspects of financial accounting and builds on the principles introduced in prior financial accounting units. It provides a detailed examination of applying IFRS with the focus on accounting for income taxes, earnings per share and the preparation and presentation of the statement of cash flows. The unit also introduces accounting principles governing group accounts and the preparation of group statements. Students are also exposed to using commercial accounting software to prepare accounting records in accordance with the IFRS covered in this and prior units.
Outcomes
The learning objectives associated with this unit are to:
- analyse and evaluate how entities apply the IFRS topics dealt with in this unit in their annual financial reporting, including the recognition, measurement, disclosure and presentation of these topics
- evaluate and apply the IFRS on earnings per share and accounting for income taxes
- prepare a statement of cash flows in conformity with IFRS
- explain and apply the basic principles of accounting for group transactions, including business combinations and intracompany transactions, and the preparation of group financial statements
- demonstrate proficiency in the use of a commercial accounting software package to enter and process accounting data according to selected IFRS and to analyse and interpret the resulting accounting information
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial accounting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS2740.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS2760 - Auditing A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces auditing covering the responsibilities, functions and qualities of the auditor. The unit reviews the audit process from planning to the completion of the audit and includes the going concern concept; fraud and error; audit evidence; engagement and planning; internal controls and substantive procedures; completion of the audit and special audit investigations. The tests of control and substantive tests performed on the following business cycles are also included: revenue and receipts; acquisitions and payments; inventory and production; payroll and personnel.
Outcomes
The learning objectives associated with this unit are to:
- apply the general principles of auditing, the responsibilities, functions and qualities of the auditor and illustrate knowledge of a proper background to auditing in a simulated practical scenario
- explain and describe the audit process from planning to the completion of the audit, assess audit risk and determine materiality
- describe all the relevant issues regarding the going concern concept and reliance on other parties, and apply this knowledge to various simulated practical situations/in various audits
- describe and examine internal controls in the context of external auditing, and apply this knowledge to simulated practical situations and to make recommendations in that regard
- apply tests of control and substantive testing to the business cycles
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and demonstrate in an individual summative assessment ask the acquisition of a comprehensive understanding of the topics covered in ACS2760.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS2770 - Cost and management accounting A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit is an introduction to cost and management accounting. Topics include basic terms and concepts, classification and behaviour of costs, recording product cost transactions for manufacturing firms, process costing, overhead costs, cost-volume-profit analysis, standard costing, spoilage and waste, apportioning joint costs for multiple products, activity-based costing, pricing and product mix decisions, risk and uncertainty and information for management decisions.
Outcomes
The learning goals associated with this unit are to:
- describe cost behaviour under different assumptions
- compare systems designed to provide relevant and timely information to managers for resource management and allocation decisions
- apply conventional and contemporary cost management techniques used in manufacturing and service industries
- explain the benefits and limitations of contemporary cost management techniques
- identify aspects broader than only financial aspects (such as environmental, social, economic and governance) in decision making
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with cost information for decision making and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by ACS2770.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS3730 - Financial accounting C
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Prerequisites
ACS2740 or equivalent.
Synopsis
The unit covers various aspects of financial accounting and builds on the principles introduced in prior financial accounting units. It provides a detailed examination and/or more detailed exploration (than AFS2730/ACS2730 or AFS2740/ACS2740) of applying reporting standards (IFRS) in a financial reporting environment, with the focus on conceptual framework; preparation and presentation of financial statements; provisions, contingent liabilities and contingent assets; revenue recognition; income taxes (including deferred tax); leases, non-current assets held for sale and discontinued operations; the effects of changes in foreign exchange rates and hedging; employee benefits; share-based payments; financial instruments; and earnings per share.
Outcomes
The learning objectives associated with this unit are to:
- critically analyse the conceptual framework with regards to the objective of general purpose financial reporting; the specific information needs of users, as well as the general information needs of other users; the qualitative characteristics and underlying assumption of useful financial information; the appropriate definitions of elements and their recognition criteria
- discuss the key aspects of the conceptual framework (as described in objective 1) as applied to the preparation and presentation of financial statements, as well as the various spectrum of accounting topics dealt with in this unit
- discuss, apply, calculate and explain the detailed requirements relating to various IFRS topics, including recognition, measurement, disclosure and presentation of these topics: provisions, contingent liabilities and contingent assets; revenue recognition; income taxes (including deferred tax); leases, non-current assets held for sale and discontinued operations; the effects of changes in foreign exchange rates and hedging; employee benefits; share-based payments; financial instruments; and earnings per share
- identify, discuss and apply the detailed requirements of the various IFRS topics included in this unit to integrated accounting case studies and practical scenarios, in order to identify and solve all the related issues regarding a variety of IFRS problems included in one scenario
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial according and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3730.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS3740 - Financial accounting D
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Prerequisites
ACS3730 or equivalent.
Synopsis
The unit focuses on the preparation and presentation of group financial statements in accordance with the requirements of IFRS and the regulatory environment. In doing so, it builds on the principles of group accounting introduced in AFS2740/ACS2740. The unit explores: factors to be considered when assessing control of one entity by another; accounting for business combinations, acquisition of equity interests in another entity, wholly or partly, at acquisition and subsequent to acquisition; accounting for intragroup transactions and dividends, at-acquisition fair value adjustments, preference shares and impairment of goodwill. Consolidation is also applied to accounting for complex groups and interim acquisitions. The unit also covers the application of IFRS to accounting for associates and joint arrangements. In preparation of group accounts, the unit requires the appropriate application of IFRS topics (as covered in AFS3730/ACS3730) in the group financial statements.
Outcomes
The learning objectives associated with this unit are to:
- discuss and apply the practical application of IFRS topics, as covered in prior financial accounting units, to the financial reporting of entities, both in individual and group financial statements
- discuss the theory and background to group structures and preparing group financial statements
- prepare and assess group financial statements for wholly-owned and partly-owned subsidiaries, taking into account the effects of intragroup transactions, dividends, preferences shares, interim acquisitions and complex groups
- discuss and apply the principles of accounting for associates and joint arrangements
- discuss and apply the basic principles of changes in ownership interests of group entities
- apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with group statements and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3740.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS3750 - Cost and management accounting B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
ACS2770 or equivalent.
Synopsis
This unit builds upon the understanding, knowledge and skills developed in AFS2770/ACS2770 (Cost and management accounting A). The unit covers the theory, background and application of managerial decision making in respect of the following different types of decision making techniques: advanced cost-volume-profit analysis and sensitivity analysis, measuring relevant cost and revenues for decision making, complex activity based costing and management, advanced pricing decisions and profitability analysis, budgeting, advanced standard costing variance calculations, analysis and interpretation, performance management, cost estimation and cost behaviour and scarce resources.
Outcomes
The learning objectives associated with this unit are to:
- explain and discuss the role that management accounting information plays in organisations
- review critically, analyse, consolidate and synthesise knowledge of advanced quantification techniques to provide information for management decision-making and give advice
- demonstrate proficiency in applying the management accounting related instruments, techniques and procedures covered to theoretical and practical applications and interpret the results and advice accordingly
- identify, evaluate and critically review aspects broader than only financial aspects (such as environmental, social, economic and governance) in management decision making
- apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with management information and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3750.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS3765 - Auditing C
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit focuses on computer information systems (CIS) and business cycles. The unit introduces the management of computer information systems (CIS) with a particular focus on the internal controls that should be present in a CIS environment and would be of interest to the external auditor. The important concepts and procedures to use and audit financial databases and CIS are addressed. The download of financial data and its manipulation in order to verify and audit it, as well as the performance of computer assisted auditing techniques (CAATs) on this data are examined in this unit. The influence of the internet and e-commerce on the business and auditing environments, as well as applicable legislation are also covered. In addition, this unit contains demonstrations of using spreadsheets and selected audit software often used by accountants and auditors in practice. The unit further covers business activities namely revenue and receipts, bank and cash, purchases and payments, inventory and production, payroll and personnel, and finance and investment. The unit concludes by addressing going concern, and reliance on other parties.
Outcomes
The learning goals associated with this unit are to:
- describe computer security and controls (general and application), and apply that knowledge in order to assess the relevant audit risks and to make recommendations, as an external auditor, for the improvement of security and controls in simulated simple and advanced CIS environments and networks
- design audit procedures (both tests of control and substantive) including the use of computer assisted audit techniques (CAATs) in response to the risk assessment in simulated practical scenarios for all business processes.
- explain the influence of the internet and e-commerce on the business and auditing environments, including relevant legislation
- explain the use of the computer practically as a business, accounting and auditing tool with reference to spreadsheet analysis software, CAATs software and automated audit working papers in selected case studies
- describe how auditors identify and assess going concern problems
- describe the transaction flow within a cycle, including a reference to the documents and people involved
- identify the instances where an auditor will find it effective and efficient to engage other parties to gather evidence and describe the procedures the auditor needs to perform on the work of the other parties.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACS3770 - Auditing B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
The application of South African regulations on the audit profession and the external auditor, including corporate governance, is dealt with extensively in this unit. In addition to exploring the regulations applicable to external auditors the unit also covers professional conduct in terms of the SAICA Code of Professional Conduct. The unit addresses the audit process (preliminary engagement activities, planning, responding to assessed risk and reporting). The International Standards on Auditing (ISAs) are also covered.
Outcomes
The learning goals associated with this unit are to:
- evaluate compliance with the regulations applicable to external auditors to identify violations and to make relevant recommendations
- assess corporate governance and recommend improvements towards best practices
- evaluate compliance with the SAICA Code of Professional Conduct applicable to external auditors to identify violations and make relevant recommendations
- describe the procedures within the audit process, for preliminary engagement activities, planning, responding to assessed risk and evaluating, concluding and reporting
- apply the International Standards on Auditing (ISAs) in simulated practical scenarios
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with auditing and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACS3770.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW1100 - Introduction to financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Norita Mohd Nasir
(First Semester)
Dr Lee Mei Yee
(Second Semester)
Coordinator(s)
Unit guides
Prohibitions
Synopsis
This unit provides students with an introduction to financial accounting guided by the Conceptual Framework and Accounting Standards. Emphasis is placed on accounting processes, practices and policies that enable the financial statements to be prepared. Students will integrate theoretical and technical knowledge learned and exercise judgement to explore accounting issues.
Outcomes
The learning goals associated with this unit are to:
- identify and analyse measurement systems and their relationship with the accounting Conceptual Framework
- apply the principles of double-entry and accrual accounting
- describe and apply definitions and recognition criteria for assets, liabilities, incomes and expenses as specified in the Conceptual Framework
- apply principles of selected Accounting Standards and prepare financial statements for business entities including service and retail organisations
- develop the ability to work effectively in a team; and demonstrate the development of skills in research, judgement and oral communication.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW1200 - Accounting for managers
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces basic accounting concepts to non-accountants. The information requirements of two main groups of information users are examined. External users such as current and potential investors and internal users such as managers. This unit provides an introduction to the structure, meaning, analysis and interpretation of financial statements, in addition to exploring financial issues confronting managers, such as cost and performance measurement and budgeting.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of various forms of business organisation
- apply financial and management accounting principles in the preparation of financial statements
- measure and interpret information relating to financial performance, financial position, liquidity and risk indicators of businesses
- measure and interpret financial and non-financial information for managers to use in planning, decision making and control
- develop the ability to work effectively in a team and demonstrate the development of judgement, and skills in problem solving, critical thinking and analysis.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW2391 - Introduction to management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Dr Puspavathy Rassiah
(First semester)
Ms Aniza Zainol
(Second semester)
Unit guides
Synopsis
This introductory management accounting unit focuses on the types of cost information that can be produced to assist managers and other employees within organisations in planning and control, and in decision-making. Topics include: costs and cost behaviour, product costing, cost allocation techniques, cost-volume-profit analysis, and the use of cost information for management decisions.
Outcomes
The learning goals associated with this unit are to:
- classify costs dependent on the context and purpose of related decisions
- analyse cost behaviour and estimate costs
- design, use and evaluate costing systems
- analyse and use cost information relevant to decision-making
- develop written communication skills; and apply critical thinking and problem solving skills to demonstrate the acquisition of a comprehensive knowledge of the topics covered in ACW2391.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW2491 - Financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Foo Yee Boon
(First semester)
Dr Norita Mohd Nasir
(Second semester)
Coordinator(s)
Dr Foo Yee Boon
(First semester)
Dr Norita Mohd Nasir
(Second semester)
Unit guides
Synopsis
This unit covers International Financial Reporting Standards applicable to reporting entities including an analysis of significant accounting standards, professional reporting requirements and stock exchange requirements. Accounting for corporate groups and issues in financial reporting are also explored.
Outcomes
Upon successful completion of this unit, students should be able to:
- explain the nature and regulation of companies
- apply accounting standards and the framework in the preparation and presentation of financial statements for both single and consolidated entities
- demonstrate accounting knowledge in areas such as company operations, taxation, property, plant and equipment (acquisition and impairment), and group accounting
- examine contemporary financial accounting issues
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with company reporting and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW2491.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW2851 - Accounting information systems and financial modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The objective of this unit is two-fold. First, the unit provides students with a broad introduction to accounting information systems and the role technology plays in accounting. The focus will be on an introduction to: enterprise systems; database management; documentation methods; internal controls; and the core business processes found in organisations. Second, the unit focuses on corporate modelling theory; models as decision support tools; types and uses of models; benefits and limitations of models; effective spreadsheet design; auditing spreadsheet models and development of various models using an industry standard spreadsheet.
Outcomes
The learning goals associated with this unit are to:
- examine the role of accounting information systems in analysing and providing decision support to managers
- explain the design of accounting information systems and financial models
- develop financial models to assist in decision making
- apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with accounting information systems and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW2851.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW3041 - Auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Ms Shyamala Dhoraisingham Samuel
Coordinator(s)
Ms Shyamala Dhoraisingham Samuel
Unit guides
Synopsis
Overview of auditing, the auditor's legal liabilities, audit process and evidence, the concepts of materiality and risks, study and evaluation of internal control, EDP auditing, audit sampling techniques, the test of transactions cycles and the verification of account balances, auditors reports, and internal and operational auditing.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of the role, limitations and demand for audits in modern corporate society including the auditor's professional, ethical and legal obligations
- examine the auditor's role in corporate governance with particular emphasis on the detection and reporting of fraud and error
- describe the assurance framework, and apply planning processes and evidence gathering procedures that are used by auditors to form an audit opinion
- 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 ACW3041.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW3431 - Management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Dr Pak Mei Sen
(First semester)
Dr Puspavathy Rassiah
(Second semester)
Unit guides
Synopsis
This unit focuses on the provision and use of management accounting information for management planning and control in organisations. Technical and behavioural issues related to budgeting, variance analysis, performance measurement, and value chain management are considered.
Outcomes
The learning goals associated with this unit are to:
- apply management accounting techniques to enable managers to measure and enhance organisational performance
- analyse and make recommendations regarding the design of management accounting systems
- evaluate management accounting systems in terms of their behavioural implications
- apply critical thinking, problem solving and communication skills to demonstrate a comprehensive understanding of the topics covered in ACW3431.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACW3491 - Advanced financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit covers advanced practical accounting issues and the recommended accounting treatment prescribed by the underlying theories and conceptual framework of accounting. The extended knowledge of the regulatory bodies and the views of the accounting profession are blended into the contents of the unit.
Outcomes
The learning goals associated with this unit are to:
- critically analyse how standard setting procedures and theories of regulation are formulated and their contribution to financial reporting globally
- apply the definition and recognition criteria for elements of financial statements and examine the associated issues
- apply accounting standards and the conceptual framework in the preparation and presentation of financial statements and the capital market
- examine contemporary financial accounting issues
- apply critical thinking, problem solving and presentation skills in dealing with advanced reporting issues and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by ACW3491.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX2900 - Accounting for sustainability
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Nicholas McGuigan
Coordinator(s)
Associate Professor Nicholas McGuigan
Unit guides
Synopsis
Business is facing increased scrutiny with respect to the sustainability implications of its operations. Against this setting, companies are exploring ways in which enhancing sustainability performance creates organisational value. This unit focuses on the ways in which sustainability impacts on the core functions performed by professionals in accounting and business. It considers both external and internal reporting aspects of corporate social and environmental sustainability, and the ways in which such information can be incorporated into decisions made within the entity. The implications of such information for the assurance function are also explored.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate the most common reporting frameworks used by organisations to report the sustainability implications of their operations
- critically evaluate the implications of government policy relating to the reporting of sustainability implications of corporate operations
- evaluate the factors effecting sustainability reporting by diverse organisations
- demonstrate an understanding of Environmental Management Systems and their implications for environmental performance measurement
- evaluate the factors effecting assurance of sustainability reports.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX3150 - Financial analysis and valuation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Sandip Dhole
(First semester)
Mr Brett Lombardi
(Second semester)
Coordinator(s)
Dr Sandip Dhole
(First semester)
Mr Brett Lombardi
(Second semester)
Unit guides
Synopsis
This unit explores a range of techniques used to analyse corporate financial performance and valuation of entities. These include: application and use of financial ratios and forecasting techniques, accounting-based and cash flow-based share valuation, credit analysis and financial distress prediction, equity security analysis, and analysis relating to mergers and takeovers. Both Australian and international case studies are used to provide a real-world context.
Outcomes
The learning objectives associated with this unit are to:
- access and extract financial information from published financial reports and databases
- calculate and interpret relevant financial ratios concerned with the profitability, financial structure and solvency of listed public companies
- apply and critically assess approaches to valuation including discounted cash flow and residual income methods
- apply valuation methods to contexts such as security valuation, mergers and acquisitions and credit analysis
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with financial analysis and valuation.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX3250 - Advanced management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
The unit aims to provide an advanced understanding of how management accounting supports organisational strategy. It extends prior management accounting knowledge, provides overarching frameworks for understanding performance management and covers topics relating to a variety of organisational settings.
Outcomes
The learning goals associated with this unit are to:
- demonstrate how management accounting systems can be designed to support strategy
- apply management accounting techniques to strategic business decisions
- critically assess strategic management accounting concepts and techniques
- analyse and make recommendations regarding the design of strategic management accounting systems
- apply critical thinking, problem solving and communication skills to individual and/or group activities to demonstrate a comprehensive understanding of the topics covered in the unit.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX3500 - International study program in accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must have passed ACF2100 or equivalent or be granted permission by the Chief Examiner to undertake this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/international-experience/field-trips-and-study-tours/accounting-international-study-program). Applications must be submitted via this linklink (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10298).
Prohibitions
Synopsis
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 regulatory 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.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast accounting standard setting in various countries and discuss the convergence of accounting standards through an international study program
- develop a practical understanding and appreciation of culture in the development of national accounting regulations
- evaluate academic and professional papers in international accounting
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with international accounting.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX4000 - Research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701 or B6002.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- explain the major steps in the development of a research project in accounting
- illustrate the key strengths and weaknesses of different accounting research designs and methods
- design and apply qualitative and quantitative data analysis techniques and interpret the output
- apply critical thinking, problem solving and presentation skills in individual and/or group activities.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX4018 - Honours research thesis
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- implement a research proposal
- recognise practical problems of conducting scientific research and propose solutions
- complete a research dissertation
- develop the ability to conduct and manage a planned study
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research dissertation.
Assessment
Within semester assessment: 100%
Workload requirements
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
ACX4040 - Issues in accounting information systems
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701 or B6002.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of key philosophical issues in Accounting Information Systems research, particularly the ontological foundations of the discipline
- articulate solutions to significant research problems using key paradigms in the Accounting Information Systems discipline
- critique research relating to the design and use of accounting and business information systems
- 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.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX4050 - Issues in auditing and assurance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701 or B6002.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- evaluate and contrast research paradigms in auditing and assurance research
- describe and evaluate the range of methods of decision making in auditing
- critically evaluate empirical research and identify major research questions in auditing and assurance including audit quality, internal control, fraud and corporate governance
- 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.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX4070 - Issues in financial accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701 or B6002.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- evaluate and contrast research paradigms and relevant theories in financial accounting research
- evaluate and contrast different research methods used in financial accounting research
- critically evaluate empirical research and develop an ability to identify major research questions in financial accounting research
- 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.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ACX4090 - Issues in management accounting
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701 or B6002.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- discuss research paradigms and relevant theories as they relate to management accounting research
- evaluate and contrast research paradigms and different research methods used in management accounting research
- critically evaluate empirical research and develop an ability to identify major research questions in management accounting research
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with issues in management accounting research.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEH1001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH1002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH1003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH1004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH2001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH2002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH2003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH2004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH3001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Full year 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Peking
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Sri Lanka
- Summer semester B 2019 (On-campus)
Synopsis
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.
BEH3002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Peking
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Sri Lanka
- Summer semester B 2019 (Off-campus Day)
Synopsis
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.
BEH3003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Peking
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH3004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
- Trimester 1 2019 (Off-campus Day)
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Peking
- Trimester A 2019 (Off-campus Day)
- Trimester B 2019 (Off-campus Day)
- Trimester C 2019 (Off-campus Day)
Synopsis
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.
BEH3005 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Offered
Malaysia (Other)
- Summer semester B 2019 (Off-campus Day)
Overseas
- First semester 2019 (Off-campus Day)
- Second semester 2019 (Off-campus Day)
Synopsis
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.
BEH3006 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Synopsis
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.
BEH4001 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Synopsis
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.
BEH4002 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Synopsis
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.
BEH4003 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Synopsis
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.
BEH4004 - Business and economics exchange unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Synopsis
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.
BES3120 - Perspectives on global business issues
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Prerequisites
Students must have completed the six compulsory core units (or equivalent), four 2nd level units and two 3rd level units.
Prohibitions
BEX3120, MGS3650Not offered in 2019.
Synopsis
This is an interdisciplinary capstone unit for the Bachelor of Business Science program. It aims to help students integrate the diverse discipline knowledge and skills they acquired in prior studies and apply their learning to solve business problems. Students will identify innovative solutions to problems in a simulated experiential environment from a total organisation perspective. In the unit students are expected to bring together all the essential elements of running a business including strategic planning, leadership, ethical decision making, teamwork, cause and effect relationships between functional areas (research and development, marketing, production and finance), satisfying customer demands, and competitive analysis in a simulated learning environment. More specifically, students will learn the value of 'focusing' on the strategic implementation process, understand how decisions in one part of the business impacts other parts of the business, practice decision-making as a team across all key areas of a business, use the information from balance sheets, income statements and cash flow statements to improve business decision making, analyse competitors' performance and market positioning and build core competencies within the business to take a differentiation or low cost position in the marketplace.
Outcomes
The learning goals associated with this unit are to:
- integrate prior knowledge gained from the degree to make business decisions
- critically evaluate the interrelationship of various functional areas of business taking into consideration the diversity of possible influences on the areas
- formulate and apply a framework for ethical decision making when dealing with an ethical dilemma in business
- demonstrate appropriate communication, collaboration, cooperation and related skills required to work effectively in team environments.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BES4000 - Research methodology 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus block of classes)
- Second semester 2019 (On-campus block of classes)
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- understand the characteristics and usefulness of qualitative research
- develop a sound research design
- understand various matters associated with the conduct of qualitative research such as gaining access and managing ethical issues
- differentiate between qualitative methods of data collection and determine when each is most appropriate
- analyse qualitative data using a number of different analytical techniques
- develop an understanding of different ways in which qualitative data can be written, as well as practical skills in qualitative writing.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BES4010 - Research methodology 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus block of classes)
- Second semester 2019 (On-campus block of classes)
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- gain comprehensive business-related research skills, including an extensive grounding in a range of quantitative research methodologies
- gain the necessary quantitative skills to undertake independent research
- develop effective report writing and communication skills
- have the ability to comment critically on research publications.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BES4020 - Directed studies 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Offered
- First semester 2019 (On-campus block of classes)
- Second semester 2019 (On-campus block of classes)
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- analyse the literature in order to develop subject matter expertise beyond the specific focus of the Honours project
- synthesise the literature to inform the student's research topic of choice
- critically evaluate academic literature and present in written and/or oral form key arguments related to the research project.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BES4030 - Directed studies 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Not offered in 2019
Synopsis
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 for 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.
Outcomes
The learning goals associated with this unit are:
- to analyse the literature to determine the research methodology appropriate for the chosen research project
- to synthesise the literature to inform the students' research method design and implementation
- 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.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BES4100 - Research project and report
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Synopsis
Students work under the guidance of a supervisor to plan, carry out and report on an original research project that addresses significant issues in business. This research project is likely to have substantial practical outcomes or implications, and it is therefore hoped that students and supervisors will publish the work in an appropriate journal.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 576 hours per semester.
See also Unit timetable information
BEW3100 - Work placement program
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
- Summer semester B 2019 (On-campus)
Prerequisites
Enrolment in this unit is not available via WES. Course director approval is required prior to enrolment and approval will be dependent upon completion of 96 credit points (including appropriate units for the area of work placement) with an overall average of 65% for all units undertaken.
Synopsis
Students will undertake approved projects for an employer, which will contribute to the organisation and facilitate the development of work place skills and application of knowledge to a practical situation.
Outcomes
The learning goals associated with this unit are to:
- apply conceptual and theoretical knowledge to practical work situations
- communicate effectively and appropriately with peers and superiors both verbally and in writing
- work effectively as part of a team
- undertake applied research projects in the areas of accounting, economics, management, marketing, or any area of business.
Assessment
Employer assessment: 30%, Work placement / Project report: 70%.
Workload requirements
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
BEW3110 - Work experience program
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Unit guides
Prerequisites
Students must have completed 96 credit points and have a minimum WAM of 55 or above.
Notes
Work experience unit - minimum 40 working days for work placement.
Synopsis
This unit provides students with the opportunity to integrate theory with practice, and to gain first-hand experience working in an area of specialty in which they want to pursue after graduation. It is aimed at consolidating and extending on specific discipline skills associated with the course through experiential learning.
The work experience program involves completion of a minimum of 40 working days placement integrating academic learning, employability skills and attributes and an improved knowledge of organisations, workplace culture and career pathways.
The placement includes pre and in placement activities designed to introduce skills for developing, identifying and articulating employability skills and attributes and linking them to employer requirements.
On completion of the unit, students will have gained professional experience, and reflected and applied their academic knowledge to work assignments/situations. They will also have enhanced employability skills including communication, interpersonal, analytical and problem-solving, organisational and time-management, and professional development.
Outcomes
The learning goals associated with this unit are to:
- communicate effectively in a professional manner in a workplace and interact with a wide range of people, including working in teams
- produce original and innovative work solutions that demonstrates application of critical thinking, research and problem-solving skills
- identify and articulate knowledge, skills and apply them to relevant organisational project and work settings
- demonstrate leadership skills and initiative.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEW3555 - Integrative business practices
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Dr Buriata Tofinga
(First semester, Second semester)
Unit guides
Synopsis
This is an interdisciplinary capstone unit for the Bachelor of Business and Commerce program. It aims to help students integrate the diverse discipline knowledge they acquired in prior studies, deepen their understanding of topical issues related to regional or global business, and apply their learning to solve real business problems. Students will identify innovative solutions to those problems from a total organisation perspective. In the process, they will learn how to synthesise principles and theories from different business disciplines, and apply a variety of skills including critical inquiry, problem solving, communication and teamwork.
Outcomes
The learning objectives associated with this unit are to:
- critically evaluate real-life business practices and issues by integrating multiple perspectives and approaches, and identify innovative solutions to the associated business problems
- synthesise knowledge from multiple disciplines and identify solutions to a range of business problems
- articulate and present their ideas in a succinct and convincing manner.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEW4000 - Research methodology 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Dr Vimala Kunchamboo
(First semester)
Ms Juliana French
(Second semester)
Coordinator(s)
Dr Vimala Kunchamboo
(First semester)
Ms Juliana French
(Second semester)
Unit guides
Co-requisites
Students must be enrolled in course B3702, B5003 or 4414.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- understand the characteristics and usefulness of qualitative research
- develop a sounds research design
- understand various matters associated with the conduct of qualitative research such as gaining access and managing ethical issues
- differentiate between qualitative methods of data collection and determine when each is most appropriate
- analyse qualitative data using a number of different analytical techniques
- develop an understanding of different ways in which qualitative data can be written, as well as practical skills in qualitative writing.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEW4010 - Research methodology 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- gain comprehensive business-related research skills, including an extensive grounding in a range of quantitative research methodologies
- gain the necessary quantitative skills to undertake independent research
- develop effective report writing and communication skills
- have the ability to comment critically on research publications.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEW4020 - Directed studies 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Co-requisites
Students must be enrolled in course B3702, B5003 or 4414.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- analyse the literature in order to develop subject matter expertise beyond the specific focus of the Honours project
- synthesise the literature to inform the student's research topic of choice
- critically evaluate academic literature and present in written and/or oral form key arguments related to the research project.
Assessment
Assessment will be through a combination of assignments, examinations, and written reports appropriate to the selected area of study and associated activities.
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEW4030 - Directed studies 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Co-requisites
Students must be enrolled in course B3702, B5003 or 4414.
Synopsis
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.
Outcomes
The learning goals associated with this unit are:
- to analyse the literature to determine the research methodology appropriate for the chosen research project
- to synthesise the literature to inform the students' research method design and implementation
- 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.
Assessment
Assignments, examinations and written reports appropriate to the selected area of study and associated activities
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEW4100 - Research project and report
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- identify a business or economics-related issue in the research literature which has either not been adequately researched previously or which requires replication
- critically review relevant academic and business research which relates to the identified issue
- develop a specific research proposal which has a potential contribution to the business, professional and public policy communities
- conduct, analyse, discuss and communicate research outcomes in written and oral form in a professional manner.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload equals 576 hours per semester
See also Unit timetable information
BEX2000 - Digital technology and business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Dr Wade Halvorson
(City)
Unit guides
Offered
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit is a multi-disciplinary unit that aims to build on students' knowledge of business but with a focus on how technology and technological changes are affecting the business environment. The unit provides students the opportunity to demonstrate being critical and creative scholars and responsible and effective global citizens, and gain an understanding of multi-disciplinary decision-making in organisations. Students will have the opportunity to solve a complex technology problem for a business, and understand the management issues associated with new and complicated technologies. Students will develop and demonstrate their career-readiness in this unit.
Outcomes
The learning goals associated with this unit are to:
- understand the digital world in which you live, and the implications of this world for businesses
- understand IT systems, hardware, software and the cloud at a level appropriate for business students and see how digital technology is affecting different business disciplines
- understand how blockchain is affecting payments systems and evaluate the economic implications of a digital world, including AI, AR and VR and their impacts on employment and other economic outcomes
- understand supply chain, management, and ethical issues resulting from our increasingly digital world.
Assessment
Within semester assessment: 80% + Examination: 20%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX2010 - Intermediate macroeconomics
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Qingyuan Du
(First semester)
Dr Siew Ling Yew
(Second semester)
Coordinator(s)
Dr Qingyuan Du
(First semester)
Dr Siew Ling Yew
(Second semester)
Not offered in 2019
Synopsis
This unit develops analytical tools for understanding macroeconomic fundamentals. It provides students with a unified framework that can be used to analyse macroeconomic issues such as employment, productivity, growth, inflation, business cycles, and macroeconomic policies. The unit combines macroeconomic theory with real-world applications.
Outcomes
The learning goals associated with this unit are to:
- understand the basic macroeconomic frameworks
- analyse systematically the forces that determine changes in macroeconomic performance and living standards
- appraise critically the important current macroeconomic issues
- appreciate the nature and relevance of some significant recent developments in macroeconomics
- engage in rigorous economic analysis.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX2410 - Introductory econometrics
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Professor Farshid Vahid-Araghi
(First semester)
Dr Natalia Bailey
(Second semester)
Unit guides
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Outcomes
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX2440 - Mathematics for economics and business
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces mathematical techniques that are invaluable tools for econometrics, economics, finance, and business. Topics covered include matrix algebra, linear simultaneous equations and the LU decomposition, eigenvalues and the Schur decomposition, random vectors; optimisation, including the Lagrange multiplier method, partial differentiation, multiple integration, difference and differential equations. Some emphasis will be given to the use of computer programs for performing matrix calculations.
Outcomes
The learning goals associated with this unit are to:
- provide a practical training in basic mathematics needed for the study of econometrics
- examine the calculus of many variables and its application in econometrics and business statistics
- introduce matrix algebra
- provide a training in the use of mathematical software.
Assessment
Within semester assessment: 40% + Examination: 60%
BEX2500 - Integrative thinking and decision making
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is a multi-disciplinary unit that aims to build on students' knowledge of business but with a focus on how students can use some decision making frameworks to tackle difficult business problems. The unit provides students the opportunity to demonstrate being critical and creative scholars and responsible and effective global citizens, and gain an understanding of multi-disciplinary decision-making in organisations. Students will have the opportunity to solve a difficult business problem facing society and use frameworks from marketing, statistics, economics, accounting and law to solve such a problem. Students will develop and demonstrate their career-readiness in this unit.
Outcomes
The learning goals associated with this unit are to:
- understand a range of problems that face business and society, for example, the problem of how to tackle rising health care costs in Australia given our ageing population
- develop frameworks for understanding multidisciplinary problems that businesses often encounter and devise solutions that build from prior knowledge in economics and statistics.
Assessment
Within semester assessment: 80% + Examination: 20%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX2520 - Probability and statistical inference for economics and business
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
An introduction to probability and statistical inference for use in economics and business. Topics covered include random variables, moments and cumulants generating function, discrete and continuous distributions, independence, jointly distributed random variables, conditional random variables, the central limit theorem, sampling distribution, properties of estimators, confidence intervals, tests of hypotheses.
Outcomes
The learning goals associated with this unit are to:
- understand concepts of probability, statistical inference, generating functions and cumulants
- derive and use generating functions to evaluate moments and establish the distribution of linear combinations of independent random variables
- understand and apply the main methods of estimation and the main properties of estimators
- construct confidence intervals for unknown parameters and test hypotheses
- develop written, presentational and group work skills through a series of assessed essays, assignments and tutorial work.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3000 - Current issues in business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Professor Mark Crosby
(City)
Dr Kelly Benati
(all other teaching periods)
Coordinator(s)
Dr Kelly Benati
(Caulfield)
Ms Jacqueline O'Toole
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
- Summer semester B 2019 (On-campus block of classes)
Prerequisites
Students must have completed 96 credit points.
Co-requisites
Students must be enrolled in course B2000 or associated double degree program.
Synopsis
This unit is the capstone unit for the Bachelor of Business and as such draws together the learning and experiences gained from previous business units. The unit provides students the opportunity to demonstrate being critical and creative scholars and responsible and effective global citizens, and gain an understanding of multi-disciplinary decision-making in organisations. The opportunity is via a complex project-based programme in which cultural and ethical perspectives are also assessed. Students will develop and demonstrate their career-readiness in this unit.
Outcomes
The learning goals associated with this unit are to:
- demonstrate the ability to use reflective thinking with respect to the development of employment skills
- research, synthesise, analyse, evaluate and communicate how innovative multi-disciplinary decision-making occurs in organisations.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3006 - Industry placement
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Associate Professor Colin Jevons
(Trimester B)
Professor Mark Crosby
(Trimester C)
Dr Ross Booth
(all other teaching periods)
Coordinator(s)
Dr Giovanni Di Lieto
(City)
Dr Ross Booth
(all other teaching periods)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
Prerequisites
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3012 - Industry placement
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Associate Professor Colin Jevons
(Trimester B)
Professor Mark Crosby
(Trimester C)
Dr Ross Booth
(all other teaching periods)
Coordinator(s)
Dr Giovanni Di Lieto
(City)
Dr Ross Booth
(all other teaching periods)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
Prerequisites
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
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
BEX3024 - Industry placement
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Professor Mark Crosby
(City)
Dr Ross Booth
(all other teaching periods)
Coordinator(s)
Dr Giovanni Di Lieto
(City)
Dr Ross Booth
(all other teaching periods)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
Prerequisites
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload equals 576 hours per semester
See also Unit timetable information
BEX3106 - Industry placement
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
Prerequisites
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3112 - Industry placement
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
Prerequisites
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
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
BEX3150 - Sustainability practice and organisations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- Summer semester B 2019 (On-campus block of classes)
- Winter semester 2019 (On-campus block of classes)
Prerequisites
Students must have completed 72 credit points.
Co-requisites
Students must be enrolled in course B2000, B2001, B2007 or associated double degree program.
Synopsis
Organisations are increasingly required to take into consideration and effectively manage the environmental, social and ethical (sustainability) impacts of their business. Through the integration of sustainability business practice, organisations are better prepared to manage risk and costs, engage stakeholders, attract and retain personnel, enhance brand value and trust, and create innovative solutions. Opportunities to positively impact an organisation's sustainability journey reside at every level of an organisation and often require multi-disciplinary, collaborative approaches to problem solve and innovate.
This unit provides students with the opportunity to demonstrate a broad knowledge of global sustainable development challenges and understand the role organisations play in contributing to innovation solutions. Students will demonstrate an understanding of organisational drivers and collaboratively apply practical skills and approaches to support organisational change towards sustainability. Students will develop and demonstrate their career-readiness through the application to real world challenges, knowledge and skills such as; undertaking an environmental and social impact assessment on an organisation, communicating the business case for sustainability, stakeholder engagement, researching and identifying sustainability innovations, cross cultural awareness and teamwork.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a broad knowledge of global sustainable development challenges
- acquire practical skills and knowledge for supporting change within an organisation towards sustainable practice
- apply a sustainability impact assessment framework with an organisation and evaluate the findings
- critically reflect on the role of organisations in contributing to sustainable development solutions
- research and identify innovative solutions to sustainable development challenges
- evaluate personal learning and personal development in contributing to the sustainability practice and organisational change process.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3206 - Industry placement
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Prerequisites
Students must be granted permission by the Chief Examiner to undertake this unit.
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3212 - Industry placement
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3300 - Business and design
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Associate Professor Colin Jevons
Unit guides
Prerequisites
Students must have completed 96 credit points.
Synopsis
This unit is a multi-disciplinary unit that aims to build on students' knowledge of business and/or design but with a focus on how students can use decision making frameworks to tackle difficult business and design problems. The unit provides students the opportunity to demonstrate being critical and creative scholars and responsible and effective global citizens, and gain an understanding of multi-disciplinary decision-making in organisations. Students will have the opportunity to address some difficult problems facing society and use frameworks from business and design to solve such a problem. Students will develop and demonstrate their career-readiness in this unit.
Outcomes
The learning goals associated with this unit are to:
- connect design and business learning in a unique confluence of hybrid skills
- develop transferable abilities in leadership, collaboration, communication and negotiation
- develop reflective and responsible design and business practices
- confidently approach complex challenges using design and business tools and mindsets to resolve them
- understand the application of design and business skills across a broad range of global, social, economic and personal challenges
- nurture a creative, informed, speculative and future-focused approach to problem solving.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3350 - Industry project
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Dr Ross Booth
Dr Sophie Lindsay
Dr Ian Walker
Dr Kelly Benati
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to enable students undertaking undergraduate degrees in business and economics to undertake an individual research project in the general area of business.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an ability to apply a broad range of knowledge and understanding of key business theories, concepts, tools and techniques in a practical context
- investigate, describe, consider and evaluate a specific business issue
- develop higher level business conceptualisations and understandings about the topic under investigation
- to report on the outcomes of the project
- to reflect and report on the personal learning derived from the project.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3351 - Industry project
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Dr Ross Booth
Dr Sophie Lindsay
Dr Ian Walker
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Winter semester 2019 (On-campus)
Prerequisites
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Co-requisites
Students must be enrolled in a Faculty of Business and Economics undergraduate program.
Synopsis
This unit is designed to enable students undertaking undergraduate degrees in business and economics to undertake an individual research project in the general area of business.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an ability to apply a broad range of knowledge and understanding of key business theories, concepts, tools and techniques in a practical context
- investigate, describe, consider and evaluate a specific business issue
- develop higher level business conceptualisations and understandings about the topic under investigation
- to report on the outcomes of the project
- to reflect and report on the personal learning derived from the project.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3400 - Principles of econometrics
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Dr David Frazier
(Second semester)
Unit guides
Synopsis
BEX3410 - Applied econometrics
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Outcomes
The learning goals associated with this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable
- conduct statistical inference in statistical models with one or more endogenous explanatory variables
- conduct statistical inference in a system of simultaneous equations
- conduct statistical inference on data that has both a time series and a cross section dimension.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3411 - Entrepreneurship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Professor Mark Crosby
(City)
Professor David Gilbert
(all other teaching periods)
Coordinator(s)
Dr Bruce Johnstone
(Trimester A)
Dr Wade Halvorson
(Trimester B and C)
Professor Mark Crosby
(Summer Semester B)
Ms Caroline Sanz
(First and Second Semester)
Mr Jeremy Crow
(First and Second Semester)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
- Second semester 2019 (On-campus)
Prerequisites
Students must have completed at least 72 credit points in an undergraduate degree or double degree.
Prohibitions
Synopsis
As the world of complex technology expands with innovation requiring global foundations, the need for dynamic entrepreneurs grows. The framework of this unit will provide students with the practical knowledge, skills and tools to utilise entrepreneurship to quickly and efficiently evaluate entrepreneurial ideas to provide solutions for a market opportunity. This unit will empower students to become the business leaders of the future utilising practical and logical approaches to bring together entrepreneurship and innovation within a global context.
