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Foundations of FinTech (FNCE30012)
Undergraduate level 3Points: 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 | Semester 2 |
---|---|
Fees | Look up fees |
Technology has been transforming the financial industry, with the potential to disrupt traditional industry structure and practice. The subject is organised around a number of real‐world issues, in order to introduce fundamental underlying economic (including money, moral hazard, property rights and bank runs) and psychological (including engagement, trust and privacy) problems, and how technology could provide transformative solutions to those problems (e.g., big data, distributed ledgers, artificial intelligence, machine learning and natural language processing). Cases will illustrate the core concepts. The emphasis is on foundations, so students will be able to apply the learned concepts in novel situations.
Intended learning outcomes
- Identify fundamental economic and psychological issues behind real‐world problems in the financial sphere
- Determine how major advances in artificial intelligence and machine learning are applicable to finance problems
- Demonstrate basic knowledge of techniques in artificial intelligence and machine learning
- Demonstrate knowledge of major trends in Fintech
- Distinguish disruption from mere computerisation
- Acquire skills to solve practical financial problems
- Learn to think outside the box
- Critically evaluate new ideas and their implementation
- Recognise opportunities to innovate
Generic skills
- High level of development: problem solving; critical thinking; interpretation and analysis
- Moderate level of development: statistical analysis; algorithm development
- Some level of development: programming
Last updated: 19 April 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE10002 | Principles of Finance |
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE20001 | Business Finance |
Semester 1 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
|
12.5 |
and
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECOM20001 | Econometrics 1 |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON20003 | Quantitative Methods 2 |
Summer Term (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON20005 | Competition and Strategy | Semester 2 (On Campus - Parkville) |
12.5 |
Corequisites
None
Non-allowed subjects
None
Recommended background knowledge
Investments analysis; hands‐on experience with programming; exposure to computing (e.g., through taking COMP 10001 in CIS)
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: 19 April 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Eleven in‐class quizzes not more than 50 words each
| From Week 2 to Week 12 | 20% |
Three individual homework assignments not more than 400 words each
| From Week 4 to Week 9 | 30% |
Two individual term project papers not more than 1200 words each
| From Week 8 to Week 12 | 50% |
Last updated: 19 April 2024
Dates & times
- Semester 2
Principal coordinator Felix Fattinger Mode of delivery On Campus (Parkville) Contact hours One 2‐hour lecture per week plus one 1‐hour tutorial per week Total time commitment 170 hours Teaching period 29 July 2019 to 27 October 2019 Last self-enrol date 9 August 2019 Census date 31 August 2019 Last date to withdraw without fail 27 September 2019 Assessment period ends 22 November 2019
Last updated: 19 April 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Breadth options
This subject is available as breadth in the following courses:
Last updated: 19 April 2024