Fintech: Foundations and Applications (FNCE90084)

Graduate courseworkPoints: 12.5Dual-Delivery (Parkville)

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Overview

Availability
Semester 2 - Dual-Delivery
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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

On completion of the subject, students should be able to:

  • 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: 31 January 2024

Eligibility and requirements

Prerequisites

Admission into one of the following:

  • MC-FINANCE Master of Finance
  • MC-FINENH Master of Finance (Enhanced)

AND

Note: the following subject/s can also be taken concurrently (at the same time):

All of

Code Name Teaching period Credit Points
ACCT90002 Financial Statement Analysis
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
 12.5
ECON90033 Quantitative Analysis of Finance I
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
 12.5
ECON90034 Economics of Finance
Semester 2 (Dual-Delivery - Parkville)
Semester 1 (Dual-Delivery - Parkville)
 12.5
FNCE90047 Financial Markets and Instruments
Semester 2 (Dual-Delivery - Parkville)
Semester 1 (Dual-Delivery - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

Code Name Teaching period Credit Points
FNCE30012 Foundations of FinTech
Semester 2 (Dual-Delivery - Parkville)
 12.5

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: 31 January 2024

Assessment

DescriptionTimingPercentage

11 In-class quizzes (50 words each)

  • 550 words
From Week 2 to Week 1220%

Two individual homework assignments (600 words each)

  • 1200 words
From Week 4 to Week 930%

One individual term project papers (not more than 800 words each)

  • 800 words
From Week 8 to Week 1220%

Two-hour end-of-semester examination

  • 2 hours
Hurdle requirement: Successful completion of this subject requires a pass (50%) in the final exam.		During the examination period30%

Last updated: 31 January 2024

Dates & times

  • Semester 2
    Principal coordinatorCarsten Murawski
    Mode of deliveryDual-Delivery (Parkville)
    Contact hoursOne x 2 hour lecture and one x 1 hour workshop per week
    Total time commitment170 hours
    Teaching period25 July 2022 to 23 October 2022
    Last self-enrol date 5 August 2022
    Census date31 August 2022
    Last date to withdraw without fail23 September 2022
    Assessment period ends18 November 2022

Last updated: 31 January 2024

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: 31 January 2024