Outcomes
The learning goals associated with this unit are to:
- explain the concepts of innovation and entrepreneurship
- demonstrate entrepreneurial creativity
- apply the concepts of intellectual property and venture funding to projects
- conduct basic market research and analyse the results
- create and evaluate a value proposition
- formulate, review and defend a business case
- devise a pitch and demonstrate pitching competency.
Assessment
Within semester assessment: 100%
Workload requirements
Caulfield First Semester Workload Requirements -
This is a blended unit comprising of the following learning activities:
3 Online learning modules (1 hour per session - to be completed in Week 1)
4 Practical workshops (3 hours per session)
3 Full-day boot camps (6 hours per session - please note these are delivered on a Saturday)
Each session will build on previous week's work and on the activities expected of teams in between classes.
The unit places students in 'start-up' style teams, and teams are treated like small businesses. It is expected that teams work outside of these sessions to develop their ideas and work through activities prescribed in between sessions, totaling approximately 10-12 hours per week including sessions outlined above. Independent work requirements for teams may include associated readings, assessment, out of class activities and preparation for scheduled sessions.
City (Melbourne) Trimester A Workload Requirements -
Delivered in 11 active workshops this unit meets the full-semester workload requirements within an 11 week timetable. Students need to begin preparation prior to each workshop. Students who do not come prepared for each workshop will find it very difficult to keep up due to the rapid delivery timeline of the unit.
See also Unit timetable information
BEX3450 - Industry project
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Professor Mark Crosby
(City)
Dr Ian Walker
(all other teaching periods)
Coordinator(s)
Dr Giovanni Di Lieto
(City)
Dr Ross Booth
(all other teaching periods)
Dr Sophie Lindsay
(all other teaching periods)
Dr Ian Walker
(all other teaching periods)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus)
Prerequisites
Students must have completed 96 credit points and achieved a credit average before completing this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to enable students undertaking undergraduate degrees in business and economics to undertake an individual research project in the general area of business.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- develop insight into how they have managed their role and fitted into the organisation
- analyse complex business problems
- prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 288 hours per semester comprising an industry based formal placement. The formal placement may include independent study and associated readings, assessment and preparation for scheduled activities. The unit requires on average six/eight hours of scheduled activities per week.
See also Unit timetable information
BEX3451 - Industry project
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Professor Mark Crosby
(City)
Dr Ian Walker
(all other teaching periods)
Coordinator(s)
Dr Giovanni Di Lieto
(City)
Dr Ross Booth
(all other teaching periods)
Dr Sophie Lindsay
(all other teaching periods)
Dr Ian Walker
(all other teaching periods)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
Prerequisites
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Co-requisites
Students must be enrolled in a Faculty of Business and Economics undergraduate program.
Synopsis
This unit is designed to enable students undertaking undergraduate degrees in business and economics to undertake an individual research project in the general area of business.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- develop insight into how they have managed their role and fitted into the organisation
- analyse complex business problems
- prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 288 hours per semester comprising an industry based formal placement. The formal placement may include independent study and associated readings, assessment and preparation for scheduled activities. The unit requires on average six/eight hours of scheduled activities per week.
See also Unit timetable information
BEX3460 - Financial econometrics
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The specification, estimation and testing of asset pricing models, including the capital asset pricing model and extensions; the statistical characteristics of financial data emphasising skewness, kurtosis and volatility aspects; volatility models such as ARCH models of financial time series, with applications to stock prices, derivatives, and exchange rates including the forecast performance of these models.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3500 - Current issues in commerce
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must have completed 96 credit points.
Co-requisites
Students must be enrolled in course B2001 or associated double degree program.
Synopsis
This unit is the capstone unit for the Bachelor of Commerce and as such draws together the learning and experiences gained from previous Commerce units. The unit provides students the opportunity to demonstrate being critical and creative scholars and responsible and effective global citizens, and to analyse and provide multidisciplinary solutions to a current issue in commerce via a team-based approach.
Outcomes
The learning goals associated with this unit are to:
- develop skills for future employment in a sustainable, socially inclusive economy
- develop the ability to work in a diverse multi-disciplinary team and use research skills and disciplinary knowledge to solve a complex business challenge.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3510 - Modelling in finance and insurance
0 points, SCA Band 2, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Not offered in 2019
Synopsis
BEX3550 - Industry project
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Dr Ross Booth
Dr Sophie Lindsay
Dr Ian Walker
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
Prerequisites
Permission required.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/undergraduate-industry-experience/student-sourced-placements). Applications must be submitted via this linklink (https://www.monash.edu/business/student-experience/career-development/industry-experience/work-integrated-learning/application-and-approval-process).
Synopsis
This unit is designed to provide students with the opportunity to put theory into practice in a business environment.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast theory and practice
- apply theory to practice in a supervised environment
- evaluate personal learning and personal development in a complex business environment
- analyse complex business problems and to prepare and present innovative solutions.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 576 hours per semester typically comprising independent study under industry and academic supervision.
See also Unit timetable information
Off-campus attendance requirements
As agreed with industry and/or academic supervisor.
BEX3555 - Integrative business practices
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
This is an interdisciplinary capstone unit for the Bachelor of Business and Commerce program. It aims to help students integrate the diverse discipline knowledge they acquired in prior studies, deepen their understanding of topical issues related to regional or global business, and apply their learning to solve real business problems. Students will identify innovative solutions to those problems from a total organisation perspective. In the process, they will learn how to synthesise principles and theories from different business disciplines, and apply a variety of skills including critical inquiry, problem solving, communication and teamwork.
Outcomes
The learning objectives associated with this unit are to:
- critically evaluate real-life business practices and issues by integrating multiple perspectives and approaches, and identify innovative solutions to the associated business problems
- synthesise knowledge from multiple disciplines and identify solutions to a range of business problems
- articulate and present their ideas in a succinct and convincing manner.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3600 - Current issues in business administration
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Associate Professor Pieter Van Dijk
Coordinator(s)
Associate Professor Pieter Van Dijk
Unit guides
Prerequisites
Students must have completed 96 credit points.
Co-requisites
Students must be enrolled in course B2007 or associated double degree program.
Synopsis
This unit is a pilot for the capstone unit for the Bachelor of Business Administration and, as such, draws together the learning and experiences gained from previous BBA units. The unit provides students the opportunity to demonstrate being critical and creative scholars and responsible and effective global citizens, and to analyse and provide and communicate multidisciplinary solutions to a current issue in business administration via a team-based approach.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3622 - Issues in global business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Associate Professor Nell Kimberley
Coordinator(s)
Associate Professor Nell Kimberley
Unit guides
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10040).
Synopsis
This unit requires students to examine a broad range of social-cultural, political-legal and macro business environmental issues that can impact enterprises operating in a global environment. Through the use of readings, case studies and an analysis of current events, students are confronted with specific challenges of conducting business in a global context. These challenges may include but are not limited to: environmental sustainability; crime and corruption; cross-cultural relationship; technological innovation; political and economic risk. The unit encourages an awareness and appreciation of the complexity surrounding these issues in the development of strategic business responses.
Outcomes
The learning goals associated with this unit are to:
- define globalisation and the globalisation process, including its causes and effects
- argue both the contributions and criticisms associated with globalisation
- identify and explore major contextual issues encountered in global business, including social-cultural, political-legal contexts, along with business environmental contexts
- analyse the impact of major contextual issues on a variety of product and service industries
- develop strategic responses to specific issues affecting businesses operating in a global context
- demonstrate competence in critical and reflective thinking
- acquire and demonstrate team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3710 - Labour economics
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
This unit introduces various theoretical models of the labour market with a focus on policy-related issues. The unit examines neo-classical explanation of labour supply and demand decisions and addresses how well those theories explain observed patterns in the data. In this unit we shall examine employers' incentives and behaviour that determine the labour demand curve, the interaction between wages, income, and the decision to work, the relationship between wages and undesirable job characteristics, and the incentives for and the effects of educational and training investments and contemporary issues such as labour mobility, discrimination and income inequality.
Outcomes
The learning goals associated with this unit are to:
- understand employers' incentives and behaviour that determine the labour demand curve, implications of minimum wage laws, and effects of technological change on labour demand
- build conceptual frameworks to analyse various aspects of workers' labour supply behaviour such as whether to work for pay as opposed to consuming leisure or working at home without pay, the choice of occupations with different characteristics, workers' decisions to invest in human capital and other investments designed to improve their earning capabilities, and various policy applications that affect workers' choice between work and leisure
- examine contemporary issues such as labour mobility, labour market discrimination and income inequality.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3722 - Engaging with international business - Australia
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Professor Michaela Rankin
(Summer B)
Professor Robert Brooks
(Winter)
Coordinator(s)
Unit guides
Offered
- Winter semester 2019 (Off-campus block of classes)
- Summer semester B 2019 (On-campus block of classes)
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/international-experience/field-trips-and-study-tours).
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- recognise issues affecting businesses operating in a global context
- 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
- acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
- develop reflective practice skills in relation to individual learning.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3723 - Engaging with international business - North America
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10322).
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- recognise issues affecting businesses operating in a global context
- 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
- acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
- develop reflective practice skills in relation to individual learning.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3724 - Engaging with international business - Asia
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/international-experience/field-trips-and-study-tours/engaging-in-international-business). Applications must be submitted via this linklink (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10324).
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- recognise issues affecting businesses operating in a global context
- 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
- acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
- develop reflective practice skills in relation to individual learning.
Assessment
Within semester assessment: 100%
Workload requirements
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
BEX3725 - Engaging with international business - Europe
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- recognise issues affecting businesses operating in a global context
- 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
- acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
- develop reflective practice skills in relation to individual learning.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX3728 - Engaging with international business
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Not offered in 2019
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- recognise issues affecting businesses operating in a global context
- 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
- acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
- develop reflective practice skills in relation to individual learning.
Assessment
Within semester assessment: 100%
Workload requirements
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
BEX3729 - Engaging with international business - Exchange
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Synopsis
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 of the 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.
Outcomes
The learning goals associated with this unit are to:
- recognise issues affecting businesses operating in a global context
- 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
- acquire team skills including team leadership, collaboration, problem-solving, decision-making, communication and presentation skills
- develop reflective practice skills in relation to individual learning.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX4120 - Actuarial practice II
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
Outcomes
The learning goals associated with this unit are to:
- discuss and apply the process of product design
- select an appropriate model to solve client problems
- recognise the importance of capital
- apply relevant approaches and techniques to the valuation of liabilities
- apply appropriate techniques to the pricing of products and contracts
- measure, report and manage solvency
- measure and report emerging profits and/or costs
- monitor and assess experience
- manage the business and respond to the experience.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX4130 - Asset liability management
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
To be advised.
Coordinator(s)
To be advised.
Not offered in 2019
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- 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
- 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
- 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
- define appropriate investment objectives based on the liability profile of a fund
- specify appropriate investment constraints, based on the liability profile of a fund
- identify the characteristics of different types of asset models
- critically evaluate the appropriateness of an asset model for a given context
- 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
- apply asset assumptions, and the linkages contained within asset models, to real world situations
- describe and critically evaluate different approaches to asset allocation.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX4650 - Microeconomics
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Not offered in 2019
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- upgrade students analytical tools for advanced microeconomics
- ensure students obtain in-depth understanding of the key ideas in microeconomic theory
- gain the ability to apply microeconomics to the analysis of a range of economic issues
- prepare students to undertake other fourth-year units and further studies in economics.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX4670 - Economic development
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- understanding the economic, social and behavioural implications of poverty and underdevelopment
- understand the notion and implications of market failure in developing countries and examine possible solutions to addressing such market failure
- understand the implications of gender discrimination and the policy responses to address such biases in developing countries
- understand the political economy of developing countries, including efficient ways of targeting disadvantaged groups in the society.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BEX4690 - International trade
0 points, SCA Band 3, 0.000 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Christis Tombazos
Coordinator(s)
Not offered in 2019
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- be able to analyse the effects of international trade on real income and its distribution in various market structures
- have a sound understanding of the allocation and welfare effects of commercial policies
- possess the skills necessary to evaluate critically contemporary innovations in Australia's trade policies.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFB1001 - Foundations of finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
As a foundation, this unit introduces students to the concepts of finance, financial mathematics, investment analysis, the financial system, risk management and the relationship of finances to other commercial disciplines.
Outcomes
At the end of this unit students will be able to:
- demonstrate an introductory understanding to the concepts of finance in preparation for additional study in the discipline
- describe the foundation concepts of finance
- relate the concepts of finance to other commercial disciplines.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFB2140 - Corporate finance 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
The aim of the unit is to introduce students to the theory and application of why and how value enhancing corporate financial decisions are made and implemented. With the emphasis on publicly listed companies, topics covered include; the corporate objective of management; investment evaluation models; valuation of equity and debt instruments; sources and types of funding; issues in risk and return; portfolio theory; asset pricing models; issues in capital structure and dividend policy; and the efficiency of capital markets. The unit is designed to ensure students gain the necessary skill set for making value-changing financial decisions to maximise firm value.
Outcomes
The learning goals associated with this unit are to:
- evaluate investment options and value of equity and debt instruments
- explain portfolio theory and show how the theory can be extended to price risky assets
- estimate the appropriate cost of capital for investment appraisal purposes
- analyse issues determining capital structure and dividend policy
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate finance and demonstrate in an individual summative assessment task, the acquisition of a comprehensive understanding of the topics covered by BFB2140.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning, online engagement and integrating relevant active learning initiatives.
See also Unit timetable information
BFB3121 - Investments and portfolio management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
On completion of this subject students should be able to demonstrate an understanding of the conceptual foundations of modern portfolio theory, using pricing models and other techniques in the valuation of securities; appreciate the effect of market efficiency on the valuation process; measure portfolio risk and determine performance benchmarks; and be able to take an applied perspective on investment management and analysis in the Australian environment.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate financial market information to measure risk and return
- describe modern portfolio theory
- apply asset pricing models and valuation techniques to the valuation of assets
- apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with investments and portfolio management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFB3121.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC2140 - Corporate finance 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Dr Emma Zhang
(First semester)
Dr Thanh Huynh
(Second semester)
Coordinator(s)
Dr Emma Zhang
(First semester)
Dr Thanh Huynh
(Second semester)
Unit guides
Synopsis
The aim of the unit is to introduce students to the theory and application of why and how value enhancing corporate financial decisions are made and implemented. With the emphasis on publicly listed companies, topics covered include; the corporate objective of management, investment evaluation models, valuation of equity and debt instruments, sources and types of funding, issues in risk and return, portfolio theory, asset pricing models, issues in capital structure and dividend policy and the efficiency of capital markets. The unit is designed to ensure students with the necessary skill set for making value-changing financial decisions to maximise firm value.
Outcomes
The learning goals associated with this unit are to:
- evaluate investment options and value of equity and debt instruments
- explain portfolio theory and show how the theory can be extended to price risky assets
- estimate the appropriate cost of capital for investment appraisal purposes
- analyse issues determining capital structure and dividend policy
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC2140.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC2340 - Debt markets and fixed income securities
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics covered in this unit include an overview of debt markets, bond pricing, factors affecting bond prices and yields including bond price volatility and the term structure of interest rates, different types of debt instruments including government, corporate and international bonds, credit risk modelling, bond portfolio construction and management, and finally, bond performance measurement and evaluation.
Outcomes
The learning goals associated with this unit are to:
- describe conventions used in debt markets and explain the implications for pricing of products in these markets
- apply quantitative skills required for pricing and risk management associated with debt market instruments
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with debt markets and fixed income securities and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC2340.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC2751 - Derivatives 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Dr Zhe Andrew An
(First semester)
Dr Li Ge
(Second semester)
Coordinator(s)
Dr Zhe Andrew An
(First semester)
Dr Li Ge
(Second semester)
Unit guides
Synopsis
This unit examines the institutional features of futures and options markets, the use of futures, options and other derivatives in arbitraging, trading and hedging, and prices of these instruments.
Outcomes
The learning goals associated with this unit are to:
- discuss the operations of derivatives markets
- evaluate the options and futures markets for hedging and trading purposes
- demonstrate how to price and value standards futures and options contracts and other derivatives
- implement trading strategies and measure positions.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC3140 - Corporate finance 2
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
This unit extends corporate finance concepts introduced in BFC2140. Topics include equity financing, cost of capital, leasing, risk management, real options, capital structure, mergers and acquisitions, corporate governance and international corporate finance.
Outcomes
The learning goals associated with this unit are to:
- evaluate investment and financing decisions
- apply analytical techniques to a variety of problems in domestic corporate financial management
- describe the institutional environment in which financial decisions are made including identifying the sources of financial risk and their relevance in financial management
- critically evaluate finance theories, concepts, assumptions, limitations and arguments
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC3140.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC3170 - Management of financial intermediaries
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Associate Professor Hassan Naqvi
Unit guides
Synopsis
Major issues involved in the financial management of banks and other deposit-taking financial institutions. Topics include performance measurement; asset/liability management for liquidity risk, credit risk, interest rate risk; and regulation of depository institutions.
Outcomes
The learning goals associated with this unit are to:
- outline the major risks and related prudential requirements faced by banks and to assess factors to consider in managing these risks
- evaluate the various mathematical techniques available to manage interest rate risk including the maturity model, the duration model and the repricing model
- evaluate mathematical models in relation to managing credit risk for individual loans and to the loan portfolio
- identify suitable qualitative and quantitative indicators of financial institutions' performance
- distinguish the various sources of commercial and retail debt funding including liability management, and analyse how the current Australian banking system provides access to such funds
- sequence the Basel framework as used in Australia, but emanating from the Basel Committee at the global level
- be able to clearly and effectively communicate solutions, applying the knowledge in above areas, in a distinctly logical manner in relation to activities dealing with the management of financial institutions and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC3170.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC3240 - International finance
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics covered in this unit include the international financial system and the various types of exchange rate systems that exist around the world. Also included is the theory of the determination of exchange rates, as well as an analysis of the extent to which these theories hold in practice. A major topic area is the measurement and management of firms' foreign exchange rate risk, including theory relating to the importance of hedging against exchange risks, and the complexities involved in assessing and managing exchange rate risks in a globally connected world. In discussing the management of foreign currency transactions, the use of hedging tools such as currency futures, options and swaps is covered. The final topic is international portfolio management.
Outcomes
The learning goals associated with this unit are:
- analyse and evaluate the benefits and disadvantages of the various exchange rate systems
- critically appraise the extent to which the theories of exchange rate determination explain exchange rate movements in today's globalised economy
- explain the various tools and approaches for firms in hedging transaction exchange exposure, and recommend the most appropriate approach to hedging in a variety of economic and firm-specific circumstances
- analyse the extent to which firms are exposed to economic or operating exchange risk, evaluate their systems in place to manage it, and recommend alternative approaches
- appraise the benefits of international portfolio investment vis-a-vis domestic-only diversification
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC3240.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC3241 - Equities and investment analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
BFC2140 or equivalent.
Synopsis
Topics include asset classes and returns, portfolio theory, asset pricing models, security valuation processes and techniques, market efficiency and behavioural finance, portfolio performance evaluations, hedge funds and the CFA Institute code of ethics and standards of professional conduct.
Outcomes
The learning goals associated with this unit are to:
- examine the nature of different asset classes and the ways in which professional managers incorporate and manage asset classes
- apply various techniques to analyse and select equities in equity investment
- understand the skills and techniques used by professionals who are involved in funds management, and wealth creation
- understand the importance of professional investment in wealth creation
- understand the importance of ethical practices by investment professionals and the CFA Institute code of ethics and standards of professional conduct
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with equities and investment analysis and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC3241.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC3340 - Derivatives 2
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides a more technical treatment of derivative analysis with focus on implementation issues. Topics include stochastic calculus concepts that underpin continuous time option pricing models, alternatives to the Black-Scholes-Merton model, numerical approaches to option pricing, valuation of interest rate derivatives, exotic options, credit derivatives, Value-at-Risk and estimation of volatilities.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of Wiener processes and Ito's Lemma as the basic building blocks for continuous time option pricing models. Derive the Black-Scholes-Merton differential equations
- apply models of option pricing beyond the Black-Scholes-Merton model
- apply numerical procedures to price options especially exotic options
- analyse interest rate derivatives and apply term structure models
- implement pricing models using technical programing languages.
- demonstrate how risk can be quantified using different approaches
- analyse and value swaps, credit default swaps and other derivatives and demonstrate how they can be used for risk management and speculation
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with derivative instruments and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC3340.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC3440 - Pension and financial planning
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics covered include superannuation economics and demographics, industry structure and regulation, products available from fund managers, life offices and superannuation trusts, actuarial mathematics, the mortality table, factors affecting selection, endowments, assurances, single, joint and longest life annuities, application to comparative evaluation of commercial retirement products, financial planners and the financial planning function, accreditation, responsibilities and duties, determination of client objectives and risk profiles, and strategies for superannuation and social security.
Outcomes
The learning goals associated with this unit are to:
- describe financial planning activities, and legal compliance requirements for financial planners
- demonstrate specialist skills required for interaction with financial planning clients
- demonstrate generic knowledge of the Australian and global investment environments, together with specialist knowledge in the areas of superannuation, financial planning, securities and managed investments
- prepare financial plans for clients with different financial objectives
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with pension and financial planning and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC3440.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFC3540 - Modelling in finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Associate Professor Paul Lajbcygier
Unit guides
Synopsis
Topics include the development and application of financial spreadsheets, Excel and Visual Basic programming in financial modelling, modelling company financial statements, fixed income securities analysis, asset allocation and portfolio analysis, optimization using Solver, technical analysis of financial markets, Interest rate models, option pricing models, numerical methods and risk management models.
Outcomes
The learning goals associated with this unit are to:
- apply knowledge and skills in the use of Excel and Visual Basic
- develop skills in the design and implementation of efficient and robust financial models such as option pricing, portfolio and interest rate models
- 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 task the acquisition of a comprehensive understanding of the topics covered in BFC3540.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF1001 - Foundations of finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Dr Tze Choo
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Tze Choo
(Caulfield)
Mr Steven Burch
(Trimester A and B)
Dr Nafisa Ovi
(Trimester C)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
Synopsis
As a foundation, this unit introduces students to the concepts of finance, financial mathematics, investment analysis, the financial system, risk management and the relationship of finances to other commercial disciplines.
Outcomes
At the end of this unit students will be able to:
- demonstrate an introductory understanding to the concepts of finance in preparation for additional study in the discipline
- describe the foundation concepts of finance
- relate the concepts of finance to other commercial disciplines.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF2140 - Corporate finance 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Dr Joshua Shemesh
(First Semester)
Dr Barbara Chambers
(Second Semester)
Dr Thanh Huynh
(Summer Semester B)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Joshua Shemesh
(First Semester)
Dr Barbara Chambers
(Second Semester)
Dr Thanh Huynh
(Summer Semester B)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
- Trimester C 2019 (On-campus)
Synopsis
The aim of this unit is to introduce students to the theory and application of why and how value enhancing corporate financial decisions are made and implemented. With the emphasis on publicly listed companies, topics covered include; the corporate objective of management; investment evaluation models; valuation of equity and debt instruments; sources and types of funding; issues in risk and return; portfolio theory; asset pricing models; issues in capital structure and dividend policy; and the efficiency of capital markets. The unit is designed to ensure students gain the necessary skill set for making value-changing financial decisions to maximise firm value.
Outcomes
The learning goals associated with this unit are to:
- evaluate investment options and value of equity and debt instruments
- explain portfolio theory and show how the theory can be extended to price risky assets
- estimate the appropriate cost of capital for investment appraisal purposes
- analyse issues determining capital structure and dividend policy
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate finance, and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF2140.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF2341 - International financial management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Dr Abey Gunasekarage
(Summer Semester B)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Abey Gunasekarage
(Summer Semester B)
Dr Nafisa Ovi
(Trimester B and C)
Unit guides
Offered
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
Synopsis
Topics covered include multinational firms and globalisation; foreign direct investment; political risk; foreign exchange markets; currency derivatives (currency options and forward contracts); measuring and managing transaction exposure; cost of capital and capital structure for multinational firms; fundamentals of capital budgeting; international capital budgeting and exchange rate effects; international cash management; transfer pricing and international tax strategies.
Outcomes
The learning goals associated with this unit are to:
- discuss the international financial environment and the importance of foreign exchange risk management
- discuss important financial management issues and their application to financial management of multinational firms
- discuss foreign exchange market mechanisms and explain how markets can be used to hedge foreign currency transaction exposure
- apply capital budgeting techniques in the context of a multinational firm
- apply critical thinking, problem solving and presentation skills to individual activities dealing with international financial management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF2341.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF2401 - Commercial banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit examines the major risks and issues faced by Australian financial institutions within the context of the global environment. Topics include an introduction to the Australian banking environment, bank performance, management of bank risks including credit, capital, liquidity and interest rate risk, loan pricing, liability management, investment management and capital adequacy.
Outcomes
The learning goals associated with this unit are to:
- examine the main risks and related prudential requirements faced by banks and to assess factors to consider in managing these risks
- appraise suitable qualitative and quantitative data or characteristics to assess bank performance
- understand asset and liability management of a financial institution
- understand non-market related and derivative contracts used by financial institutions
- be able to sequence the Basel prudential framework as instigated within the Australian context, but emanating from the Basel Committee at the global level
- be able to clearly and effectively communicate solutions, applying the knowledge in above areas, in a distinctly logical manner in relation to activities dealing with the commercial banking and finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF2401.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF2701 - Equity markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
An overview of the role of equity markets. Topics cover types of equity instruments; the role of broker and market maker; trading conventions and listing requirements of the ASX; the structure and operation of major overseas stock exchanges; an introduction to market micro structure theory; the enterprise market; other markets of the ASX; current issues related to Australia's equity markets.
Outcomes
The learning goals associated with this unit are to:
- explain the importance of the equity market for the economy and for a corporation
- apply different techniques to evaluate trading costs
- appraise equity trading principles and strategies
- undertake a trading simulation exercise and complete a stock report
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with equity markets and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF2701.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF3121 - Investments and portfolio management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
On completion of this unit students should be able to demonstrate an understanding of the conceptual foundations of modern portfolio theory, using pricing models and other techniques in the valuation of securities; appreciate the effect of market efficiency on the valuation process; measure portfolio risk and determine performance benchmarks; and be able to take an applied perspective on investment management and analysis.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate financial market information to measure risk and return
- describe modern portfolio theory
- apply asset pricing models and valuation techniques to the valuation of assets
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investments and portfolio management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF3121.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF3301 - Treasury and financial markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
BFF2401 or equivalent.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- formulate portfolio management decisions
- compare and contrast differences between various market structures
- acquire an in-depth understanding of economic concepts such as market efficiency, performance evaluation and market structure regulation
- plan, verify and settle transactions completed in STARLab
- develop, implement, analyse and manage strategies in financial markets
- plan, organise and report on all activities involved in STARLab
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with treasury and financial markets.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF3331 - International banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Professor Michael Skully
(First semester)
Dr Kym Brown
(Second semester)
Coordinator(s)
Professor Michael Skully
(First semester)
Dr Kym Brown
(Second semester)
Unit guides
Synopsis
Topics include the growth and structure of international banking, the international monetary system, foreign exchange rates and markets, country risk, the Euro and Eurocurrency debt markets, international equities markets and funds management, international trade and trade finance, and future trends, regulation and technology in international banking.
Outcomes
The learning objectives associated with this unit are:
- understand the structure and operations of international banking
- appreciate the development and operations of the international monetary system
- determine foreign exchange rates and their markets
- evaluate country risk
- demonstrate an awareness of the complex nature of the Euro and Eurocurrency markets
- analyse the growth of the international equities and fund management
- consider international trade finance alternatives
- research, evaluate and report on a current international banking issue
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with international finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF3331.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF3351 - Investment banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Prerequisites
BFF2140 or equivalent.
Synopsis
This unit will examine the development of investment/merchant banking in Australia and overseas; specialised financial services in project finance, structured finance and infrastructure finance; venture capital; initial public offering activities; financial advisory work including mergers and acquisitions; investment funds management activities; privatisation and corporatisation; and future directions of investment banking.
Outcomes
The learning goals associated with this unit are to:
- describe the key operations of investment banks
- apply valuation models to companies
- explain regulations related to equity issues, mergers and acquisitions and share buybacks
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investment banking.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF3651 - Treasury management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The role of treasury, coordination and management of the treasury operation, quantitative and qualitative risk analysis, risk management process and hedging techniques, role and mechanics of derivative products, performance measurement and evaluation.
Outcomes
The learning goals associated with this unit are to:
- explain the role of treasury operations in an international or a local bank
- describe how risk management processes work
- demonstrate the application of hedging techniques used in banks' treasury operations
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with treasury management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF3651.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF3751 - Derivatives 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
This unit examines the institutional features of futures and options markets, the use of futures, options and other derivatives in arbitraging, trading and hedging, and pricing of these instruments.
Outcomes
The learning goals associated with this unit are to:
- discuss the operations of derivatives markets
- evaluate the options and futures markets for hedging and trading purposes
- demonstrate how to price and value standards futures and options contracts and other derivatives
- implement trading strategies and measure positions.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFF3841 - Credit analysis and lending management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Lending environment; decision making and organisation of lending, lending policies and controls; behavioural aspects of decision making and decision makers; retail, commercial and corporate lending; business expansions; off balance sheet lending; loan management and problem loans.
Outcomes
The learning goals associated with this unit are to:
- examine the major types of lending products and match these products to customer needs
- analyse the risk return characteristics and pricing of a loan application
- discuss the behavioural aspects associated with lending decisions
- apply statistical techniques used in decision making at the approval, monitoring and termination stages of lending
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with lending decisions and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFF3841.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFS2780 - Corporate finance A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
ACS1000 or equivalent.
Synopsis
This unit introduces the principles of financial management, strategy and risk management. The unit addresses the following fundamental areas: Development, evaluation and management of strategy, risk management, introduction to corporate finance and financial management; an introduction to working with financial statements; the principles of time value of money and valuation of future cash flows; interest rates and bond valuations, share valuations, net present value and investment criteria; an introduction to capital budgeting principles and its relationship with the future cash flow valuation.
Outcomes
The learning objectives associated with this unit are to:
- explain the purpose of financial management and corporate finance
- apply analysis techniques to financial information and interpret the results
- explain and apply the principles of time value of money to rank investment projects and value stocks and bonds
- explain and apply, at an introductory level, valuation techniques relating to equity instruments
- explain and apply techniques in capital investment decisions
- identify aspects broader than only financial aspects (such as environmental, social, economic and governance) in decision making
- apply critical thinking, problem solving and presentation skills to activities dealing with corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFS2780.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFS3790 - Corporate finance B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
BFS2780 or equivalent.
Synopsis
This unit builds upon the understanding, knowledge and skills developed in AFS2780/BFS2780 (Corporate finance A). The unit provides a detailed examination of selected topics in corporate finance. These topics include: capital market history, risk and return, cost of capital, raising capital, financial leverage and capital structure, dividend policy, short-term finance and planning, current asset management, advanced capital budgeting, mergers, leasing, analysis and interpretation and valuations.
Outcomes
The learning objectives associated with this unit are to:
- explain and apply the key concepts that are relevant for each topic and interpret results
- apply complex quantitative techniques to practical examples and case studies in corporate finance and give advice
- demonstrate an understanding of how these topics relate to contemporary corporate activity
- identify and evaluate aspects broader than only financial aspects (such as environmental, social, economic and governance) in decision making
- apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in BFS3790.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW1001 - Foundations of finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
As a foundation, this unit introduces students to the concepts of finance, financial mathematics, investment analysis, the financial system, risk management and the relationship of finances to other commercial disciplines.
Outcomes
At the end of this unit students will be able to:
- demonstrate an introductory understanding to the concepts of finance in preparation for additional study in the discipline
- describe the foundation concepts of finance
- relate the concepts of finance to other commercial disciplines.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW1310 - Introduction to Islamic banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
Topics covered include: Shariah and rationale for Islamic banking; history of Islamic banking; deposit, financing and other banking facilities; Islamic financial markets; Islamic finance in selected countries; and contemporary issues.
Outcomes
The learning goals associated with this unit are to:
- describe the need, structure and operations of Islamic banking and finance
- explain the concept of Shariah, its sources and applicability to Islamic banking and finance
- identify the types of Islamic banking facilities
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with Islamic banking and finance
- demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFW1310.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW2140 - Corporate finance 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Associate Professor Jothee Sinnakkannu
(First semester)
Dr Tran Vuong Thao
(Second semester)
Coordinator(s)
Associate Professor Jothee Sinnakkannu
(First semester)
Dr Tran Vuong Thao
(Second semester)
Unit guides
Synopsis
The aim of the unit is to introduce students to the theory and application of why and how value enhancing corporate financial decisions are made and implemented. With the emphasis on publicly listed companies, topics covered include; the corporate objective of management; investment evaluation models; valuation of equity and debt instruments; sources and types of funding; issues in risk and return; portfolio theory; asset pricing models; issues in capital structure and dividend policy; and the efficiency of capital markets. The unit is designed to ensure students gain the necessary skill set for making value-changing financial decisions to maximise firm value.
Outcomes
The learning goals associated with this unit are to:
- evaluate investment options and value of equity and debt instruments
- apply portfolio theory and show how the theory can be extended to price risky assets
- critically justify the appropriate cost of capital for investment appraisal purposes
- analyse issues determining capital structure and dividend policy
- apply critical thinking and problem solving to individual and/or group activities dealing with corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFW2140.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW2341 - International financial management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics covered include multinational firms and globalisation; foreign direct investment; political risk; foreign exchange markets; currency derivatives (currency options and forward contracts); measuring and managing transaction exposure; cost of capital and capital structure for multinational firms; fundamentals of capital budgeting; international capital budgeting and exchange rate effects; international cash management; transfer pricing and international tax strategies.
Outcomes
The learning goals associated with this unit are to:
- discuss the international financial environment and the importance of foreign exchange risk management
- discuss important financial management issues and their application to financial management of multinational firms
- discuss foreign exchange market mechanisms and explain how markets can be used to hedge foreign currency transaction exposure
- apply capital budgeting techniques in the context of a multinational firm
- apply critical thinking, problem solving and presentation skills to individual activities dealing with international financial management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFW2341.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW2401 - Commercial banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit examines the major risks and issues faced by financial institutions within the context of the global environment. Topics include an introduction to the banking environment, bank performance, management of bank risks including credit, capital, liquidity and interest rate risk, loan pricing, liability management, investment management and capital adequacy.
Outcomes
The learning goals associated with this unit are to:
- examine the main risks and related prudential requirements faced by banks and to assess factors to consider in managing these risks
- appraise suitable qualitative and quantitative data or characteristics to assess bank performance
- understand asset and liability management of a financial institution
- contrast various security portfolio strategies available to the bank, and explain optimal strategies when interest rates change
- understand non-market related and derivative contracts used by financial institutions
- be able to sequence the Basel prudential framework as instigated within the Australian context, but emanating from the Basel Committee at the global level
- be able to clearly and effectively communicate solutions, applying the knowledge in above areas, in a distinctly logical manner in relation to activities dealing with the commercial banking and finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFW2401.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW2751 - Derivatives 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Associate Professor Jothee Sinnakkannu
Coordinator(s)
Associate Professor Jothee Sinnakkannu
Unit guides
Synopsis
This unit examines the institutional features of futures and options markets, the use of futures, options and other derivatives in arbitraging, trading and hedging, and prices of these instruments.
Outcomes
The learning goals associated with this unit are to:
- discuss the operations of derivatives markets
- evaluate the options and futures markets for hedging and trading purposes
- demonstrate how to price and value standards futures and options contracts and other derivatives
- implement trading strategies and measure positions.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW3121 - Investments and portfolio management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
On completion of this subject students should be able to demonstrate an understanding of the conceptual foundations of modern portfolio theory, using pricing models and other techniques in the valuation of securities; appreciate the effect of market efficiency on the valuation process; measure portfolio risk and determine performance benchmarks; and be able to take an applied perspective on investment management and analysis in the Australian environment.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate financial market information to measure risk and return
- describe modern portfolio theory
- apply asset pricing models and valuation techniques to the valuation of assets
- apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with investments and portfolio management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFW3121.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW3331 - International banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Synopsis
The international monetary system, debt and country risk, the foreign exchange market, international financing strategies and techniques, the Euro-markets, and multinational banking.
Outcomes
The learning goals associated with this unit are to:
- explain the parity principles and the concept of arbitrage in international financial markets
- explain how currency derivative contracts such as forwards, futures, options and swaps can be used to hedge in the foreign exchange markets
- apply critical thinking, problem solving and presentation banking and finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFW3331.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW3540 - Modelling in finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must have passed BFW2751 or equivalent or be granted permission by the Chief Examiner to undertake this unit.
Synopsis
Topics include the development and application of financial spreadsheets, Excel and Visual Basic programming in financial modelling, modelling company financial statements, fixed income securities analysis, asset allocation and portfolio analysis, optimization using Solver, Interest rate models, option pricing models, numerical methods and risk management models.
Outcomes
The learning goals associated with this unit are:
- apply knowledge and skills in the use of Excel and Visual Basic
- develop skills in the design and implementation of efficient and robust financial models such as option pricing, portfolio and interest rate models
- 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 task the acquisition of a comprehensive understanding of the topics covered in BFW3540.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW3651 - Treasury management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
Treasury functions; risk assessment evaluation; strategy formulation and implementation; liquidity and cash management; audit and control.
Outcomes
The learning goals associated with this unit are to:
- explain the role of treasury operations in an international or a local bank
- describe how risk management processes work
- demonstrate the application of hedging techniques used in banks'' treasury operations
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with treasury management and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFW3651.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW3652 - Corporate treasury and credit management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit explores the roles, responsibilities and organisation of the treasury and credit control functions in non-financial firms, best practices and approaches to managing such functions, the performance measurement thereof, and the finance principles applying to corporate treasury and credit management.
Areas covered include the theory and practice of financial risk management, cash and liquidity management for non-financial institutions, capital markets and funding, formulation of credit extension policy, credit evaluation, monitoring and control, debt collections, behavioural finance aspects of combating late payment of receivables, debts recovery, and using internet technology and tapping into the capital markets, credit rating agencies and other market intelligence, to make informed cash and credit management decisions in today's borderless, fast-paced and challenging business environment.
Outcomes
The learning goals associated with this unit are to:
- define and describe the scope of corporate treasury and credit management and how effective cash and credit management can support and add-value to the corporation
- understand the roles and responsibilities of the corporate treasurer and the credit controller and identify approaches to managing a corporate treasury and credit control department within the organisation and within the department itself
- apply financial knowledge and skills to identify and implement appropriate strategies to manage key corporate treasury and credit risks
- develop financial and behavioural skills in the implementation and application of efficient cash and cash flow management, credit control strategies to optimise the cash flow of the businesses
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate treasury and credit management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in BFW3652.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW3841 - Credit analysis and lending management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
Lending environment; decision making and organisation of lending, lending policies and controls; behavioural aspects of decision making and decision-makers; retail, commercial and corporate lending; business expansions; off balance sheet lending; loan management and problem loans.
Outcomes
The learning goals associated with this unit are to:
- apply appropriate analysis techniques to particular loan facilities
- analyse the risk return characteristics (and pricing) of a loan application
- examine the major types of lending products and gain the ability to match these products to customer needs
- investigate the behavioural aspects of decision making and decision makers
- describe statistical techniques used in decision making at the approval, monitoring and termination stages of lending
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with lending decisions and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFW3841.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFW3851 - Behavioural finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Not offered in 2019
Prerequisites
BFC2140, BFW2631, BFC2000 or BFW1300
Synopsis
Historically, investment and finance decisions have been made with the assumption that financial markets are informationally efficient. This unit will explore the notion that market efficiency assumptions are idealistic by bringing in the concepts of psychology, sociology, and behavioural economics and how the investor mind works in a broader societal setting. This will allow for better understanding of the investor's mind, resulting in intelligent investment practices. This unit is interdisciplinary, encompassing areas such as financial economics and cognitive sciences with both experimental and theoretical components.
Outcomes
The learning goals associated with this unit are to:
- apply the conventional assumptions learned from mainstream finance theories and demonstrate the extent to which these assumptions do not hold when examined in a behavioural context
- understand how cognitive biases can predictably and consistently affect investment decision and how they can contradict the notion of investor rationality
- understanding how these behavioural biases will help develop more effective financial decision making for different market participants
- critically evaluate the linkage between the theoretical and empirical evidence related to behavioural finance
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with behavioural finance and demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in BFW3851.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX3355 - Property investment
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Synopsis
This unit considers characteristics of property investment, valuation of real estate assets, real estate market analysis, the role of equilibrium asset pricing models, real estate and portfolio theory, measurement of risk and return, indices and pricing models, the effect of leverage and taxation, real estate in mixed asset portfolios, listed and unlisted property trusts, property management and development projects.
Outcomes
The learning goals associated with this unit are to:
- analyse investments in asset classes with particular emphasis on property
- critically examine the different types of property, characteristics of property markets, the role of professional investors and managers and the nature of investment vehicles employed
- explain property cycles and the role of property in investment portfolios
- evaluate property based on risk of cash flows
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with property investment and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFX3355.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX3871 - International study program in banking and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Prerequisites
BFC2140 or equivalent.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/student-experience/international-experience/field-trips-and-study-tours/banking-and-finance-international-study-program). Applications must be submitted via this linklink (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10299).
