MONASH UNIVERSITY FACULTY HANDBOOKS
Business & Economics Handbook 1996
Published by Monash University
Clayton, Victoria 3168, Australia
Caution
Copyright © Monash University 1996
ISBN 1320-6222
Authorised by Academic Registrar, April 1996
OUTLINE OF GRADUATE STUDIES -Caulfield and PeninsulaPart 4
CONTENTS
- Master of Banking by coursework - commercial stream/treasury stream - MBanking
- Master of Business by research - MBus
- Master of Business (Accounting) by coursework MBus(Acc)
- Master of Business (Agribusiness) by coursework - MBus(Agribus)
- Master of Business (Banking and Finance) by coursework and minor thesis - MBus(Bkg&Fin)
- Master of Business (International Business) - marketing stream by coursework - MBus(IntBus)
- Master of Business (Logistics Management) by coursework - MBus(LogMgt)
- Master of Business (Operations Management) by coursework - MBus(OpMgt)
Course code: 0571
Course director: Mr Kevin Tant
The course
This full-fee-paying part-time masters degree has been designed as an
interactive field of study providing a close association with industry using
applied cooperative teaching by both academics and industry practitioners. Its
specialised streams in commercial banking and treasury have been developed in
response to market needs. This course is targeted at professional bankers and
corporate treasurers seeking to invigorate and extend their managerial and
leadership capacity and effectiveness. The degree will enhance and develop
skills and industry knowledge in a manner that will greatly heighten
participants' ability to fulfil line management responsibilities in an
increasingly competitive environment.
Objectives
The course has been designed to:
+ provide a close association with industry by applied cooperative
teaching by both academics and industry practitioners through an interactive
field of study;
+ enhance and develop skills and industry knowledge in a manner that will
greatly heighten participants ability to fulfil their line management
responsibilities in an increasingly competitive environment;
+ enable students to attain an advanced conceptual understanding in the
field of their specialisation, complemented by a wide range of practical
applications, which will extend and support their learning and expose students
to the contemporary issues and problems confronting their area of
specialisation;
+ provide a vocational benefit which will derive from the student's
willingness to participate fully in the required extensive case studies,
complex situational studies and simulations, exercises, project work, reading
assignments and examinations with other masters candidates of equivalent
talent, drive and initiative;
+ provide an environment comprised of self-motivated individuals,
comparable in background, level of responsibility and commitment to executive
and organisational advancement;
+ provide a practical framework for the course components that will
contribute to increased efficiency in the banking and finance industry.
Entrance requirements
Normally students require a pass degree in a field of business, economics, law
or commerce or equivalent qualification from a recognised tertiary
institution.
Venue
Treasury stream classes are offered at a venue in the central business
district, Melbourne, or at the Caulfield campus. Subject to enrolment numbers,
the treasury stream is also offered in intensive delivery mode in Sydney and
Melbourne. The commercial stream is offered at the Caulfield campus.
Credit for work done elsewhere
Please refer to the course regulations for the Master of Banking for details
relating to credit transfers.
Duration
The coursework component is a two-and-a-half-year on-campus part-time program.
The masters can be completed, however, in less than two and a half years if
students undertake to complete the research/practical report elective (two
units).
Course structure
Core subjects
The degree offers a commercial stream or a treasury stream. Each stream is
comprised of ten (equivalent) units. All subjects will be offered in accordance
with university requirements. Electives are offered subject to an acceptable
number of approved enrolments.
