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Fintech: Blockchain in the New Economy (BUSA90524)
Graduate courseworkPoints: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Overview
Availability(Quotas apply) | September |
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Fees | Look up fees |
This course will cover the emergence of the peer to peer economy in which buyers and sellers, borrowers and lenders and other partners to transactions deal directly with one another, bypassing intermediaries such as retailers and banks. Students will be introduced to different types of peer to peer markets and will learn the theory and application of different financial instruments and technology infrastructures that facilitate the operation of the peer to peer economy. These include digital currencies, cryptographic tokens, Initial Coin Offerings (ICOs) and blockchains. Students will learn how these new instruments and technologies are disrupting traditional ways of doing business, successful and unsuccessful, applied in the peer to peer economy. Students will learn how different sectors of the economy can function without intermediaries while depending on consensus and distributed ledgers. The course will start by explaining the nature of money and traditional payment and banking systems. It will then study the emergence of stateless, decentralized, cloud-based digital currency systems since 2009, and progress to investment products, derivatives, and innovations such as initial coin offerings within the peer to peer economy. Other related issues to be discussed include marketing, smart contracts, investment risk and return, governance, and regulation.
Intended learning outcomes
Upon completion of the subject, student will be able to:
- Describe the traditional role of money and payment systems and the emergence of stateless, decentralized, cloud-based digital currency systems
- Explain the nature and operation of digital currency in comparison to traditional payment and banking systems.
- Describe blockchain technology, distributed ledgers, mining and consensus models.
- Describe the structure of smart contracts and applications
- Describe the process of token/coin sales, and of capital fund raising using ICOs. Additionally, survey related applications and projects.
- Be able to evaluate the trade-offs between risk and return for investments in cryptocurrency and ICOs.
- Determine the state of current and future blockchain and ICO relevant governance and regulation in Australia
- Design and operationalize a blockchain system for the reconceptualization of a traditional business model into a peer to peer format, without intermediaries.
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Completion of 112.5 credit points of MBA core subjects which must include Financial Management, Managerial Economics, Data Analysis and Marketing
The subject is only available to students enrolled in the Master of Business Administration course (MC-BAPT)
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
Description | Timing | Percentage |
---|---|---|
Syndicate assignment
| Week 3 | 20% |
Individual assignments
| Throughout the semester | 20% |
Final examination
| End of term | 30% |
Syndicate final project
| Week 9 | 30% |
Last updated: 3 November 2022
Quotas apply to this subject
Dates & times
- September
Mode of delivery On Campus (Parkville) Contact hours 30 hours Total time commitment 170 hours Pre teaching start date 16 September 2019 Pre teaching requirements students are required to complete approximately 15 hours of readings to prepare for the subject during pre-teaching period Teaching period 23 September 2019 to 28 November 2019 Last self-enrol date 21 July 2019 Census date 4 October 2019 Last date to withdraw without fail 8 November 2019 Assessment period ends 5 December 2019
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 3 November 2022