Synopsis
The unit is designed to provide students with the conceptual foundations of the functions and institutions of the international financial system. 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 financial techniques used by international banks and multinational organisations. To develop a practical understanding and appreciation of cultural differences within the area of international banking and finance through an overseas visitation program.
Outcomes
The learning goals associated with this unit are to:
- compare and contrast the structure of banking and financial markets internationally through an international study program
- explain parity theories and their application to foreign exchange markets
- develop a practical understanding and appreciation of culture in the development of national banking and finance activities
- evaluate academic and professional papers in international banking and finance
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with international banking and finance.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX3999 - Finance and society
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Mr Simon Yap
(First Semester)
Dr Abu Zafar Shahriar
(Second Semester)
Unit guides
Synopsis
This unit is intended to contextualise students' acquired knowledge for solving problems in real world domestic and global situations. As a capstone unit, it should be studied in the final semester of the finance major as it draws upon and integrates learning from previous units studied. The unit encourages students to recognise that finance is a powerful tool for solving our common problems, and increasing the general wellbeing, but may give rise to ethical dilemmas. Students will be exposed to choices and conflicts requiring judgement and thus appreciate that finance can play an important role in helping society achieve its goals.
Outcomes
The learning goals associated with this unit are to:
- evaluate the role of finance in shaping society
- hypothesise concepts surrounding finance and apply these to a variety of domestic and international situations
- develop capabilities to work effectively in a group
- demonstrate effective individual research skills to produce professional quality business documents relating to finance and society
- evaluate and weigh evidence, arguments and ethics.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX4000 - Research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- prepare a research proposal in finance
- prepare a literature review that demonstrates knowledge of essential literature
- develop research questions and testable hypotheses
- devise empirical methodologies appropriate for testing the research hypotheses
- develop technical and computing skills that facilitate research
- 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.
Assessment
Within semester assessment: 75% + Examination: 25%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX4018 - Honours research thesis
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Associate Professor Huu Nhan Duong
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- implement a research proposal
- recognise practical problems of conducting scientific research and propose solutions
- complete a research dissertation
- develop the ability to conduct and manage a planned study
- apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with a research dissertation.
Assessment
Within semester assessment: 100%
Workload requirements
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
BFX4030 - Advanced modelling in finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in course 0181, 0171 or 4416 to undertake this unit.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- apply advanced knowledge and skills in the use of Excel and Visual Basic
- develop advanced skills in the design and implementation of efficient and robust financial models such as option pricing, portfolio and interest rate models
- 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.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX4060 - Issues in corporate finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in course 0181, 0171 or 4416 to undertake this unit.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- acquire knowledge of empirical findings in corporate finance
- 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
- critically evaluate underlying theories, concepts, assumptions, limitations and arguments in corporate financial theory
- develop analytical skills via understanding the intuition and logic behind recent academic research and the possible extension to the recent research
- demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFX4060.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX4080 - Issues in banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Not offered in 2019
Prerequisites
Students must be enrolled in course 0181, 0171 or 4416 to undertake this unit.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- discuss existing theory in the field of banking and its evolution
- critically assess the usefulness and limitations of this theory in the field of banking
- apply this theory to relevant current policy issues
- critically evaluate empirical research and identify major research questions in banking
- 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.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BFX4120 - Issues in investments
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Banking and Finance
Chief examiner(s)
Associate Professor Philip Gharghori
Unit guides
Prerequisites
Students must be enrolled in Bachelor of Commerce (Honours) to undertake this unit.
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- critically analyse research papers examining current issues in asset pricing and investments
- critically evaluate research methodologies applicable to empirical finance research
- demonstrate an ability to conduct research in asset pricing and investments
- 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.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BSA3004 - Innovation and entrepreneurship in Silicon Valley
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Prerequisites
Students must have completed at least 72 Monash credit points of study prior to enrolling in this unit.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10093).
Synopsis
This short-term intensive unit is designed and taught by faculty and industry leaders at the University of California, Berkeley Haas School of Business. Taking both a theoretical and practical approach to innovation and entrepreneurship, the unit explores a variety of topics related to start-ups, including market research, forming teams, the lean start-up approach, start-up culture, pitching, and venture finance.
Outcomes
The learning goals associated with this unit are to:
- demonstrate knowledge, skills and the mind-set to develop a start-up
- apply theories of innovation and entrepreneurship to evaluate success of start-ups through case studies and site visits
- critically analyse success and failure of entrepreneurial activities.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload for this unit is 144 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.
See also Unit timetable information
BTB1010 - Commercial law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Liability for defective products; liability for misleading advice or information; contract law; agency law; partnership law; introduction to company law; company officers' duties.
Outcomes
The learning goals associated with this unit are to:
- examine common commercial law scenarios relating to: the supply of defective goods and services; contract disputes; misrepresentations; agency relationships; partnership law; and company law
- identify legal problems and risks which arise in those scenarios
- describe the laws relevant to those scenarios
- analyse and apply the laws to predict possible legal outcomes.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTB2220 - Corporations law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics include the Corporations Act scheme; the role and functions of the Australian Securities and Investments Commission; the concept of limited liability; the effect of registration; the corporate constitution; the company's relationship with outsiders; share and loan capital; regulation of public fund raising; duties of directors, officers and promoters; rights of members and minority shareholder protection; forms of corporate insolvency administrations, particularly as they affect creditors, officers and shareholders.
Outcomes
The learning goals associated with this unit are to:
- identify the important elements in the internal and external regulation of companies and how they may be used
- explain the nature of trusts, the way they operate, and the rights and obligations of people involved in or dealing with trusts
- analyse hypothetical case studies and formulate a legal argument by the application of statute and case law
- critically evaluate the effectiveness of aspects of corporate law in the context of the changing needs of the community.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTB3221 - Taxation law and practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides an introduction to Australian taxation law and practice with a focus on individuals as taxpayers undertaking personal services, property and business activities. Income tax (including CGT), GST and FBT are covered.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of the Australian taxation system including the interaction of income tax with other taxes
- identify conceptual structures in core tax provisions and apply them in an ordered approach
- recognise fundamental tax concepts, identify legislative provisions as well as judicial principles and apply them to analyse personal, property and business scenarios
- explain and calculate income tax (including CGT), plus GST and FBT.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTB3281 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit involves a study of the legal framework which operates in relation to marketing decisions and practice. It examines the impact of common law, legislation and self-regulating codes of practice in the market place. Particular topics covered include intellectual property rights, product development and promotion, product safety and quality, the regulation of unfair and anti-competitive conduct and electronic marketing and the law.
Outcomes
The learning goals associated with this unit are to:
- analyse, and apply the laws protecting intellectual property to the development and marketing of a range of new products and ideas
- analyse and apply the consumer protection laws to a range of marketing and advertising strategies
- analyse and apply the laws regulating a range of marketing practices including pricing and distribution
- formulate the legal protection of a product or idea using the intellectual property, marketing and consumer protection laws.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTB3350 - Business taxation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Not offered in 2019
Synopsis
This unit builds on introductory taxation law units. It covers the taxation of entities including the acquisition and disposal of business entities. Selected topics are employee remuneration extending to share schemes and termination payments, CGT consequences of death, superannuation and small business concessions. Tax administration, income tax anti-avoidance provisions and tax agent ethics are covered.
Outcomes
The learning goals associated with this unit are to:
- apply the tax frameworks to analyse conducting a business through a company, trust, partnership or as a sole proprietor
- identify and analyse the taxation issues associated with employee remuneration, superannuation and selected CGT issues
- apply the tax rules that govern acquisition and disposal of businesses, including small business entities
- analyse business transactions from the perspective of tax administration and anti-avoidance provisions.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTC1110 - Commercial law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Ms Rebecca Neophitou
(First semester)
Eugenio Vergara Marshall
(Second semester)
Unit guides
Synopsis
The law affects everything we do in our personal lives, as well as all kinds of business activity. In this unit, you will learn about key areas of law relevant to the conduct of commerce. Learning about the law as a non-lawyer is important - it will help you understand business risks, and to seize upon business opportunities, while also helping you understand when professional legal advice might be required. In short, understanding the law's role in business helps you make good business decisions.
This unit covers five key areas of the law, representing essential areas of knowledge for the commercial world - the Australian legal system, the law of contract, consumer protection, the law of torts (including negligence as it affects business and as it applies to professionals), and the law of business organisations (including the law of agency, partnerships, corporations, and trusts).
Outcomes
The learning goals associated with this unit are to:
- examine common commercial law scenarios relating to: the supply of defective goods and services; contract disputes; misrepresentations; agency relationships; partnership law; and company law
- identify legal problems and risks which arise in those scenarios
- describe the laws relevant to those scenarios
- analyse and apply the laws to predict possible legal outcomes.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTC2000 - Australian company law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Ms Anne O'Rourke
Ms Vivien Chen
Unit guides
Synopsis
Topics covered in this course include: the separate legal entity status of companies and the concept of limited liability; the effect of registration; the corporate constitution and Replaceable Rules; the company's relationship with outsiders; corporate management incorporating extensive consideration of directors duties; share capital; regulation of public fund raising; members remedies covering statutory and common law rights of action; members meetings; and forms of corporate insolvency administration.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of the significance and functions of corporations as legal structures that facilitate the carrying on of business
- identify, explain and apply legislation and case law to the internal and external regulation of corporations
- develop skills in legal problem solving and analyse legal problems relating to corporations.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTC3150 - Taxation law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Unit guides
Synopsis
This unit provides an introduction to Australian taxation law and practice with a focus on individuals as taxpayers undertaking personal services, property and business activities. Income tax (including CGT), GST and FBT are covered.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of the Australian taxation system including the interaction of income tax with other taxes
- identify conceptual structures in core tax provisions and apply them in an ordered approach
- recognise fundamental tax concepts, identify legislative provisions as well as judicial principles and apply them to analyse personal, property and business scenarios
- explain and calculate income tax (including CGT), plus GST and FBT.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTC3200 - Finance law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Aspects of the legal and regulatory environment that affects financial decisions, transactions and relationships. Includes the laws regulating financial institutions and the banker/customer relationship; cheques; electronic payments; bills of exchange; bank lending, business finance and security; consumer credit; guarantees and bankruptcy.
Outcomes
The learning goals associated with this unit are to:
- explain the legal and regulatory environment of the banking and finance sector
- analyse the legal and regulatory concepts underlying banking and financial transactions
- understand the legal rights and obligations of those involved in banking and finance
- have developed a legal perspective to assist in decision-making in areas involving banking and finance
- to provide the legal background for the resolution of business problems involving banking and finance.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTC3300 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The legal framework which operates in relation to marketing decisions and practice. The impact of common law, legislation and self-regulating codes of practice in the market place. Particular topics include intellectual property rights, product development and promotion, product safety and quality, the regulation of unfair and anti-competitive conduct, franchising and electronic marketing and the law.
Outcomes
The learning goals associated with this unit are to:
- identify and analyse the consumer protection laws and apply those laws to a range of marketing and advertising strategies
- identify and analyse the laws protecting intellectual property and apply those laws to the development and marketing of new products and ideas
- identify, analyse and apply the laws regulating a range of competition practices including pricing and distribution
- develop an ability to research and critically evaluate developments in marketing law.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTC3350 - Business taxation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
This unit builds on introductory taxation law units. It covers the taxation of entities and taxation issues on acquisition and disposal of a business and includes employee remuneration, superannuation, tax administration, anti-avoidance provisions and tax agent ethics. Selected topics of CGT are also covered including CGT implications for estates and small business concessions.
Outcomes
The learning goals associated with this unit are to:
- analyse the tax frameworks that apply when conducting a business through companies, trusts, partnerships or as sole proprietors
- describe the taxation issues associated with employee remuneration, superannuation and selected CGT issues
- apply the appropriate taxation rules that govern purchase and sale of businesses, including small business entities
- analyse business transactions in the light of tax administration and anti-avoidance provisions.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTF1010 - Business law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Ms Carolyn McDermott
(First semester)
Dr Andrew Moshirnia
(Second semester)
Professor Mark Crosby
(City)
Coordinator(s)
Ms Carolyn McDermott
(First semester)
Dr Andrew Moshirnia
(Second semester)
Miss Belinda Clarence
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
The law affects everything we do in our personal lives, as well as all kinds of business activity. In this unit, you will learn about key areas of law relevant to the conduct of commerce. Learning about the law as a non-lawyer is important - it will help you understand business risks, and to seize upon business opportunities, while also helping you understand when professional legal advice might be required. In short, understanding the law's role in business helps you make good business decisions.
This unit covers five key areas of the law, representing essential areas of knowledge for the commercial world - the Australian legal system, the law of contract, consumer protection, the law of torts (including negligence as it affects business and as it applies to professionals), and the law of business organisations (including the law of agency, partnerships, corporations, and trusts).
Outcomes
The learning goals associated with this unit are to:
- examine common commercial law scenarios relating to: the supply of defective goods and services; contract disputes; misrepresentations; agency relationships; partnership law; and company law
- identify legal problems and risks which arise in those scenarios
- describe the laws relevant to those scenarios
- analyse and apply the laws to predict possible legal outcomes.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTF2000 - Australian corporations law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Dr Jennifer O'Reilly
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Jennifer O'Reilly
(Caulfield)
Miss Belinda Clarence
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
In this unit we consider how to create companies and trusts and the potential legal liability of their participants and stakeholders; the role of internal company rules on company managers and investors; how companies are managed, with extensive consideration of directors duties; regulations affecting public fund raising by companies and changes to their share capital; members' meetings and legal remedies for dissatisfied investors in companies (under legislation and common law); and forms of administration for insolvent corporations.
Outcomes
The learning goals associated with this unit are to:
- describe the nature of trusts, the way they operate, and the rights and obligations of people involved in or dealing with trusts
- demonstrate an understanding of the significance and functions of corporations as legal structures and how they facilitate the carrying on of a business
- identify and explain the ways that corporations and their stakeholders are regulated by the law (legislation and case law) in Australia
- demonstrate skills in logically analysing and solving law-related problems relating to corporations.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTF2223 - Corporate crime
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Ms Meredith Edelman
(Second semester)
Unit guides
Synopsis
This subject analyses and evaluates criminal conduct in the business world. It examines conduct within corporate entities which may lead to criminal (or other serious penalties) being imposed on corporations and/or individuals. Areas covered include industrial manslaughter, serious cartel conduct, liability for defective disclosure and insider trading. The subject considers the legal and practical difficulties which arise in detecting and prosecuting corporate crime.
Outcomes
The learning goals associated with this unit are to:
- analyse and evaluate the nature of crime, corporate crime and white collar crime
- identify and explain various laws relevant to corporate criminality
- describe the criminal and other penalties which may be imposed on corporations and individuals
- identify and explain the mechanisms for preventing, detecting, investigating and prosecuting corporate crime, including where international co-operation is required
- consider the relationship between corporate crime and corporate social responsibility.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTF2601 - Banking law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Banks play a critical role in our society and underpin our economy. The products and services offered by banks are utilised by most businesses and individuals, so most members of society are interacting and engaging with banks. An understanding of the regulatory and legal framework that governs the operation and conduct of banks is not just beneficial for those working in the banking and finance industry and professional advisers, but also for consumers, including businesses, of the products and services offered by banks. This unit examines key aspects of the regulation of banking in Australia and the rights and obligations that are enforceable by banks and consumers.
Topics covered in this unit include: the system of banking regulation in Australia; banking law reforms after the Global Financial Crisis; legal aspects of the "banker-customer" relationship, confidentiality and privacy of customer data; consumer protection laws, including in the context of lending to consumers; lending, including both secured and unsecured lending, guarantees and the use of different types of property to secure loans; negotiable instruments; electronic banking and payments; emerging regulatory challenges for industry and government, technological innovation and disruption to traditional banking practices, such as FinTech.
Outcomes
The learning goals associated with this unit are to:
- describe the legal framework and system of banking regulation in Australia
- describe how the business of banking is shaped by the Global Financial Crisis, innovation, and the public ownership of banks
- evaluate the role and necessity of regulation and reflect critically on the relationship between law, regulation, ethics, and corporate culture in ensuring a fair, efficient, and resilient financial sector
- identify legal problems and risks that arise in the context of the "banker-customer" relationship, the relationship between lender and borrower, and in the context of electronic payments, and analyse and apply the law to solve the problems
- distinguish between different types of property (real and personal) and explain how property can be used to secure a loan transaction, the methods of registration and enforceability under applicable legislation and determine the priority of competing interests
- understand the concept of responsible lending
- demonstrate an understanding of technological innovations and emerging challenges facing policy makers, regulators and the banking industry.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTF3181 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The legal framework which operates in relation to marketing decisions and practice. Topics discussed include unfair trading practices, intellectual property rights (patents, trade marks, copyright and designs), anti-competitive conduct and new marketing practices. The unit places the laws controlling unfair and anti-competitive practices within the wider economic context.
Outcomes
The learning goals associated with this unit are to:
- identify and analyse the consumer protection laws and apply those laws to a range of marketing and advertising strategies
- identify and analyse the laws protecting intellectual property and apply those laws to the development and marketing of new products and ideas
- identify, analyse and apply the laws regulating a range of competition practices including pricing and distribution
- critically evaluate a contemporary marketing law development and write a research paper on the topic.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTF3931 - Taxation law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Ms Swapna Verma
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Ms Swapna Verma
(Caulfield)
Miss Belinda Clarence
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit provides an introduction to Australian taxation law and practice with a focus on individuals as taxpayers undertaking personal services, property and business activities. Income tax (including CGT), GST and FBT are covered.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of the Australian taxation system including the interaction of income tax with other taxes
- identify conceptual structures in core tax provisions and apply them in an ordered approach
- recognise fundamental tax concepts, identify legislative provisions as well as judicial principles and apply them to analyse personal, property and business scenarios
- explain and calculate income tax (including CGT), plus GST and FBT.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTM3290 - Independent study
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Unit guides
Prerequisites
Students must have completed five units from the Department of Business Law and Taxation major, including BTW1042 and permission from the Chief Examiner following approval of research topic and suitable supervisor.
Synopsis
This elective is designed to allow students to conduct an independent study in the area of business law or tax under the supervision of a member of the Business Law and Taxation academic staff (the supervisor). The student will, with the guidance of the supervisor, identify a research project, prepare a proposal, collect data (which may involve library research or collection of empirical data or both) and write up a final report of about 6,000 words. The project may be a bibliography or annotated bibliography, journal entries or other kinds of short reflective pieces such as a book review or a research essay. The project may apply hypothetico-deductive interviews. No formal lectures will be held for this unit.
This unit will comprise a specially tailored course of reading and/or other activities that are agreed to by the student and the student's supervisor. The unit allows the supervisor and student the flexibility to design a course of study that enables the student to acquire specialised knowledge in his/her selected topic and the necessary research skills to access that knowledge.
Outcomes
The learning goals associated with this unit are to:
- generate questions/aims/hypotheses within structured guidelines
- collect and record self-determined information/data, choosing an appropriate methodology
- evaluate information/data and the inquiry process using self-determined criteria developed within structural guide lines
- organise information within the supervisors parameters
- analyse information gaps stated by others.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester, typically comprising a mixture of one-on-one conferences with a supervisor and independent study. The unit requires on average contact between the supervisor and the student at least once every two weeks.
See also Unit timetable information
BTS1201 - South Africa business law A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus)
Synopsis
An introduction to the South African legal system, its history, structure, and the sources of law. We examine the following areas of commercial law: the general law of contract as well as specialised areas of contract law including the law relating to sales, negotiable instruments, property law, agency law and credit law. We also introduce the various forms of business organisations and insolvency law.
Outcomes
The learning goals associated with this unit are to:
- introduce the South African legal system with an emphasis on its history, structure and sources of law
- identify and analyse the law of torts and unjust enrichment
- identify and analyse the application of the law as it relates to general as well as specific contracts and negotiable instruments
- identify and discuss various forms of business organisations, including the law concerning corporate insolvency
- identify and discuss the various aspects of commercial law that are of particular relevance to accountants and auditors.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTS2201 - South African business law B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Unit guides
Prerequisites
BTS1201 or equivalent.
Synopsis
This unit examines business entities law at an advanced level, with emphasis on the law of partnership, company law, the law of close corporations and the law of business trusts. An examination will also be made of the relevant legal aspects relating to corporate governance with specific emphasis on the role and duties of directors. The law pertaining to auditors and their role in a business entity will be examined as will the law relating to financial reporting and the keeping of financial records by business entities.
Outcomes
The learning goals associated with this unit are to:
- identify and describe various forms of business enterprises in South Africa
- provide basic legal advice regarding the choice of business form
- discuss, analyse and give advice on the legal structure of the partnership, company, close corporation and business trust
- explain and give advice on the rights and duties of the different role-players in the partnership, company, close corporation and business trust
- read, analyse and explain the principles of business law from case law and relevant legislation law in terms of the various business forms
- explain the effect of recent court decisions regarding the various business forms
- analyse a given practical situation in terms of the statutes and common law regarding the various business forms
- identify legal problems and apply them to practical problems and provide legal solutions.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTS2301 - South African taxation A
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
BTS1201 or equivalent.
Synopsis
This unit provides an introduction to the principles and practices of taxation in South Africa. Topics covered include: gross income; special inclusions; exempt income; allowable deductions; special deductions; capital allowances; capital gains tax; value added tax (VAT); and South African tax law. This unit is a requirement for students wanting to register as a Chartered Accountant with the South African Institute of Chartered Accountants (SAICA).
Outcomes
The learning goals associated with this unit are to:
- describe and explain various aspects of the South African taxation system
- determine what is included in gross income
- evaluate and determine what is exempt and specifically included in taxable income
- identify and calculate the special and general deductions/ allowances that are allowed against taxable income
- identify transactions that will be subject to capital gains tax and calculate the taxable amount in terms of the relevant provisions
- identify transactions that will be subject to Value Added Tax and describe the rules and calculate how they are taxed
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with taxation and demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in BTS2301.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTS3201 - International trade law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Unit guides
Synopsis
The law affecting Australian enterprises engaged in international business. Topics include international trade conventions; import and export procedures; the sale of goods; carriage of goods by sea and air; bills of lading and the Hague-Visby rules; finance of international trade; payment and documentary credits; the use of negotiable instruments in international trade; international commercial arbitration and marine insurance.
Outcomes
The learning goals associated with this unit are to:
- examine and analyse the international legal framework in which trade between nations take place
- identify and analyse the legal issues in an international trade context
- identify, analyse and apply the laws to solve legal problems that arise from international commercial transactions
- identify and analyse the laws relating to international contracts of sale, finance of international trading transactions, international carriage of goods, insurance in international trade and dispute resolution in international trade
- identify and analyse the form and nature of documents used in international trade including contracts of sale, shipping documentation, invoices, insurance policies, bills of exchange, documentary collections and letter of credits.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTS3301 - South African business law C
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Prerequisites
BTS1201 or equivalent.
Synopsis
In this unit we examine the following areas of commercial law: the law of insolvency, the law of insurance, intellectual property law, labour law (with particular attention to individual contracts of employment, collective bargaining and the right to take industrial action) and the laws that affect money laundering and asset forfeiture and confiscation. We also examine various types of alternative dispute resolution available to businesses seeking to settle disputes by means other than litigation. In all instances we examine the substantive law as well as the impact of these laws on business practices.
Outcomes
The learning goals associated with this unit are to:
- identify, discuss and analyse the laws governing insolvency, insurance and intellectual property
- identify, discuss and analyse labour law, including that which pertains to individual contracts of employment, collective bargaining and the right to take industrial action
- identify and discuss alternative dispute resolution methods available to businesses by means other than litigation
- identify and discuss the laws governing money laundering and asset forfeiture.
Assessment
Within semester assessment: 30% + Examination: 70%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTS3302 - South African taxation B
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Unit guides
Prerequisites
BTS2301 or equivalent.
Synopsis
This unit introduces value added tax (VAT) and includes an examination of the taxation of residents, sole traders, close corporations and companies. It also includes an examination of the tax implications of company distributions and donations. This unit is a requirement for those students following the route to the qualification of Chartered Accountant (South Africa).
Outcomes
The learning goals associated with this unit are to:
- describe the rules and sections of the act regarding value added tax (VAT) and to apply them to calculate VAT in a variety of business transactions and practical scenarios
- calculate the tax payable on individuals and businesses
- differentiate between categories of business for tax purposes, such as sole traders, individuals, companies and close corporations
- explain and describe how donations are taxed and calculate the tax payable in a given set of circumstances
- explain provisions regarding dividends and apply the relevant principles in a given set of circumstances
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with taxation and demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in BTS3302.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTS3303 - South African taxation law C
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Ms Sadiyya Moola
(First semester)
Ms Liza Steyn
(Second semester)
Coordinator(s)
Ms Sadiyya Moola
(First semester)
Ms Liza Steyn
(Second semester)
Unit guides
Prerequisites
BTS3302 or equivalent
Synopsis
This unit introduces the accounts of executives, liquidators and trustees and examines how estates are taxed. It also includes an examination of capital gains tax, fringe benefits, retirement benefits, employees' and provisional tax, tax avoidance and administrative procedures, including objection and appeals. This unit is a requirement for those students following the route to the qualification of Chartered Accountant (South Africa).
Outcomes
The learning goals associated with this unit are to:
- describe and explain the South African executors' accounts and prepare such accounts
- calculate the tax payable on estates
- describe and interpret the provisions regarding employees' tax and provisional tax
- describe and explain how the tax system is administered and the process of objection and appeal
- explain the difference between tax avoidance and tax evasion and apply the relevant principles in a particular given set of circumstances
- identify and describe the fringe and retirement benefits and calculate how they are taxed
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with taxation and demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in BTS3303.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW1042 - Malaysian business law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Dr Loganathan Krishnan
(First Semester)
Dr Adnan Trakic
(Second semester)
Dr Abdul Majid Nabi Baksh
(October intake)
Coordinator(s)
Dr Loganathan Krishnan
(First Semester)
Dr Adnan Trakic
(Second semester)
Dr Abdul Majid Nabi Baksh
(October intake)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- October intake 2019 (On-campus)
Synopsis
This unit introduces the student to the salient features of the Malaysian legal system, the various dispute resolution techniques and examines the main areas of law that regulate the business environment in Malaysia. The focus of learning is on the law of contract, the law of misrepresentation, agency law, partnership law and aspects of company law. Comparative aspects of Australian laws will be highlighted where relevant.
Outcomes
The learning goals associated with this unit are to:
- deliberate the salient features of the Malaysian legal system, with a focus on its law making institutions, the interpretation of statutes and the various dispute resolution techniques
- examine and apply the principles of contract law, misrepresentation and agency law to hypothetical legal problems
- examine the legal differences between partnerships and corporations
- conduct basic legal research using primary and secondary sources
- deliberate Common Law comparative aspects of the above topics.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW2213 - Malaysian company law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit will focus on the law relating to corporate governance in Malaysia. It will begin with the need for good corporate governance in Malaysia and the factors that are involved in ensuring good corporate governance. It will focus on directors' duties and the need for the board to be independent of majority shareholders and their nominated directors and on the role that auditors and shareholders play in ensuring good corporate governance practices. The unit will also include the disclosure obligations of companies and how these rules are currently enforced. In all instances the essential elements of the law is examined, as are the implications of each law on business practice.
Outcomes
The learning goals associated with this unit are to:
- define the concept of companies as legal entities
- explain the significance of companies as entities for carrying on business in Malaysia
- identify and critically evaluate how Malaysian legislation and relevant case law affects the internal and external regulation of companies
- demonstrate an awareness of corporate legal theory and law reform.
- critically evaluate the effectiveness of aspects of corporate law in the context of the changing needs of the community
- apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with corporate law and demonstrate in an individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BTW2213.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW2241 - Comparative workplace relations law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit introduces students to the legal framework within which individual employment relations operate in Malaysia and Australia. Topics include important workplace relations issues like the rights and duties underpinning the contract of employment, unfair dismissal, constructive dismissal, discrimination and occupational health and safety law. Selected International Labour Organisation Conventions are analysed in relation to aspects of current employment protection law and policy.
Outcomes
The learning goals associated with this unit are to:
- describe the legal framework that regulates the relationship between employer and employee in Malaysia and Australia
- define and analyse the scope of the contract of employment
- evaluate the nature of rights and duties within the employment relationship
- discuss the various types of workplace dismissals
- explain the role and influence of the International Labour Organisation.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW2320 - Current issues in corporate governance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit will explore current corporate governance issues in Malaysia and selected Asian developing countries and will involve a comparative study of how developed jurisdictions (Australia, UK, US and Singapore) have resolved these issues. The focus is on issues the role of the board of directors, auditors, shareholders and whistleblowers. The unit will highlight problems and resolutions to improve corporate governance in Malaysia.
Outcomes
The learning goals associated with this unit are to:
- introduce the role of the various stakeholders in upholding good corporate governance
- study the impact of regulations and codes in corporate governance and the viability of self-regulation in various jurisdictions
- address current issues faced by these stakeholders and the resolution to these issues
- propose checks and balances to improve corporate governance in developing countries.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW3153 - Malaysian income tax law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Professor Jeyapalan Kasipillai
Coordinator(s)
Professor Jeyapalan Kasipillai
Unit guides
Synopsis
The topics are similar to those covered by the equivalent Australian income tax law unit BTC3150, but lectures and tutorials will concentrate on the legislation and case law which applies in Malaysia. Topics include background to the Malaysian legal and taxation systems; income for businesses, individuals, companies, partnerships and trusts; deductions; capital allowances (the Malaysian equivalent of depreciation); personal reliefs; tax incentives; the limited capital gains tax; tax administration and tax avoidance.
Outcomes
The learning goals associated with this unit are to:
- describe the taxation concept of income
- critically assess the major income and deduction components comprising taxable income
- identify the main taxable entitles and calculate how they are taxed
- analyse and apply the main administrative aspects of income tax law
- demonstrate an awareness of current income tax developments in Malaysia.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW3201 - International trade law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The law affecting Australian enterprises engaged in international business. Topics include international trade conventions; import and export procedures; the sale of goods; carriage of goods by sea and air; bills of lading and the Hague-Visby rules; finance of international trade; payment and documentary credits; the use of negotiable instruments in international trade; international commercial arbitration and marine insurance.
Outcomes
The learning goals associated with this unit are to:
- examine and analyse the international legal framework in which trade between nations take place
- identify and analyse the legal issues in an international trade context
- identify, analyse and apply the laws to solve legal problems that arise from international commercial transactions
- identify and analyse the laws relating to international contracts of sale, finance of international trading transactions, international carriage of goods, insurance in international trade and dispute resolution in international trade
- identify and analyse the form and nature of documents used in international trade including contracts of sale, shipping documentation, invoices, insurance policies, bills of exchange, documentary collections and letter of credits.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW3221 - Taxation law and practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Synopsis
This unit provides an introduction to Australian taxation law and practice with a focus on individuals as taxpayers undertaking personal services, property and business activities. Income tax (including CGT), GST and FBT are covered.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of the Australian taxation system including the interaction of income tax with other taxes
- identify conceptual structures in core tax provisions and apply them in an ordered approach
- recognise fundamental tax concepts, identify legislative provisions as well as judicial principles and apply them to analyse personal, property and business scenarios
- explain and calculate income tax (including CGT), GST and FBT.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW3233 - Conventional and Islamic finance law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Unit guides
Synopsis
This unit covers the main areas of conventional and Islamic financial regulations. This includes aspects of the legal environment that affect financial decisions, transactions and relationships in both conventional and Islamic finance. Topics covered are chosen from the laws regulating the financing implications of different forms of business organisation; financial institutions and the financial institutions/customer relationship; cheques; the laws regulating business finance and security and guarantees.
Outcomes
The learning goals associated with this unit are to:
- analyse conventional and Islamic finance law problems with the necessary awareness to plan and structure an appropriate answer
- effectively apply problem solving strategies that includes clear presentment of a legal argument, and critical and creative thinking
- identify, evaluate and implement appropriate strategies for resolution of conventional and Islamic finance law problems
- be innovative in resolving conventional and Islamic finance law problems
- be able to reference sources of information in written work.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTW3281 - Marketing law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit involves a study of the legal framework which operates in relation to marketing decisions and practice. It examines the impact of common law, legislation and self-regulating codes of practice in the market place. Particular topics covered include intellectual property rights, product development and promotion, product safety and quality, the regulation of unfair and anti-competitive conduct and electronic marketing and the law.
Outcomes
The learning goals associated with this unit are to:
- analyse, and apply the laws protecting intellectual property to the development and marketing of a range of new products and ideas
- analyse and apply the consumer protection laws to a range of marketing and advertising strategies
- analyse and apply the laws regulating a range of marketing practices including pricing and distribution
- formulate the legal protection of a product or idea using the intellectual property, marketing and consumer protection laws.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX3100 - Sustainability regulation for business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces students to legal and regulatory perspectives on global environmental challenges, with a focus on the effectiveness of relevant regulatory models. Topics include principles of sustainable development, property rights and common law remedies, and various statutory models for protection of natural resources and ecosystem services.
Outcomes
The learning goals associated with this unit are to:
- identify and understand the nature of global environmental challenges facing business enterprises
- identify and understand how the principles of sustainable development have been incorporated into regulatory models for protection of natural resources and ecosystem services
- investigate and analyse case studies exploring the effectiveness of relevant regulatory models.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
First semester:
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.
Winter semester:
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
BTX3110 - International trade law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Dr Nicola Charwat
(First semester)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Nicola Charwat
(First semester)
Dr Giovanni Di Lieto
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
- Trimester C 2019 (On-campus)
Prohibitions
Synopsis
International trade and commerce is increasingly central to business operations in Australia and around the world. This unit provides a comprehensive introduction to the legal framework governing international trade and commerce, with a particular focus on trade in goods. The unit begins by introducing the key principles of law that govern trade relations between nation states and addresses broader policy questions such as how these international laws have impacted the ability of nation states, such as Australia, to regulate trade for the purposes of protecting animal welfare and the environment and food and product safety.
The unit also introduces the fundamental contracts, documents and processes involved in international sales transactions. These include the international contract of sale, contracts of air and sea carriage, marine insurance and international payments. The unit focuses on the framework of laws, principles and other instruments within which business professionals operate when concluding and performing these contracts. The principal rights and obligations of the parties and the available remedies are analysed for the purpose of ensuring that traders are aware of and able to avoid the legal risks inherent in international commerce.
Outcomes
The learning goals associated with this unit are to:
- understand and analyse the key disciplines of international trade law governing the trade relations between nation states and their impact on domestic regulation, in particular domestic regulation for health and environmental protection
- understand the principal legal rights, obligations and remedies available to the parties in fundamental international commercial contracts, which include sales, carriage, marine insurance, payments and arbitration
- be able to identify, avoid and resolve the legal problems that arise in international commercial transactions by explaining and analysing the relevant rights, obligations and remedies available to the parties
- develop problem-solving, research and writing skills.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX3130 - Stock exchange and derivatives law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Prohibitions
BTF3091
Synopsis
Aspects of the legal and regulatory environment of the securities and futures industries, which derives from the interaction of statute law, case law, ASIC releases and ASX rules. Includes the regulation of financial services intermediaries by statute, case law and administration by ASIC and ASX; market regulation by ASIC and ASX; liability for misstatements and non-disclosure about financial products; licensing of brokers and investment advisers; the relationship of broker and client; conduct of securities and futures business.
Outcomes
The learning goals associated with this unit are to:
- define the purposes and scope of the regulation of financial markets
- analyse the co-regulatory roles of ASIC and ASX
- describe the effect of misleading or deceptive conduct in financial markets
- evaluate the impact of co-regulation on the financial services industry
- critically analyse the regulation of market manipulation and insider trading.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX3350 - Business taxation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit builds on introductory taxation law units. It covers the taxation of entities, including the acquisition and disposal of business entities. Selected topics are employee remuneration extending to share schemes and termination payments, CGT consequences of death, superannuation and small business concessions. Tax administration, income tax anti-avoidance provisions and tax agent ethics are covered.
Outcomes
The learning goals associated with this unit are to:
- apply the tax frameworks to analyse conducting a business through a company, trusts, partnerships or as a sole proprietor
- identify and analyse the taxation issues associated with employee remuneration, superannuation and selected CGT issues
- apply the tax rules that govern acquisition and disposal of businesses, including small business entities
- analyse business transactions from the perspective of tax administration and anti-avoidance provisions.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX3650 - Sports law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Prerequisites
BTB1010 or equivalent.
Synopsis
Students will examine the role of law and regulation in the context of sport and policy. Topics include the regulation of labour, unions and collective bargaining, performance enhancing drugs and negligence in sport.
Outcomes
The learning objectives associated with this unit are to:
- identify the key forms of legal and non-legal regulation in elite sport
- evaluate the role of internal and external regulation and regulatory actors in elite sport
- understand how legislation and common law regulates sports leagues, governing bodies in sport and the labour of athletes
- map the legal and non-legal regulation of major professional sports reviewed in the unit
- identify and describe contemporary legal issues in elite sport.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX3699 - Insolvency
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides students with an understanding of the general law of insolvency within an Australian context. The focus is on both personal insolvency through the bankruptcy process and corporate insolvency through liquidations, administrations and receiverships. The unit examines the role of insolvency administrators, the structure of such administrations, the effect on insolvents and the effect on creditors. There is also some discussion of the regulation of insolvency administrators.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of the purposes of insolvency laws and how they operate in relation to individuals and corporations
- identify, explain and apply legislation and case law to the operation of insolvency administrations and situations
- develop skills in problem solving and analyse legal problems relating to insolvency situations.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX3900 - Research project in business law or taxation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Dr Catrina Denvir
(First semester, Second semester)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
Prerequisites
Students must have passed 12 credit points from units owned by the Department of Business Law and Taxation.
Synopsis
This unit offers students an option to complete a unit by way of a research project. The project requires a student to undertake guided research on a topic taken from a business law and taxation unit.
Outcomes
The learning goals associated with this unit are to:
- analyse various methodological approaches to business law
- identify an area in the contemporary commercial environment that presents business law or taxation issues
- research, analyse and evaluate those issues using the methodologies previously studied
- construct a framework to discuss the results
- prepare and present a research paper.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX3991 - Employment law
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Dr Dominique Allen
(Second semester)
Unit guides
Synopsis
Understanding how work is regulated in Australia today is important to anyone aspiring to work in a business-related field. This unit introduces students to the legal rules, processes, institutions and actors that regulate employment in contemporary Australia. The unit has a practical focus, exploring the relevance and operation of legal rules through their application to common workplace issues and using real-world examples. The unit also engages with policy debates about the impact and adequacy of the legal rules. Topics covered include the contract of employment and other common work arrangements, minimum standards under the Fair Work Act 2009, collective bargaining and industrial action, workplace health and safety, and legal rules around fair treatment and non-discrimination at work.
Outcomes
The learning goals associated with this unit are to:
- understand and critically engage with key policy debates concerning how work in its various forms should be regulated in contemporary Australia
- navigate Australia's complex and dynamic system of employment regulation, including demonstrating an understanding of the different sources of employment law and the role and powers of key regulatory institutions
- demonstrate a knowledge of key features of the Fair Work Act 2009 (Cth) in relation to both individual and collective employment relations; and of anti-discrimination and workplace health and safety legislation
- identify and apply the relevant legal rules to common workplace issues in order to form a view as to likely legal options and outcomes.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
BTX4130 - Honours research thesis
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Business Law and Taxation
Chief examiner(s)
Professor Michelle Welsh
(First semester, Second Semester, Summer semester B)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus)
Prerequisites
Nil
Co-requisites
Students must be enrolled in course B3701 and undertaking the Business Law and Taxation specialisation.
Synopsis
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 law and/or taxation 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.
Outcomes
The learning goals associated with this unit are to:
- analyse the literature in order to develop subject matter expertise beyond the specific focus of the honours project
- synthesise the literature to inform the students research topic of choice
- critically evaluate academic literature and present in written and oral form key arguments related to the research project.
Assessment
Within semester assessment: 100%
Workload requirements
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
Off-campus attendance requirements
On campus only.
ECB1101 - Introductory microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Lionel Frost
Coordinator(s)
Associate Professor Lionel Frost
Unit guides
Synopsis
The unit introduces students to the study of economics from a microeconomic perspective. Fundamental principles of microeconomics will be applied to the analysis of consumer behaviour, demand and supply and the operation of markets, market efficiency and welfare, welfare effects of international trade, public sector economics, the behaviour of firms and the organisation of an industry, and market structures. This unit also discusses the reasons for economic regulation and competition policy.
Outcomes
The learning goals associated with this unit are to:
- understand the theoretical foundations of economics, and the generic skills essential for progression to upper level units by applying rigorous thinking and understanding to analytical geometric models
- identify and explain economic systems and the concept of resource allocation, and the role of individuals and businesses in markets
- discuss the implementation of economic policy in a microeconomic framework, and the ability of economics as an evolutionary science to address the persistent social and economic problems confronted by society
- recognise regulatory and political environments and how they impact on business
- demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECB1102 - Introductory macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit introduces students to the study of economics from a macroeconomic perspective. Fundamental principles of macroeconomics will be applied to the analysis of Gross Domestic Product, National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, and aggregate demand and supply in the short and long run. The role of monetary and fiscal policy will be discussed, including related debates on regulatory and political environments and how they impact on business and the macroeconomy.
