Finance Theory - Investments (FNCE90041)
Graduate courseworkPoints: 12.5On Campus (Parkville)
Overview
| Availability | Semester 2 |
|---|---|
| Fees | Look up fees |
This subject provides an overview of capital market theory and evidence. Theoretical topics covered include asset pricing models, behavioural finance, general equilibrium models, models of the term structure of interest rates, models of the relation between forward and futures prices and option pricing models. Empirical topics covered include the time-series behaviour of returns, the impact of market microstructure on the behaviour of returns, event studies, tests of portfolio efficiency, tests of multifactor models and tests of intertemporal models.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Generate portfolios that are mean-variance efficient;
- Apply no-arbitrage conditions to price contingent claims;
- Identify the factors that are important in determining the links between forward prices and futures prices;
- understand empirical research methods in asset pricing;
- critically evaluate empirical asset pricing research work;
- conduct empirical tests on asset pricing and portfolio models.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- Oral communication
- Written communication
- Problem solving
- Statistical reasoning
- Application of theory to practice
- Interpretation & analysis
- Critical thinking
- Synthesis of data and other information
- Evaluation of data and other information
- Using computer software
- Accessing data and other information from a range of sources
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Admission to the PhD program in Finance
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: 3 November 2022
Assessment
Additional details
- 2000 word assignment due Weeks 4-6 (20%)
- 2-hour mid-semester examination (40%)
- 2-hour end-of-semester examination (40%)
Last updated: 3 November 2022
Dates & times
- Semester 2
Coordinator Qi Zeng Mode of delivery On Campus (Parkville) Contact hours One 3-hour lecture per week Total time commitment 170 hours Teaching period 23 July 2018 to 21 October 2018 Last self-enrol date 3 August 2018 Census date 31 August 2018 Last date to withdraw without fail 21 September 2018 Assessment period ends 16 November 2018
Time commitment details
Estimated total time commitment of 170 hours per semester
Last updated: 3 November 2022
Further information
- Texts
- Related Handbook entries
This subject contributes to the following:
Type Name Course Master of Commerce (Decision, Risk and Financial Sciences) Course Master of Commerce (Finance) Course Master of Commerce (Accounting) Course Doctor of Philosophy - Business and Economics
Last updated: 3 November 2022