Commercial stream
+ ACC5031 Advanced financial practice (elective)
+ FIN5011 Money markets: theory measurement and policy (elective)
+ FIN5021 Financial institutions law (compulsory)
+ FIN5050 International banking (elective)
+ FIN5070 Bank management and risk analysis (compulsory)
+ FIN5081 Customer credit and risk analysis (elective)
+ FIN5091 Research/practical report (2 units) (elective)
+ FIN5220 Fundamentals of banking (core)
+ FIN5230 Financial markets and long term funding (core)
+ FIN5271 Financial analysis and portfolio management (core)
+ MGM5040 Strategic planning (elective)
+ MKT5061 Financial product development and marketing (elective)
+ MKT5280 Issues in competitive advantage 1 (elective)
+ SYM5281 Issues in competitive advantage 2 (elective)
Graduates from the commercial stream will satisfy the educational requirements
for the senior associate membership of the Australian Institute of Bankers
provided they complete the following electives:
+ MGM5040 Strategic planning
+ MKT5061 Financial product development and marketing
+ FIN5081 Customer credit and risk analysis
Treasury stream
+ FIN5021 Financial institutions law (elective)
+ FIN5091 Research/practical report (2 units) (elective)
+ FIN5200 Introduction to treasury management (compulsory)
+ FIN5210 Currency and exposure management (compulsory)
+ FIN5220 Fundamentals of banking (core)
+ FIN5230 Financial markets and long term funding (core)
+ FIN5240 Treasury administration and control (elective)
+ FIN5251 Money market dealing (elective)
+ FIN5261 Derivative products (elective)
+ FIN5271 Financial analysis and portfolio management (core)
+ FIN5281 Institutional asset and liability management (elective)
+ FIN5291 Dealing in derivative products (elective)
+ MKT5280 Issues in competitive advantage 1 (elective)
+ SYM5281 Issues in competitive advantage 2 (elective)
Graduates from the treasury stream will fulfil the academic requirements of the
Diploma of Treasury Management from the Australian Society of Corporate
Treasurers provided they complete the following elective:
+ FIN5240 Treasury administration and control
Course code: 0506
Course director: Associate Professor Alan Simon
The course
Areas for masters research within the four Caulfield-based departments
include:
Accounting
Studies in all areas of financial and management accounting, auditing,
corporate finance, investments and accounting information systems.
Banking and Finance
Students will be provided with the opportunity to undertake research into
specialised banking and finance topics including international banking and
finance, treasury management and technology, prudential and legal banking
regulations, corporate finance and strategic planning for financial
institutions.
Management
Suitable research applicants with interests in issues such as quality
management, manufacturing strategies, operations management, systems thinking
and learning organisations, organisational behaviour, leadership, international
management, managerial career paths, training and development, and human
resource development, will be encouraged.
Marketing
Studies will provide students with the opportunity to undertake research into
specialised marketing topics including strategic marketing planning, marketing
communication and advertising, marketing research, logistics management,
agribusiness, services marketing (including customer services), industrial
marketing, retail management and international marketing.
Inquiries should be directed in the first instance to the course director.
Objectives
On completion of this course students will produce a rigorous and theoretically
correct and practically relevant business-related thesis.
Entrance requirements
Applicants for the degree of Master of Business by research will normally have
qualified for an honours degree in an approved field from a recognised tertiary
institution. Other qualifications deemed equivalent will be considered by the
faculty.
Course structure
A candidate shall successfully complete the subject MGM8000 (Research
methodology) and one of the following subjects:
+ ACC5900 Thesis
+ FIN5900 Thesis
+ MGM5900 Thesis
+ MKT5900 Thesis
Assessment
Research proposal and up to 50,000 word thesis.
Course code: 0503
Course director: Professor Claudio Romano
The course
This course is a full-fee paying degree, taught either on a full-time or
part-time basis, the coursework component of which is conducted over two years.
It is designed to enhance and develop the knowledge and skills of accounting
graduates in public practice, industry and academia. The degree encompasses
studies at an advanced level in financial and managerial accounting, auditing,
corporate and international finance and investments, and electives chosen from
masters level subjects offered in banking, marketing and management. Students
attain an advanced conceptual understanding of the fields of accounting and
finance, complemented by a wide range of practical applications and case
studies. Students also gain insight into research methodologies and techniques
which extend and support their learning and expose them to the contemporary
issues and problems confronting modern accountants and finance specialists.
Objectives
The Master of Business (Accounting) aims to develop and enhance students'
knowledge and skills of accounting and related fields. Students will obtain a
thorough understanding of accounting and finance concepts, complemented by a
wide range of practical applications. In addition, students' learning will be
supported by exposure to research methodologies and techniques which will
reveal to them contemporary issues and problems which confront accountants and
financial specialists.
Entrance requirements
To be eligible for admission to the course applicants must have qualified for,
at the required standard, an honours degree in the discipline; or the Graduate
Diploma in Accounting; or the Graduate Diploma in Financial Management; or an
equivalent qualification from a recognised tertiary institution.
Venue
Classes are offered at the Caulfield campus in two block teaching sessions
Tuesday, Wednesday Thursday at 6-10 pm and Saturday 9 am - 6 pm.
Credit for work done elsewhere
Candidates may be eligible for a maximum of 2 exemptions for equivalent
subjects completed in other relevant masters degree courses.