Outcomes
The learning goals associated with this unit are to:
- gain an insight into the product, money, labour and foreign exchange markets, and knowledge and understanding of the Australian economy and its operation in an international environment
- identify and explain economic systems and the concept of resource allocation
- discuss the implementation of economic policy in a macroeconomic framework, and the ability of economics as an evolutionary science to address the persistent social and economic problems confronted by society
- recognise regulatory and political environments and how they impact on business
- acquire the basis for more advanced studies in economics
- demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECB2141 - Economics of labour markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Coordinator(s)
Synopsis
Topics include the supply of and the demand for labour, education and training, the operation of labour markets, including the role of institutions in the labour market, wage relativities, disadvantaged groups in the labour market, and the role of trade unions. Also included is a study of the macroeconomic implications of wage changes and a consideration of wages policy. Special attention is given to the current labour market conditions.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of labour markets by drawing on basic economic principle
- think critically about the implications of labour market activity for society
- recognise the issues involved in labour market activities through a consideration of issues such as unemployment and labour market disadvantage
- apply analytical skills developed through an analysis of continuing change in the labour market and labour market policy.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECB2330 - Macroeconomic policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Lionel Frost
Coordinator(s)
Unit guides
Synopsis
This unit develops analytical skills and fundamental concepts that economists need in order to understand the overall macroeconomic policies. It will cover the cyclical behaviour of the economy; the determinants of the level of national income, money and inflation, interest rate, exchange rate, capital flows, international trade, and the natural rate of unemployment; the role of monetary, fiscal and exchange rate policies in influencing economic activities.
Outcomes
The learning goals associated with this unit are to:
- understand the measurement of income, prices, money and unemployment
- distinguish between the short-run and long-run impacts of macroeconomic policy
- understand the concepts of aggregate demand, aggregate supply and general equilibrium, and be able to use them for policy analysis
- understand the effect of macroeconomic policy on the trade balance, inflation, unemployment and income
- be able to critically assess macroeconomic policy.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECB2731 - Managerial economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This subject reviews the contemporary microeconomic principles in the context most relevant to business people. Market processes, demand patterns, cost structures, market conditions, pricing policies, and the impact of regulation on business decisions are discussed. Cases and problems from the prescribed text, Australian media, and online resources illustrate how economic concepts can be applied to specific industries. Analytical techniques and quantitative tools link the concepts to measurement and managerial decision-making.
Outcomes
The learning goals associated with this unit are to:
- understand how markets work
- understand how customers value products
- understand which production and cost measures are relevant for decision making
- understand how competition affects business decisions on investment, production, and pricing in different market structures
- understand how important managerial and marketing decisions are to changes in foreign exchange rates, technology, incomes, government regulations, sources of energy, the balance of payments.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECB3121 - Economics of international trade and finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit develops an understanding of the theory of international trade. It explains how international trade creates gains for a nation and the effect this has on its economic outcomes, such as economic growth and income distribution. The unit discusses the role of trade policy; tariffs, quotas, subsidies and import discrimination on trade patterns. The unit also looks at the international finance and the foreign exchange markets, with emphasis on stability of the foreign exchange market, exchange rate determination, the balance of payments and the role of exchange rate policies.
Outcomes
The learning goals associated with this unit are to:
- draw upon skills developed in micro and macroeconomics to enable students to understand and critically evaluate contemporary policy debates in international trade and finance
- develop the ability to use powerful analytical tools to predict the impact of global economic, political and social policies on Australia as a small open economy
- recognise the positive welfare effects of worldwide unrestricted trade.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECB3143 - Economics of money and banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is designed to analyse the effect of money on key economic variables such as interest rates, inflation, output, and on the workings of the banking sector. In addition, the unit examines the roles played by the financial system, financial institutions, and central banks, in the process of money creation and the implementation of monetary policy. The unit provides a more detailed discussion of the key issues in the theory and practice of banking and monetary policy.
Outcomes
The learning goals associated with this unit are to:
- develop a knowledge of the theoretical structure of an open economy with particular emphasis on monetary policy formulation and implementation
- develop skills in analysis and prediction for the key economic variables when the economy is faced with internal and external market shocks
- be able to use an economic model that allows for competitive international capital markets and floating exchange rates to analyse policy measures.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECB3830 - Business, competition and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Coordinator(s)
Not offered in 2019
Synopsis
This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, deregulation and privatisation.
Outcomes
The learning goals associated with this unit are to:
- recognise differences in market structures and understand how those differences affect firms' competitive behaviour and performance
- understand how and why competition causes changes in market structures by way of mergers, acquisitions, vertical integration and diversification
- explain the economic rationale for competitive weapons utilised by business in contemporary competitive environment, such as barriers to entry, pricing and advertising strategies, product differentiation, and innovation
- explain the rationale for regulation and merits of different theories of regulation
- explain the arguments for and against privatisation
- understand the main features of national competition policies in the countries of particular interest to Monash University in Australia and overseas
- critically evaluate attempts to increase competition in particular industries, e.g. aviation, electricity and telecommunications, where there are ongoing reforms.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC1000 - Principles of microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides students with an introduction to microeconomics. Students will be given the tools to understand basic economic ideas and to apply their learning to analyse economic applications in everyday life. It begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about consumer behaviour and analysing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms' behaviour. The final section of the unit provides an introduction to some of the more advanced topics that can be analysed using microeconomic theory, including consumer choice, game theory and behavioural economics.
Outcomes
The learning goals associated with this unit are to:
- understand the 'economic way of thinking' about a broad range of individual, business and government choices and decisions
- apply economic principles to explain and analyse economic institutions, economic decisions and performance
- recognise regulatory and political environments and how they impact on business
- proceed to the study of other economics units which have an introduction to microeconomics as a prerequisite.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC1100 - Principles of macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The scope of macroeconomics and its microeconomic underpinnings; aggregation problems; partial equilibrium and general equilibrium analysis; the circular flow of income as a general equilibrium model; the mutual dependence of financial flows and flows of goods and services; sectoral composition of aggregate demand; business and investment behaviour; government spending and taxation; external balance and determination of current and capital accounts; labour market and aggregate supply; money, credit, and the conduct of monetary policy; inflation and unemployment; macroeconomic effects of deregulation in Australia.
Outcomes
The learning goals associated with this unit are to:
- interpret recent movements in key economic indicators of the Australian and other economies and appreciate some of the definitional and measurement problems associated with the available data
- understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
- apply economic analysis appropriate to achieving an understanding of the working of the macroeconomy
- recognise the significance of Australia's economy in relation to the rest of the world and the implications of this interdependence for the balance of payments and exchange rate
- regulatory and political environments and how they impact on business and the economy.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2000 - Intermediate microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Professor Nicholas Feltovich
(First semester)
Dr Xiaodong Fan
(Second semester)
Coordinator(s)
Professor Nicholas Feltovich
(First semester)
Dr Xiaodong Fan
(Second semester)
Unit guides
Synopsis
Theory of consumer choice, including applications to income-leisure choice and intertemporal consumption; isoquant theory of production; allocative efficiency and competition and monopoly; models of monopolistic competition and oligopoly; input pricing; microeconomic policies to address problems of market failure.
Outcomes
The learning goals associated with this unit are to:
- analyse decision-making by individual consumers and producers
- understand decision making in game-theoretic set ups
- analyse price determination in product and input markets under various conditions
- analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2010 - Intermediate macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Qingyuan Du
(First semester)
Dr Siew Ling Yew
(Second semester)
Coordinator(s)
Dr Qingyuan Du
(First semester)
Dr Siew Ling Yew
(Second semester)
Unit guides
Synopsis
This unit develops analytical tools for understanding macroeconomic fundamentals. It provides students with a unified framework that can be used to analyse macroeconomic issues such as employment, productivity, growth, inflation, business cycles, and macroeconomic policies. The unit combines macroeconomic theory with real-world applications.
Outcomes
The learning goals associated with this unit are to:
- understand the basic macroeconomic frameworks
- analyse systematically the forces that determine changes in macroeconomic performance and living standards
- appraise critically the important current macroeconomic issues
- appreciate the nature and relevance of some significant recent developments in macroeconomics
- engage in rigorous economic analysis.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2300 - Current issues in macroeconomic policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Issues include economic growth and inflation in a global context; international comparisons of policy and performance; objectives of monetary policy and central bank independence; forecasting and practical problems in policy making; financial markets and economic indicators.
Outcomes
The learning goals associated with this unit are to:
- be familiar with the way in which economists apply economic theory and institutional knowledge of relevant parts of the economy to analyse government macroeconomic policy options, and to make recommendations on policy actions
- understand and critically evaluate current policy debate on issues of macroeconomic policy
- evaluate the contributions and limitations of economic analysis for helping to understand and to evaluate macroeconomic policy options.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2360 - Environmental economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
The role of government in regulating the interaction between the economy and the environment; application of microeconomic theory to environmental problems, including air pollution, climate change and the over-exploitation of open access resources; using the tools such as environmental valuation and cost-benefit analysis to discuss policy options ranging from command and control to market based approaches to address these problems.
Outcomes
The learning goals associated with this unit are to:
- explain how the economy and the environment interact
- demonstrate the link between environmental problems and the economic concepts of property rights, externalities and non-excludability
- critically analyse how market failures contribute to environmental problems
- provide recommendations on how to correct for market failures and solve mathematically for the optimal environmental policy.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2400 - Current issues in applied microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces economic ways of looking at everyday life and policy-relevant issues. The emphasis is on the scientific nature of economics and its policy relevance. Issues may include, but not be limited to, the microeconomics of firms, the microeconomics of the welfare state, the microeconomics of transitional economies, individual decision-making process, the microeconomics of social issues, and the microeconomic difficulties in the public sector.
Outcomes
The learning goals associated with this unit are to:
- be familiar with the way in which economists apply economic theories and concepts to analyse various issues
- be familiar with the way in which economists evaluate theories and inform policies
- critically evaluate and effectively communicate current debates on policy-relevant issues
- demonstrate the ability to evaluate the contributions and limitations of economic analysis for understanding and informing policy options.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2450 - Sports economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit will cover: demand for sport, sports revenues, the economics of sports broadcasting, the pricing of sports events; why professional team sports leagues form, whether clubs are profit-maximisers or win-maximisers, remedies for competitive imbalance such as player drafts, salary caps and revenue sharing, the role of player associations in professional sport; government subsidies in sport, the economic impact of sports events, stadium financing; case studies of professional team sports leagues in Australia, North America and Europe; globalisation in professional sport, future directions in sport.
Outcomes
The learning goals associated with this unit are to:
- examine the so-called 'peculiar' characteristics of sports markets and the policy conclusions that follow
- analyse the role economic incentives play in determining the behaviour of controlling bodies, leagues, clubs, players, fans, sponsors, the media and government
- compare and contrast the key features of various sports markets in Australia and overseas
- use the economic analysis learnt to develop appropriate policies to address economic problems in the sports industry.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2600 - Behavioural economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit covers the intersection of economics and psychology. The unifying theme is the role of "rationality" with respect to four behavioural clusters: temptations (over-eating); habits of thought (stereotyping); framing effects (is a pay raise too little given the expectation?); and motivational effects (persistence in the pursuit of a career or an ideology). The unit contrasts expected utility theory and its alternative, discusses self-deception, heuristics, regret, stubbornness, dogmatism, intrinsic motivation, desire for justice, prisoner' dilemma, and public goods games.
Outcomes
The learning goals associated with this unit are to:
- identify rational choice and deviations from rationality such as temptations, self-deception, superstitions, and conspiracy theories.
- understand habit-governed behaviour and cognitive illusions such as stereotyping.
- appreciate why perspective (framing) matters in understanding how people assess gains or losses, along the clich of whether a glass is half-empty or half-full.
- appreciate why motivation (when framing is infused with a goal) matters in understanding tenacity in the pursuit of a goal, which may shed light on career commitment, ambition, entrepreneurship, and why historical costs (sunk cost) matter.
- explain puzzles in behavioural finance (e.g., equity premium puzzle and the volatility puzzle) and the origin of legal rules concerning equality.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2610 - Game theory and strategic thinking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Game theory offers a tool for strategic thinking. It can be thought of as the art of beating your rivals, knowing that they are trying to do the same to you. Individuals, firms, governments and nations behave strategically, for good and bad. Over the last few decades, game theory has been developed for the purpose of understanding social phenomena. It has become the major tool used by social scientists to understand, predict and regulate strategic interaction among agents who have conflicting interests. This unit provides an introduction to game theory with an emphasis on real-world cases, including applications in economics and business.
Outcomes
The learning goals associated with this unit are to:
- identify real situations where game theory can be enlightening
- put a real situation into game theoretical formalism
- manipulate the formalism via game theory to reveal insights
- comprehend and critically assess complex strategies.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2800 - Prosperity, poverty and sustainability in a globalised world
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Simon Angus
Coordinator(s)
Associate Professor Simon Angus
Unit guides
Synopsis
This unit examines the process of economic development and its effects on prosperity, poverty and sustainability. The unit begins by studying the sources of prosperity via economic growth in the modern era, with particular reference to the Great Divergence in incomes that started during the 1800s. Second, the unit asks why some economic systems have prospered, whilst others have declined by turning its attention to disparate experiences of world-wide economic growth such as poverty and starvation. Finally we study the effects and prospects for future economic development in the context of environmental sustainability and climate change.
Outcomes
The learning goals associated with this unit are to:
- to introduce economic analysis as a key tool in understanding global movements of capital, labour and goods and services
- to use this analysis to identify the underlying causes of economic prosperity, poverty and environmental degradation in the modern global economy
- to critically analyse the sources of globalisation at the beginning of the 20th century and in the modern era
- to equip students with the economic tools to assess current ideas that aim to alleviate global poverty and secure environmental sustainability.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC2840 - Australian economic institutions and policy
6 points, SCA Band 1, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Coordinator(s)
Synopsis
The role of economic institutions and the process of institutional change, including the role of interest groups in promoting such change. An overview of Australian economic development sketches the changing environment within which such institutions operate. Key institutions, and changes in institutional structures over time, in selected sectors of the Australian economy, including the agricultural and manufacturing sectors, the labour market and the financial sector, as well as the institutions central to competition and trade policy.
Outcomes
The learning objectives of this unit are to:
- understand the role and nature of institutions in a market economy;
- appreciate the varying pressures that may lead to change in institutions and institutional structures;
- apply theoretical models of institutions and institutional change to the Australian economy;
- understand the nature and role of key institutions in selected sectors of the Australian economy;
- develop analytical, written and oral skills by writing an essay and presenting a tutorial paper.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3600 - Experimental economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit offers an introduction to experimental economics, its methods, applications, and scope to understand and affect everyday behaviour. Economic experiments have become a popular tool to test economic theory and to understand the causes for individual decisions, social decisions, and behaviours in markets. In this unit we provide examples on how economic experiments are useful to advance theory and predict economic decision-making. In addition, we provide students with the knowledge on how to design, conduct, and apply economic experiments.
Outcomes
The learning goals associated with this unit are to:
- understand economic experiments as a scientific method
- understand the scope of economic experiments
- identify real situations in which experiments can be enlightening
- design an experiment capturing a real situation.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3640 - Economics of climate change
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Climate change is the most significant environmental challenge the world is facing today. It has major implications for the global and domestic economies, including Australia's. This unit conveys the multifaceted nature of the economic problem that climate change represents. Uncertainty and catastrophic risk as well as inter- and intra-generational equity concerns are crucial to the evaluation of climate change impacts and to achieving international action. Options to achieve optimal stabilisation targets and pathways using economic principles and policy are contrasted. The implications of climate change mitigation for key industry sectors are also assessed.
Outcomes
The learning goals associated with this unit are to:
- provide students with an understanding of the possible impacts of climate change on economies
- analyse the economic costs of climate change, and how industries can adapt to climate change at minimum cost
- provide students with an understanding of how economic instruments such as carbon taxes and emissions trading schemes can mitigate climate change
- analyse how key industries such as electricity and transport can respond to climate change policies and lessen emissions.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3660 - Monetary economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit develops and examines the theoretical and empirical relationship between monetary policy, real activity, and the financial markets. The fundamental principles are applied to the analysis and the interactions of the bond, the stock, and the money markets. The analysis of the conduct of optimal monetary policy will be developed in the context of a New Keynesian economic model. Recent examples and challenges of monetary policy conduct will be discussed with the help of the theoretical tools developed in the unit.
Outcomes
The learning goals associated with this unit are to:
- principal issues in contemporary monetary theory and policy
- nature and functions of the monetary system in a developed economy
- factors governing the relationship between monetary forces and economic activity
- principles, techniques and problems of implementing monetary policies;
- current controversies in monetary policy.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3670 - Economics of developing countries
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces the student to topics and concepts that are of relevance in the context of economic development. The focus of this unit is on applying tools in economics in analysing important issues in development. The emphasis in the lectures will be on the methodology that one adopts to study key issues in the area of development. The approach will be both analytical and empirical with equal emphasis on both. A project that will be an important part of the assessment in the unit is designed to allow the student to go into a chosen topic in greater depth than can be covered in the lectures or, in some cases, not covered at all.
Outcomes
The learning goals associated with this unit are to:
- apply rigorous economic analysis in studying key issues in development economics
- apply new analytical frameworks and new areas in development where economic analysis can be used
- discuss the use of econometric and other empirical methodologies for assessing the relevance of economic models
- develop meaningful questions with deep policy significance in the area of development
- demonstrate confidence in applying relevant microeconomic or macroeconomic techniques to key issues in developing countries; use (where appropriate) econometric and other methodologies to analyse data sets from developing countries to address key policy questions; and critically read specialist articles in development economics.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3690 - International economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Christis Tombazos
Coordinator(s)
Associate Professor Christis Tombazos
Unit guides
Synopsis
Investigation of economic interaction between countries in the context of international exchanges of commodities and assets. Topics include the balance of payments, nominal and real exchange rate determination, international capital movements, foreign debt, structural reform and adjustment policies in the open economy, the gains from international trade, inter-industry trade, tariff policies.
Outcomes
The learning goals associated with this unit are to:
- essential features of international trade and asset exchanges
- effects of international commodity and capital flows, and of protectionist policies, on domestic economic welfare and other objectives; the foreign exchange market and the specific roles of exchange rates in asset markets and commodity markets
- implications of international interdependence for the conduct of national stabilisation policies and thus be able to form factual assessments and constructive criticism of public policy and debate concerning open economy issues.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3710 - Labour economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces various theoretical models of the labour market with a focus on policy-related issues. The unit examines neo-classical explanation of labour supply and demand decisions and addresses how well those theories explain observed patterns in the data. In this unit we shall examine employers' incentives and behaviour that determine the labour demand curve, the interaction between wages, income, and the decision to work, the relationship between wages and undesirable job characteristics, and the incentives for and the effects of educational and training investments and contemporary issues such as labour mobility, discrimination and income inequality.
Outcomes
The learning goals associated with this unit are to:
- understand employers' incentives and behaviour that determine the labour demand curve, implications of minimum wage laws, and effects of technological change on labour demand
- build conceptual frameworks to analyse various aspects of workers' labour supply behaviour such as whether to work for pay as opposed to consuming leisure or working at home without pay, the choice of occupations with different characteristics, workers' decisions to invest in human capital and other investments designed to improve their earning capabilities, and various policy applications that affect workers' choice between work and leisure
- examine contemporary issues such as labour mobility, labour market discrimination and income inequality.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3800 - History of economic thought
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit covers the thought of the greatest minds in the history of the discipline of economics. Its main organising principle is the question: "what is the economic problem?" This unit organises the history of thought around two widely different answers. First, the classical economists starting with Smith, Malthus, Ricardo, and culminating with Marx, argue that the economic problem is about the production of surplus. Second, the neoclassical economists starting in 1872 with the writings of Jevons, Walras, and Menger, argue that the economic problem is about the efficient allocation of resources among competing ends. In addition, this unit covers issues related to the philosophy of science, moral theory, the limits of natural resources, social contract theory of the state, modernism, utilitarianism, evolutionary biology, and a secondary question that has been raised by Say's law and questioned by Keynes: is the market system stable?
Outcomes
The learning goals associated with this unit are to:
- discuss critically how different economists in the past understood and analysed the economic problem
- compare the work on founders of economics such as Adam Smith, David Ricardo, Thomas Malthus, Stanley Jevons, Karl Marx, Alfred Marshall, and others
- discuss critically diverse theories of value, growth, rent, and decline of economic society
- be familiar with primary sources relating to the major writings that shaped the evolution of economic analysis.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3810 - Public finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The relationship between the public and private sectors is explored from the perspective of both public finance and political economy. Theories of public expenditure and revenue generation are introduced to assess the proper scope of the public sector. Additionally, theories of public choice are presented to examine the effectiveness and decision-making process of the public sector. A project forms a significant part of the assessment in this unit.
Outcomes
The learning goals associated with this unit are to:
- understand the basic economic concepts and principles applied in the public finance area
- analyse specific policy issues in the area of public expenditure and taxation from the perspectives of both traditional public finance and public choice
- critically evaluate contemporary public debate on topics in public finance
- understand the usefulness and limitations of economic analysis in the public finance area
- identify both market failure and government failure and understand the causes of each.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3830 - Industrial organisation and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Industrial organisation (IO) studies firm behaviour and its consequences in settings where the assumption of perfect competition fails, i.e., where we can no longer just think about the intersection of a demand and supply curve. The topics include pricing and marketing strategies that individual firms can use to increase profits (price discrimination, bundling, advertising); the effects of interactions between firms and problems that can arise if they coordinate on anti-competitive strategies (cartels, merger, entry, vertical restraints, exclusive dealing); the design of marketplaces (network effect); and public policy responses to firm behaviour, including antitrust laws and regulation.
Outcomes
The learning goals associated with this unit are to:
- explain the basis for competition and rationale for regulation, and the basis of different theories of regulation
- explain the arguments for and against privatisation
- understand the main features of National Competition Policy in Australia, including its impact on segments of society such as rural Australia
- understand the variety of approaches to competition policies from the international perspective
- critically evaluate attempts to increase competition in particular industries, such as aviation, electricity, telecommunications and other relevant industries, where there are ongoing reforms.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3840 - Mathematical economics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit will cover the main mathematical concepts and techniques used in economics. Applications in microeconomics and macroeconomics will be discussed. The emphasis will be on explaining the different ways in which the notions of equilibrium and optimality are used in economics.
Outcomes
The learning goals associated with this unit are to:
- develop the ability to read and understand the mathematics used in economics
- develop the ability to formulate an economic question as a mathematical problem
- learn to apply basic optimisation techniques.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC3860 - Integrated economic modelling
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
The aim of this unit is to enable students to understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development, and to enable them to design and undertake integrated modelling exercises for themselves. A complex systems science perspective will be adopted, introducing Agent-Based Modelling (ABM) as a flexible and powerful tool for exploring solutions to complex real-world problems. The ABM approach will be demonstrated and critically assessed through several interdisciplinary, integrated economy/sustainability models. Additionally, a flexible ABM modelling platform (NetLogo) will be introduced and demonstrated.
Outcomes
The learning goals associated with this unit are for students to:
- understand some of the complexities of interdisciplinary policy problems, particularly in the areas of sustainable development
- comprehend and critically assess the complex systems perspective
- critically evaluate agent-based models and their outputs
- develop and analyse an agent-based model of an integrated modelling problem
- undertake verification, validation, evaluation and assessment of integrated modelling outputs
- apply integrated modelling approaches to real-world interdisciplinary economic problems.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4500 - Long-run economic change
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
This unit will introduce students to the field of long-run economic growth and performance. Two key questions are addressed: why do certain economies persistently perform more successfully than others, and how is leadership in the global economy achieved and maintained? Students completing this unit will be able to explain and describe the pattern of long-term economic growth, leadership and decline in the world economy since the industrial revolution; evaluate the role of culture, institutions and the environment in economic change; and apply the methods of historical economics to contemporary economic debates.
Outcomes
The learning goals associated with this unit are to:
- evaluate critically contrasting views about the determinants of long-run economic change
- analyse the processes of long-term economic growth and decline
- analyse a variety of different approaches, including the historical and institutional, that can be used to supplement traditional economic analysis and policy making
- explain and analyse the main issues and debates in the field of historical economics
- explain and describe the main contours of the development of the world economy
- better contextualize and analyse contemporary economic events.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4650 - Microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Zhijun Chen
Coordinator(s)
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are:
- upgrade students' analytical tools for advanced microeconomics
- obtain in-depth understanding of the key ideas in microeconomic theory
- gain the ability to apply microeconomics to the analysis of a range of economic issues
- prepare students to undertake other fourth-year units and further studies in economics.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4660 - Macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit covers recent developments in macroeconomics and includes a mix of theory and applications. It emphasises on the importance of rigorous microfoundations in constructing macro models. The main theories to be covered may include neoclassical growth model, e.g. Solow, overlapping generations models, representative agent models and endogenous growth models. Moreover, this unit may look at monetary and fiscal policies as well as real business cycle theory and intertemporal open economy models.
Outcomes
The learning goals associated with this unit are to:
- be aware of major recent developments in the field of macroeconomics
- have a basic understanding of the concepts and techniques of macroeconomic forecasting using an applied general equilibrium (AGE) model
- be aware of the major developments in the field of macroeconomics in the last ten years
- be familiar with different macroeconomic models used for policy making and their points of emphasis
- be able to make judicious policy predictions and undertake independent research studies in the unit.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4670 - Economic development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- understanding the economic, social and behavioural implications of poverty and underdevelopment
- understand the notion and implications of market failure in developing countries and examine possible solutions to addressing such market failure
- understand the implications of gender discrimination and the policy responses to address such biases in developing countries
- understand the political economy of developing countries, including efficient ways of targeting disadvantaged groups in the society.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4690 - International trade
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Christis Tombazos
Coordinator(s)
Associate Professor Christis Tombazos
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- be able to analyse the effects of international trade on real income and its distribution in various market structures
- have a sound understanding of the allocation and welfare effects of commercial policies
- possess the skills necessary to evaluate critically contemporary innovations in Australia's trade policies.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4720 - Law and economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Professor Peter Forsyth
(First semester)
Professor Russell Smyth
(Second semester)
Coordinator(s)
Not offered in 2019
Co-requisites
Students must be enrolled in course B3701.
Prohibitions
ECX5472
Synopsis
The unit applies the method of economics to the analysis of the law itself - to the structure of the common law, legal processes, legal institutions and statutory regulation, and to the impact of law on the behaviour of individuals and groups and the functioning of the economy. Topics include: is there a role for law and economics in studying the law, economics of crime and capital punishment, punitive damages, interest group theories of judicial independence and the determinants of judicial influence and prestige.
Outcomes
The learning goals associated with this unit are to:
- understand the two-way interrelationships between law and economics
- evaluate the key role of laws in setting the institutional framework in which economic decisions are taken and to critically evaluate current and proposed laws as determinants of economic performance
- critically assess the responses of households and business enterprises to current and alternative laws.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4810 - Public economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Vai-Lam Mui
Coordinator(s)
Associate Professor Vai-Lam Mui
Unit guides
Synopsis
This unit examines how collective decisions affect the welfare of a society. It will first discuss how free-riding and coordination problems in collective decision making by the citizens, and incentive and credibility problems in the public sector, determine economic policies. It then applies this incentive approach to study how various kinds of interactions between citizens and their government determine social welfare, paying special attention to the importance of voting; political competition; distributional conflicts and institutions in determining collective decision making.
Outcomes
The learning goals associated with this unit are to:
- analyse important issues pertinent to collective decision making by the citizens and the functioning of the public sector
- understand how to investigate the role of voting, interest groups, political competition, and distributional conflicts in affecting public policies
- develop a deeper understanding of the role of the state in affecting economic performance and social welfare, with an emphasis on the role of the institutional environment and strategic interactions between citizens and politicians in shaping government behaviour.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4830 - Welfare economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Elias Khalil
Coordinator(s)
Associate Professor Elias Khalil
Unit guides
Synopsis
A study of theories in welfare economics, including conditions for Pareto optimality, welfare criteria, social choice, consumer surpluses, second versus third best, externalities and public goods as well as problems of applying these theories to such areas as public utility pricing, optimal taxation, road congestion, environmental protection, and public spending.
Outcomes
The learning goals associated with this unit are to:
- understand the welfare economic foundation of public policies
- analyse the pros and cons, costs and benefits of economic measures and changes from the perspective of social welfare.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4840 - Industrial organisation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Theories of the firm, contract, property rights structure, market structure, hierarchy, bargaining, principal-agent relationship, research and development, advertising, and entry, exit, and pricing strategy. The equilibrium implications of the internal organisation of a firm and the organisational structure of the market in relation to strategic interactions between agents, information problems and related incentive mechanisms. Basic game theory and concepts of game equilibrium applied to the analysis of opportunistic behaviour and related transactions costs.
Outcomes
The learning goals associated with this unit are to:
- be familiar with the modern developments of the theory of industrial organisation
- enhance their knowledge of intermediate microeconomics by incorporating information and endogenous transaction costs into analysis
- undertake theoretical and empirical research in the field of industrial organisation.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECC4860 - Honours research project
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Vinod Mishra
Coordinator(s)
Associate Professor Vinod Mishra
Professor Russell Smyth
Unit guides
Prerequisites
Admission to fourth year honours, Graduate Diploma in Economics or preliminary masters in the Departments of Economics, Econometrics or Accounting and Finance
Synopsis
Students select a preferred topic on which to conduct original research after consulting with the coordinator and supervisors. During the year students participate in research workshops, propose the research plan in written and oral form, conduct research, give a final presentation of the research findings, act as a reviewer of other students' research, submit their own final research paper, and are expected to engage in discussion of other students' presentations.
Outcomes
The learning goals associated with this unit are to:
- gain the necessary analytical, communication, creative, critical thinking and technical research skills and apply them to ask and answer a research question that has significant theoretical or policy implications
- demonstrate the ability to analyse, comment, evaluate, discuss, and communicate research outcomes in written and oral form in a professional manner
- demonstrate the application of knowledge and skills with high level personal autonomy and accountability.
Assessment
Within semester assessment: 100%
Workload requirements
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
ECF1100 - Microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Wayne Geerling
(First semester)
Dr George Rivers
(Second semester)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Wayne Geerling
(First semester)
Dr George Rivers
(Second semester)
Dr Ying Zhou
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
Economics as an area of knowledge. Economics in a business degree. Understanding economic policy. An analysis of markets: supply and demand; consumer behaviour; firm behaviour; cost of production and profit maximisation; behaviour of firms in different market structures; evaluation of market capitalist economic systems, economic efficiency, market failure, government failure; current economic policies, competition policy, privatisation and the funding of education.
Outcomes
The learning goals associated with this unit are to:
- understand the economic behaviour of individual consumers and producers
- understand concepts relating to the cost of production in both the short and long run
- explain the determinants of price and output outcomes under different market structures in both the short and long run and the welfare implications of these outcomes
- describe the virtues and shortcomings of free markets and how the regulatory and political environments impact on business
- understand how economic policies can be used to overcome market failure.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF1200 - Macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Kris Ivanovski
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Kris Ivanovski
(Caulfield)
Dr Vijay Mohan
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit uses aggregate demand and supply analysis as a tool for identifying and explaining the business cycle, output growth employment, inflation and the current account deficit. The investigation will illustrate the impact of the macroeconomy on decisions by firms and other economic agents in the economy and the effect of fiscal and monetary policies on business outcomes. Key strategic variables affecting decision making in the macro business environment are interest rates, inflation and the Australian dollar.
Outcomes
The learning goals associated with this unit are to:
- understand and evaluate the importance of factors that determine aggregate output, unemployment, interest rates, inflation and the exchange rate
- appreciate the influence of macroeconomic conditions on decision making in government, business and international trade
- analyse and critically evaluate policies designed to affect individual behaviour and aggregate outcomes.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF2331 - Macroeconomic and monetary policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Ayushi Bajaj
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Ayushi Bajaj
(Caulfield)
Dr Thandinkosi Ndhlela
(Trimester A)
Dr Ying Zhou
(Trimester B & C)
Unit guides
Offered
- First semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
Synopsis
This unit examines the scope for policy to improve macroeconomic performance. It will cover: the cyclical behaviour of the economy; the role of monetary, fiscal and exchange rate policies in influencing economic activities; the implementation and operation of monetary policy; the relationship of exchange rates to monetary policy.
Outcomes
The learning goals associated with this unit are to:
- understand the importance of distinguishing between the short-run and long-run impacts of macroeconomic policy
- understand the importance of and the differences between monetary, fiscal, and exchange rate policies
- be able to critically assess macroeconomic policy
- understand the implementation and operation of monetary policy.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF2550 - Business in Asia
6 points, SCA Band 1, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
The recent economic and social development of selected Asian countries, especially the role of the business sector. Topics include entrepreneurship; technological change; the dynamics of comparative advantage; import substitution versus export-oriented industrial growth; the development state; the stages of business growth.
Outcomes
The learning goals associated with this unit are to:
- have critically examined the major hypothesis advanced to explain the dynamics of growth and change in selected Asian economies
- appreciate the main characteristics of the business environment in the selected countries, including business institutions and business practices
- understand the role of government and the market as allocators of resources and engines of development
- develop analytical, written and oral skills by writing a research essay and participating in tutorial discussions.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF2721 - Trade finance and foreign exchange
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Horag Choi
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Horag Choi
(Caulfield)
Dr Ying Zhou
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
Synopsis
This unit focuses on the topics of international finance and trade. This includes the importance of international finance, the determination of exchange rates, foreign investment, parity conditions, hedging and speculation in foreign exchange markets, foreign exchange markets-spot, forward, futures and options markets, the balance of payments accounts and the effect of macroeconomic policies on trade balance.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of foreign exchange markets
- understand the key factors that influence international financial markets
- analyse and evaluate the benefits and disadvantages of the various exchange rate systems
- understand the concept of payments among nations and macroeconomic policies
- understand and analyse the interactions among the foreign exchange rate, trades, and macroeconomic policies.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF2731 - Managerial economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Students will deepen their knowledge of the differing views of the firm. Topics include: the firm within a capitalist economic system; the macroeconomic constraints on the firm; the market structural constraints on the firm; differing perspectives of the firm - the conventional economic, technological view, the accounting, management and marketing views, the recent transaction costs and new classical view; how these different areas explain current issues such as downsizing and electronic commerce.
Outcomes
The learning goals associated with this unit are to:
- analyse decision-making by individual consumers and producers
- understand decision making in game-theoretic set ups
- understand and explain the relevant factors behind risk analysis and risk management
- analyse production and cost decisions
- analyse and critically evaluate policies designed to affect individual behaviour and market outcomes.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF3120 - Consumer economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor He-ling Shi
Coordinator(s)
Associate Professor He-ling Shi
Unit guides
Synopsis
This unit introduces economic principles underlying consumer choice and market demand; describing consumer preferences, indifference curves and budget constraints, with particular emphasis on the role of prices as conveyors of information. It introduces economic tools and concepts for the analyses of consumption choices over time, under uncertainty and/or with risk, and in markets with asymmetric information. Other topics include work-leisure choice, wage changes and the supply of labour, and the provision of public goods and environmental goods. An examination of observed economic and social outcomes from the point of view of various normative criteria completes the coverage.
Outcomes
The learning goals associated with this unit are to:
- understand economic models of household consumption which explain the allocation of resources over a variety of goods
- understand the allocation of income between savings and consumption, and the allocation of expenditures over the life cycle
- analyse data on household expenditure patterns
- understand the role of government over consumer protection
- analyse the role and impact of e-commerce on the way consumers choose in the marketplace.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF3121 - Economics of international trade
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The pure theory of international trade. Trade and income distribution, economic growth and changes in trade, bases for trade and gains from trade. Trade policy. Tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. Trade policies in developing nations. The foreign exchange market and its impact on international trade. Models of currency crisis.
Outcomes
The learning goals associated with this unit are to:
- provide an introduction to the microeconomic and macroeconomic theory underlying the discipline of international economics
- provide an awareness of the "open" economy
- provide a broad knowledge of foreign exchange markets and their role in international trade
- understand contemporary policy debates in the area of international trade.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF3143 - Economics of money and banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is designed to analyse the effect of money on the key economic variables such as interest rates, inflation, output and the workings of the banking sector. In addition, we will also examine the roles commerical banks and the central bank play in the process of money creation and implementation of monetary policies. The unit also teaches an economic approach to interpret today's information and policy decisions that can help you to predict future events and the effects those events can have on your own decisions.
Outcomes
The learning goals associated with this unit are to:
- develop a knowledge of the theoretical structure of an open economy with particular emphasis on monetary policy formulation and implementation
- acquire an understanding of the institutional structure of the banking system
- develop skills in analysis and prediction for the key economic variables when the economy is faced with internal and external market shocks
- be able to use an economic model to analyse policy measures.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECF3900 - Business, competition and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, deregulation and privatisation.
Outcomes
The learning goals associated with this unit are to:
- understand the concepts used in the economic analysis of business and the policy framework within which business operates
- understand performance, structure and behaviour of different businesses in any market
- apply models of behaviour to specific cases
- analyse different structures of businesses in detail, identifying major policies which might affect their performance and conduct.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECM2001 - Asia in the world economy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Coordinator(s)
Unit guides
Synopsis
This unit is designed for undergraduates to develop a solid grounding in the principles of how Asia is integrated in the world economy. The unit provides an in-depth understanding of the theory and concepts to explain the economic development in Asia and its integration into the global market. The topics include: planning processes; trade and investment policies in the climate of mega-regional trade deals; regional economic integration; structural reforms; trade and resource flows; and the participation of Asian countries in the global economic governance. The learning material is presented in ways, so that students learn to connect theory to existing evidence. The syllabus also provides an overall perspective on how the sub-regional and local economic development programs are evolving in response to a global economic and climate challenges.
Outcomes
The learning goals associated with this unit are to:
- learn the economic theories and issues in the context of Asian economies
- understand the challenges and opportunities that arise within the context of Asian economies as an integral part of the world economy
- critically evaluate the competing explanations of the evolution of the Asian economic landscape
- analyse and understand the framework for contemporary debates related to Asian economic policies
- understand the geography of uneven development in Asia and explore the implications for designing and implementing regional policies in response to a globalised world.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECM2360 - Environmental and natural resource economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit applies basic intermediate microeconomic principles to local, regional, and global environmental and natural resource management, such as river water pollution, air pollution and climate change. It provides an in-depth understanding of the theory and concepts underlying how economic and business activities affect environmental and natural resource management issues. It also includes discussion of the inverse relationship between these phenomena - how environmental and resource management concerns affect economic development - as well as how they complement each other without compromising their sustainable association.
Outcomes
The learning goals associated with this unit are to:
- identify differences between conventional goods allocated efficiently and environmental commodities allocated inefficiently
- explain why traditional economics fails to deal with market failures
- understand cost-benefit measurements of changes in environmental quality
- understand policy instruments available to achieve the optimal level of pollution and the strengths and weaknesses of policy alternatives.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECM3670 - Development economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit focuses on broad topics, including industrialisation, sectoral shifts in employment, urbanisation, education and health in developing and middle income countries. Students will acquire a deeper and more structured understanding of trends in the region and will also be able to better evaluate remaining differences in development between developing and middle-income nations in Asia and the rich countries that are the main focus of their economics textbooks. The unit will assist students with their preparation for employment by companies that operate in developing and middle-income nations.
Outcomes
The learning goals associated with this unit are to:
- appreciate the principal differences in the social and business environment between developing and fully developed economies
- understand trends in urbanisation, sectorial shifts in employment in developing and middle-income countries in Asia
- achieve some insight in cultural trends into poor and middle income countries and be able to better evaluate cultural differences between developing and fully developed nations
- get a sense of the challenges for the political systems in poor and middle-income countries and in governance trends in these countries in Asia.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECM3810 - Public sector economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit explains how the Malaysian government operates in comparison with governments in other developed and developing countries. Main topics are: (a) welfare economics (mixed economies and the extent to which they can be met by private markets; role of government in redistributing income; various modes of privatisation, public-private sector partnerships; role and performance of state-owned enterprises); (b) government budget expenditure (welfare economics, provision of public goods and externalities, emphasising environmental issues, income distribution, social insurance and cost-benefit analysis); (c) taxation (emphasis on constructing a theoretical framework for considering tax policy; how taxes should be levied to enhance economic efficiency and promote a fair distribution of income).
Outcomes
The learning goals associated with this unit are to:
- apply the theory and issues related to welfare economics
- analyse the rationale for government intervention in the economy and of the extent of that intervention
- draw connections among different policy issues in the area of public expenditure and taxation from the perspectives of both public finance and public choice
- evaluate a framework for taxation which enhances economic efficiency and promotes a fairer distribution of income
- critically appraise the usefulness and limitations of economic analysis in the public finance area.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS1101 - Introductory microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
An introduction to the study of economics; consumer behaviour; demand and supply and the operation of markets; market efficiency and welfare; welfare effects of international trade; public sector economics; the behaviour of firms and the organisation of an industry; market structures - perfect competition and monopoly; economies of the labour market.
