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Fintech: Foundations and Applications (FNCE90084)
Graduate courseworkPoints: 12.5On Campus (Parkville)
For information about the University’s phased return to campus and in-person activity in Winter and Semester 2, please refer to the on-campus subjects page.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Please refer to the LMS for up-to-date subject information, including assessment and participation requirements, for subjects being offered in 2020.
Overview
Availability | Semester 2 |
---|---|
Fees | Look up fees |
Technology has been transforming the financial industry, with the potential to deliver existing financial product and services more effectively and to develop new ones. This subject introduces fundamental economic concepts (including money, moral hazard, property rights and bank runs) and psychological concepts (including engagement, trust and privacy) relevant to major problems faced by the financial sector. It also discusses new technologies (such as big data, distributed ledgers, artificial intelligence, machine learning and natural language processing) underlying real-world fintech applications. The focus is on core concepts and foundations, with the aim to develop students' ability to actively participate in creating fintech solutions.
Intended learning outcomes
- Demonstrate knowledge of key fundamental economic and psychological concepts relevant to major real-world problems in the financial sector
- Demonstrate basic knowledge of techniques in artificial intelligence and machine learning
- Apply relevant techniques from artificial intelligence and machine learning to key finance problems
- Identify major trends in fintech
- Distinguish the concept of disruption (adaptive change) from the concept of automation (change in process)
- Recognise opportunities to innovate
- Develop skills to innovate in fintech
- Learn to think outside the box
- Critically evaluate new ideas and the feasibility of implementation of those ideas
Generic skills
- Oral and written communication
- Problem solving
- Application of theory to practice
- Team work
- Critical thinking
- Evaluation of data
Last updated: 3 November 2022
Eligibility and requirements
Prerequisites
Entry into the Master of Finance (MC-FINANCE) or the Master of Finance (Enhanced) (MC-FINENH)
AND
ALL of the following subjects, noting that these subjects may also be taken concurrently:
Code | Name | Teaching period | Credit Points |
---|---|---|---|
ECON90033 | Quantitative Analysis of Finance I |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
ECON90034 | Economics of Finance |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
12.5 |
ACCT90002 | Financial Statement Analysis |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
|
12.5 |
FNCE90047 | Financial Markets and Instruments |
Semester 2 (On Campus - Parkville)
Semester 1 (On Campus - Parkville)
|
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: 3 November 2022
Assessment
Due to the impact of COVID-19, assessment may differ from that published in the Handbook. Students are reminded to check the subject assessment requirements published in the subject outline on the LMS
Description | Timing | Percentage |
---|---|---|
11 In-class quizzes (50 words each)
| From Week 2 to Week 12 | 20% |
2 individual homework assignments (400 words each)
| From Week 4 to Week 9 | 20% |
Two individual term project papers (not more than 1000 words each)
| From Week 8 to Week 12 | 40% |
Two-hour end-of-semester examination
| During the examination period | 20% |
Last updated: 3 November 2022
Dates & times
- Semester 2
Mode of delivery On Campus (Parkville) Contact hours Two x 1 hour lecture and one x 1 hour workshop per week Total time commitment 170 hours Teaching period 3 August 2020 to 1 November 2020 Last self-enrol date 14 August 2020 Census date 21 September 2020 Last date to withdraw without fail 16 October 2020 Assessment period ends 27 November 2020
Last updated: 3 November 2022
Further information
- Texts
Prescribed texts
To be advised by the subject coordinator
- 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