Articulation
On completion of the Master of Business (Accounting) at the required standard
candidates may be eligible to transfer to PhD by research.
Professional recognition
Completion of the Master of Business (Accounting) will enable graduates to meet
the academic requirements for admission to the CPA program of the Australian
Society of Certified Practising Accountants and the professional year program
of the Institute of Chartered Accountants in Australia.
Course structure
Candidates must successfully complete the following subjects:
+ ACC7200 Issues in competitive advantage I and
+ ACC7401 Issues in competitive advantage II.
An additional six subjects shall be completed from the following provided that
at least four are from the Syme Department of Accounting:
+ ACC7100 Advanced strategic management accounting
+ ACC7110 Advanced information systems
+ ACC7120 Advanced auditing and professional practice
+ ACC7130 Financial statement analysis
+ ACC7140 International finance
+ ACC7150 Financial reporting issues
+ FIN7160 Contemporary reporting issues
+ FIN7170 Issues in corporations law
+ ACC7180 Special topics in accounting
+ ACC7190 Research dissertation (two-subject equivalent research report)
+ ACC7210 Advanced treasury management
+ ACC7220 Advanced corporate finance
+ ACC7230 Financial product analysis
+ ACC7241 Advanced multinational finance
+ ACC7251 Advanced financial statement analysis
+ ACC7261 Advanced financial product analysis
+ FIN7270 Issues in finance law
+ FIN7281 Treasury accounting
+ ACC7290 Special topics in financial management
+ or any subject with a numeric prefix of `4' in the Graduate Diploma of
Financial Management or Bachelor of Business (Accounting) (Honours) not
previously attempted (two subjects maximum).
+ Approved masters-level subjects from the departments of Banking and
Finance, Management or Marketing (two subjects maximum).
Please note: The availability of these elective subjects varies from year to
year. Students should contact the division's graduate course officer for the
current subjects being offered (telephone 9903 2022).
Course code: 1129
Course director: Dr Lawrie Dooley
The course
Agribusiness includes all private firms, public agencies and statutory
marketing authorities that bring food and fibre products to consumers or
industrial customers.
This course provides applied and practical marketing and management training,
including analytical and decision-making skills, for people working within
agribusiness. It also develops students skills in project research work.
Objectives
On completion of the course students should:
+ have a comprehensive and up-to-date understanding of business
concepts;
+ have the professional expertise and effectiveness required of managers
in the agribusiness workplace;
+ have the knowledge and skills vital for success in today's highly
competitive environment.
Entrance requirements
For admission to this masters course applicants need to have completed the
Graduate Diploma in Agribusiness with an average grade of credit or above; or
an equivalent qualification from a recognised tertiary institution.
Venues
The course will be offered on a part-time basis as a series of sixteen
intensive five-day residential sessions presented over a four-year period at
the Peninsula campus.
Students wishing to complete the course in two years can do so on a full-time
basis.
Credit for work done elsewhere
Please refer to the course director for details relating to credit transfers.
Please note that the masters course has the Graduate Diploma in Agribusiness as
the first eight five-day sessions. The Graduate Diploma in Agribusiness
articulates into the Master of Business (Agribusiness).
Course structure
Year one
First semester
+ MKT6720 Agribusiness I
+ MKT6710 Agribusiness marketing
Second semester
+ MKT6760 Agribusiness channels
+ ACC6830 Agribusiness financial control
Year two
First semester
+ MGM6420 Agribusiness management
+ MKT6740 Agribusiness trade and policy
Second semester
+ MKT6730 Agribusiness II
+ MKT6770 Strategic agribusiness
Year three
+ MGM7430 Business research methods
+ MKT5301 Minor thesis (equivalent to two subjects)
+ MKT5280 Issues in competitive advantage I
Year four
+ SYM5281 Issues in competitive advantage II
and
Three subjects from:
+ MKT5341 Agribusiness policy and strategy
+ MKT5331 Agribusiness planning
+ MKT5200 Assessing marketing performance
+ MKT6660 Relationship marketing and service quality management
Or with the approval of the course director, any other graduate level subject
of the faculty.
Course code: 0504
Course director: Associate Professor Robin Edwards
The course
The Master of Business (Banking and Finance) by coursework and minor thesis
aims to provide a masters postgraduate level of study for banking and finance
professionals from all levels who are seeking to deepen their level of
knowledge and to enhance their practical skills in the banking and finance
industry.