Outcomes
The learning goals associated with this unit are to:
- understand the theoretical foundations of economics
- understand generic skills essential for progression to upper level units by applying rigorous thinking and understanding to analytical geometric models
- appreciate economics as an evolutionary science and its ability to address, in a microeconomic framework, the persistent social and economic problems confronted by society
- demonstrate in individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in this unit.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS1102 - Introductory macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
An introduction to the study of economics from a macroeconomic perspective including the following areas of study: trade in a global village, GDP as National Income and Aggregate Expenditure, savings and investment, unemployment, money and the South African monetary system, aggregate demand and supply in the short and long run, monetary and fiscal policy, including the related debates in South Africa as an open economy and as a major economy in Africa.
Outcomes
The learning goals associated with this unit are to:
- gain an insight into the product, money, labour and foreign exchange markets
- develop skills in the application of economic principles to wider social issues
- gain knowledge and understanding of the South African and African economies and their operation in an international environment
- acquire the basis for more advanced studies in economics
- demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS2141 - Economics of labour markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics include the supply of and the demand for labour, education and training, the operation of labour markets, including the role of institutions in the labour market, wage relativities, disadvantaged groups in the labour market, and the role of trade unions. Also included is a study of the macroeconomic implications of wage changes and a consideration of wages policy. Special attention is given to current labour market conditions in South Africa and the broader African continent.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of labour markets by drawing on basic economic principle
- think critically about the implications of labour market activity for society
- recognise the issues involved in labour market activities through a consideration of issues such as unemployment and labour market disadvantage
- apply analytical skills developed through an analysis of continuing change in the labour market and labour market policy in South Africa and the broader African continent.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS2730 - Intermediate macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
Synopsis
Measuring and interpreting macroeconomic data; consumption and investment decisions; analysis of the real exchange rate and trade balance; assets price movements; different international monetary systems; the economic benefits and costs of optimum currency areas; IS-LM mode; AD-AS model; how policy-makers in South Africa and the broader African continent try to stablise the economy.
Outcomes
The learning goals associated with this unit are to:
- demonstrate the impact of monetary and government policies on an open economy using the IS-LM model and AD-AS model
- explain the policy consequences of consumption and investment decisions
- explain how policies affect the trade balance and income
- analyse policy responses to assets price movements
- evaluate the economic benefits and costs of optimum currency areas.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS2731 - Intermediate microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
This unit reviews the contemporary microeconomic principles. Consumer and producer theory focusing on individual consumers and firms, market processes, demand patterns, cost structures, market conditions, pricing policies, and the impact of regulation on business decisions are discussed. Cases and problems from the prescribed text, South African media, and online resources illustrate how economic concepts can be applied to specific industries. Analytical techniques and quantitative tools link the concepts to measurement and decision-making.
Outcomes
The learning goals associated with this unit are to:
- understand how markets work
- understand how customers value products
- understand which production and cost measures are relevant for decision making
- understand how competition affects business decisions on investment, production, and pricing in different market structures
- understand how changes in foreign exchange rates, technology, incomes, government regulations, sources of energy, the balance of payments impact on decision making.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS3121 - Economics of international trade
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
The pure theory of international trade. Trade and income distribution, economic growth and changes in trade, bases for trade and gains from trade. Trade policy. Tariffs, quotas, subsidies, import discrimination and other national policies affecting trade. The foreign exchange market. Determination of exchange rates, the balance of payments, modern foreign exchange policies and the threat of unstable exchange rates. Regional trade agreements.
Outcomes
The learning goals associated with this unit are to:
- draw upon skills developed in micro and macroeconomics to enable students to understand and critically evaluate contemporary policy debates in international trade and finance
- develop the ability to use powerful analytical tools to predict the impact of global economic, political and social policies on South Africa as a small open economy, as well as the broader African continent
- recognise the positive welfare effects of worldwide unrestricted trade.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS3143 - Economics of money and banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
The concept of money, the financial system and financial intermediation, the nature and roles of the Reserve Bank, banks and non-bank financial institutions. The role and interaction of financial markets and the determination of interest rates, foreign exchange markets and the determination of exchange rates, the interaction between foreign exchange and money markets and implication for policy.
Outcomes
The learning goals associated with this unit are to:
- develop a knowledge of the theoretical structure of an open economy with particular emphasis on monetary policy formulation and implementation
- develop skills in analysis and prediction for the key economic variables when the economy is faced with internal and external market shocks
- be able to use an economic model that allows for competitive international capital markets and floating exchange rates to analyse policy measures.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS3567 - Development economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics include measuring growth and development; theories of economic growth and development; poverty, inequality and human capital; saving, investment and capital flows; production and trade; the role of the state; and policy measures. Country specific research will relate to sources of the World Bank, United Nations Development Program, IMF, etc.
Outcomes
The learning goals associated with this unit are to:
- define and describe the concepts and debates in the field of development economics
- interpret various development indicators
- explain growth and development theories
- argue about the role of resources in economic development
- evaluate development policies in a country specific context.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECS3830 - Competition and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
Synopsis
This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects horizontal and vertical relationships in business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from a South African and international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, consumer protection and licensing, deregulation, privatisation and nationalisation.
Outcomes
The learning goals associated with this unit are to:
- recognise differences in market structures and understand how those differences affect firms' competitive behaviour and performance
- understand how and why competition causes changes in market structures by way of mergers, acquisitions, vertical integration and diversification
- explain the economic rationale for competitive weapons utilised by business in contemporary competitive environment, such as barriers to entry, pricing and advertising strategies, product differentiation, and innovation
- explain the rationale for regulation and merits of different theories of regulation
- explain the arguments for and against privatisation
- understand the main features of national competition policies in South Africa and other African nations compared to international experience
- critically evaluate attempts to affect competition in particular industries, e.g. electricity and telecommunications.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW1101 - Introductory microeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Nourin Shabnam
(October intake)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- October intake 2019 (On-campus)
Synopsis
An introduction to the study of economics; consumer behaviour; demand and supply and the operation of markets; market efficiency and welfare; welfare effects of international trade; public sector economics; the behaviour of firms and the organisation of an industry; market structures -- perfect competition and monopoly; economies of the labour market.
Outcomes
The learning goals associated with this unit are to:
- understand the theoretical foundations of economics
- understand generic skills essential for progression to upper level units by applying rigorous thinking and understanding to analytical geometric models
- appreciate economics as an evolutionary science and its ability to address, in a microeconomic framework, the persistent social and economic problems confronted by society
- demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in this unit.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW1102 - Introductory macroeconomics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Ashutosh Sarker
(First semester)
Dr Grace Lee Hooi
(Second semester)
Coordinator(s)
Dr Ashutosh Sarker
(First semester)
Dr Grace Lee Hooi
(Second semester)
Unit guides
Synopsis
An introduction to the study of economics from a macroeconomic perspective including the following areas of study: trade in a global village, GDP as National Income and Aggregate Expenditure, savings and investment, unemployment, money and the Australian monetary system, aggregate demand and supply in the short and long run, monetary and fiscal policy including the related debates and in particular Australia as an open economy.
Outcomes
The learning goals associated with this unit are to:
- gain an insight into the product, money, labour and foreign exchange markets
- develop skills in the application of economic principles to wider social issues
- gain knowledge and understanding of the Australian economy and its operation in an international environment
- acquire the basis for more advanced studies in economics
- demonstrate in individual summative assessment tasks the acquisition of a comprehensive understanding of the topics covered in ECW1102.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW2141 - Economics of labour markets
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics include the supply of and the demand for labour, education and training, the operation of labour markets, including the role of institutions in the labour market, wage relativities, disadvantaged groups in the labour market, and the role of trade unions. Also included is a study of the macroeconomic implications of wage changes and a consideration of wages policy. Special attention is given to the current labour market conditions.
Outcomes
The learning goals associated with this unit are to:
- understand the operation of labour markets by drawing on basic economic principle
- think critically about the implications of labour market activity for society
- recognise the issues involved in labour market activities through a consideration of issues such as unemployment and labour market disadvantage
- apply analytical skills developed through an analysis of continuing change in the labour market and labour market policy.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW2721 - Trade finance and foreign exchange
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Poon Wai Ching
Coordinator(s)
Associate Professor Poon Wai Ching
Unit guides
Synopsis
This unit focuses on the topics of international trade, finance and foreign exchange. This includes the balance of payments, the operation of foreign exchange markets, and the exchange rates, and alternative exchange rate systems, foreign exchange risks, exchange rate determination, and international monetary system in the open-economy macroeconomics.
Outcomes
The learning goals associated with this unit are to:
- understand payments among nations and the monetary approach to the Balance of Payments
- study the operation of foreign exchange markets and alternative exchange rate systems
- acquire essential skills for managing foreign exchange risk
- learn macroeconomic adjustment mechanism with different exchange rate systems
- demonstrate in the assessment task the acquisition of a comprehensive understanding of the topics covered in this unit.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW2730 - Macroeconomic policy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Macroeconomic policy as it affects the open economy; policy consequences of consumption and investment decisions; analysis of policies with respect to the real exchange rate and trade balance; policy responses to assets price movements; policy goals under different international monetary systems; the economic benefits and costs of optimum currency areas; how policy-makers in Australia try to stabilise the economy.
Outcomes
The learning goals associated with this unit are to:
- understand the impact of monetary and government policies on an open economy
- explain the policy consequences of consumption and investment decisions
- explain how policies affect the trade balance and income
- analyse policy responses to assets price movements
- evaluate the economic benefits and costs of optimum currency areas.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW2731 - Managerial economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This subject reviews the contemporary microeconomic principles in the context most relevant to business people. Market processes, demand patterns, cost structures, market conditions, pricing policies, and the impact of regulation on business decisions are discussed. Cases and problems from the prescribed text, Australian media, and online resources illustrate how economic concepts can be applied to specific industries. Analytical techniques and quantitative tools link the concepts to measurement and managerial decision-making.
Outcomes
The learning goals associated with this unit are to:
- understand how do markets work
- understand how do customers value products
- understand which production and cost measures are relevant for decision making
- understand how does competition affect business decisions on investment, production, and pricing in different market structures
- understand how important to managerial and marketing decisions are changes in foreign exchange rates, technology, incomes, government regulations, sources of energy, the balance of payments.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW3143 - Economics of money and banking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is designed to analyse the effect of money on key economic variables such as interest rates, inflation, output, and on the workings of the banking sector. In addition, the unit examines the roles played by Commercial Banks and the Central Bank in the process of money creation and the implementation of monetary policy. The unit uses an economic approach to allow analysis of policy decisions.
Outcomes
The learning goals associated with this unit are to:
- develop a knowledge of the theoretical structure of an open economy with particular emphasis on monetary policy formulation and implementation
- develop skills in analysis and prediction for the key economic variables when the economy is faced with internal and external market shocks
- be able to use an economic model that allows for competitive international capital markets and floating exchange rates to analyse policy measures.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW3301 - Case studies in international trade
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Students will deepen their knowledge of Asia's traditional and emerging trading partners through lectures and relevant articles; case studies of particular countries covering economic, legal and financial aspects, will be undertaken in depth; the relative merits of protectionism and free trade as well as the latest developments in the world trading system will also be considered.
Outcomes
The learning goals associated with this unit are to:
- evaluate Asia's traditional and emerging trading partners
- analyse the process of international trade, the parties involved and their functions
- be able to form factual assessment and constructive criticism of public policy and debate concerning open economy issues
- analyse the recent developments in the world trading system
- acquire knowledge of the application of the case study method of study.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECW3830 - Business, competition and regulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit considers market structures, conduct and performance from the business perspective; economic policy as it affects business, particularly in relation to its dealings with consumers; the variety of approaches to competition and regulation policies from the international perspective; analysis of policies with respect to prices, monopolies, oligopolies and mergers, exclusive dealing, consumer protection and licensing, deregulation and privatisation.
Outcomes
The learning goals associated with this unit are to:
- recognise differences in market structures and understand how those differences affect firms' competitive behaviour and performance
- understand how and why competition causes changes in market structures by way of mergers, acquisitions, vertical integration and diversification
- explain the economic rationale for competitive weapons utilised by business in contemporary competitive environment, such as barriers to entry, pricing and advertising strategies, product differentiation, and innovation
- explain the rationale for regulation and merits of different theories of regulation.
- explain the arguments for and against privatisation
- understand the main features of national competition policies in the countries of particular interest to Monash University in Australia and overseas
- critically evaluate attempts to increase competition in particular industries, e.g. aviation, electricity and telecommunications, where there are ongoing reforms.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ECX3550 - Business in Asia
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor He-Ling Shi
(Summer semester A)
Dr Anupama Sethi
(Second semester)
Professor Mark Crosby
(City)
Professor Gamini Herath
(Malaysia)
Coordinator(s)
Mr Syed Shah
(City)
Unit guides
Offered
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
- Trimester C 2019 (On-campus)
- Second semester 2019 (On-campus)
Synopsis
This unit studies recent economic developments of selected Asian countries. Topics include: theories of economic growth; economic freedom and economic development; entrepreneurship and economic transformation in Hong Kong; the role of industrial policy in Japanese post-war economic performance; economic reforms in China and India; and the 1997 Asian financial crisis.
Outcomes
The learning goals associated with this unit are to:
- have critically examined the major hypothesis advanced to explain the dynamics of growth and change in selected Asian economies
- appreciate the main characteristics of the business environment in the selected countries, including business institutions and business practices
- understand the role of government and the market as allocators of resources and engines of development
- develop their analytical, written and oral skills by writing a long essay and delivering a tutorial paper.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETB1100 - Business statistics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Ms Geraldine Roberts
(Second semester)
Unit guides
Synopsis
Introduction to spreadsheeting. Descriptive statistics. Elementary probability. Discrete and continuous probability distributions. Statistical inference. Simple linear regression and correlation. Forecasting and time series. Index numbers.
Outcomes
The learning goals associated with this unit are to:
- interpret business data using descriptive statistics techniques, including the use of spreadsheet functions
- apply simple concepts of probability and probability distributions to problems in business decision-making
- describe the role of statistical inference and applying inference methods to single population means
- evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression
- apply time series techniques of indexing, deflating, and forecasting to business and financial series, and interpreting the results.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETB2111 - Business data modelling
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Professor George Athanasopoulos
Coordinator(s)
Professor George Athanasopoulos
Unit guides
Synopsis
Sampling designs and inference; confidence limits and tests on means, proportion, differences. Cross tabulation, with chi square. Simple and multiple linear regression: regression with non-linear terms; regression with dummy variables. Introduction to analysis of variance. Uses Excel.
Outcomes
The learning goals associated with this unit are to:
- choose and apply an appropriate sampling design
- understand and interpret confidence intervals and hypothesis tests for means, proportions and variances, and be able to identify significant differences
- understand and conduct regression analyses to interpret and communicate the business value of the results
- understand and conduct one way analysis of variance in business problems
- understand the concept and application of Chi-square test for independence between business variables.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC1000 - Business and economic statistics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Presentation and analysis of grouped and ungrouped data using tables, charts and measures of location and dispersion; standardisation techniques, including index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression; extensions to multiple regression, including nonlinear and categorical explanatory variables and time series data with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals; fundamentals of hypothesis testing, testing hypotheses about the mean, difference between means and the slope, including analysis of variance.
Outcomes
The learning goals associated with this unit are to:
- interpret business and economic data using tables, charts and descriptive statistics techniques, applying standardisation techniques where appropriate
- describe the concept of a sampling distribution, estimators and their properties
- make inference on single and multiple population means, difference between means and the slope for business and economic decision-making
- interpret and evaluate relationships between variables for business and economic decision-making using simple and multiple linear regression
- apply the main ideas of probability theory to business and economic decision-making.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC1010 - Data modelling and computing
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Introduction to principles and techniques for modelling actuarial, business and economic data. Concepts and practice in taking "data from the wild", reading different formats, tidying, and wrangling it into shape for analysis. Building models and making useful visualisations to achieve effective data-driven decision-making. Learn how to find data to solve problems. Build oral and written communication skills. Hands-on learning, with some team work projects.
Outcomes
The learning goals associated with this unit are to:
- learn to read different data formats, learn about tidy data and wrangling techniques
- apply effective visualisation and modelling to understand relationships between variables, and make decisions with data
- develop communication skills using reproducible reporting.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC2410 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Professor Farshid Vahid-Araghi
(First semester)
Dr Natalia Bailey
(Second Semester)
Coordinator(s)
Professor Farshid Vahid-Araghi
(First semester)
Dr Natalia Bailey
(Second Semester)
Unit guides
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Outcomes
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC2420 - Statistical thinking
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Associate Professor Catherine Forbes
Coordinator(s)
Associate Professor Catherine Forbes
Unit guides
Synopsis
This unit focuses on the tools for a large, digital data world, including the building blocks for business analytics, modern insurance and risk assessment. A computational approach is employed to teach the concepts of statistics, and decision making in the presence of uncertainty. An important aspect will be to develop skills for compiling data from multiple sources to support better decisions and models. Topics covered will include simulation and randomisation methods, decision and credibility theory, data wrangling and visualisation, methods for time series, Bayesian analysis and models for risk and loss distributions.
Outcomes
The learning goals associated with this unit are to:
- use simulation of statistical games to understand decision theory
- learn about statistical distributions, including those used for loss functions
- compile data from various digital sources, handling missing values, clean, transform, visualise and summarise
- understand and explain the basic concepts of Bayesian statistics
- obtain a basic understanding of working with temporal data and time series models
- use randomisation methods to assess uncertainty in relation to hypothesis testing, decision-making, risk assessment and model assessment.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC2430 - Actuarial statistics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must have passed ETC1000 or equivalent or be enrolled in course B6014.
Synopsis
This unit will introduce students to basic financial and stochastic techniques used in actuarial work, and will give an overview of some of the areas in which actuaries are currently involved. The student will be introduced to the basic concepts involved in assessing and pricing future risks and pricing insurance products, using past data.
Outcomes
The learning goals associated with this unit are to:
- introduce actuarial discounting concepts and basic actuarial notation
- introduce statistical techniques in actuarial work
- construct demographic statistics and life tables
- model mortality rates.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC2440 - Mathematics for economics and business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces mathematical techniques that are invaluable tools for econometrics, economics, finance, and business. Topics covered include matrix algebra, linear simultaneous equations and the LU decomposition, eigenvalues and the Schur decomposition, random vectors; optimisation, including the Lagrange multiplier method, partial differentiation, multiple integration, difference and differential equations. Some emphasis will be given to the use of computer programs for performing matrix calculations.
Outcomes
The learning goals associated with this unit are to:
- provide a practical training in basic mathematics needed for the study of econometrics
- examine the calculus of many variables and its application in econometrics and business statistics
- introduce matrix algebra
- provide a training in the use of mathematical software.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC2520 - Probability and statistical inference for economics and business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
ETC1000 or equivalent or be enrolled in course B6001, B6003 or B6014.
Synopsis
An introduction to probability and statistical inference for use in economics and business. Topics covered include random variables, moments and cumulants generating function, discrete and continuous distributions, independence, jointly distributed random variables, conditional random variables, the central limit theorem, sampling distribution, properties of estimators, confidence intervals, tests of hypotheses.
Outcomes
The learning goals associated with this unit are to:
- understand concepts of probability, statistical inference, generating functions and cumulants
- derive and use generating functions to evaluate moments and establish the distribution of linear combinations of independent random variables
- understand and apply the main methods of estimation and the main properties of estimators
- construct confidence intervals for unknown parameters and test hypotheses
- develop written, presentational and group work skills through a series of assessed essays, assignments and tutorial work.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3250 - Business analytics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Business analytics involves uncovering the hidden information in masses of business data using statistical models and algorithms. In this unit, some of the most widely used prediction and classification models will be covered. A suitable software environment for business analytics will be used, and tools for handling large data sets will be introduced.
We will explore the trade-off and distinction between prediction, explanation and interpretation using statistical models. Topics to be covered include numerical optimisation; Monte Carlo simulation; resampling methods such as the bootstrap, cross-validation, and bagging; nonlinear and nonparametric methods such as regression splines, trees and support vector machines; principal components analysis and clustering.
Outcomes
The learning goals associated with this unit are to:
- select and develop appropriate models for clustering, prediction or classification
- estimate and simulate from a variety of statistical models
- measure the uncertainty of a prediction or classification using resampling methods
- apply business analytic tools to produce innovative solutions in finance, marketing, economics and related areas
- manage very large data sets in a modern software environment
- explain and interpret the analyses undertaken clearly and effectively.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3400 - Principles of econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides a formal treatment of the core principles underlying econometric and statistical analysis, with particular focus given to likelihood-based inference. Topics covered include the likelihood principle and maximum likelihood estimation; minimum variance unbiased estimation; maximum likelihood asymptotic distribution theory; likelihood-based hypothesis testing; and quasi-maximum likelihood inference. The theoretical developments are supplemented by numerical results produced using computer simulation. Consideration is also given to the numerical optimisation techniques used to implement likelihood-based procedures in practice.
Outcomes
The learning goals associated with this unit are to:
- consolidate the core principles underlying econometric and statistical analysis
- understand and implement the technique of maximum likelihood estimation and develop an appreciation of the associated asymptotic distribution theory
- understand and implement likelihood-based hypothesis testing and quasi-maximum likelihood inference
- develop the skills needed to demonstrate and explore theoretical sampling properties using computer simulation.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3410 - Applied econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Outcomes
The learning goals associated with this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable
- conduct statistical inference in statistical models with one or more endogenous explanatory variables
- conduct statistical inference in a system of simultaneous equations
- conduct statistical inference on data that has both a time series and a cross section dimension.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3420 - Applied insurance methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
To provide a grounding in the mathematics and statistics of short term insurance risk.
Outcomes
The learning goals associated with this unit are to:
- calculate probabilities and moments of loss distributions both with and without limits and risk-sharing arrangements
- construct risk models involving frequency and severity distributions and calculate the moment generating function and the moments for the risk models both with and without simple reinsurance arrangements
- explain the concept of ruin for a risk model
- describe the fundamental concepts of risk rating and apply them to simple experience rating systems
- describe and apply techniques for analysing a delay (or run-off) triangle and projecting the ultimate position.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3430 - Financial mathematics under uncertainty
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Dr Yi He
(First semester)
Associate Professor Athanasios Pantelous
(Second semester)
Unit guides
Synopsis
Financial mathematics under uncertainty will apply the ideas of interest rates, present values, cash flow modelling and profit testing in the context of certain payments and payments dependent on individual deaths or other uncertain risk. We will also introduce stochastic modelling techniques applied to actuarial and financial contexts.
Students will cover the topics of present values and accumulated values, equations of value, markov modelling, survival models, life tables and contingent products.
Outcomes
The learning goals associated with this unit are to:
- describe and classify stochastic processes including counting processes and understand state and time spaces and mixed processes
- define and apply the Markov Chain and Chapman-Kolmogorov equation; understand the stationary distribution, experience rating systems, time homo and inhomo-geneous Markov Chains and application of such as modelling tools
- define and apply a Markov process. Understand the poisson process as a counting process derive and solve Kolmogorov equations, understand and solve multiple state models including the HSD model, generalise to models where transition also depends on duration of stay in a state and describe how to model using such models
- explain concept of survival models, lifetime models, distribution and density functions for future lifetime, force of mortality, actuarial notation, life expectancy (complete and curtate) and the two-state model
- describe estimation procedures for lifetime distributions. Identify censoring by types and problems caused by censoring; understand and apply the Nelson-Aalen and Kaplan-Meier estimation procedures and the Cox proportional hazards model
- derive maximum likelihood estimators for transition intensities and functions for constant transition models
- estimate transition intensities dependent on age (exact or census); understand the principle of correspondence, calculate central and initial exposures, explain the concept of rate intervals, estimate initial and central mortality rates from census data and death data
- describe and carry out graduation of mortality data and understand and apply graduation tests
- describe approaches to forecasting mortality rates; discuss some of the more commonly used forecasting approaches including p-splines, time series modelling and APC models.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3440 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Professor Farshid Vahid-Araghi
Coordinator(s)
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Outcomes
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3450 - Time series analysis for business and economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides an introduction to modern time series methods. The topics covered include a review of stationary, univariate ARMA models, stochastic and deterministic trends, testing for unit roots, vector auto regressions, multivariate cointegration and error correction models.
Outcomes
The learning goals associated with this unit are to:
- model and forecast stationary autoregressive and moving average time series
- test for unit roots in univariate time series
- analyse the relationships between multiple, stationary time series
- test for, estimate and interpret the long run relationships between non-stationary time series.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3460 - Financial econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The specification, estimation and testing of asset pricing models, including the capital asset pricing model and extensions; the statistical characteristics of financial data emphasising skewness, kurtosis and volatility aspects; volatility models such as ARCH models of financial time series, with applications to stock prices, derivatives, and exchange rates including the forecast performance of these models.
Outcomes
The learning goals associated with this unit are to:
- describe the time series and distributional features of financial data
- explain appropriate specification, estimation and testing of asset pricing models
- evaluate the need for volatility models for financial returns
- describe the specification and estimation of conditional volatility models.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3510 - Modelling in finance and insurance
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Mathematical definition of options and other financial derivatives; probability models; mathematical models of random processes; applications; numerical methods; Monte Carlo methods.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of the modern approach to evaluation of uncertain future payoffs
- develop an understanding of the concepts of arbitrage and fair games and their relevance to finance and insurance
- develop an understanding of concept of conditional expectation and martingales and their relation to pricing of financial derivatives
- develop an understanding of the random processes such as Random Walk, Brownian Motion and Diffusions and be able to apply them for modelling real life processes and risk models
- obtain skills to use Ito's formula
- develop the skills to price options by using the Binomial and Black-Scholes models
- ability to simulate the price process and obtain prices by simulation
- ability to formulate discrete time Risk Model in Insurance and use it for control of probabilities of ruin.
Assessment
Within semester assessment: 40% + Examination: 60%.
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3520 - Foundations of quantitative finance
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Associate Professor Athanasios Pantelous
Coordinator(s)
Associate Professor Athanasios Pantelous
Unit guides
Prerequisites
Students must have passed ETC2430 or equivalent, or be enrolled in course B6014.
Synopsis
This unit will introduce students to the basic theories of financial market behaviour, modelling of investment risk, interest rate models and option pricing models. Students will be introduced to the mathematical and statistical foundations of financial modelling, especially the tools used to analyse interest rates and investment risk. Option pricing models will also be introduced, and related to the work of an Actuary.
Outcomes
The learning goals associated with this unit are to:
- understanding the foundational theories of financial market behaviour
- understand measures of investment risk as they relate to insurance
- estimate, interpret and utilise models of investments returns, term structure of interest rates, and credit risk models
- understand the theoretical foundations and practice of option pricing models, including various methods for pricing options.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3530 - Contingencies in insurance and pensions
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The modelling and valuation of cash flows dependent on death, survival, or other uncertain risks.
Outcomes
The learning goals associated with this unit are to:
- calculate, using ultimate or select mortality, net premiums and net premium reserves for increasing and decreasing benefits and annuities
- develop techniques for the valuation of annuity and assurance products involving two lives, and the use of actuarial functions in that situation
- develop methods which can be used to model cash flows contingent upon competing risks
- use the technique of discounted emerging costs as used in profit tests, pricing assessments and reserving calculations for various insurance and pension products
- address practical issues such as guarantees and options, risk classification and the effects of the pricing and reserving basis on the emergence of profit.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3550 - Applied forecasting for business and economics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Reliable forecasts of business and economic variables must often be obtained against a backdrop of structural change in markets and the economy. This unit introduces methods suitable for forecasting in these circumstances including the decomposition of time series, exponential smoothing methods, ARIMA modelling, and regression with auto-correlated disturbances. Students can expect to enhance their computer skills with exercises using R.
Outcomes
The learning goals associated with this unit are to:
- provide an understanding of common statistical methods used in business and economic forecasting
- develop computer skills for forecasting business and economics time series data
- provide insights into the problems of implementing and operating large scale forecasting systems.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3555 - Statistical machine learning
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit covers the methods and practice of statistical machine learning for modern data analysis problems. Topics covered will include recommender systems, social networks, text mining, matrix decomposition and completion, and sparse multivariate methods. All computing will be conducted using the R programming language.
Outcomes
The learning goals associated with this unit are to:
- identify and understand the statistical and computational trade-offs in modern data analysis problems
- develop computer skills for exploring modern data sets
- understand and apply machine learning algorithms to solve modern data analysis problems.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC3580 - Advanced statistical modelling
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces extensions of linear regression models for handling a wide variety of data analysis problems. Three extensions will be considered: generalised linear models for handling counts and binary data; mixed-effect models for handling data with a grouped or hierarchical structure; and non-parametric regression for handling non-linear relationships. All computing will be conducted using R.
Outcomes
The learning goals associated with this unit are to:
- provide an understanding of statistical models for handling common data analysis problems
- develop skills for fitting, interpreting and assessing statistical models
- develop computer skills for exploring and modelling different kinds of data.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4010 - Special reading unit in econometrics honours
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must be granted permission by the Chief Examiner to undertake this unit.
Synopsis
A unit of study in a special field of econometrics in which no formal unit is available. The supervisor will prescribe a list of references, consult frequently with the student and set whatever written work and examinations are deemed appropriate.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of the key academic literature in a particular area of econometrics or statistical research
- learn how to undertake original research, either theoretical or applied.
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4110 - Actuarial practice 1
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Unit ETC4110 covers the subject material required for Actuaries Institute subject Part IIA The Actuarial Control Cycle. The student is introduced to the concept of the Actuarial Control Cycle and how it can be applied in practical commercial situations in a wide range of insurance and related applications. This covers life insurance, general insurance, health insurance, pension or superannuation funds and investment issues. The unit also develops the student's understanding of a wide range of commercial background matters in insurance, pensions and investment - covering features of financial products, the related business environment in Australia, and Government policies affecting insurance and related industries. Risk management is introduced both in terms of the risk issues involved in offering insurance and related financial products, and the general concepts of Enterprise Risk Management.
Outcomes
The learning goals associated with this unit are to:
- discuss and apply an actuarial control cycle in a variety of practical commercial situations
- apply the tests of professionalism
- examine the need for and impact of regulation and government policy on medium and long term commercial decisions
- analyse the main features and risks of financial products and contracts, from the point of view of consumers and providers
- demonstrate an understanding of enterprise risk management and its role in organisational management
- apply a risk assessment framework to identify and assess the risks in a range of commercial situations.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4120 - Actuarial practice 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Outcomes
The learning goals associated with this unit are to:
- discuss and apply the process of product design
- select an appropriate model to solve client problems
- recognise the importance of capital
- apply relevant approaches and techniques to the valuation of liabilities
- apply appropriate techniques to the pricing of products and contracts
- measure, report and manage solvency
- measure and report emerging profits and/or costs
- monitor and assess experience
- manage the business and respond to the experience.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4130 - Asset liability management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Associate Professor Maziar Nikpour
Unit guides
Synopsis
Unit ETC4130 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.
Outcomes
The learning goals associated with this unit are to:
- 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
- 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
- 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
- define appropriate investment objectives based on the liability profile of a fund
- specify appropriate investment constraints, based on the liability profile of a fund
- identify the characteristics of different types of asset models
- critically evaluate the appropriateness of an asset model for a given context
- 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
- apply asset assumptions, and the linkages contained within asset models, to real world situations
- describe and critically evaluate different approaches to asset allocation.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4400 - Econometric theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Prerequisites
Synopsis
The objective of this unit is to outline the general principles that underlie what has become known as the Generalized Method of Moments (GMM). The discussion is motivated by reference to econometric and statistical techniques, and simple practical examples with which students should be familiar. It is shown that GMM finds application in many areas of econometrics and business statistics, and that GMM may be viewed as a methodology that encompasses many econometric and statistical techniques. Broad topic headings are: Classical Method of Moments and Regression (OLS and IV), GMM, Identification, Asymptotic Distribution Theory for GMM, GMM and Optimal Inference.
Outcomes
The learning goals associated with this unit are to:
- build upon existing concepts developed in previous courses and to outline the basic principles under-lying what has become known as the Generalized Method of Moments (GMM)
- outline the classical Method of Moments and relationship of Regression to the Method of Moments
- discuss Identification and Asymptotic Distribution Theory in the context of the GMM
- examine GMM in relation to minimum variance unbiased estimation, and GMM based inference
- consider special cases of single equation and simultaneous equations GMM.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4410 - Applied econometrics 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit involves a critical review of recent empirical work in econometrics. The topics to be covered include i) the specification and estimation of systems of consumer demand equations and producer demand and supply equations and extensions of these methods to other areas; and ii) structural vector autoregressions and error correction models, together with some practical applications that address macroeconomic issues. On completion of this unit students should be familiar with recent developments in these fields and have developed the skills to undertake empirical work. Further, students should be able to critically evaluate empirical work and related policy implications.
Outcomes
The learning goals associated with this unit are to:
- specify the structure of consumer demand systems
- use duality theory to generalise these specifications
- understand the use of appropriate specific estimation techniques
- extend these ideas to producer demand and supply models
- consider a number of empirical applications, and derive policy implications
- become competent in handling demand and production data using econometric software
- specify, estimate and interpret growth regressions
- understand the modelling of trends, cycles and structural breaks
- specify, estimate and interpret structural vector autoregressions and error correction models.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4420 - Microeconometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit involves the analysis of micro-level cross-sectional and panel data to study the behaviour of individuals and other micro-units as decision makers. It studies the specification, estimation, inference and evaluation of a range of microeconometric models. These include models for discrete, count, duration, censored or truncated dependent variables and examine issues arisen from sample selection and endogenous treatment. The aim of the unit is also for students to gain hands-on experience and computation skills for analysing large scale micro datasets. The computing package used for the unit is STATA.
Outcomes
The learning goals associated with this unit are to:
- become familiar with typical features and structures of micro datasets
- be able to identify microeconometric models suitable for given micro datasets and given research objectives
- be able to specify, estimate, evaluate and analyse econometric models with dependent variables that are binary choices, multinomial discrete choices, durations, censored or truncated, using a given dataset
- be able to summarise and present key model results and measures of interest in tables and graphs
- be comfortable and proficient with the use of STATA software to manage and analyse large datasets
- have had hands-on experience with analysing several real world micro datasets in health, labour, finance and marketing research, through computing exercises and a written assignment.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4460 - Financial econometrics 2
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Associate Professor Catherine Forbes
Coordinator(s)
Associate Professor Catherine Forbes
Unit guides
Synopsis
This unit introduces students to a range of advanced, current techniques used in analysing financial data. Topics covered include the analysis of the time series and distributional features of financial data; the use of stochastic volatility and realised volatility models to capture time-varying volatility, including long memory in volatility; the use of econometric methods to estimate Value at Risk; the modelling of transactions data using trade duration models and transaction-based volatility models; continuous time processes and the application of econometric techniques to option pricing; and the use of generalised method of moments in financial models.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate alternative methods of modelling asset return volatility
- explain the role of volatility modelling in the measurement of risk and in the pricing of financial derivatives
- describe the role of continuous time stochastic processes in the pricing of financial derivatives
- evaluate econometric models for high frequency data
- evaluate the use of generalized method of moments in financial models.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4541 - Bayesian time series econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
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.
Outcomes
The learning goals associated with this unit are to:
- appreciate the importance of Bayesian statistical techniques in econometric research and understand the differences between the Bayesian and frequentist statistical paradigms
- acquire the skills necessary to derive Bayesian results analytically, in simple models
- demonstrate an understanding of simulation methods and be able to implement these methods in empirically realistic econometric models
- understand the Kalman filter and its role in Bayesian inference in linear time series models.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETC4860 - Honours research project
12 points, SCA Band 3, 0.250 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Topics for seminar presentation are selected in consultation with the coordinator. A list of possible topics will be distributed but students are encouraged to propose subjects of interest to them, based in their own discipline. Students present one paper, act as formal discussant on another, and are expected to engage in discussion of others.
Outcomes
The learning goals associated with this unit are to:
- develop the skills to present an area of research in the discipline of econometrics or statistics in a non-technical manner, both written and oral
- grow in ability to ask and address critical questions about research.
Assessment
Within semester assessment: 100%
Workload requirements
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
ETF1100 - Business statistics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Ms Geraldine Roberts
(First semester)
Dr Daniel Melser
(Second semester)
Professor Mark Crosby
(City)
Coordinator(s)
Mr Jim Fang
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
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. Excel software will be used.
Outcomes
The learning goals associated with this unit are to:
- interpret business data using descriptive statistics techniques, including the use of Excel spreadsheet functions
- apply simple concepts of probability and probability distributions to problems in business decision-making
- describe the role of statistical inference and apply inference methods to single populations
- interpret and evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression
- apply suitable statistical techniques for describing and forecasting time series data.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF2011 - Quantitative methods for risk analysis
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Synopsis
This unit presents the basis techniques of quantitative risk analysis. Risk identification and measurement techniques most commonly used in industry are discussed, including descriptive statistics. The basic rules of probability are presented in practical contexts and as the foundation for the study of probability distributions - themselves the foundations of risk analysis models. Finally, spreadsheet models of practical situations are developed and evaluated, using simulation methods.
Outcomes
The learning goals associated with this unit are to:
- analyse risk statistically by summarising and interpreting data using techniques of descriptive statistics including the use of associated spreadsheet functions
- analyse and evaluate risk by applying concepts of probability and of probability distributions
- analyse and evaluate risk via Monte Carlo simulation, using @Risk software
- evaluate decision-making strategies, including use of PrecisionTree software
- describe and analyse the quality of production in an industrial process, using statistical control charts.
Assessment
Within semester assessment: 30% + Examination: 70%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF2100 - Introductory econometrics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Professor Duangkamon Chotikapanich
(First semester)
Dr Janjala Chirkijja
(Second semester)
Coordinator(s)
Professor Duangkamon Chotikapanich
(First semester)
Dr Janjala Chirkijja
(Second semester)
Unit guides
Synopsis
Econometrics is a set of research tools employed not only in economics but also in business disciplines. This unit covers the basic tools for estimation in the context of simple and multiple linear regression, the sampling properties of the least squares estimator, statistical inference and hypothesis testing. It also covers regression with dummy variables, model specification issues and estimation problems when least squares assumptions are violated. EViews is used as the software package.
Outcomes
The learning goals associated with this unit are to:
- apply econometric tools to modelling, estimation, inference, and forecasting in the context of real world economic and business problems
- formulate and test hypotheses about the relationships between variables
- understand the nature and consequences of violation of the classical assumptions and know how to test for violations
- apply the skills and knowledge from the unit to real situations in business and economics
- demonstrate the ability to generate and analyse EViews computer output for business and economic applications.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF2121 - Data analysis in business
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Associate Professor Ann Maharaj
(First Semester)
Dr Hsein Kew
(Second Semester)
Coordinator(s)
Associate Professor Ann Maharaj
(First Semester)
Dr Hsein Kew
(Second Semester)
Unit guides
Synopsis
Further develops statistical concepts from ETX1100 and their application to business sectors such as finance and accounting. Sources of data and sampling techniques. Confidence intervals and hypothesis testing both for single populations and between populations to identify significant findings with applications to accounting and finance, risk modelling. Commonly used modelling methods in industry -- simple and multiple regression, analysis of time series in financial markets. Excel software will be used. Emphasis throughout is on interpretation of results that provides insight and value to management.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of different sampling techniques and their role in business
- demonstrate an understanding of the role of statistical inference and its role when applied in business
- interpret and analyse the results of a regression analysis and their value when applied in business.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF2480 - Business modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This is a software-oriented subject intended to provide a working knowledge of decision-making tools and techniques applicable in a business environment. Various optimisation techniques used in managerial decision-making will be introduced. Topics include business modelling with spreadsheets, linear programming models, transportation and assignment models, inventory control models, network models, project planning and scheduling models. Applications in management, marketing, accounting, finance and related fields are emphasised.
Outcomes
The learning goals associated with this unit are to:
- appreciate the relevance of quantitative analytical techniques in solving business decision problems
- formulate business decision problems as mathematical models and lay out as spreadsheet models
- apply tools available in Microsoft Excel and algorithms to generate solutions and interpret the results
- appraise the solutions through the use of sensitivity analysis
- communicate the analysis and results of business decision problems.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF2700 - Mathematics for business
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Dr Yi He
(First Semester)
Associate Professor Xibin Zhang
(Second Semester)
Coordinator(s)
Dr Yi He
(First Semester)
Associate Professor Xibin Zhang
(Second Semester)
Unit guides
Prohibitions
Synopsis
The topics covered in this unit include: the linear model, linear simultaneous equations, non-linear functions, index numbers, financial mathematics, derivatives and partial differentiation, integration optimisation (constrained and non-constrained) and matrix algebra with software applications (e.g. Excel).
Outcomes
The learning goals associated with this unit are to:
- acquire skills in solving equations and applying them to problems arising in business
- understand the features of linear and non-linear models and their applications in economics, finance and business
- solve two and three dimensional simultaneous equations, with applications in areas including operations management
- work with arithmetic and geometric sequences and series and use them in financial applications
- develop skills to perform differentiation, optimisation (constrained and unconstrained) and basic matrix operations and apply them to understand and solve problems in business.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF3200 - Applied econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit presents econometric models and techniques that are widely used in applied econometrics. The topics covered are linear regression models with random regressors, method of moments and instrumental variables estimation, simultaneous equations models, models for time-series data and panel data. EViews computer software is used to carry out data analysis and estimation.
