Designed to provide an introduction to econometric theory and its application in empirical finance. Computer lab heavy and has an extensive use of leading statistical and econometric software that is employed extensively in research and practice.
In this course, we will examine how people make predictable and repeatable mistakes in financial decision-making. We will describe the nature of these mistakes and their origin, using insights from psychology, neurosciences, and experimental economics, on how the human mind works. Students then discuss how incorporating these mistakes into our finance theories can greatly improve standard finance models studied in other courses. We will also consider how understanding the functioning of the human mind allows us to design a better world – in particular, better stock markets, retirement and healthcare systems.
A subject that builds upon the core courses of Portfolio Management and Wealth Management that provides insight into the fundamental issues related to asset protection and succession planning. A practical subject that covers all the key estate planning elements impacting clients in need from a financial planning angle. Allows students to have a real insight into the world through a practical case study element and identifying the key issues faced by clients.
An excellent course that exposes students to the concepts, theories and industry practice in real estate finance. This plays an important role all over the world and is a critical issue in the current economic climate. It attempts to place real estate investments on the same theoretical footing as fixed-income and equity investments. It introduces to students the valuation methods used for investment decision making and the financial knowledge for real estate. It allows students interested in working in real estate development, brokerage, mortgage to have an insight into the industry.
This course covers essential elements of Asia-Pacific Financial markets, including countries like China, Indonesia, Malaysia, South Korea and others. Areas of interest include interactions of institutions and finance, corporate governance, sovereign risk, financial crises, valuation issues, methods of funds raisings & global portfolio management. This course aims to increase students’ understanding of investing in emerging markets and how to modify techniques of financial analysis developed for advanced economies and apply them to emerging markets.
This course provides students with the key financial planning knowledge and skills. From a financial planning practice perspective, we address the important compliance and legal issues and skills required to practice as a financial planner. This entails having a clear understanding of the client’s situation, conducting needs analysis, identifying goals and objectives, understanding research, formulating appropriate financial planning strategies, choosing appropriate tools to execute the formulated strategy, preparing a compliant Statement of Advice (SoA), implementation of the advice and providing ongoing service and reviews to the client. The course is one of the key requirements for attaining ASIC RG146 Compliance.
A second level finance subject that delves into the investment and financial issues arising from personal wealth management activities. This course examines deeply into how to set financial plans, portfolio management, investment strategies, insurance, superannuation, tax and estate planning. It allows the students to understand how to make decisions for superannuation specifically as a trustee as well as looking into the regulatory framework.
This course takes a broad view of on the operations and establishment of organisations. It is concerned with ‘how corporations are managed’. It emphasises regulatory and formal arrangements such as auditors and the appointment of directors. The course explores literature on corporate governance in conjunction with current governance arrangements for firms. Students will also analyse how participants in the stock market value firms with different corporate governance structures.
This course covers interest rate risk and risk management techniques. There is an emphasis on problem solving, yet the course covers theory as well as practical applications. The course introduces students to many interest rate products and identifies both how to price them and when to use them in hedging strategies. The topics covered in the course include the interaction between interest rate risk and credit risk, duration measures, term structure dynamics and numerical and analytical techniques.
This subject forms part of the derivatives sub branch and acts as an introduction into derivative markets. This course is designed with a fundamental focus on the major areas of exchange traded options, futures contracts and fundamental pricing principles and hedging techniques in derivative markets. Furthermore, through undertaking this course students will learn the following topics of contract valuations and payoffs, arbitrage opportunities, risk management strategies, currency swap valuations and various methods for evaluating options.