Objectives
The course will provide a balanced blend of theory and practice, resulting in a
vocationally relevant program that:
+ furthers the candidates' understanding of decision-making techniques and
managerial tools and their effective applications in banking and finance;
+ increases the candidates' understanding of the social, economic and
regulatory environment in which financial institutions and their executives
must function;
+ provides a perspective for management, planning and decision-making that
encompasses the total organisation;
+ develops the financial knowledge and professional skills appropriate to
working in the industry at an advanced level;
+ promotes excellence in industry practice.
These objectives will be met through a rigorous program which is designed to be
highly interactive and intellectually demanding.
Entrance requirements
Normally students would require an honours degree in the discipline of banking
and finance from a recognised tertiary institution, or completion of the
Graduate Diploma in Banking and Finance with an average grade of credit or
above.
Course structure
The course is comprised of a thesis and five subjects: two banking and finance
specialisations, two subjects in issues in competitive advantage and a research
methods subject. Candidates holding BBus(Hons) need not complete the research
methods subject. The duration of the course is a minimum of twelve calendar
months (full time) and a maximum to twenty four calendar months (part-time).
+ MGM7430 Business research methods
+ MKT5280 Issues in competitive advantage I
+ SYM5281 Issues in competitive advantage II
+ FIN5121 Money market analysis
+ FIN5131 Advanced banking law
+ Minor thesis (equivalent to three semester subjects)
Course code: 1178
Course director: Mr David Watson
The course
The aim of the course is to develop within participants the capacity to handle
functional responsibility by providing a deep conceptual yet applied
understanding of the discipline.
Objectives
On completion of the course students should:
+ be able to identify, evaluate and prioritise international markets and
marketing opportunities;
+ be able to apply up-to-date business and marketing concepts to the
exploitation of international marketing opportunities
Entrance requirements
For admission to this masters course applicants need a pass degree; or an
equivalent qualification from a recognised tertiary institution.
Venues
The course is offered on a part-time basis. Most tuition will occur in evening
classes at the Caulfield campus but some subjects will be offered in block
teaching mode at the Frankston campus.
Credit for work done elsewhere
Please refer to the course director for the Master of Business (International
Business) for details relating to credit transfers.
Course structure
Year one
First Semester
+ MKT 6500 International market dynamics*
+ FIN 6210 International economics*
Second Semester
+ MGM 6500 International management process*
+ FIN 6190 International trade law*
Year two
First Semester
+ MKT 6521 Market planning and opportunity analysis*
+ MKT 6510 International marketing and logistics*
Second Semester
+ MKT 6541 Field project*
+ MKT 6531 International marketing policy and strategy*
Years three and four
Compulsory subjects
+ MGM 7430 Business research methods
+ MKT 5280 Issues in competitive advantage I
+ SYM 5281 Issues in competitive advantage II
+ MKT 5301 Minor thesis (two subject equivalent)
plus three electives chosen from:
+ FIN 6320 International accounting and taxation
+ MKT 6261 Marketing communication strategies
+ MKT 6251 Case studies in strategy
+ MKT 6110 Buyer behaviour
or, with the approval of the course director, any other graduate level subject
of the faculty.
* Subjects in common with the Graduate Diploma in International Business (Marketing).
Course code: 1141
Course director: Mr David Ballantyne
The course
This is a full-fee paying degree by coursework and minor thesis which extends
on (and requires prior completion of) the Graduate Diploma of Logistics
Management. Logistics management is the planning, coordinating and controlling
of resources and information involved in the flow of goods from resource to
final customer. The aim of the course is to provide students with an
intellectually demanding and advanced understanding of logistics management
concepts and to improve substantially the logistical and general managerial
expertise of participants in their work life.
Objectives
On completion of the course students should:
+ have a deep understanding of the potential for logistics management in
the creation of relationships in the supply chain and the reduction of costs
for the organisation and its strategic partners;
+ have a developed range of competencies for the coordination of the
timely movement of goods and information across functional borders and for the
continuous improvement of these processes;
+ have a developed range of technical and managerial approaches for
linking logistical and strategic objectives and actions from one end of the
supply chain to the other.
Entrance requirements
For admission to this masters course applicants need to have completed the
Graduate Diploma in Logistics Management with an average grade of credit or
above; or an equivalent qualification from a recognised tertiary institution.
Venue
Core subjects are offered on a one week residential block basis at Peninsula
campus. Other subjects may be taken at other campuses with the approval of the
course director.