Outcomes
The learning goals associated with this unit are to:
- conduct statistical inference in linear regression models with random regressors using the method of moments and the instrumental variables estimators
- conduct statistical inference for simultaneous equations models
- understand the statistical properties of non-stationary macroeconomic time series data and how to model the long-run relationships among co-integrated time series
- conduct statistical inference in panel data models.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF3231 - Business forecasting
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Professor George Athanasopoulos
Coordinator(s)
Professor George Athanasopoulos
Unit guides
Synopsis
Forecasts are crucial for guiding the planning and decision making process in business. In this unit you will learn to apply reliable methods for generating accurate forecasts in a rapidly changing business environment. These include: an introduction to regression modelling from a forecasting perspective, classical decomposition, exponential smoothing, Box-Jenkins ARIMA modelling and judgemental forecasting. You will build your programming skills by learning to program in R, a free programming language for statistical computing.
Outcomes
The learning goals associated with this unit are to:
- develop statistical skills for analysing data in a business environment
- learn how to build accurate and robust models for forecasting
- acquire computer skills vital for forecasting business and economic data.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF3300 - Quantitative methods for financial markets
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit covers statistics and econometric tools to assess the time series properties and distributional properties of financial series. It teaches how to model and estimate the single-factor and multiple-factor capital asset pricing models; and conduct diagnostic checks and reliable statistical inferences on various risk-return relationships and financial market hypotheses. It also introduces recent literature on modelling, estimating and forecasting financial markets' volatility; and parametric and nonparametric methods to estimate the value at risk and expected shortfall. Statistical software will be used to carry out financial data analysis and applied research projects.
Outcomes
The learning goals associated with this unit are to:
- assess the time series and distributional properties of financial data
- evaluate the risk-return relationship among financial assets
- estimate the long run relationship among financial time series and test market hypotheses arising in finance
- analyse and model the volatility of financial returns and estimated value at risk and relate measures
- demonstrate the ability to generate and analyse EViews computer output.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF3480 - Optimisation for managers
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is designed to develop quantitative problem solving skills. The emphasis is on recognising and identifying decision problems, modelling them and generating solutions to them. Various optimisation techniques used in the business decision-making process will be introduced. Topics include benchmarking with data envelopment analysis, game theory, queuing models, Markov chains and simulation modelling. Applications in business, particularly in management, marketing, banking and finance will be used in the demonstration.
Outcomes
The learning goals associated with this unit are to:
- understand the complementary nature of the rational and behavioural approaches to decision making
- select and apply quantitative modelling concepts to problems arising from business
- formulate an appropriate model to analyse various business decision problems
- apply tools available in Microsoft Excel and algorithms to generate solutions and appraise the solutions through the use of sensitivity analysis
- communicate the analysis and results of business decision problems.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF3500 - High dimensional data analysis
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Associate Professor Anastasios Panagiotelis
Unit guides
Synopsis
In many fields of business, analysts must deal with data on many variables, for example, surveys with a large number of questions. In such cases, statistical tools known as multivariate methods must be used to analyse the data and drive business decisions.
This unit covers such methods in three sections: Cluster Analysis, Discriminant Analysis and MANOVA can be used to identify, predict and test for differences groups such as between distinct classes of customers or products; Principal Components Analysis, Correspondence Analysis and Multidimensional Scaling are dimension reduction methods that help analysts to visualise complicated datasets; and finally, Factor Analysis and Structural Equation Modelling are used to predict and test theories and explain and predict business outcomes.
Outcomes
The learning goals associated with this unit are to:
- demonstrate an understanding of the role that multivariate statistical techniques such as factor analysis, structural equation modelling, categorical data analysis, cluster analysis, multidimensional scaling and correspondence analysis play in uncovering relationships and patterns in survey data
- appraise the strengths and limitations of these techniques
- apply tools in R to generate solutions for the appropriate statistical techniques
- demonstrate skills in using the appropriate statistical techniques from a user and provider perspective
- demonstrate skills in communicating the results of the analysis so that decision making can be implemented.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETF3600 - Quantitative models for business research
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The topics covered in this unit include: review of regression analysis, binomial dependent variables, unordered multinomial dependent variables, ordered multinomial dependent variables, duration dependent variables. Computer software EVIEWS will be used to apply these techniques to real world problems.
Outcomes
The learning goals associated with this unit are to:
- provide a solid understanding of regression analysis including relationships with dependent variables that can be binary, in unordered categories, in ordered categories and duration variables
- analyse these relationships using a software package
- analyse, interpret and communicate the business value of results.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETS1102 - Business statistics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
Synopsis
Topics include an introduction to spreadsheeting; descriptive statistics; elementary probability; discrete and continuous probability distributions; statistical inference; simple linear regression and correlation; forecasting and time series; and Index numbers.
Outcomes
The learning goals associated with this unit are to:
- interpret business data using descriptive statistics techniques, including the use of spreadsheet functions
- apply simple concepts of probability and probability distributions to problems in business decision-making
- describe the role of statistical inference and applying inference methods to single population means
- evaluate relationships between variables for business decision-making, using the concept of correlation and simple linear regression
- apply time series techniques of indexing, deflating, and forecasting to business and financial series, and interpreting the results.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETS1200 - Quantitative methods for business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Unit guides
Co-requisites
Students must be enrolled in the Bachelor of Business Science to undertake this unit.
Synopsis
This unit aims to develop the mathematical knowledge, skills and attitudes of first year business students. Students will learn about the following topics; mathematical preliminaries, the straight line and applications, simultaneous equations, non-linear functions and applications, differentiation and applications, integration and applications, function of several variables (partial differentiation), basic linear algebra and financial mathematics (arithmetic and geometric progression, simple and compound interest, depreciation and net present value).
Outcomes
The learning goals associated with this unit are to:
- perform basic mathematical calculations with algebraic expressions and fractions
- understand the straight line function to model a wide range of concepts in economics and business such as the demand, supply and cost functions
- use different methods to solve simultaneous equations analytically and graphically and apply these methods to the analysis of equilibrium in the goods, labour and money markets
- use different types of non-linear functions in economics and business
- understand differentiation, integration and derivatives of several functions and their optimisation and how it can be applied to business
- solve first and second order partial derivatives
- perform basic matrix arithmetic operations and determine the determinant and inverse of 2x2 and 3x3 matrices
- calculate the arithmetic and geometric sequences and series and apply them in financial mathematics.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETS2000 - Advanced quantitative methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Prerequisites
ETS1200 or equivalent.
Synopsis
The purpose of this module is to develop a scope of knowledge of the main areas of the theory of single variable and multivariable calculus, namely differentiation and integration of one or more variable functions by means of first principles and otherwise, and to include an understanding of the key terms, concepts, facts, principles, rules and theories pertaining to single and multivariable variable calculus.
Outcomes
The learning goals associated with this unit are for students to understand the following concepts:
- functions and limits
- derivative, derivative as a function, higher derivatives
- application of differentiations: maximum and minimum values, graphs, limits at infinity, optimisation problems
- integrals: areas and distances, definite and indefinite integrals, fundamental theorems of calculus
- applications of integrations: areas between curves
- exponential functions and their derivatives
- techniques of integration
- differential equations
- infinite series and sequences
- partial derivatives
- multiple integrals
- advance linear algebra
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETS2010 - Introductory probability theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Unit guides
Prerequisites
ETS2000 or equivalent.
Synopsis
The main aim of this unit is to provide a solid introductory background in probability theory to students wishing to pursue a career as an econometrician, but also to those who wants to do further studies in economics at post-graduate level.
Outcomes
The learning goals associated with this unit are to understand the concepts of:
- axiomatic probability theory (conditional probabilities)
- random variables (standard univariate discrete/continuous distributions)
- expected values and moments (moment generating functions)
- jointly distributed variates and Multivariate probability distributions
- distributions of functions of random variables
- sampling distributions
- estimation theory
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETS2111 - Business data modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Unit guides
Offered
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
This unit aims to provide an understanding of sampling designs and inference, confidence limits and tests on means, proportion, differences, cross tabulation, with chi square, simple and multiple linear regression (regression with non-linear terms), regression with dummy variables, and an introduction to the analysis of variance. This unit uses Excel.
Outcomes
The learning goals associated with this unit are to:
- choose and apply an appropriate sampling design
- understand and interpret confidence intervals and hypothesis tests for means, proportions and variances, and be able to identify significant differences
- understand and conduct regression analyses to interpret and communicate the business value of the results
- understand and conduct one way analysis of variance in business problems
- understand the concept and application of Chi-square test for independence between business variables.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETS2410 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Professor Farshid Vahid-Araghi
Unit guides
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data, and the problems of serial correlation, heteroscedasticity and multicollinearity.
Outcomes
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETS3410 - Applied econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, modelling data sets that have both a cross-section and a time-series dimension and conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance and marketing.
Outcomes
The learning goals associated with this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable (LOGIT and PROBIT models)
- conduct statistical inference in statistical models with a limited dependent variable (TOBIT and Censored Regression models)
- conduct statistical inference in statistical models with one or more endogenous explanatory variables
- conduct statistical inference in a system of simultaneous equations
- conduct statistical inference on data that has a time series dimension.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, 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
ETW1000 - Business and economic statistics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
An introduction to descriptive statistics -- the collection, organisation, presentation and analysis of grouped and ungrouped data using measures of location and dispersion; the construction of index numbers, with application to share price indices and the CPI; analysis of relationships between variables using simple and multiple regression, with applications to forecasting; main ideas of probability theory as a foundation for statistical inference; concept of sampling as a way of capturing uncertainty about data; estimators and their properties; constructing and interpreting confidence intervals, testing a hypothesis, including analysis of variance.
Outcomes
The learning goals associated with this unit are to:
- interpret business and economic data using tables, charts and descriptive techniques where appropriate
- describe the concept of a sampling distribution, estimators and their properties
- make inference on single and multiple population means, difference between means and the slope for business and economic decision-making
- interpret and evaluate relationships between variables for business and economic decision-making using simple and multiple linear regression
- apply the main ideas of probability theory to business and economic decision-making.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW1010 - Data modelling and computing
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Introduction to principles and techniques for modelling business and economic data.
Modelling in business and finance using computers -- spreadsheet modelling of business problems, organising and accessing data efficiently. Modelling in economics and finance -- multiple regression as a tool for modelling macroeconomic and microeconomic decisions, elasticities and statistical evaluation of policy, time series modelling with application to finance. Introduction to actuarial studies as an approach to building quantitative models of risk.
Outcomes
The learning goals associated with this unit are to:
- apply principles and techniques of data management with computers and spreadsheet modelling to business and economic decision-making problems, including profit models, breakeven analysis, sensitivity analysis, simulation, optimisation under uncertainty and network models
- interpret and evaluate relationships between variables for business and economic decision-making using multiple linear regression, including dummy variables, functional form, trends and seasonality in time series as well as inference, confidence intervals and prediction
- apply statistical techniques for making decisions with quantitative and categorical data in business and economics, including testing hypotheses about population mean(s), population proportion(s), one- and two-way analysis of variance, and difference between proportions in contingency tables.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW1100 - Introduction to business analytics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Synopsis
The information technology revolution has led to the overwhelming availability of data and information. Businesses and other organisations that make good use of the available data are at an advantage, and therefore individuals with business analytical skills are highly sought after. Data collection and analysis techniques are collectively called business analytics. Experts in business analytics play an important role in modern business. In addition, everyone in a business-related job needs to be able to understand statistical discussion of issues, and most need to be able to use descriptive analytics and visualisation in reports and presentations. This introductory unit will enable students to perform basic descriptive analytics and inference on data.
Outcomes
The learning goals associated with this unit are to:
- interpret business data using descriptive analytics techniques, including the use of spreadsheet functions and well-written data commentaries
- apply simple concepts of probability and probability distributions to problems in business decision-making
- describe the role of statistical inference and apply inference methods to single population means
- evaluate relationships between variables for business decision-making, using the concept of correlation, simple and multiple linear regression
- apply time series techniques in determining seasonality, forecasting and interpreting the results.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW2111 - Business data modelling
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Sampling designs and inference; confidence limits and tests on means, proportion, differences. Cross tabulation, with chi square. Simple and multiple linear regression: regression with non-linear terms; regression with dummy variables. Introduction to analysis of variance. Uses Excel.
Outcomes
The learning goals associated with this unit are to:
- choose and apply an appropriate sampling design
- understand and interpret confidence intervals and hypothesis tests for means, proportions and variances, and be able to identify significant differences
- understand and conduct regression analyses to interpret and communicate the business value of the results
- understand and conduct one way analysis of variance in business problems
- understand the concept and application of Chi-square test for independence between business variables.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW2410 - Introductory econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Associate Professor Santha Vaithilingam
Unit guides
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Outcomes
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW2420 - Survey methods and managerial statistics
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Introduction to sample survey methods, quality management and statistical techniques for survey data used in business, industry and the public sector. Topics covered include the planning and execution of a survey, sampling methods, quality management and sampling, the design of experiments, analysis of variance and analysis of 'ranked data'.
Outcomes
The learning goals associated with this unit are to:
- understand how to conduct a survey, including planning, execution and cost-benefit analysis
- apply concepts of probability and probability distribution to problems associated to survey data
- describe the role of statistical inference for survey data and applying inference methods to population mean, variance (bound), proportion, and totals
- use statistical inference methods to determine the optimal sample size for a survey;
- analyse survey data using experimental design techniques and analysis of variance methods (both for unranked and ranked data)
- apply statistical quality control methods and survey techniques for data used in business, industry and the public sector, including Six Sigma methodologies
- demonstrate in the individual summative assessment task a comprehensive understanding of the topics covered in the unit. This is demonstrated by the requirement that the student must attain a mark of at least 40% in the final summative assessment task (final exam).
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW2440 - Business modelling and analytics methods
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Synopsis
Topics include business modelling with spreadsheets and R programming language; the methodology of business modelling and analytics; linear programming; primal and dual models; integer programming; transportation; and assignment problems.
Outcomes
The learning goals associated with this unit are to:
- understand analytical and algorithmic optimisations applied to real-life business cases
- use algebraic formulations and spreadsheets side-by-side to help develop the conceptual skills
- formulate, solve and interpret business problems with linear programming using graphical methods, Excel Solver, and R program
- implement and analyse duality, sensitivity, transportation, assignment problems, and integer programming.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average 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
ETW2472 - Project management analytics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Project management analytics introduces students to a data-driven approach to making rational and effective project decisions. This unit covers the essential concepts, tools and analytical techniques for effective project management according to the global industry standards set by the Project Management Institute. This will enable students to learn broad perspectives of managerial skills and knowledge required to initiate, implement, and evaluate successful projects. Students will be trained to understand and apply analytics-based project metrics to measure, observe, and analyse project performance objectively and make rational project decisions with analytical certainty. Throughout the unit, students will also employ relevant information technology and project management software to achieve quality outcomes that underpin and reinforce the conceptual and analytics perspectives of project management in businesses.
Outcomes
The learning goals associated with this unit are to:
- introduce the data-driven project management framework
- introduce analytics concepts, tools and techniques for effective project management
- demonstrate the applications of analytical techniques in project management decision-making
- identify and demonstrate, with examples, the processes of monitoring and controlling the uncertainty of project schedule and project cost, and to accurately estimate the same with analytics-driven prediction
- describe the project completion process
- apply tools and principles to project management through use of information technology, setting quality standards, risk analysis, and identifying obstacles to project success.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average 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
ETW3420 - Principles of forecasting and applications
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Obtaining reliable forecasts of business and economic variables is a challenging task that organisations face. This challenge is exacerbated against the backdrop of structural changes and volatility in markets and the economy. In this unit, students will be introduced to methods suitable for forecasting in these circumstances. These methods include classical decomposition of time series, exponential smoothing, Box-Jenkins ARIMA modelling and regression with auto-correlated disturbances. Students will also be exposed to several case studies, to study the application of these methods in real-life situations. Students can expect to enhance their computer skills with exercises using econometric packages.
Outcomes
The learning goals associated with this unit are to:
- Motivate the need for obtaining reliable forecasts in business and economics
- Understand and apply appropriate statistical methods for business and economic forecasting
- Develop computer skills for forecasting from business and economic time series data
- Develop research skills and be able to write and present reports effectively.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW3450 - Applied time series econometrics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Unit guides
Synopsis
Time series is any series of observations ordered along a time dimension. This unit introduces students to the theory and application of time series methods in econometrics. Topics covered will include modern univariate and multivariate models of stationary and non-stationary time series. The unit will enable students to undertake independent time series analysis on a broad range of business and economic data. Examples in business and economics will be drawn to illustrate the application of techniques covered in this unit.
Outcomes
The learning goals associated with this unit are to:
- derive the assumptions necessary for a time series to be stationary
- demonstrate understanding in the importance of distinguishing stationary and non-stationary time series
- perform tests for the presence of a unit root in a univariate time series
- develop models and analyse relationships between multivariate stationary time series
- develop models and to test for, estimate and interpret long run relationships between non-stationary variables
- develop basic coding skills in performing time series analysis.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW3481 - Econometric methods for finance
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces students to a wide range of contemporary financial econometric techniques which are commonly utilised in the financial data analysis. Topics covered include the random walk model, volatility and risk modelling, and several symmetric and asymmetric univariate volatility models. Also, this unit will expose students to applications of econometric analysis in the multivariate asset pricing models, portfolio selection and performance analysis, and volatility transmissions between markets and assets.
Outcomes
The learning goals associated with this unit are to:
- understand the properties and distributional characteristics of financial returns
- understand and model the first moment (mean) and second moment (volatility)processes
- understand the stages of analysis and critically assess the challenges and shortcomings in the models
- understand and acquire the skills needed to interpret risk measures (e.g. value at risk)
- understand and conduct diagnostic tests of financial time series models and generate forecasts for returns and volatility.
Assessment
Within semester assessment: 40% + Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW3482 - Data mining for business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must have completed 12 credit points in any second year level unit in any discipline.
Prohibitions
FIT3002, CSE3212, GCO3828 or equivalent.
Synopsis
This unit aims to provide an understanding and application of the tools and techniques of data mining in delivering superior value added propositions to businesses. Students will learn the data mining methodology, appropriate techniques to apply in different cases, practical use of data mining software and how to interpret the knowledge generated from these tools. Students will be exposed to emerging areas in data mining, such as applications of data mining in the cloud.
Students will also learn about ethical concerns on the use of data mining. Superior data mining skills and knowledge enables the business to maximise the value of current customers, through creative and critical analysis of favourable circumstances and possibilities for gaining increasing business and or reducing costs from current customers.
Outcomes
The learning goals associated with this unit are to:
- appreciate the different stages of the data mining process
- understand the role that data mining play in various areas of business
- select the appropriate data mining tools to suit the problem at hand
- have hands-on experience on using data mining tools on various case studies such as direct marketing campaigns and product introductions, and analysing customer churn
- interpret and apply critical thinking on the results generated from the data mining models.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW3483 - Enterprise analytics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Successful completion of 12 credit points of any second year level unit in any discipline.
Synopsis
This unit aims to develop within students, the fundamental business information knowledge and its application towards creating, enabling and preserving business value. Specifically, it aims to develop an understanding of the primary enabler for better business analytics processes, which includes an in-depth awareness of information type, access, integration, and analysis within a business environment. Areas of study include ERP systems, business process mapping, business analytics linkages to four insights on customer relationship management (CRM), supply chain management (SCM), finance and accounting (FICO) as well as other operational and external business areas. This unit equips students with the use of SAP software for operational analytics and next-generation business intelligence.
Outcomes
Upon successful completion of the unit, students should be able to:
- Understand the origin, characteristics, technologies and integration of ERP systems
- Understand the business processes and acquire the skills to identify and map best practice processes
- Understand the implementation stages and evaluate the challenges and limitations in ERP implementation
- Understand the ERP modules (SCM and CRM) and acquire the skills to identify the cause-and-effect relationship necessary for business analytics
- Understand the four analytical insights (operational, supply chain, customer and external) and develop a business process improvement activity that creates value.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETW3510 - Applied econometric methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Chief examiner(s)
Associate Professor Santha Vaithilingam
Unit guides
Synopsis
This unit presents econometric models and techniques that are widely used in modern applied econometrics. Emphasis is placed on models that address the special problems that arise when analysing microeconomic data, that is, data at the level of individual consumers, households and firms. The topics covered include modelling discrete dependent variables, simultaneous equations models, and linear panel data models, conducting inference in models in which the dependent variable is jointly determined with one or more of the regressors. The models taught in this unit are widely used in empirical work in economics, finance, and marketing.
Outcomes
The learning goals associated with this unit are to:
- conduct statistical inference in statistical models with a binary dependent variable (LOGIT and PROBIT models)
- conduct statistical inference in statistical models with a limited dependent variable (TOBIT and Censored Regression models)
- conduct statistical inference in statistical models with one or more endogenous explanatory variables
- conduct statistical inference in a system of simultaneous equations
- conduct statistical inference in static linear panel data models.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
ETX2250 - Data visualisation and analytics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Department of Econometrics and Business Statistics
Chief examiner(s)
Dr Klaus Ackermann
(Summer Semester B)
Associate Professor Anastasios Panagiotelis
(Second Semester)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Lito Cruz
(Trimester 3)
Unit guides
Offered
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
Business analytics can unlock the hidden insights in data to give businesses a competitive advantage. Many businesses have masses of data about customers and operations, and need skilled analysts to uncover insights and make informed predictions.
This unit uses data visualisation to explore and analyse data sets of all sizes, and it introduces some business analytic models for interpretation and prediction.
It will introduce an appropriate software environment for data visualisation, and analytics, and cover visualisation and analysis techniques for categorical and numerical variables. Visualisation methods to be covered include some of Box-and-whisker plots, Mosaics, Rotatable 3D scatter plots, Heat maps, Motion charts, cluster and association charts. Models to be covered may include linear regression models, classification and regression trees, and random forests. Methods for evaluating model performance will also be discussed. Examples from marketing, finance, economics and related disciplines will be included.
Outcomes
The learning goals associated with this unit are to:
- select, create and interpret appropriate types of visual representation for a given set of data
- select and develop model types with explanatory and/or predictive ability
- make appropriate use of in-sample and out-of-sample evaluation of models
- apply the above research skills to produce innovative solutions in finance, marketing, economics and related areas
- use visualisation and modelling to effectively communicate the results of their investigations
- explain the sequence of procedures that should be applied to analyse a given dataset.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average four hours of scheduled activities per week when taught in trimester mode, and three to four hours three times per week when taken as a summer unit. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGB1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit offers a critical introduction to fundamental questions in the discipline of management. What is management? What do managers do, and how do I become a good manager? What are the effects of management practice on employees and their experience of being managed? Key contemporary issues of globalisation and cultural diversity, ethics and social responsibility affect the answers to these questions and are therefore woven throughout the curriculum. The unit draws upon a range of sources - academic, practical, popular cultural - to engage students in multiple ways of knowing about management.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a contextual appreciation of management as an evolving set of contested ideas for how managers may influence people, organisations, and their environments to achieve organisational goals
- identify what managers do in practice, and analyse how the various activities that comprise managing both shape and are shaped by individual and group behaviour and diversity in organisational settings
- critically evaluate the impact of contemporary management practices on employee experiences of being managed
- explain the concepts of stakeholder interests, ethics and responsible management and assess their implications for individuals and organisations in a global context
- apply research, analytical and communication skills required of the management discipline to address business challenges.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGB2200 - Business communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Pieter Van Dijk
Coordinator(s)
Associate Professor Pieter Van Dijk
Unit guides
Synopsis
Business communication is designed to provide students with the skills and knowledge of communication in professional contexts. The unit emphasises organisational communication theory, its application to effective written communication, informative and persuasive communication, the role of verbal and non-verbal communication, and interpersonal skills in business teams and cultures. The underlying theme of the unit is to provide awareness of a range of professional communication skills required to meet 21st century career demands. Students will be provided the opportunity to develop and demonstrate a range of skills to assist in meeting communication challenges within organisations in preparation for employment.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate communication theories underpinning business communication
- analyse the relationships between different business communication theories and concepts
- demonstrate creative solutions to persuasive and informative business communication challenges
- understand the roles of verbal and non-verbal communication and interpersonal communication in business contexts
- develop professional writing skills for business, electronic communication and social media for business communication.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGB2230 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Andrea Kirk-Brown
Coordinator(s)
Associate Professor Andrea Kirk-Brown
Unit guides
Synopsis
Students gain an understanding of factors affecting the behaviour of people in work settings. The unit focuses on individual, group, and total organisational human factors influencing the effectiveness of organisations including: the nature of organisations in the global context; individual behaviour including perception, attitudes, values and personality, motivation and performance; group behaviour in organisations including the properties and management of groups, leaders and leadership, organisational power, influence, communication, conflict and decision making; organisational structure; organisational culture; change; the formal and informal organisation.
Outcomes
The learning goals associated with this unit are to:
- examine theories of organisational behaviour to develop fundamental knowledge of organisational behaviour as an area of management
- analyse organisational behaviour issues from multiple workplace perspectives
- examine how managers can use knowledge of organisational behaviour to manage individual employees and teams
- apply theoretical organisational behaviour concepts to organisational situations using the case study method
- demonstrate skills in evaluation and analysis of organisational behaviour concepts.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGB2430 - People, culture and strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Increased competition within the business environment has enhanced the focus on human resource strategies for business success. This unit will introduce students to the world of human resource management (HRM) and will explore the role of people, culture and strategy across contexts, sectors and occupations. This unit is designed to provide students with an opportunity to develop a critical approach to HRM concepts, models and theories. In addressing the challenges for 21st century students, the unit will also enhance student's employability by introducing personal development as a concept, and will enhance job readiness through providing opportunities for personal development.
Outcomes
The learning goals associated with this unit are to:
- define the scope and purpose of HRM through the principles and practices of contrary people, culture and strategy initiatives
- critically evaluate and analyse conceptual frameworks for assessing HRM systems in a global business environment and across different cultural/national setting
- develop creative solutions to a range of contemporary HRM challenges involving people, culture and strategy initiatives
- enhance student employability and job readiness skills, through personal development opportunities.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGB3120 - Inclusive management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Inclusive management is concerned with leveraging society's diversity for the benefit of individuals, groups and organisations. In the unit, students will develop a greater understanding of difference and inclusion, identify inclusive management opportunities for different contexts and practice approaches to effectively implement these changes. Current business trends and future directions for research are covered. The unit prepares students to manage effectively, garnering positive and inclusive individual, group and organisational outcomes. This unit is also designed to develop students' awareness of current theoretical perspectives on, and empirical evaluations of, organisational initiatives designed to foster well-being through diversity at both the individual and organisational level.
Outcomes
The learning goals associated with this unit are to:
- synthesis concepts of mindset, openness, difference and inclusion
- analyse internal management inclusion opportunities and challenges
- analyse and compare solutions for external management inclusion opportunities and challenges
- demonstrate awareness of self and inclusive management practices
- identify predictors and consequences of 'wellness' and 'toxicity' in the organisational context
- describe and critically evaluate current organisational wellness initiatives.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGB3249 - Events and project management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit explores the principles, processes and practice of project management. It examines the myriad of challenges and opportunities created in trying to balance strategic initiatives and operational realities within organisations. The unit reviews how to plan and manage events of all sizes and complexities. Students who have undertaken this unit should be able to select and utilise appropriate project management tools and techniques when planning and managing an event.
Outcomes
The learning goals associated with this unit are to:
- examine, analyse and synthesise the concepts, principles, processes and practice of project management
- apply and critically evaluate the project management techniques and decision tools within constrained, ambiguous and uncertain business environments
- assess the interrelationship between organisational strategy, innovation and change with project management
- enhance communication, interpersonal, research, problem solving and critical thinking capabilities.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGB3684 - Business strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Business strategy enhances students' knowledge of the process of strategy formulation, implementation and evaluation within a business, and the key contextual factors and managerial decisions which influence this process. The unit develops skills in research, academic writing and application to current and future business environments. The unit amalgamates aspects from a range of management areas and prepares students to be able to develop and apply sound business strategy methods in practical settings.
Outcomes
The learning goals associated with this unit are to:
- identify and explain the core concepts of business strategy
- explain and evaluate the influence of key contextual variables on a business' strategy
- apply and critically analyse business strategy formulation, implementation and evaluation concepts and the relationships between them to different contexts
- identify and explain future directions and trends for forming, implementing and evaluating business strategy.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGC1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is designed to provide an introduction to the fundamental principles of managing business organisations. It will allow for the critical exploration of management concepts, models and contexts using a case-based approach. While working in teams, students will learn how to apply management theory and research evidence in analysing and creatively solving real-life management problems. Students will also learn how to critically and ethically evaluate managerial decisions while considering the organisation's context in a culturally diverse and internationalised world. The unit draws upon a range of academic, practical and pop cultural sources to engage students in authentic ways of learning about management.
Outcomes
The learning goals associated with this unit are to:
- explain fundamental concepts, models and approaches that represent the theory of management
- apply management theory and research evidence to practical situations using a case-based approach
- develop skills in team-based decision making that demonstrate effective teamwork and communication skills
- critically evaluate managerial decisions in the context of the organisation's ethical and social responsibilities.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGC2021 - Organisations and society
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
MGC1010 or equivalent.
Synopsis
The world of work in the 21st century presents exciting opportunities and new challenges for thinking through relationships that exist between organisations and society. At the heart of such debates is how organisations influence and in turn are influenced by the socio-cultural contexts in which they are situated. In this unit we will begin by introducing a framework for conceptualising the organisational/socio-cultural interface and exploring how this impacts those who are situated in and around organisations. We will then focus on specific themes common to contemporary modes of working where organisational dynamics and socio-cultural expectations or beliefs come together. By the end of the unit, students will be able to articulate and apply contemporary theories of organising to a range of ethical, social and cultural challenges that coalesce in and around today's organisations.
Outcomes
The learning goals associated with this unit are to:
- compare a classical and critical understanding of work organisations with reference to key academic theories and approaches
- critically assess key theoretical debates surrounding topics introduced in the unit with reference to the organisational/socio-cultural interface
- evaluate the different ways in which the organisational/socio-cultural interface manifests in and around organisational contexts
- demonstrate evidence of skills in independent assessment and synthesis of academic literature and the effective communication of academic knowledge
- demonstrate recognition of ethical, social and cultural issues and their impact on multiple stakeholders.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGC2230 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides a framework for understanding the behaviour of people at work. Its fields of analysis include the individual, the group, and the total organisation. The unit provides information on human factors that influence individual and organisational effectiveness such as differences in perception, personality, motivation, leadership styles and others. The study of organisational behaviour is based upon social science methods and links with other studies in behavioural sciences such as management, human resource management, sociology and psychology.
Outcomes
The learning goals associated with this unit are to:
- define the nature and purpose of the field of organisational behaviour
- distinguish the major theories used to explain the behaviour of people in organisations
- identify the major factors influencing individual and group behaviour in organisations
- read and critically evaluate published research in the field of organisational behaviour.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGC2430 - Human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides an introduction to the factors involved in the effective utilisation of people within organisations. Topics include analysis of the global context for human resource management (HRM); the strategic role of HRM; human resource planning; job analysis; staffing; performance management; training and development; remuneration; and legal issues in HRM, including EEO and occupational health and safety.
Outcomes
The learning goals associated with this unit are to:
- demonstrate the role of Human Resource Management in achieving organisational objectives
- critically evaluate some of the key theoretical models of Human Resource Management
- critically evaluate some of the key technical, legal and ethical issues in Human Resource Management
- analyse the policies, practices and procedures associated with the effective management of people in organisations
- explain the impact of the social, political and economic environment on the theory and practice of Human Resource Management.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGC3110 - Strategic management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This is a capstone unit for students undertaking a management major in the Bachelor of Commerce degree. The unit considers the practical applications of strategic management concepts and theories. Students are required to apply critical thinking and research skills to strategic problem solving in contemporary Australian cases. The emphasis is on analysis and judgment to identify strategic issues, evaluate options and recommend action.
Outcomes
The learning goals associated with this unit are to:
- explain the practical implications of different perspectives on strategic management
- select and apply a framework and techniques to analyse particular cases
- research and select information to analyse particular cases
- identify and evaluate strategic issues and recommend actions in particular cases
- integrate and effectively communicate analysis in presentations and reports.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGC3250 - Innovation, entrepreneurship and intrapreneurship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit examines entrepreneurs and entrepreneurial behaviour as something that occurs both within organisational settings, as well as amongst those who start up their own business ventures. Students will be challenged to think critically about the selection and application of concepts, frameworks and analytical techniques in both entrepreneurship and intrapreneurship situations with the aim of developing self-insight, analysis, and judgement to identify and successfully implement innovative business opportunities. The unit provides students the opportunity to demonstrate critical and creative scholarship and responsible and effective global citizenship, whilst analysing and providing multidisciplinary solutions to a current issue in commerce via a team-based approach.
Outcomes
The learning goals associated with this unit are to:
- analyse and critically evaluate the role of entrepreneurship and intrapreneurship within organisations within the Australian economic context
- analyse and critically evaluate the contemporary public policy frameworks in which entrepreneurship and intrapreneurship operates both domestically and internationally
- identify, select and apply frameworks and techniques to analyse specific business cases
- recommend and communicate creative business solutions to particular actions which are financially, ethically and socially responsible.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Professor Mark Crosby
(City)
Dr Bruce Mitchell
(all other teaching periods)
Coordinator(s)
Dr Bruce Mitchell
(Caulfield)
Dr Bruce Johnstone
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit offers a critical introduction to fundamental questions in the discipline of management. What is management? What do managers do, and how do I become a good manager? What are the effects of management practice on employees and their experience of being managed? Key contemporary issues of globalisation and cultural diversity, ethics and social responsibility affect the answers to these questions and are therefore woven throughout the curriculum. The unit draws upon a range of sources - academic, practical, popular cultural - to engage students in multiple ways of knowing about management.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a contextual appreciation of management as an evolving set of contested ideas for how managers may influence people, organisations, and their environments to achieve organisational goals
- identify what managers do in practice, and analyse how the various activities that comprise managing both shape and are shaped by individual and group behaviour and diversity in organisational settings
- critically evaluate the impact of contemporary management practices on employee experiences of being managed
- explain the concepts of stakeholder interests, ethics and responsible management and assess their implications for individuals and organisations in a global context
- apply research, analytical and communication skills required of the management discipline to address business challenges.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF1100 - Managerial communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Professor Mark Crosby
(City)
Mr Josh Howard
(all other teaching periods)
Coordinator(s)
Mr Josh Howard
(Caulfield)
Dr Bruce Johnstone
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
- Trimester C 2019 (On-campus)
Prohibitions
Synopsis
Communication theory emphasising written and oral communication in relation to organisational, intrapersonal, interpersonal and group communication. Importance of relationships in the work context, language, listening and nonverbal behaviour. Interpersonal contexts include negotiation, interviewing, feedback, coaching and counselling. Group communication -- roles, leadership and facilitation, problem-solving, decision making and group creativity.
Outcomes
The learning goals associated with this unit are to:
- describe and discuss contemporary theories and concepts in interpersonal communication
- examine the role of communication in management, particularly in leadership, decision making, conflict resolution, creativity and problem-solving
- extend personal communication skills by identifying opportunities for growth and strategies for development
- demonstrate competence and professionalism in structuring and delivering persuasive messages
- critically analyse communication style.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF2111 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit takes a positive and appreciative approach, presenting supportable practices and interventions to help understand and develop more positive and productive individual, team and organisational behaviours and outcomes. A range of relevant issues will be addressed at the organisational, environmental, team and individual levels including: the employment relationship, reward systems, positive organisational behaviours, learning, leadership, teamwork, technology, emotions, culture and diversity.
Outcomes
The learning goals associated with this unit are to:
- describe and discuss the major theories and concepts that pertain to understanding behaviour in organisations
- describe and discuss contemporary perspectives in Organisational Behaviour, including the Positive Organisational Behaviour approach to this field
- engage with the relevant research literature, and draw on that literature to make plausible, evidence-based predictions about how environmental factors may influence organisational behaviour
- examine the role of Organisational Behaviour theory in enhancing both individual and organisational effectiveness.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF2341 - Managing employee relations
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Management of employment relationships and workplace issues is central to the unit. Roles of parties to the employment relationship -- management, employees, trade unions, employer groups, governments, and tribunals -- are analysed. Management and employee roles in conflict resolution, negotiation and bargaining, conciliation and arbitration, and maintaining control of the employment relationship are covered. External and internal environments are considered regarding productivity, equity, regulation, labour market reform, and decentralisation of the industrial relations system to an enterprise focus.
Outcomes
The learning goals associated with this unit are to:
- differentiate between employee relations issues and industrial relations issues using current research
- describe the main institutional features and key developments in the Australian industrial relations system as they impact upon employee relations
- identify management strategies for dealing with employee relations in Australian workplaces and those in other countries
- participate in individual and team-based analysis of workplace case studies and activities
- develop basic skills in managing communication, negotiation, and bargaining at the workplace.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF2351 - International business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Professor Mark Crosby
(City)
Dr Andrew Cavanagh
(all other teaching periods)
Coordinator(s)
Dr Andrew Cavanagh
(Caulfield)
Dr Vijay Mohan
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus block of classes)
- Trimester C 2019 (On-campus)
Prohibitions
MGC2120, MGW2351.
Synopsis
The international environment including international trade and investment, and the legal, political, cultural and technological contexts faced by internationalising organisations; forms of operations available to the internationalising organisation; the impact of the multinational enterprise; international strategic planning.
Outcomes
The learning goals associated with this unit are to:
- classify the key features and issues in the global environment in which international business takes place
- explain the impact that the environment has on the internationalisation process of a business organisation
- demonstrate an understanding of the role of entry mode choice and other strategic issues in order to succeed in international business.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF2656 - HRM and managing global workforces
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit explores the HRM theory and practice of managing workforces globally. Topics may include workforce planning in a global context, design of work processes and systems, and risk management in a dynamic environment.
Outcomes
The learning goals associated with this unit are to:
- explain and critically evaluate the major challenges impacting on workforce planning in organisations
- integrate theoretical and empirical knowledge with practical examples
- evaluate and recommend human resource management solutions to global workforce challenges.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF2661 - Human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is an introduction to human resource management, theory, context and practices. It focuses on the contribution of HRM to organisational competitive advantage and meeting the needs of employees and other stakeholders.
Outcomes
The learning goals associated with this unit are to:
- define the scope and purpose of HRM as an academic discipline and activities associated with HRM as a management practice
- identify major changes in the global business environment that impact on organisations and HRM
- critically evaluate competing models of HRM that underpin perceived good practices
- critically apply knowledge about HR activities to identify solutions to HRM issues
- enhance students' research capabilities to work individually and in groups.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF3450 - Managing conflict
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Prohibitions
MGC3450
Synopsis
Skills in identifying, understanding and managing conflict are essential in a range of business and professional contexts. Participants in this unit will study a variety of theories and processes that will enhance their skills in avoiding and resolving disputes within and between organisations. Participants will learn through engaging in activities related to negotiation, mediation, advocacy, arbitration and other dispute resolution processes.
Outcomes
The learning goals associated with this unit are to:
- identify and analyse the characteristics of conflict in society and in relationships
- apply ethical communication, counselling, negotiation and mediation techniques to a variety of conflict situations
- examine the influence and implications of power in understanding and managing conflict
- evaluate a range of dispute resolution techniques and assess the applicability of these techniques to specific situations
- assess and develop dispute resolution systems.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF3621 - Organisational change
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Theory of organisation change and development, OD and metaphor, the client-consultant relationship, diagnosis, interventions, organisational learning, resistance to change, managing resistance to change, evaluation and institutionalisation of change, transformation and cultural change, future directions, revision.
Outcomes
The learning goals associated with this unit are to:
- identify strategies and actions for planned organisational change
- critically evaluate different frameworks and philosophies for change management in organisations
- integrate and synthesise previous knowledge of organisational change processes
- analyse change processes that exist at an individual level, group level and across the organisation as a whole
- examine management practices which directly influence the success or otherwise of implementing a planned change process.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF3681 - International management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Dan Wang
(Caulfield)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Dan Wang
(Caulfield)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
Management theory and its application in various cultures. Topics covered include: the role of culture; motivation; global leadership; international human resources management; international teams, and ethics and social responsibility.
Outcomes
The learning goals associated with this unit are to:
- assess the application of management theory to various global cultures
- explain the complex challenges of the multinational business enterprise at the interpersonal and operational levels
- compare a range of cross-cultural variables in the business environment
- apply theory to cross cultural scenarios
- critically assess the strengths and weaknesses of national culture assessment tools.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGF3684 - Business strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Business Strategy enhances students' knowledge of the process of strategy formulation, implementation and evaluation within a business, and the key contextual factors and managerial decisions which influence this process. The unit develops skills in research, academic writing and application to current and future business environments. The unit amalgamates aspects from a range of management areas and prepares students to be able to develop and apply sound business strategy methods in practical settings.
