Ethics in Finance (FNCE30009)
Undergraduate level 3Points: 12.5On Campus (Parkville)
Overview
| Availability | Summer Term |
|---|---|
| Fees | Look up fees |
Ethical practices instil a public trust in the fairness of financial markets and transactions, allowing them to function efficiently. Ethical practices by finance and investment professionals benefit all market participants and stakeholders and lead to increased investor confidence in global capital markets. The perspectives acquired in this subject should be useful to students in their chosen finance profession as this subject presents a framework for ethical conduct in the investment profession by focusing on the CFA Institute Code of Ethics and Standards of Professional Conduct. Citing and discussing examples of the financial scandals that have shaken public confidence in the ethics of financial market participants, this subject explains the importance of ethics in the operation of financial institutions and in the personal conduct of finance professionals.
Intended learning outcomes
On successful completion of this subject, students should be able to:
- apply major intellectual theories of ethics as a basis for the analysis and resolution of ethical dilemmas in finance;
- critically examine ethical standards and issues of questionable professional conduct in finance by addressing topical issues related to ethics in investment decisions, financial markets and financial services;
- relate ethical principles to the financial theory of the firm including issues related to stakeholder theory, agency theory, corporate social responsibility and international businesses;
- describe standards of professional conduct and recommend practices and procedures designed to prevent violations of ethical and professional financial market trading practices.
Generic skills
- High level of development: written and oral communication;
- Application of theory to practice;
- Ability to recognise attitudes, actions and beliefs of others;
- Working effectively within groups/ teams;
- Adaptability to respond readily to changing situations and priorities;
- Application of high ethical standards in professional practice and social interactions.
Last updated: 9 April 2025
Eligibility and requirements
Prerequisites
One of:
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| FNCE20001 | Business Finance |
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
| FNCE20005 | Corporate Financial Decision Making | Not available in 2017 |
12.5 |
Corequisites
None
Non-allowed subjects
None
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 9 April 2025
Assessment
Additional details
This is an online subject (except for the final exam), so all the material is online.
- 3 individual weekly exercises (out of 6) equivalent to a combined 2000 words due at the end of each week (10% each, adding up to 30%)
- 2 hour written closed book exam, held in the exam period at the end of the 6 weeks (70%)
- To pass this subject students must pass the end of semester examination.
Last updated: 9 April 2025
Dates & times
- Summer Term
Principal coordinator Paul Kofman Mode of delivery On Campus (Parkville) Contact hours 36 Teaching period 16 January 2017 to 24 February 2017 Last self-enrol date 24 January 2017 Census date 27 January 2017 Last date to withdraw without fail 17 February 2017 Assessment period ends 3 March 2017 Summer Term contact information
Last updated: 9 April 2025
Further information
- Texts
- Related Handbook entries
- Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
Last updated: 9 April 2025