Credits for work done elsewhere
Applicants may complete - at credit grade average level - the Graduate Diploma
in Logistics Management, or equivalent, in lieu of subject assessment for year
one and year two (below).
Course structure
Candidates must successfully complete the following subjects:
Year 1
+ MKT6610 Distribution channels and logistics
+ MKT6620 Warehousing management
+ MKT6160 Marketing theory and practice
+ MKT6630 Transport management
Year 2
+ MKT6640 Inventory and supply management
+ MKT6650 Logistics control
+ MKT6660 Relationship marketing and service quality management
+ MKT6251 Case studies in strategy
Years 3 and 4#
+ MGM7430 Business research methods
+ MKT5280 Issues in competitive advantage I
+ SYM5281 Issues in competitive advantage II
+ MKT5301 Minor thesis (equivalent to two subjects)
Plus three subjects from:
+ MKT6510 International marketing and logistics
+ MKT5311 Special studies in logistics
+ MKT6470 Strategic logistics planning
+ MKT5270 Strategic marketing policy
+ MGM7510 Organisational learning and leadership
+ MGM6720 Managing in a changing environment
or, with approval of the course director, any other graduate-level subject of
the faculty
# Recommended progression
Course code: 0787
Course director: Professor Amrik Sohal
The course
The Master of Business (Operations Management) by coursework is designed to
enhance and develop the skills and industry knowledge of professional staff in
the manufacturing and infrastructure support industries such as trade unions,
banking and finance, technology development and supply.
This course has been designed to provide business executives with key
operations management knowledge and skills. It emphasises internationally
competitive practices.
This combined coursework/research program of sixteen units (two years
equivalent full-time) takes as its first year the course of the Graduate
Diploma in Operations Management; this together with an additional eight units
forms a two-year (full-time equivalent) program leading to the Master of
Business (Operations Management), of which research will be a minimum of four
units.
It is expected that most graduates of the course may already be working in the
operations area. Many participants will already have working experience at the
middle management level or expect to be promoted to a senior management
position in the near future. Many will be in functional specialisations.
It is expected that graduates of this program will aspire to be promoted
rapidly to senior-level operations management positions. The exposure of
Australian manufacturers to increased domestic and international competition
has increased the demand for highly educated individuals at senior management
level.
Objectives
On completion of the course, students will be able to:
+ demonstrate and apply the knowledge and skills which make excellent
operations managers;
+ plan the use of advanced technologies to gain and maintain a strategic
and competitive advantage;
+ use operations management concepts and skills to enable their companies
to become internationally competitive;
+ manage cross functional teams and projects and manage ongoing change.
Entrance requirements
Normally admission to the course is open to applicants who have qualified at
the required standard for an honours degree; or the Graduate Diploma in
Operations Management; or an equivalent qualification from a recognised
tertiary institution.
Venue
Evening classes are offered at the Caulfield campus.
Credit for work done elsewhere
Please refer to the course director for Master of Business (Operations
Management) for details relating to credit transfers.
Entrance requirements
Normally, admission to the course is open to applicants who have qualified at
the required standard for an honours degree; or the Graduate Diploma in
Operations Management; or an equivalent qualification from a recognised
tertiary institution.
Course structure
Year one
Compulsory subjects
+ MGM6510 Manufacturing business strategies
+ MGM6520 Manufacturing management technologies
+ ACC6540 Finance for advanced manufacturing
+ MGM6550 People development and management
+ MGM6571 Research project (two units - 10,000 words)
or
+ MGM6581 Overseas study tour (two units - 10,000 words)
plus two subjects chosen from the following:
+ MGM6530 Innovation in manufacturing management
+ MGM6560 Manufacturing systems integration
+ MGM6720 Managing organisation growth and change
+ MKT6780 Marketing strategy
+ One elective chosen from the Graduate Diploma in Business Management
Year two
+ MKT5280 Issues in competitive advantage I
+ SYM5281 Issues in competitive advantage II
+ MGM7430 Business research methods
+ Note: candidates holding the BBus(Hons) will not be required to do
MGM7430 (Business research methods).
+ Research thesis - on an approved topic in operations management (two
units, 12,000 words minimum; three units if student holds honours-level
undergraduate degree, minimum 15,000 words)
+ MGM7450 Information management and quantitative decision-making
+ MGM7461 Manufacturing management seminars
+ MGM7471 International manufacturing
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