Outcomes
The learning goals associated with this unit are to:
- explain and apply the core concepts of business strategy
- analyse and evaluate the influence of key contextual variables on a business' strategy
- apply and critically appraise business strategy formulation, implementation and evaluation concepts and the relationships between them
- illustrate and judge future directions and trends for forming, implementing and evaluating business strategy.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Ms Jennifer Nzonzo
Dr Natasha Mwila
(Summer semester A)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
Synopsis
This unit offers a critical introduction to fundamental questions in the discipline of management. What is management? What do managers do, and how do I become a good manager? What are the effects of management practice on employees and their experience of being managed? Key contemporary issues of globalisation and cultural diversity, ethics and social responsibility affect the answers to these questions and are therefore woven throughout the curriculum. The unit draws upon a range of sources - academic, practical, popular cultural - to engage students in multiple ways of knowing about management.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a contextual appreciation of management as an evolving set of contested ideas for how managers may influence people, organisations, and their environments to achieve organisational goals
- identify what managers do in practice, and analyse how the various activities that comprise managing both shape and are shaped by individual and group behaviour and diversity in organisational settings
- critically evaluate the impact of contemporary management practices on employee experiences of being managed
- explain the concepts of stakeholder interests, ethics and responsible management and assess their implications for individuals and organisations in a global context
- apply research, analytical and communication skills required of the management discipline to address business challenges.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS1100 - Managerial communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Ms Jennifer Nzonzo
(Second semester)
Unit guides
Synopsis
This unit is designed to develop students' awareness of communication issues within organisational settings and their own capacity as professionals to communicate effectively. The unit emphasises the importance of effective communication both oral and written, introduces models of communication and focuses on communication as process and transaction. Overall the unit is designed to allow students the opportunity to explore the ways in which intrapersonal, interpersonal, group and organisational communication are experienced within organisations.
Outcomes
The learning goals associated with this unit are to:
- describe the major theories underpinning managerial communication
- examine the relationships between different managerial communication theories and concepts
- discuss managerial communication in the context of organisational examples
- compare and contrast verbal and non verbal messages and examine their impact on interpersonal communication
- extend skills in written and oral expression as relevant to the unit assessment tasks.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS2230 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
In this unit, students will gain an understanding of factors affecting the behaviour of people in work settings. The unit focuses on individual, group and total organisational human factors influencing the effectiveness of organisations.
This will include the nature of organisations in the global context; individual behaviour including perception, attitudes, values and personality, motivation and performance; group behaviour in organisations - the properties and management of groups, leaders and leadership, organisational power, influence, communication, conflict and decision making; organisational structure; organisational culture; change; and the formal and informal organisation.
Outcomes
The learning goals associated with this unit are to:
- examine theories of organisational behaviour (OB) to develop fundamental knowledge of OB as an area of management
- analyse OB issues from multiple workplace perspectives
- examine how managers can use knowledge of OB to manage individual employees and teams
- apply theoretical OB concepts to organisational situations using the case study method
- demonstrate skills in evaluation and analysis of OB concepts.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS2351 - International business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
Synopsis
This unit explores the international business environment including international trade and investment, and the legal, political, cultural and technological contexts faced by internationalising organisations. It covers the forms of operations available to the internationalising organisation, the impact of the multinational enterprise and international strategic planning.
Outcomes
The learning goals associated with this unit are to:
- examine the impact the international business environment has on the internationalisation process of an organisation
- evaluate the role and influence of government and international funding and trade organisations
- identify the strategic issues impacting on internationalising organisations
- analyse how entry mode choice and the functional areas of management, impact on the internationalisation of a firm.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS2430 - Human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit explores the strategic role of HRM in organisations, human resource planning, job design, staffing, performance management, training and development, reward systems, legal issues in employment, HR information systems and the contribution of HRM to competitive advantage.
Outcomes
The learning goals associated with this unit are to:
- understand the organisational role and context of HRM
- describe how HRM can contribute to the achievement of strategic and operational organisational objectives
- identify and describe the influence of an organisation's external environment on HRM
- identify the range of HR activities and techniques and explain how they can determine, acquire, develop, motivate and reward employees
- describe contemporary issues in managing human resources and discuss their influence on HRM
- demonstrate in an individual summative assessment task, a comprehensive understanding of the topics covered in the unit. This is demonstrated by the requirement that the student must attain a mark of at least 40% in the final summative assessment task.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS3130 - Organisational change and development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Ms Jennifer Nzonzo
(Second semester)
Unit guides
Synopsis
This unit introduces students to various concepts of organisational change and development. It covers topics including: theories of organisational development, organisational change and organisational transformation, the role of the organisational change practitioner, development of change interventions, employee responses to change and challenges of change.
Outcomes
The learning goals associated with this unit are to:
- introduce students to organisational change and development theories and develop fundamental knowledge of organisational change as an area of management;
- explore various models and analytical tools used by organisational change practitioners
- identify and critically evaluate a variety of organisational change interventions
- develop an understanding of the challenges that both managers and employees face when experiencing change
- develop critical thinking and analytical skills in applying organisational change theory to various workplace situations
- demonstrate in the individual summative assessment task a comprehensive understanding of the topics covered in the unit. This is demonstrated by the requirement that the student must attain a mark of at least 40% in the final summative assessment task.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS3210 - Organisational wellness
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Prerequisites
MGS1010 or equivalent.
Synopsis
This unit is designed to develop students' awareness of current theoretical perspectives on and of empirical evaluations of organisational initiatives designed to foster wellbeing at both the individual and organisational level. The unit will provide a macro-level framework for examining an organisation's social, ethical and environmental responsibility, followed by an examination of organisational level approaches to wellness including work/life initiatives and OH&S initiatives. At the micro-level, the unit will address strategies individual employees may use to manage their own state of wellness.
Outcomes
The learning goals associated with this unit are to:
- appreciate the relationship between the changing face of organisations into today's business environment and the need for managers to attend to organisational wellness
- identify predictors and consequences of 'wellness' and 'toxicity' in the organisational context
- describe and evaluate current organisational wellness initiatives
- analyse and evaluate current theoretical frameworks of 'wellness' in order to understand and devise 'healthy' organisation initiatives.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS3401 - Strategic management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
Business environments including markets, critical success factors, and strategies employed to gain a competitive advantage; the nature of strategic management; the analysis and interpretation of business environments; the nature of competition, relative position of firms, individual strategies and their relationship to critical success factors; strengths and weaknesses related to production, finance, research and development, marketing, administration; the role of structure, controls, rewards, culture and leadership in implementation.
Outcomes
The learning goals associated with this unit are to:
- identify factors that help companies to survive and prosper
- compare various business models and the actual processes of managing strategies
- evaluate various techniques of analysing situations that require a strategic response
- debate the factors that lead to strategy success and failure
- apply strategic management concepts in particular cases.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS3650 - Integrated business management simulation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Synopsis
This unit, as a final semester unit, integrates the business management knowledge, skills and attitudes students acquired throughout their bachelor study. The unit teaches students all the essential elements of running a business including strategic planning, leadership, teamwork, cause and effect relationships between functional areas (research and development, marketing, production and finance), satisfying customer demands, and competitive analysis in a simulated learning environment. More specifically, students will learn to understand the value of 'focusing' in the strategic implementation process, understand how decisions in one part of the business impacts other parts of the business, practice decision-making as a team across all key areas of a business, use the information from balance sheets, income statements and cash flow statements to improve business decision making, analyse competitors' performance and market positioning and build core competencies within the business to take a differentiation or low cost position in the marketplace.
Outcomes
The learning goals associated with this unit are to:
- understand the elements of strategic business planning
- study and understand the external factors that effect business
- study and apply business terminology
- identify and analyse the internal functional areas of business
- study and understand the basic principles of business finance
- understand and conduct analysis of competitors
- experience the effects of business decision making through simulation
- develop skills to work effectively in teams.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS3651 - Entrepreneurship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Entrepreneurship develops students' understanding and capacity to launch and manage new as well as innovative business ideas. A combination of theory and practice is integrated into the conceptualisation and application of the entrepreneur phenomenon and the entrepreneurship process. Students will be able to conduct self-evaluation and analysis of their surroundings in order to identify business opportunities that can be exploited to the benefit of the individual entrepreneur as well as the societies at large.
Outcomes
The learning goals associated with this unit are to:
- analyse and synthesise entrepreneurship conceptualisations
- evaluate the roles of entrepreneurs
- identify and evaluate the characteristics of entrepreneurs
- analyse and recommend business opportunities to launch an entrepreneurial career as well as developing business plans
- conduct a self-analysis and self-evaluation in the context of choosing and launching an entrepreneurial occupation to fit the individual student.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGS3991 - Leadership principles and practices
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This interactive unit examines principles and practices of leadership which are vital for aspiring leaders of the future. Through a personal portfolio of leadership concepts, character and competencies, students develop their potential for growth as strategic leaders of 21st century organisations. Inspiring stories of leadership successes and failures from exemplary leaders of the past and present, will guide the student's leadership journey to find their own authentic voice. A plethora of cutting-edge leadership materials (research articles, movies and videos, case studies, role-plays, games and self-assessments) will also be featured weekly to enhance the learning experience.
Outcomes
The learning goals associated with this unit are to:
- critically assess the strengths and weaknesses of major theories of organisational leadership
- formulate a framework of leadership that would help students make sense of their current and future leadership experiences and discern critical lessons drawn
- develop a higher self awareness of students own personalities, values, attitudes and styles, as well as strengths and weaknesses pertinent to their leadership aspirations
- construct a personal leadership philosophy outlining student's convictions on ethical and compassionate leadership, and its impact in real-world organisational contexts
- analyse and synthesise crucial roles and positive impacts that managers and leaders can make to organisations and their stakeholders.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW1010 - Introduction to management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Chong Yit Sean
(First semester and Second semester)
Associate Professor Motoki Watabe
(October intake)
Coordinator(s)
Dr Chong Yit Sean
(First semester and Second semester)
Associate Professor Motoki Watabe
(October intake)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- October intake 2019 (On-campus)
Synopsis
This unit offers a critical introduction to fundamental questions in the discipline of management. What is management? What do managers do, and how do I become a good manager? What are the effects of management practice on employees and their experience of being managed? Key contemporary issues of globalisation and cultural diversity, ethics and social responsibility affect the answers to these questions and are therefore woven throughout the curriculum. The unit draws upon a range of sources - academic, practical, popular cultural - to engage students in multiple ways of knowing about management.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a contextual appreciation of management as an evolving set of contested ideas for how managers may influence people, organisations, and their environments to achieve organisational goals
- identify what managers do in practice, and analyse how the various activities that comprise managing both shape and are shaped by individual and group behaviour and diversity in organisational settings
- critically evaluate the impact of contemporary management practices on employee experiences of being managed
- explain the concepts of stakeholder interests, ethics and responsible management and assess their implications for individuals and organisations in a global context
- apply research, analytical and communication skills required of the management discipline to address business challenges.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW1100 - Managerial communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is designed to develop students' awareness of communication issues within organisational settings and their own capacity as professionals to communicate effectively. The unit emphasises the importance of effective communication both oral and written, introduces models of communication and focuses on communication as process and transaction. Overall the unit is designed to allow students the opportunity to explore the ways in which intrapersonal, interpersonal, group and organisational communication are experienced within organisations.
Outcomes
The learning goals associated with this unit are to:
- describe the major theories underpinning managerial communication
- examine the relationships between different managerial communication theories and concepts
- discuss managerial communication in the context of organisational examples
- compare and contrast verbal and nonverbal messages and examine their impact on interpersonal communication
- extend skills in written and oral expression as relevant to the unit assessment tasks.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW1232 - Introduction to Islamic business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit introduces basic principles of business from an Islamic perspective. It provides an understanding of the importance of business and economic activities in Islam, and the ways of organising and managing such business and economic activities to satisfy broader societal and community expectations in an equitable and ethical manner. The unit encourages students to critically analyse and apply Islamic perspectives of entrepreneurial, financial, managerial, and marketing functions to satisfy the consumer and community needs of modern society. It also facilitates the understanding of the inseparable roles of science and business in satisfying consumer and community needs where joint initiatives from both sides can make significant contributions to societal well-being.
Outcomes
The learning goals associated with this unit are to:
- understand the basic principles of Islamic business in a modern society
- understand the equitable and ethical ways of organising and managing a business organisation for greater societal and community welfare
- critically analyse and interpret Islamic perspectives of entrepreneurial, financial, managerial, and marketing functions of an organisation in a modern society
- apply entrepreneurial, financial, managerial, and marketing functions in an organisation with Islamic principles and societal expectations in mind
- communicate effectively with the scientific, financial, consumer and broader stakeholder community to understand each other's role in a business and modern society.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW2230 - Organisational behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
In the fast-changing business environment today, organisations face various challenges in managing their employees. This unit introduces the key concepts and theories of organisational behaviour and explains how they can be applied to enhance the effectiveness of organisational, team, and employee outcomes. Topics include perception, attitudes, values, personality, motivation, teamwork, leaders and leadership, power and influence, and organisational culture.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate organisational behaviour concepts and theories at the individual, team and organisational levels
- analyse organisational behaviour concepts and theories in relation to generating creative solutions for achieving desired work outcomes
- understand the application of organisational behaviour concepts and theories in diverse industries and workforces.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW2351 - International business
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The international environment including international trade and investment, and the legal, political, cultural and technological contexts faced by internationalising organisations; forms of operations available to the internationalising organisation; the impact of the multinational enterprise; international strategic planning.
Outcomes
The learning goals associated with this unit are to:
- examine the impact the international environment has on the internationalisation process of an organisation
- evaluate the role and influence of government and international funding and trade organisations
- identify the strategic issues impacting on internationalising organisations
- analyse how entry mode choice and the functional areas of management impact on the internationalisation of a firm.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW2430 - Human resource management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
In a volatile, uncertain, complex, and ambiguous (VUCA) environment, the changes in the external environment can affect the workplace and its employees. The impacts can have numerous influences on human resource management (HRM) that plays an important role in attaining and sustaining firms in the competitive market. This unit introduces the fundamentals of HRM, its strategic role in organisations, HRM activities, and challenges faced by HRM in contemporary contexts. Topics such as HRM models and perspectives, current challenges of HRM, human resource planning, job design, staffing, performance management, training and development, and reward management.
Outcomes
The learning goals associated with this unit are to:
- explain the roles and functions of human resource management (HRM)
- critically examine key HRM models including the strategic HRM model and HRM perspectives by identifying the various outcomes for employees and organisations implied by the key models
- analyse the range of HR practices to acquire, develop, motivate and reward employees
- critically evaluate the contemporary issues in managing human resources.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW2991 - Leadership in Asia
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit covers an overall introduction to leadership with an emphasis on the Asian context. It covers relevant theoretical concepts as well as the practical, skill building approaches and learning drawn from actual experiences of organisational leaders. Specifically the unit begins by introducing definitions, meaning and relevance of leadership in organisations, followed by various theoretical approaches to leadership, the individual and internal (such as personality) and external (such as culture) elements of a leader, and concludes with the ways to develop effective communication and soft skills necessary in building leadership abilities. All of the topics will adopt an Asian perspective and consider the dynamic driving the environmental contexts within Asia.
Outcomes
The learning goals associated with this unit are to:
- define leadership and illustrate how it applies to all levels of management and external stakeholders
- critically analyse and apply conceptual frameworks, theories and models of leadership that recognise the impact of culture and society in the Asian context
- examine individual differences of leaders and critically analyse the impact of their ethical practices, power and influence in organisations in Asia
- explain and apply communication skills associated with leading organisational change in the Asian context
- critically evaluate the leadership behaviours of contemporary Asian business practitioners.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW3130 - Organisational change and development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces students to various concepts of organisational change and development. It covers topics including: theories of organisational development, organisational change and organisational transformation; the role of the organisational change practitioner; development of change interventions; employee responses to change; and challenges of change.
Outcomes
The learning goals associated with this unit are to:
- introduce students to organisational change and development theories and develop fundamental knowledge of organisational change as an area of management;
- explore various models and analytical tools used by organisational change practitioners
- identify and critically evaluate a variety of organisational change interventions
- develop an understanding of the challenges that both managers and employees face when experiencing change
- develop critical thinking and analytical skills in applying organisational change theory to various workplace situations
- demonstrate in the individual summative assessment task a comprehensive understanding of the topics covered in the unit. This is demonstrated by the requirement that the student must attain a mark of at least 40% in the final summative assessment task.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW3234 - Social entrepreneurship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The purpose of this unit is to examine and debate the critical role of social entrepreneurship in the modern business context. The unit will introduce students to social entrepreneurship and equip them with an understanding of the theoretical foundations and practical issues of social entrepreneurship. Key processes involved in the business of managing social enterprises such as the development and use of alternate yardsticks of performance measurement, approach to management of people, financing, and entrepreneurial leadership for social goals will be critically examined. Business models of social entrepreneurship will be introduced and critically evaluated in relation to conventional modes of practice. Topics studied will include definitions and background of social entrepreneurship; challenges and drivers of social entrepreneurship; processes and business models concerning social entrepreneurship.
Outcomes
The learning goals associated with this unit are to:
- understand the fundamentals and concepts of social entrepreneurship
- critically appreciate and understand the role of social entrepreneurship in the business context
- identity and analyse processes of social entrepreneurship
- identify and appraise challenges and opportunities in social entrepreneurship
- explore and understand the business models in social entrepreneurship.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW3381 - Management information systems
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The components of IT; characteristics of hardware, software and telecommunications; types of information systems; networking and the worldwide web; managing 'information' workers; using IT to promote business objectives and gain competitive advantage; systems development methodology; IT-enabled transformation to create adaptive, flexible organisations; social and system issues associated with IT; managerial problems posed by IT. Computer laboratory exposure to a variety of applications software including electronic mail, project management, graphics, and other decision support software.
Outcomes
The learning goals associated with this unit are to:
- define MIS in terms of its historical perspective and its role in organisations today
- list core principles of MIS and comment critically on their implications in improving the competitive position of businesses
- apply principles of management thought and practice in a simulated, competitive business environment
- define components of competitive intelligence and practice competitor analysis
- develop critical thinking skills and experience business decision-making from a long-term, senior manager's perspective and improve team skills.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW3401 - Strategic management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Business environments including markets, critical success factors, and strategies employed to gain a competitive advantage; the nature of strategic management; the analysis and interpretation of business environments; the nature of competition, relative position of firms, individual strategies and their relationship to critical success factors; strengths and weaknesses related to production, finance, research and development, marketing, administration; the role of structure, controls, rewards, culture and leadership in implementation.
Outcomes
The learning goals associated with this unit are to:
- identify factors that help companies to survive and prosper
- compare various business models and the actual processes of managing strategies
- evaluate various techniques of analysing situations that require a strategic response
- debate the factors that lead to strategy success and failure
- apply strategic management concepts in particular cases.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGW3681 - International management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
A study of management theory related to varying cultures, the multinational business enterprise and the significance of cross-cultural variables in the business environment. Topics include ethics and social responsibilities; communication; leadership; motivation, control and conflict; human resource management and industrial relations.
Outcomes
The learning goals associated with this unit are to:
- relate management theory to various and different cultures
- appreciate the complex challenges of the multinational business enterprise at the interpersonal and operational levels
- compare and contrast a range of cross-cultural variables in the business environment.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX2700 - Project management for small to medium enterprises
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
Project management for small to medium enterprises introduces the essential concepts, tools and techniques relevant to project management. The unit content covers the broad perspectives of managerial skills and knowledge required to initiate, implement, and evaluate successful projects. These perspectives include strategic planning, financial control, human resource management, and project evaluation. Throughout the unit, the application of relevant information technology and the pursuit of quality outcomes underpin and reinforce these perspectives.
Outcomes
The learning goals associated with this unit are to:
- explain the key concepts in project initiation including selection, feasibility, and planning
- identify and demonstrate, with examples, the implementation tasks including the preparation of cost estimates, tasks scheduling and project team leadership and coordination
- demonstrate methods to control projects and determine the criteria to evaluate projects
- describe the project completion process
- apply tools and principles to project management through use of information technology, setting quality standards, risk analysis, and identifying obstacles to project success.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX3100 - Corporate social responsibility and business ethics
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Dr Elizabeth Prior Jonson
(Caulfield and Prato)
Ms Priya Sharma
(Malaysia)
Unit guides
Offered
- Second semester 2019 (On-campus)
- First semester 2019 (On-campus)
- Winter semester 2019 (On-campus)
Prerequisites
Completion of 12 units (72 points) of study
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10039).
Synopsis
Do corporations have any responsibilities beyond profit maximisation? To what extent should business activities be left to the operation of the free market and to what extent should they be regulated through internal and external mechanisms? This unit examines the theoretical foundations of the different answers that have been given to these two fundamental questions. More specifically it examines the topics of ethical issues in marketing and advertising, climate change and environmental protection regulation and corporate governance, human resource management and social accounting.
Outcomes
The learning goals associated with this unit are to:
- identify important ethical issues that arise in various business contexts
- explain the implications of adopting different approaches to Corporate Social Responsibility
- critically assess the strengths and weaknesses of the different approaches to Corporate Social Responsibility
- critically assess the strengths and weaknesses of different mechanisms for regulating business behaviour
- apply different approaches to Corporate Social Responsibility and different approaches to regulation to issues specific to marketing, HRM, environment and social accounting.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
First and Second semester
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.
Winter semester
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
MGX3121 - International business strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Sharif Rasel
(Caulfield)
Ms Adlina Ahmad
(Malaysia)
Coordinator(s)
Dr Sharif Rasel
(Caulfield)
Ms Adlina Ahmad
(Malaysia)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Second semester 2019 (On-campus)
Synopsis
This unit will develop students' appreciation of unique location and distance attributes that significantly influence strategic business decisions. Students will use a range of analytical frames to critically explore international business strategy, including interrogating factors that impact international business strategy context, approaches to strategic analysis, and decision-making related to strategy implementation. It will further develop students' analysis and evaluation skills necessary to critically, ethically and perceptively communicate innovative solutions for current and future international business strategies and practices.
Outcomes
The learning goals associated with this unit are to:
- demonstrate the development of responsible international business citizenship characteristics in strategic business decisions
- critically analyse and evaluate international business contexts to offer evidence-based, innovative and perceptive recommendations for strategic decision-making
- design a critical and nuanced strategic implementation plan that responds to international business challenges
- demonstrate autonomous, collaborative and active research and professional skills to generate and communicate international business strategy knowledge, skills and ideas to others.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX3441 - Human resource strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Cathy Sheehan
Coordinator(s)
Associate Professor Cathy Sheehan
Unit guides
Synopsis
This unit identifies and develops the thinking skills that enable the formulation of innovative HR strategies that advance organisational needs and objectives to achieve sustainable competitive advantage by critically examining the relationship between HRM and organisational strategies. Topics typically include: the external and global environment for HRM, the dynamics of industry-based competition, strategic flexibility, and characteristics of innovative and value-adding HR practices and systems.
Outcomes
The learning goals associated with this unit are to:
- critically examine the theoretical links between strategy and HRM
- critically analyse how HRM can be used as a strategic tool to gain competitive advantage with respect to the global context
- formulate, evaluate and recommend solutions to strategic HRM problems
- critically analyse strategic HRM theories and practices and their applications to organisational realities.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX3771 - Operations management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Daniel Prajogo
Coordinator(s)
Associate Professor Daniel Prajogo
Unit guides
Prerequisites
12 units (72 points)
Synopsis
Unit covers the major activities within the operations function of businesses, both manufacturing and service. The essential role of operations is to deliver value to customers by providing the right products, at the right quality standard, in the right quantities, at the right times, and doing so at the right cost (efficiently). The key operations activities included in this unit starts from pre-production tasks (designing products and processes), resource and capacity planning, sequencing and scheduling of the operations, supply chain and inventory management, quality control, and improvement methods whereby the system and its procedures are modified in the light of learning process.
Outcomes
The learning goals associated with this unit are to:
- identify and describe the components of the operations management function in different types of organisations
- explain operations process planning and control including capacity, scheduling, inventory and materials requirements planning
- examine the concepts of managing people and processes as part of a manufacturing system
- analyse decision problems in operations and the relationship of operations decisions to other business decisions
- communicate in writing the results of analysis of operations.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX3991 - Leadership principles and practices
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Nathan Eva
(Clayton and Prato)
Mr Jeff Shao
(Caulfield)
Coordinator(s)
Dr Nathan Eva
(Clayton and Prato)
Mr Jeff Shao
(Caulfield)
Unit guides
Synopsis
This interactive unit examines principles and practices of leadership which are vital for aspiring leaders of the future. Through a personal portfolio of leadership concepts, character, and competencies, students develop their potential for growth as strategic leaders of the 21st century organisations. Inspiring stories of leadership successes and failures from exemplary leaders in the past and present will guide students' leadership journey to find their own authentic voice. A plethora of cutting-edge leadership materials (research articles, movies and videos, case studies, role-plays, games, self-assessments) will also be featured weekly to enhance students' learning experience.
Outcomes
The learning goals associated with this unit are to:
- critically assess the strengths and weaknesses of major theories of organisational leadership
- formulate a framework of leadership that would help students make sense of their current and future leadership experiences and discern critical lessons drawn
- develop a higher self awareness of students' own personality, values, attitudes, and styles as well as strengths and weaknesses pertinent to their leadership aspirations
- construct a personal leadership philosophy outlining students' convictions on ethical and compassionate leadership and its impacts in real-world organisational contexts
- analyse and synthesise crucial roles and positive impacts that managers and leaders can make to organisations and their stakeholders.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX4000 - Introductory management research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Basic introduction to research design in management; types of research designs; qualitative and quantitative data collection and measurement techniques; coding data; reliability and validity; qualitative and quantitative methods of analysis; interpreting and discussing results; structuring and writing the research report; integrating individual research into overall management literature.
Outcomes
The learning goals associated with this unit are to:
- critically analyse and interpret basic research designs in the management discipline
- construct research questions grounded in a theoretical and conceptual framework
- assess the appropriateness, types, and use of qualitative and quantitative data collection and analysis techniques as a means of investigating and answering research questions in the management discipline
- identify, search for, and locate secondary data and knowledge relevant to management research, as well as understanding the process of generating or collecting primary data
- develop academic writing skills appropriate to the discipline for reporting on business management research projects.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX4100 - Perspectives and paradigms in management theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701.
Synopsis
This unit analyses different ways in which management has been represented in management theory, and how these have affected judgements about the rationality and legitimacy of management practice.
Outcomes
The learning goals associated with this unit are to:
- identify the different perspectives from which a particular event or process may be viewed
- demonstrate a sound understanding of a selection of paradigms that are relevant for solving contemporary management problems
- critically assess the strengths and weaknesses of competing paradigms
- select a particular area of interest and appropriate paradigms for paradigm comparison.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX4200 - Data analysis for organisational research
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Graphical and multivariate data analysis techniques to communicate information derived from large scale survey data. Desktop and mainframe information technology is integrated to analyse data from various surveys. Teaching strategies include weekly workshop sessions dealing with the principles of data analysis; practical computer laboratory sessions; individual and team-based exercises.
Outcomes
The learning goals associated with this unit are to:
- select and conduct preliminary analyses of data in order to assess their suitability for further analysis
- demonstrate proficiency in the use of data analytic software such as SPSS
- analyse data using qualitative techniques (eg: content, thematic analysis) in order to answer research questions and/or test hypotheses
- analyse data using quantitative techniques (univariate, bivariate, multivariate) in order to answer research questions and/or test hypotheses
- interpret and report the results/findings obtained from qualitative and quantitative data analytic techniques.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX4300 - Contemporary issues in management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701.
Synopsis
Topics selected for emphasis will alter as contemporary issues change. The study of great ideas in management on motivation, job design, human resource management, ethics, social responsibility, leadership, production/operations management, business policy, strategy, and the management process are explored through the study of the works of major management scholars.
Outcomes
The learning goals associated with this unit are to:
- identify and critically examine a range of contemporary issues in management from a variety of theoretical and practical perspectives
- demonstrate a range of relevant scholarship/research skills in acquiring, integrating, interpreting, synthesising, utilising and communicating information about the contemporary issues examined
- summarise the major implications of the issues examined as they relate to their own lives and their careers in organisations, the theory and practice of managers and management, and the broader societal and environmental implications of the issues, both now and into the future
- demonstrate skills in written and inter-personal communication including creating effective learning environments for themselves and others.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MGX4400 - Honours research thesis
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Students work under the guidance of a supervisor to carry out research that addresses: a classic or contemporary disciplinary debate; a current policy issue; or a generic issue within management practice.
Outcomes
The learning goal associated with this unit is to design and execute an independent research project over the course of two semesters, under the guidance of a staff supervisor. Projects may be based in qualitative or quantitative methodologies, or may include a mixed methods approach. For example, a quantitative project based on surveys will typically require: elucidation of the research question, conduct of a critical review of the relevant literature in relation to the chosen topic area, deriving hypotheses, identifying a target population, gaining ethics approval, designing a questionnaire, gathering the data, analysing the data using appropriate techniques, drawing conclusions and producing a major analytical thesis of up to 20,000 words on the project.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload equals 576 hours per semester
See also Unit timetable information
MKB1700 - Fundamentals of marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Creating value for organisations, stakeholders, consumers, and even society as a whole, is a central theme in marketing.
In this unit you will be introduced to the marketing discipline and its role within an organisation. You will gain an understanding of key frameworks, concepts, and strategies used by marketers to address specific challenges and opportunities. Throughout this unit you will learn how to apply your newly-acquired knowledge to solve a range of marketing problems.
Given the importance of marketing in contemporary society, this unit is suitable for students seeking a career in marketing or wanting a basic understanding of the functions of marketing in an organisation.
Outcomes
The learning goals associated with this unit are to:
- describe fundamental marketing frameworks and concepts
- explain the role and influence of marketing in an organisational environment
- discuss how marketing concepts are used in the marketplace and everyday life
- apply key marketing concepts, tools, and techniques to a range of marketing problems
- discuss the role of marketing in creating value for an organisation and its stakeholders.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB2500 - Retail management principles
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Synopsis
This unit introduces the students to retailing from a management perspective. This includes the evolution of retailing; retail organisations and their structure; retail environment and the challenges; formulating and implementing retail strategy; merchandise management; retail pricing and communication mix; transportation and logistics; customer service; store location, layout and presentation; retail performance measurement.
Outcomes
The learning goals associated with this unit are to:
- describe and understand the theories, concepts, processes and procedures of retail management
- demonstrate how retail theory and concepts are applied in the retail sector
- develop the ability to integrate and apply various theories and concepts to critically evaluate a retail business
- develop the ability to design and implement strategies for a retail business.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB2703 - Consumer psychology
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
A key role of consumer psychology is to provide organisations with insights into how consumers think, feel, and act.
In this unit, you will explore the psychology behind consumer decision making and behaviour. You will examine ways in which marketers leverage consumer needs, motivations, and perceptions to configure product and service offerings. Using this knowledge, you will gain practical experience in developing consumer profiles as well as positioning and strategies for various products and services. This unit of study is also designed to strengthen students' skills in identifying consumer insights.
Outcomes
The learning goals associated with this unit are to:
- explain how psychological characteristics of consumers can influence consumer decision making
- discuss how external factors can influence consumer decision making
- discuss core theoretical explanations of consumer decision making
- apply acquired knowledge of consumer psychology to segment markets and develop appropriate marketing strategies.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB2704 - Consumer orientated marketing communications
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Eugene Chan
(Second semester)
Unit guides
Synopsis
This unit explores the development of marketing communication strategies to meet organisational objectives.
In this unit you explore the principles and practices of marketing communication and learn how to apply a range of marketing communication functions and tools to address different marketing problems and opportunities. Given the applied nature of this unit, you will also have the opportunity to develop an IMC plan that uses campaign messages and creative strategies in existing and emerging communication channels to engage consumers.
Outcomes
The learning goals associated with this unit are to:
- discuss the role of consumer integrated marketing communication in achieving organisational objectives
- identify and justify appropriate communication channels to reach different consumer audiences
- develop recommendations around appropriate media mixes to achieve campaign objectives for a specific target audience
- develop an appropriate consumer-focused integrated marketing communication plan for a specified audience
- develop recommendations around evaluating an IMC plan.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB2705 - Research methods and analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Research and research reporting helps businesses to make informed decisions about business strategy. Students taking this unit will gain a working knowledge of research methods and data analysis, which includes problem identification, hypothesis formulation and statistical testing. Students will also be provided with practical training in survey design and research report writing. The ability to analyse and synthesise research data is highly valued by industry.
Outcomes
The learning goals associated with this unit are to:
- explain the research process
- identify a business research problem
- plan a research proposal
- design a survey
- analyse and interpret data
- prepare a research report.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB2706 - Brand and product management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Developing and managing products and brands is important to firms and organisations seeking to gain and maintain competitive advantage.
Undertaking this unit will build your knowledge and skills in developing new products and brands. You will also gain a deeper understanding of different methods, frameworks, and theories used by organisations to build and maintain an appropriate portfolio of products and brands.
Particular emphasis is given to exploring contemporary issues and challenges facing firms and organisations in managing their brand equity in dynamic environments.
Outcomes
The learning goals associated with this unit are to:
- discuss the function of products and brands in firms and organisations.
- explain the models, concepts, and tools for new product development.
- evaluate the application of branding theories, concepts, and tactics across different firm and organisational contexts.
- apply acquired unit knowledge to develop appropriate strategies for building and managing brand equity
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB3801 - Sales and distribution
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Knowing how to effectively design and manage distribution channels and sales functions are core elements in the creation of customer value.
Students will acquire knowledge and skills in designing and managing distribution channels to meet organisational objectives. Specific focus will be given to understanding the role of the sales function within distribution channels and how this may differ across organisational contexts.
This unit will utilise business cases to help students achieve an in-depth understanding of why marketers must consider the dynamic nature of sales management and distribution channels when making strategic decisions.
Outcomes
The learning goals associated with this unit are to:
- explain the factors involved in designing and coordinating marketing channels in a variety of organisational contexts
- describe the dynamics of different selling situations
- critique and recommend effective sales strategies across different organisational contexts
- explain how sales management functions are integrated into channel management
- evaluate the potential for sales management and marketing channels to contribute to the creation of customer value.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB3802 - Professional services marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Professor Tracey Danaher
(Second semester)
Unit guides
Synopsis
The professional services industry continues to grow and evolve as the world shifts to a service-dominate economy.
Students taking this unit will be exposed to the important differences between product and services marketing. Students will develop professional services marketing strategies to improve service quality and customer satisfaction, generate customer loyalty, and to manage a healthy service experience. The ability to effectively manage and market professional services is highly sought after in industry.
Outcomes
The learning goals associated with this unit are to:
- identify the differences between product and services marketing
- apply marketing concepts to the professional services context
- develop marketing and service design strategies to address the unique challenges faced by the professional services industry
- evaluate the effectiveness of marketing and service design strategies in managing the service experience
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB3803 - Stakeholder marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Marketing involves communicating and engaging with many different stakeholders including customers, clients, internal partners, regulators and special interest groups.
Students taking this unit will gain a systemic understanding of the roles and functions of different marketing stakeholders. Students will also learn how to analyse and map the complex exchange relationships between a business and its internal and external stakeholders; and develop communication and engagement strategies. The ability to effectively communicate and engage with different stakeholders is highly sought after in industry.
Outcomes
The learning goals associated with this unit are to:
- understand the roles and functions of different marketing stakeholders
- identify and map the relationships between a business and its stakeholders
- conduct a marketing stakeholder analysis
- develop communication and engagement strategies for internal and external stakeholder groups
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKB3804 - Strategic marketing in social contexts
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The marketing discipline can add value beyond commercial settings, particularly in the not-for-profit and government sectors.
This capstone unit will consolidate your marketing knowledge using a marketing planning framework. You will use non-traditional marketing contexts to elevate your understanding of the role and purpose of marketing beyond commercial applications. Specifically, you will gain experience in applying marketing concepts and tools traditionally used for commercial purposes to a range of health and social contexts in order to bring about positive change in society.
The unit's strong focus on developing skills in the areas of planning and implementation will benefit students seeking to pursue careers in both the profit and not-for-profit sectors.
Outcomes
The learning goals associated with this unit are to:
- construct an appropriate marketing plan to achieve specific organisational objectives and goals
- discuss the role and use of social marketing in society
- apply commercial marketing tools with the aim of effecting positive change in society
- effectively communicate social marketing ideas and information to an organisational client.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC1200 - Principles of marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Ms Maureen Griffiths
(First semester)
Dr Pingping Qiu
(Second semester)
Coordinator(s)
Ms Maureen Griffiths
(First semester)
Dr Pingping Qiu
(Second semester)
Unit guides
Synopsis
Have you ever wondered what marketing is all about? This unit is designed to introduce students to the essential elements of marketing. It encompasses marketing's role in a dynamic business environment and leads students to understand how organisations use the principles of marketing to meet the needs of their customers and achieve their objectives. This unit provides a foundation for those students seeking to pursue further study of specialist marketing units; however it covers the broad scope of marketing sufficient for those students undertaking only one marketing unit.
Outcomes
The learning goals associated with this unit are to:
- describe key marketing concepts
- recognise the applications of these key marketing concepts in real-life situations
- discuss how these key marketing concepts can be used in analysing a range of marketing problems
- demonstrate how marketing helps organisations to satisfy their customers' needs and wants.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC2110 - Buyer behaviour in marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Dewi Tojib
Coordinator(s)
Associate Professor Dewi Tojib
Unit guides
Synopsis
Throughout their lives, consumers make both simple and complex decisions about acquiring, using, or disposing of offerings. Understanding how and why these decisions are made is of great interest to marketers. Marketers can use such knowledge to understand what is valued by consumers. Students taking this unit will explore both the internal and external influences on the consumer decision-making process. Students will also examine how marketers can make use of these consumer behaviour insights to better predict consumer behaviour, influence consumer decisions and develop consumer-orientated marketing strategies.
Outcomes
The learning goals associated with this unit are to:
- illustrate the application of consumer behaviour concepts, theories, and models that are relevant to the practice of marketing
- describe the different paths that consumers can engage in making decisions about acquiring, using, or disposing of offerings
- analyse both internal and external influences that impact upon the consumer decision-making process
- evaluate marketers' use of consumer behaviour insights in the development and implementation of consumer-oriented marketing strategies.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC2130 - Marketing decision analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
In the current information age, the value of marketing analytics in decision making is enormous. The Marketing Decision Analysis unit aims to provide students with the analytical knowledge and reasoning skills to analyse data, evaluate strategies and develop optimal decisions for a range of marketing issues. Students will be exposed to metrics and models that will assist them in making sound decisions and developing effective and efficient marketing programs.
Outcomes
The learning goals associated with this unit are to:
- equip students with the knowledge of a range of marketing metrics and models and an ability to apply them to analyse marketing scenarios, phenomenon, issues and problems
- develop a capability to interpret metrics and model outcomes, evaluate strategies and develop managerial recommendation
- recognise the strengths and limitations of various metrics and models.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC2500 - Marketing research analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit introduces sample survey methods, statistical techniques for the analysis of survey data and also introduces qualitative research techniques. It provides students with the knowledge and skills required to understand the role research methods play in problem identification, decision making, strategy development, marketing planning and the evaluation of marketing performance.
Outcomes
The learning objectives of this unit are to:
- describe the steps in planning and implementing marketing research projects
- demonstrate the skills and competencies required to conduct both qualitative and quantitative marketing research
- demonstrate the skills required to analyse and interpret sample data
- understand the role and importance of marketing research within organisations
- communicate the results of marketing research projects.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC2610 - Strategic retailing in the global market
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Strategic retail marketing is critical to maintain a company's competitive advantage and to manage retail operations effectively and efficiently. This unit aims to assist students to acquire a deeper understanding of the current retail environment in Australia and overseas. Students will study the global forces and local marketing trends that affect retailing strategies in both domestic and international markets. The issues to be considered when exporting or importing both product and retail brands will be studied. In addition to acknowledging the importance of brands in retail, this unit highlights various functions of brand management for developing successful retail strategies in the rapidly changing retail market.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of the operations, strategies, and performance of leading local and global retailers
- examine the key issues and challenges driving the nature and direction of change in the local and global retail markets
- distinguish various functions of brand management strategies and apply them to both the Australian and international retailing context
- integrate retail marketing and brand management strategies to maximise the effectiveness of retailing practice
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC3110 - Market analysis and strategy development
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit applies a market focus to the process of analysis and strategy development. Using marketing planning as a framework, the contribution of marketing strategies to the attainment of firm goals is explored.
Outcomes
The learning goals associated with this unit are to:
- distinguish the nature of marketing decisions that a firm makes according to the hierarchy of strategy
- explain the contribution that marketing makes to the value of the firm
- conduct analysis of the internal and external environments of an organisation that informs marketing strategy development
- formulate and recommend marketing strategies that add measurable value to the organisation
- develop the written and oral communication skills required to justify a strategic recommendation.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC3140 - Marketing strategy implementation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit forms the capstone of the marketing major and integrates the conceptual knowledge and skills developed in earlier marketing units and sharpens students' abilities to evaluate and implement marketing strategies. Particular emphasis is placed on implementing marketing, from action plans at the functional level through to creating a market oriented organisational culture.
Outcomes
The learning goals associated with this unit are to:
- discuss the issues associated with implementing marketing and marketing strategies within an organisation
- advocate the role of marketing and a marketing orientation within organisations
- identify, analyse and apply appropriate measurement criteria to assess the implementation and effectiveness of marketing strategies
- recommend appropriate implementation, monitoring and control plans for functional level marketing strategies
- evaluate and demonstrate the contribution marketing makes within the organisation.
Assessment
Within semester assessment: 50% + examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC3460 - Integrated marketing communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit builds on MKC1200 by extending the issues relating to communication. Conceptual framework for the planning, integration and control of the communication process; determining the communication options available to organisations; developing realistic communication objectives for different types of marketing communication; budgeting and allocating resources to the communication elements within the budget. Evaluating the effectiveness of the marketing communication plan and the strategic use of the techniques of advertising, sales promotion, publicity/PR and personal selling, sponsorship, direct marketing and the use of communication in electronic commerce.
Outcomes
The learning goals associated with this unit are to:
- critically evaluate the role of Integrated Marketing Communication in building brand equity
- employ a conceptual framework for the planning, integrating and control of the marketing communication process
- demonstrate the strategic use of each of the communication elements -- advertising, direct marketing, sales promotion and PR/publicity
- formulate relevant ideas on campaign message and creative strategies and discuss them
- recommend appropriate ways to evaluate a marketing communication campaign.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKC3500 - Survey data analysis
6 points, SCA Band 2, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
In today's dynamic business environment, organisations are eager to work with people who have strong problem-solving skills based on sound research practices. Building on prior knowledge of marketing research, this unit will enable students to strengthen their research and critical thinking skills using advanced statistical techniques. Students will use statistical software packages to apply these techniques to survey data, interpret the output, and discuss the results of their analysis. Students will learn how to follow the research process, confidently formulating research questions and hypotheses, right through to communicating research findings and making recommendations that can influence business practice. This unit is for students who want to know how using research is often a key point-of-difference for successful organisations.
Outcomes
The learning goals associated with this unit are to:
- state clearly the research problem and associated research questions
- design comprehensive survey instruments
- demonstrate a logical argument in hypotheses development, analysis and data interpretation on the basis of scientific reasoning
- have a knowledge and understanding of relevant quantitative techniques used in marketing research
- communicate and present research findings in oral and written form with clarity and conciseness.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF1120 - Marketing theory and practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Angela Cruz
(First semester)
Mr Peter Wagstaff
(Second semester)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Angela Cruz
(First semester)
Mr Peter Wagstaff
(Second semester)
Dr Elizabeth Snuggs
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester B 2019 (On-campus)
Synopsis
This unit provides students with an introduction to the discipline of marketing. It encompasses marketing's role in a dynamic organisational environment and introduces students to the concepts and strategies employed by marketers to create value for organisations and their stakeholders. The unit provides a foundation for those students seeking to pursue further study in marketing, however it also provides an insight into the interrelationship between marketing and other disciplines.
Outcomes
The learning goals associated with this unit are to:
- describe the theories and frameworks that form the basis of marketing
- recognise these theories and frameworks as they are applied by organisations
- explain how marketing creates value for an organisation and its stakeholders
- propose appropriate marketing actions in a range of scenarios.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF2111 - Buyer behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Gerri Spassova
(First semester)
Dr Eugene Chan
(Second semester)
Professor Mark Crosby
(City)
Coordinator(s)
Dr Gerri Spassova
(First semester)
Dr Eugene Chan
(Second semester)
Dr Tiffany Winchester
(City)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Trimester A 2019 (On-campus)
- Trimester C 2019 (On-campus)
Synopsis
This unit draws upon the concepts and theories developed in the social sciences to provide students with insight into the drivers of consumer behaviour. The knowledge obtained in this unit can be of significant benefit to both individual consumers, who can use it to make better consumption decisions, and to organisations who can apply it to develop more effective marketing strategies.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a detailed understanding of the consumer decision making process and the main factors that influence consumer behaviour
- use consumer behaviour concepts to evaluate and enhance the effectiveness of marketing strategies
- explain how this knowledge can be used to help consumers make better and more informed decisions.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF2121 - Marketing research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Bhoomija Ranjan
(Second semester)
Unit guides
Synopsis
The process of marketing research. Role of research in the marketing decision process. Developing key outputs -- brief, proposal, report. Planning and managing a research project. Qualitative and quantitative research techniques. Statistical analysis, marketing interpretation and reporting.
Outcomes
The learning goals associated with this unit are to:
- provide a working knowledge of key concepts and methods used in marketing research
- develop a capability in formulating a theoretical framework for a marketing problem/opportunity
- provide an understanding of how to formulate a research design
- develop an ability to apply SPSS statistical software
- develop an ability to interpret statistical output from a marketing perspective.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF2131 - Marketing decision analysis
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Stanislav Stakhovych
(First semester)
Dr David Lie
(Second semester)
Unit guides
Synopsis
With increasing availability of data and computing power, more and more companies are using data driven decision making, and data is becoming the heart of the corporate decision making process. In this unit, you will learn the power of marketing analytics and its effectiveness in making better decisions. Working with multiple marketing metrics and models, you will develop skills to identify problems, analyse data and develop optimal decisions for various marketing issues.
Outcomes
The learning goals associated with this unit are to:
- evaluate and use a range of marketing metrics and models, and apply them to analyse business problems
- develop a capability to interpret metrics and model outcomes, evaluate strategies and develop managerial recommendations
- recognise the strengths and limitations of various metrics and models.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF2401 - Marketing issues in packaging design
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Is there anyone who doesn't interact with packaging? What is the right kind of package? Packaging is part of doing business. It's part of marketing strategy. With more than thirty-five thousand different products lining the shelves and aisles of our stores, it's important for marketers to understand the role of packaging as it supports products in the marketplace. This unit introduces students to the importance of packaging and the social, economic, environmental and sustainable components that are driving packaging decisions. Through a focused studio component, students design and create their own packages.
Outcomes
The learning goals associated with this unit are to:
- discuss the importance of packaging as an element of product design
- analyse the economic, environmental, legal and social factors associated with packaging and the broader packaging context
- examine the relationship between packaging and branding
- develop, document and evaluate packaging strategies.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF2521 - Brand management
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Mustabshira Rushdi
(First semester)
Mr Peter Wagstaff
(Second semester)
Coordinator(s)
Dr Mustabshira Rushdi
(First semester)
Nicholas Grigoriou
(Second Semester)
Unit guides
Synopsis
A brand is much more than a logo, a symbol, a sign or device, or simply the result of clever advertising. It helps to communicate value and create and deliver that value. Branding is a promise of value for customers. It helps to attract and, if it is true and accurate, keep customers. It provides an extra element of understanding or meaning, for customers as they form opinions and make purchase decisions from a variety of competing offerings. There is strong industry demand for graduates with a thorough understanding of branding. While this unit is primarily for students undertaking a major in marketing it is offered to any student with a prerequisite of an introductory marketing unit.
Outcomes
The learning goals associated with this unit are to:
- examine the brand and the various functions of brand management
- describe the various components of a brand and how they interact
- analyse branding techniques and apply them to a variety of different issues
- generalise and hypothesise from branding theory into branding practice.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF2540 - Retail management principles
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
An overview of retailing from a management perspective. The development of retailing; the Australian retail industry and its environment; merchandising planning, control and distribution; pricing merchandise; selling and sales promotion; store location, layout and presentation.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of the retail industry and identify the different retail formats in Australia and abroad
- identify the processes and procedures involved in retail planning and management
- develop skills for analysing a retail business
- identify and analyse retail trends and their implications
- create a retail store strategy while utilising various theoretical and practical tools.
Assessment
Within semester assessment: 55% + Examination: 45%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF2801 - Marketing insights
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Mr Paul Murphy
(First semester)
Mr David Toleman
(Second semester)
Coordinator(s)
Mr Paul Murphy
(First semester)
Mr David Toleman
(Second semester)
Unit guides
Prerequisites
MKF1120 or equivalent.
Synopsis
This unit bridges the market research process and strategy development by introducing students to industry and competitor analysis, as well as trend and consumer insight techniques, through the synthesis of secondary data. Understanding these macro insights is a fundamental part of the marketing landscape. By forecasting trends, managers can better understand what drives and motivates consumers. The synthesis of such secondary data can greatly assist in the development of successful marketing strategies.
Outcomes
The learning goals associated with this unit are to:
- demonstrate the skills required to conduct, analyse, and interpret secondary data
- track and analyse trends and use them to inform strategy
- use secondary research to draw strategic implications and form recommendations
- appraise the role and importance of trends analysis and consumer insight techniques within organisations.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3001 - Special studies unit
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Prerequisites
Permission required
Synopsis
Proposals to undertake a special studies subject should be prepared before the start of the semester, in order for the student to arrange a supervisor and finalise a viable study program (with a written contract detailing performance requirements and assessment methods).
Outcomes
The learning goals associated with this unit are to:
- design an individual project to meet specific needs
- formulate a number of questions to be answered by the project
- identify and critically analyse data relevant to the project
- recommend an outcome based on the project findings.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3121 - Marketing planning and implementation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
For students in B2003, B20033, B2012, B2013, B2018 must have passed MKF1120 and MKF2111 and MKF2801 and one more (any) Marketing unit.
For students in any other courses (pre 2016) must have passed MKF1120, MKF2111 and any two other Marketing units.
Co-requisites
Students must be enrolled in course B20033 or associated double degree program.
Prohibitions
Synopsis
"Failing to plan is planning to fail."
The use of a marketing planning framework is known to increase the likelihood of an organisation achieving its objectives. Be it for a specific product or a brand portfolio, goods or services, for profit or not for profit, organisations large or small, effective marketing strategies are based on a systematic analysis of the organisation's current situation, its customers, competitors and context. Drawing and building on knowledge from other marketing units, students will work in teams to create a marketing plan for a client.
Outcomes
The learning goals associated with this unit are to:
- explain the nature and role of marketing planning in the broader organisational context
- construct and present a marketing plan
- demonstrate the value created by the marketing plan in relation to the achievement of marketing and organisational objectives
- discuss the complexities associated with implementing a marketing plan, and marketing, within an organisation
- employ the knowledge, skills and capabilities of team members while constructing and presenting a marketing plan.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3131 - Strategic marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Using the case study method this unit provides an analytical framework from which students can explore how marketing strategy is applied throughout a variety of industries. Students will be taught how to analyse, evaluate and implement marketing strategy. A theoretical grounding in introductory marketing, marketing research, buyer behaviour and communications is essential to students undertaking this unit.
Outcomes
The learning goals associated with this unit are to:
- integrate the theoretical and functional aspects of marketing (and other business disciplines) into a practical problem-solving framework
- analyse information supplied from a case and identify the core marketing problem
- design, evaluate and recommend marketing strategies that solve the identified core marketing problem
- source and select relevant marketing theories and marketing tools to support analysis and recommendations.
Assessment
Within semester assessment: 75% + Examination: 25%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3151 - Marketing planning and strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit emphasises the role of marketing decision making in contemporary organisations, with particular focus on the marketing planning role and the formulation of marketing strategies.
Outcomes
The learning goals associated with this unit are to:
- describe the scope of the marketing management function and its role within organisations
- develop marketing mix strategies that are based on an analysis of an organisation's situation
- demonstrate an understanding of the implementation issues associated with recommended strategies
- develop and enhance appropriate analytic, written and oral communications skills required for the effective presentation of marketing strategies.
Assessment
Within semester assessment: 70% + Examination: 30%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3301 - Services marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
An in-depth analysis of the marketing techniques that apply to service organisations and industries including service design and delivery, customer service, service quality measurement and internal marketing.
Outcomes
The learning goals associated with this unit are to:
- define a service and understand the implications of this on marketing research, buyer behaviour, classification of services and internationalising services
- design a service using blueprinting and the servuction model
- develop and implement promotional, pricing, product, distribution strategies for a service giving consideration to the demand management implications
- explain the importance of the measurement of service quality, giving consideration to relationship marketing theory.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3461 - Marketing communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The primary aim of this unit is to explore the use of marketing communication to build and sustain brands, based on knowledge of how communication works, the institutions which participate in the process and the practical business processes necessary to achieve and measure defined communication goals. In particular, students will be able to understand the integrated nature of communication and develop a full appreciation of advertising, sales promotion, public relations, publicity and direct marketing in a digital and contemporary environment.
Outcomes
The learning goals associated with this unit are to:
- understand and describe communication theories, processes and models
- construct an integrated marketing communication plan, including situation analysis, target audience analysis, communication objectives, communication strategy, creative strategy, media strategy, scheduling, budgeting, and monitoring and evaluation procedures
- discuss, present, and critically evaluate practical issues in marketing communication using appropriate theories and terminologies.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3471 - Sales management and negotiation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Customer contact and relations. A broad overview of the sales area focusing on business to business and person to person activities. Issues include interpersonal persuasion and influence. In addition to these knowledge-based topics, the unit exposes students to practical interpersonal skills involving persuasive group presentations, negotiations and sales. It covers areas of management, which focus on buying-centre/selling team relationships. There is a focus on the relationship between the functions of marketing and sales within organisations and the effect on corporate performance.
Outcomes
The learning goals associated with this unit are to:
- evaluate different selling situations and select appropriate selling approaches to implement
- demonstrate an ability to communicate and negotiate persuasively and professionally in a sales setting
- apply the key elements of sales management, personal selling and negotiation theory, specific to business relationships
- recommend appropriate sales management strategies for recruitment, selection, development, supervision, motivation and evaluation of salespeople.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3531 - International marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Contemporary issues in international trade and their potential to impact on the marketing initiative of companies; the economic, political, geographic, demographic and cultural issues which influence national business environments; the conduct and outcome of market research in other countries.
Outcomes
The learning goals associated with this unit are to:
- explain the issues facing the global marketplace and their influence on strategic marketing decision-making especially in the functional areas of marketing
- critically analyse the volatile and changeable nature of international markets and be able to apply marketing theories and knowledge accordingly
- evaluate the issues associated with market entry and the impact on long term survival in a target international market
- critically assess alternative market entry strategies and their relative value in different markets
- formulate marketing plans for international operations especially in the Asia-Pacific region.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3621 - Advertising management and campaigns
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Jasmina Ilicic
(Second semester)
Unit guides
Synopsis
Do you want to understand the strategic and creative thinking needed to develop successful advertising like the memorable 'Happy Little Vegemite' campaign and Metro's viral sensation, 'Dumb Ways to Die'? If so, this unit is for you! In Advertising Management and Campaigns, students will utilise concepts of synergy and integration to design and execute a real world strategic advertising campaign, putting theory into practice. Students also walk away with in-depth knowledge of the advertising industry and the relationships that exist within. With a priority on industry engagement, students will gain the skills and knowledge to confidently begin a career in the advertising industry.
Outcomes
The learning objectives of this unit are to:
- investigate the importance of synergy and integration within the advertising industry, in particular, the process and relationships between the client and its various agencies
- analyse the effectiveness of strategic advertising campaigns to determine industry best practice
- design and execute a strategic advertising campaign, integrating market research, media planning, and creative resources based on a brief from industry
- apply the pitch process to present a persuasive advertising campaign to a professional client
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKF3881 - Digital marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Mr Peter Wagstaff
(First semester)
Dr Joris Demmers
(Second semester)
Coordinator(s)
Mr Peter Wagstaff
(First semester)
Dr Joris Demmers
(Second semester)
Unit guides
Synopsis
Traditional business disciplines are starting to appreciate the fundamental challenges presented by the application of technology to their knowledge base. In marketing the most visible agent of change has been www and online transacting which has already revolutionised a number of sectors of the world economy. This subject takes marketing and traditional views of marketing and exposes them to critical analysis in the light of technological change. It explores how marketers can utilise different ways of understanding, creating, communicating and delivering customer value in the marketplace.
Outcomes
The learning goals associated with this unit are to:
- critically reflect how traditional marketing structures and concepts, techniques and activities translate into the digital marketing medium
- advocate an integrated perspective of how digital marketing contributes to value creation for all stakeholders
- critically review markets, and create and develop innovative digital solutions to fulfil identifiable needs
- adapt and implement theory and practice to the rapidly evolving digital marketing environment.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS1120 - Marketing theory and practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
This unit provides an introduction to marketing activities undertaken by business, government, profit and non profit organisations. It explores marketing theory, the marketing concept and its evolution from a strategic and applied perspective, development of corporate and marketing strategic plans, analysis of an organisation and marketing's role, value-exchange processes, buyer behaviour, marketing research and market analysis, the marketing environment, the use of marketing decision making tools, product concepts, strategies and development, distribution, pricing and communication mix strategies, services marketing, marketing management, and implementation and control processes and procedures.
Outcomes
The learning goals associated with this unit are to:
- describe the key concepts upon which the practice of marketing is based
- recognise these concepts in the marketplace and in everyday life
- discuss the role and influence of marketing in the organisational environment
- discuss how key marketing concepts can be used in analysing a range of marketing problems.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS2402 - Consumer behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
Synopsis
This unit explores behavioural concepts and theories relating to consumer behaviour and the consumer decision making process. It will include a study of consumer behaviour influenced by individual socio-cultural factors such as family, social groups and group processes, social class, culture and subculture and a consumers individual factors such as motivation and needs, perception, learning, personality and lifestyle attitudes. An overview of organisational buying will be provided.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a detailed understanding of the basic concepts of consumer behaviour and describe how this knowledge can be used by marketers
- demonstrate the ability to segment markets using consumer behaviour concepts/constructs
- identify and illustrate how these concepts can be used to explain the decisions buyers make in the marketplace
- analyse the behaviour profiles of specific market segments and understand the basic aspects of strategy development as it applies to specific target groups
- explain and apply marketing communication in relation to consumer behaviour.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS2420 - Marketing research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester A 2019 (On-campus block of classes)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
This unit is an introduction to the process of marketing research and the role of research in the marketing decision process. Key outputs include: developing a brief, a proposal and a report, planning and managing a research project, qualitative and quantitative research techniques, statistical analysis, marketing interpretation and reporting.
Outcomes
The learning goals associated with this unit are to:
- define the purposes and scope of marketing research methods
- illustrate the processes and techniques on quantitative and qualitative research
- demonstrate skills on writing a research proposal and the conduct of a research study by applying appropriate research design
- develop competencies to analyse and interpret data by applying basic statistical tools
- critically assess the relevance of information for marketing decision making.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS2431 - Business marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Offered
- Second semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
Topics include the nature and environment of business marketing, buying process in business marketing, marketing intelligence and business market targeting, networking and relationship, planning a business marketing mix strategy, and ethical issues in business marketing.
Outcomes
The learning goals associated with this unit are to:
- define and explain the dynamic nature of business marketing
- illustrate the organisational buying decision process and the role of buying centre in buying decisions
- develop competencies in business marketing strategy components
- demonstrate application of marketing theories and concepts in the management of business marketing functions
- critically evaluate the techniques that can be used to assess market opportunities.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS2460 - Integrated marketing communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit is designed to provide students with a theoretical and practical appreciation of the central role marketing communication plays in the general business environment. The unit provides a framework for examining, analysing and evaluating various aspects of the marketing communications process and the relevant marketing communications tools most commonly used. It is further designed to assist business managers to make choices regarding which marketing tools to use under a variety of dynamic environments. Topics covered include: advertising, PR, personal selling, direct selling, Internet marketing, sponsorship, sales promotion and emerging technologies and their potential.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a detailed understanding of the marketing communication strategies used to build brands
- understand and apply marketing communication functions
- analyse and apply the marketing communication processes as they apply to specific targets
- analyse the social, legal and ethical issues associated with marketing communication from both a national and international perspective
- determine and apply the processes associated with evaluating the effectiveness of marketing communications across a range of media vehicles.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS3121 - Marketing planning and implementation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
The development of corporate marketing strategies; marketing planning procedure; evaluation and control in marketing planning; international case studies in corporate marketing planning and strategy; concepts of product management; designing a product strategy; monitoring planning/marketing.
Outcomes
The learning goals associated with this unit are to:
- define the relationship between corporate planning and marketing planning in a business environment
- demonstrate the relationship between corporate objective setting and marketing objective setting
- construct or prepare a marketing plan, which incorporates the specific elements of the marketing mix to achieve specific marketing objectives
- develop and enhance appropriate written and oral communications and analytical skills required for the effective presentation of a marketing plan
- understand how a marketing plan is implemented in practice.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS3440 - Marketing strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit explores corporate strategy and marketing strategy, strategic perspectives on buyer behaviour, strategic use of marketing mix variables such as communication, pricing, distribution, product, external and internal decision environments, market position and analysis, corporate and marketing strategic direction, managing marketing strategy planning and control.
Outcomes
The learning goals associated with this unit are to:
- critically analyse the effectiveness of marketing strategy at different levels of the organisation using case studies
- apply marketing theories and model to analysing and formulating marketing strategy analysis and formulation processes
- assess the role of segmentation, targeting and positioning strategy and the marketing mix elements in the strategy making process
- formulate and recommend strategic solutions that add measurable value to the organisations used in case studies
- examine the feasibility of implementing and controlling chosen marketing strategies.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS3444 - International marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Summer semester B 2019 (On-campus block of classes)
Synopsis
The unit covers environmental factors affecting international marketing, the field of international business, international marketing research and marketing decisions, entry strategies, marketing planning, controlling and strategy for international business.
Outcomes
The learning goals associated with this unit are to:
- analyse and evaluate how a range of international marketing criteria impact on a chosen and specific foreign market
- develop, analyse, justify and evaluate market entry and longer term foreign marketing plans for a specific market
- understand how current issues, trends and research in international marketing impact on designated foreign market segments
- identify and evaluate how a range of specialised, localised and specific issues might impact upon business activity within a designated foreign market segment
- utilise independent critical thinking and applied learning skills to develop an international marketing orientation in terms of a chosen market context.
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS3631 - Marketing internship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Not offered in 2019
Prerequisites
Approval to enrol in this unit will only be given after consultation with the unit leader. Normally students will be required to be in the final year of their degree, and preferably in their final semester.
Prohibitions
Synopsis
This unit aims to give students first-hand experience of working in an industry in which they would like to be employed on graduation. Internships are designed to provide students with an opportunity to integrate marketing theory with business practice. Separate internship programs are drawn up for each student.
Outcomes
The learning goals associated with this unit are to:
- critically analyse a marketing activity
- evaluate the impact of a specific marketing theory within a business context
- evaluate the experience of working within an organisation
- communicate clearly and effectively with both business and academic stakeholders.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKS3881 - Electronic marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
Traditional business disciplines are starting to appreciate the fundamental challenges presented by the application of technology to their knowledge base. In marketing, the most visible agent of change has been WWW and online transacting which has already revolutionised a number of sectors of the world economy. This subject takes marketing and traditional views of marketing, and exposes them to critical analysis in the light of technological change. It explores how marketers can utilise different ways of understanding, creating, communicating and delivering customer value in the marketplace.
Outcomes
The learning goals of this unit are to:
- illustrate insight into how traditional marketing structures and concepts, techniques and activities translate into the electronic marketing medium
- demonstrate an integrated perspective of how electronic marketing contributes to value creation for all stakeholders
- illustrate an ability to analyse the market and to create and develop innovative electronic solutions to fulfil identifiable needs
- combine theory with the pragmatism required to effectively traverse the divide between marketing and delivering an electronic solution to market needs.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW1120 - Marketing theory and practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Low Koon Huat
(First and Second semester)
Dr Stephanie Cheah
(October intake)
Coordinator(s)
Associate Professor Low Koon Huat
(First and Second semester)
Dr Stephanie Cheah
(October intake)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- October intake 2019 (On-campus)
Synopsis
Introduction to marketing activities undertaken by business, government, profit, non profit organisations. Marketing theory, the marketing concept and its evolution from a strategic and applied perspective; development of corporate and marketing strategic plans; analysis of an organisation and marketing's role, value-exchange processes, buyer behaviour, marketing research and market analysis, the marketing environment, the use of marketing decision making tools; product concepts, strategies and development; distribution, pricing and communication mix strategies; services marketing; marketing management, implementation and control processes and procedures.
Outcomes
The learning goals associated with this unit are to:
- describe the key concepts upon which the practice of marketing is based
- recognise these concepts in the marketplace and in everyday life
- discuss the role and influence of marketing in the organisational environment
- discuss how key marketing concepts can be used in analysing a range of marketing problems.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW2402 - Consumer behaviour
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
Every student, and in fact, every individual is a consumer. Consumer behaviour is a study of the factors that explain and predict consumption related behaviour in individuals and organisations alike. Behavioural concepts and theories relating to consumer behaviour and consumer decision making process are covered.
Consumer behaviour focuses on individual factors, such as motivation and needs, perception, learning, personality and lifestyle attitudes. All these intrinsic factors influence consumption behaviour. On the other hand, consumer behaviour covers external socio-cultural factors such as family, social groups and group processes, social class, culture and subculture. These external influences often have a bearing on consumption behaviour. Students gain a better understanding of the consumer and influences of consumer behaviour.
Outcomes
The learning goals associated with this unit are to:
- identify and explain the importance of consumer behaviour theories and concepts for organisations
- demonstrate an ability to effectively research the theoretical basis of consumer behaviour
- apply knowledge of consumer behaviour to the process of identifying and profiling market segments
- demonstrate an appreciation of how marketers use consumer behaviour theories and information in developing marketing strategies.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW2420 - Marketing research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Dr Fandy Tjiptono
(First semester)
Dr Ewe Soo Yeong
(Second semester)
Coordinator(s)
Dr Fandy Tjiptono
(First semester)
Dr Ewe Soo Yeong
(Second semester)
Unit guides
Synopsis
The process of marketing research. Role of research in the marketing decision process. Developing key outputs -- brief, proposal, report. Planning and managing a research project. Qualitative and quantitative research techniques. Statistical analysis, marketing interpretation and reporting.
Outcomes
The learning goals associated with this unit are to:
- define the purposes and scope of marketing research methods
- illustrate the processes and techniques on quantitative and qualitative research
- demonstrate skills on writing a research proposal and the conduct of a research study by applying appropriate research design
- develop competencies to analyse and interpret data by applying basic statistical tools
- critically assess the relevance of information for marketing decision making.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW2431 - Business marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Low Koon Huat
Coordinator(s)
Associate Professor Low Koon Huat
Unit guides
Synopsis
Topics include the nature and environment of business marketing, buying process in business marketing, marketing intelligence and business market targeting, networking and relationship, planning a business marketing mix strategy, ethical issues in business marketing.
Outcomes
The learning goals associated with this unit are to:
- define and explain the dynamic nature of business marketing
- illustrate the organisational buying decision process and the role of buying centre in buying decisions
- develop competencies in business marketing strategy components
- demonstrate application of marketing theories and concepts in the management of business marketing functions
- critically evaluate the techniques that can be used to assess market opportunities.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW2460 - Integrated marketing communication
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit is designed to provide students with a theoretical and practical appreciation of the central role marketing communication plays in the general business environment. The unit provides a framework for examining, analysing and evaluation various aspects of the marketing communications process and the relevant marketing communications tools most commonly used. It is further designed to assist business managers to make choices regarding which marketing tools to use under a variety of dynamic environments. Topics covered include: advertising, PR, personal selling, direct selling, Internet marketing, sponsorship, sales promotion, emerging technologies and their potential.
Outcomes
The learning goals associated with this unit are to:
- demonstrate a detailed understanding of the marketing communication strategies used to build brands
- understand and apply marketing communication functions
- analyse and apply the marketing communication processes as they apply to specific targets
- analyse the social, legal, and ethical issues associated with marketing communication from both a national and international perspective
- determine and apply the processes associated with evaluating the effectiveness of marketing communications across a range of media vehicles.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW2500 - Retail marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
This unit is designed to provide students with a theoretical and practical appreciation of marketing principles in the general retail business environment. The unit provides a framework for examining, analysing and applying various marketing tools in the formulation and implementation of retail marketing strategies. Topics covered include merchandising planning; merchandise pricing; selling and sales promotion; store location, layout and presentation.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of the retail industry and identify the different retail formats in Malaysia and internationally
- demonstrate a working knowledge of the application of marketing principles in the retail sector
- identify and analyse retail trends and their implications
- equip students with the skills necessary to analyse retail marketing practices
- develop the ability to design and implement retail marketing strategies.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW3300 - Introduction to social commerce
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Unit guides
Synopsis
The aim of this unit is to provide e-business students with basic knowledge of how e-commerce activities are handled using online social media. Students will learn about concepts that include theories in social commerce, social commerce strategy, benefits and limitations of social commerce, Facebook commerce, social media marketing, performance management and metrics of social commerce, customer relationship management in social media, issues in social commerce implementation and qualitative and quantitative social media analysis.
Outcomes
The learning goals associated with this unit are to:
- identify the various tools of social media and describe how those tools are used to engage customers
- identify, analyse and critically assess the suitability of various social commerce models and strategies for various e-businesses
- explain the various principles and theories of social commerce
- describe, explain and propose the appropriate marketing communication that could be conducted in various social commerce models
- describe how social commerce aids customer relationship management
- explain and understand the implementation issues in social commerce.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW3301 - Services marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
MKW2402 and two units (12 points) at level 1 or 2 from the Department of Marketing.
Synopsis
An in-depth analysis of the marketing techniques that apply to service organisations and industries including service design and delivery, customer service, service quality measurement and internal marketing.
Outcomes
The learning goals associated with this unit are to:
- define and explain service and understand the implications of this on marketing, buyer behaviour, classification of services and internationalising services
- design a service using blueprinting and the servuction model, including managing service encounters and building loyalty
- develop and implement promotional, pricing, product, distribution strategies for a service giving consideration to the demand management and service positioning implications
- explain the importance of the measurement of service quality, giving consideration to relationship marketing theory, complaint handling and service recovery.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW3440 - Marketing strategy
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
Corporate strategy and marketing strategy, strategic perspectives on buyer behaviour, strategic use of marketing mix variables such as communication, pricing, distribution, product, external and internal decision environments, market position and analysis, corporate and marketing strategic direction, managing marketing strategy -- planning and control.
Outcomes
The learning goals associated with this unit are to:
- critically analyse the effectiveness of marketing strategy at different levels of the organisation using case studies
- apply marketing theories and model to analysing and formulating marketing strategy analysis and formulation processes
- assess the role of segmentation, targeting and positioning strategy and the marketing mix elements in the strategy making process
- formulate and recommend strategic solutions that add measurable value to the organisations used in case studies
- examine the feasibility of implementing and controlling chosen marketing strategies.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW3444 - International marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit covers environmental factors affecting international marketing, the field of international business, international marketing research and marketing decisions, entry strategies, marketing planning, controlling and strategy for international business.
Outcomes
The learning goals associated with this unit are to:
- analyse and evaluate how a range of international marketing environmental factors impact on selection of a foreign market
- develop, analyse, justify and evaluate market entry and longer term foreign marketing operation plans for a chosen market
- understand how current issues, trends and contingencies in global environment impact on marketing programs
- identify and evaluate how a range of specialised, localised and specific issues might impact upon business activity in a foreign market segment
- utilise critical thinking and applied learning skills to develop an international marketing orientation in a chosen market context.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKW3610 - Marketing strategy and implementation
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The development and implementation of effective marketing strategies is one of the key success factors for marketers in competitive markets. This unit provides an integrated perspective of the planning, implementation, evaluation, and control of marketing strategies. In doing so, the unit focuses on the practical application of marketing and other strategy-related concepts, techniques and analytical tools in marketing decision-making processes.
Outcomes
The learning goals associated with this unit are to:
- critically analyse and evaluate the effectiveness of marketing strategy at different levels of the organisation
- analyse the role of segmentation, targeting and positioning strategy and the marketing mix elements in the strategic making process
- develop a marketing plan, which incorporates the specific elements of the marketing mix to achieve specific marketing objectives
- develop and enhance appropriate written and oral communications and analytical skills required for the effective presentation of marketing strategies
- evaluate the feasibility of implementing and controlling chosen marketing strategies.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX2531 - Not for profit marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit will introduce students to the unique features of Not for Profit Marketing. In this very diverse sector, commercially derived marketing concepts have played an important role, but also face some special challenges. The aim is to explore the similarities, differences and challenges for marketing in social and political marketing, government and education marketing, arts and culture marketing using examples from Australia and around the world.
Outcomes
The learning goals associated with this unit are to:
- explain the importance of marketing in the not for profit organisation
- compare and contrast marketing in not for profit and for profit organisations
- describe the adjustments marketing must address in not for profit organisations
- illustrate appropriate marketing from the not for profit sector
- practice communication skills for marketing in not for profit organisations.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX3200 - Sport marketing and sponsorship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
The unit introduces the omnipresence of sport in Australian society, the interconnectedness of sport and business, particularly marketing, and those factors that differentiate sport marketing from mainstream marketing. The unit will draw on the rapidly expanding body of literature on sport marketing and sponsorship. Students will also be introduced to the most current marketing concepts and their relevance to sport marketing and sponsorship. Students will develop an appreciation of sport sponsorship as a co-marketing alliance.
Outcomes
The learning goals associated with this unit are to:
- discriminate between the marketing of sport properties, and the marketing through sport properties in the form of sponsorship and the implications for strategy development
- critically assess the relevance of the contingency marketing planning framework for sport marketing
- develop a fan profile based on level of team identification as an indication of fan loyalty
- determine the role of sponsorship in marketing and in particular in marketing communication and branding strategy
- critically analyse effective methods for evaluating sponsorship.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX3481 - Marketing channels
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
MKF1120 or equivalent.
Synopsis
The marketing task is not complete until customers receive their goods. Distribution is the process that makes that happen. The primary aim of this unit is the development and management of distribution channels in order to meet your marketing objectives. The unit is designed to help you systematically analyse the various channel functions and strategies. Mastering the principles that will be discussed in this unit will also help you in understanding Supply Chain issues. It is important to note however, that this unit is NOT about supply chain management but rather about the role of channels as a marketing strategic element. Some topics of supply chain management of course will be discussed from a marketing perspective. In order to better understand the theory in the context of the business world actual business cases are used throughout the lectures and tutorials.
Outcomes
The learning goals associated with this unit are to:
- recognise the importance of marketing channels, as a strategic element of marketing
- understand the elements and work flows in marketing channels
- appreciate the issues involved in designing and coordinating marketing channels from a channel manager's perspective
- explain how effective marketing channels contribute to customer value and assess the performance of channel management.
Assessment
Within semester assessment: 50% + Examination: 50%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX3521 - Global study programs in marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Prerequisites
Students must have passed 48 points including at least 12 points from the Department of Marketing.
Enrolment in this unit is subject to an application process. More information on this unit is available herehere (https://www.monash.edu/business/marketing/marketing-study-options/study-abroad-opportunities). Applications must be submitted via this linklink (https://study.abroad.monash.edu/index.cfm?FuseAction=Programs.ViewProgramAngular&id=10291).
Synopsis
This unit is designed to expose students to the thinking of some of the world's leading marketers. Building on previous knowledge gained in earlier marketing units students will analyse the critical factors associated with marketing in a global arena. Students gain a practical understanding of these issues in a global context through the visitation program which forms an integral part of this unit.
Outcomes
The learning goals associated with this unit are to:
- appraise global marketing and the nature of the forces impacting marketing at a global level
- evaluate basic theories and concepts relevant to global marketing and analyse how these theories and concepts can provide insight into, and an understanding of marketing in a global context
- compare and analyse a number of senior marketing managers perspectives and marketing strategies
- evaluate the importance of cross cultural issues on marketing and their impact on global marketing strategy
- develop excellent oral and written communication skills to be able to interact in a professional environment with senior managers.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX3631 - Marketing internship
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Offered
- First semester 2019 (On-campus)
- Second semester 2019 (On-campus)
- Summer semester A 2019 (On-campus)
Prerequisites
Students must have completed 24 credit points from the Department of Marketing and be granted permission by the Chief Examiner to undertake this unit.
Synopsis
This unit aims to give students first-hand experience of working in an industry in which they would like to be employed on graduation. Internships are designed to provide students with an opportunity to integrate marketing theory with business practice. Separate internship programs are drawn up for each student
Outcomes
The learning goals associated with this unit are to:
- critically analyse a marketing activity
- evaluate the impact of a specific marketing theory within a business context
- evaluate the experience of working within an organisation
- communicate clearly and effectively with both business and academic stakeholders.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX4050 - Marketing theory
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Co-requisites
Students must be enrolled in course B6010, 0181, 2276 or 4431.
Synopsis
Theory in marketing covers three broad levels; consumer, firm, and society. It also incorporates a number of different schools of thought developed over various eras. This unit is designed to give you an integrative introduction to marketing theory that spans these levels of analysis and streams of thought. The unit will also provide an introduction to the tools of constructing theory, and equip students with theory-building skills to conduct scholarly research that will legitimately advance the boundaries of marketing knowledge.
Outcomes
The learning goals associated with this unit are to:
- acquire basic historical understanding of the development of marketing theory
- understand the major streams of thought in marketing and appreciate the differences in philosophy and method between these perspectives
- be able to begin developing research ideas that make a theoretical contribution to existing literature
- apply critical thinking in marketing theory to interpret and integrate disparate findings into a broader theoretical framework
- apply marketing theory developments to practical marketing problems (most readily through the Honours thesis but more broadly if necessary).
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX4060 - Marketing research practice
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Not offered in 2019
Synopsis
The unit provides practical training in the analysis of data. The unit will also illustrate how research methods are used in academic research and compare this to marketing industry research. Through workshops, exercises and presentations students will gain practical skills in data analysis. Review of the research process provides insight into variations in problem definition, theory development or application, and reporting across different research perspectives.
Outcomes
The aim of this unit to provide students with knowledge regarding practical and professional issues surrounding the conduct of academic research in Marketing. This unit is designed to fill the gaps between theoretical knowledge and practice and provide for skills in identifying and formalising research problems, preparing literature based arguments, understanding philosophical stances in marketing research, as well as issues surrounding data management, dissemination, project specification and ethics.
Upon successful completion of this unit students will:
- have an understanding of the different philosophies that inform approaches to marketing research appreciate their methodological imperatives
- be able to identify, specify and formalise research opportunities
- understand the requirements of generating a literature review and a theoretical frame of reference
- have an ability to record, track, analyse and manage literature sources
- appreciate the practical problems in undertaking fieldwork including data management, security and ethics
- be able to prepare a rigorous proposal for an academic research project in Marketing
- be able to address research to different target audiences, through writing style, argument structure and dissemination plans
- appreciate the processes involved in delivering different research outputs
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX4070 - Qualitative research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Jan Brace-Govan
Coordinator(s)
Associate Professor Jan Brace-Govan
Unit guides
Co-requisites
Students must be enrolled in course B3701 or B6010.
Synopsis
The aim of this unit is to introduce students with limited experience in qualitative research, to some of its methods for data gathering, data analysis and some means to ensure reliability and validity, with particular reference to marketing. Topics include field work, interviewing, and data analysis. It provides the opportunity to explore qualitative research and practice in the field of marketing with emphasis on scholarly practice.
Outcomes
The learning goals associated with this unit are to:
- describe different qualitative methods, assess reported qualitative research results
- develop a research problem that would be best addressed through qualitative approaches
- gather and analyse qualitative data, present an argument based on qualitative methods that demonstrates validity and reliability
- explain ethical issues relevant to qualitative methods.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX4080 - Advanced business research methods
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Associate Professor Yelena Tsarenko
Coordinator(s)
Associate Professor Yelena Tsarenko
Unit guides
Co-requisites
Students must be enrolled in course B3701 or B6010.
Synopsis
An in-depth introduction to the critical thinking and planning required in the initial stages of a thesis or research project. This unit will focus on the development of research proposal, research model, data analysis and interpretation of results.
Outcomes
The learning goals associated with this unit are to:
- develop an understanding of how to formulate a theoretical framework for a marketing problem/opportunity
- provide an understanding and appreciation of quantitative research techniques
- provide an understanding of how to conduct data analysis
- develop a comprehensive research report
- develop a capability of communicating research findings.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX4461 - Contemporary issues in marketing
6 points, SCA Band 3, 0.125 EFTSL
Undergraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Synopsis
This unit provides students with an in-depth exposure to contemporary issues in marketing and in particular to the relationship between observed marketing practice and extant marketing theory. Taught in seminar format, the unit requires significant interaction between students and presenters.
Outcomes
The learning goals associated with this unit are to:
- recognise and evaluate some of the contemporary issues facing organisations and particularly marketers and marketing in today's dynamic marketplace
- examine how traditional marketing theory, structures, concepts, techniques and practices may become emerging issues, transformed by new knowledge or impacted by alternative perspectives
- explain a number of contemporary issues and their impact in detail
- analyse existing literature to gain insight into selected current and future issues that will impact business and marketing in particular
- recommend and compose responses to existing or potential marketing issues.
Assessment
Within semester assessment: 60% + Examination: 40%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
MKX4900 - Honours research thesis
24 points, SCA Band 3, 0.500 EFTSL
Undergraduate, Postgraduate - Unit
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
Faculty
Organisational Unit
Chief examiner(s)
Coordinator(s)
Unit guides
Co-requisites
Students must be enrolled in course B3701.
Synopsis
A major research project applying the procedures and techniques learned in MKF4030. Students prepare and write a report in such a way to pave the way for a higher academic degree in marketing or management or a career in business.
Outcomes
The learning goals associated with this unit are to:
- identify a marketing or business issue in the research literature which has either not been adequately researched previously or which requires replication
- critically review relevant academic and business research which relates to this issue
- develop a model or conceptualisation of the proposed research and an appreciation of the relevance of such studies to the business community
- develop a set of hypotheses to be tested, propose research into these hypotheses, by means of a specific research proposal
- conduct, analyse and report findings of the research so that all main issues are identified, limitations of the research are identified and the research findings are linked back to earlier studies in the literature.
Assessment
Within semester assessment: 100%
Workload requirements
Minimum total expected workload equals 576 hours per semester
See also Unit timetable information