Introductory Personal Finance (FNCE20003)
Undergraduate level 2Points: 12.5On Campus (Parkville)
Overview
| Availability | Semester 2 |
|---|---|
| Fees | Look up fees |
This subject introduces students to the management of personal finances as well as consumer financial products and services. It discusses the notion of financial wellbeing and its relation to other aspects of wellbeing. It then describes the typical financial problems people encounter in their lives and the key financial products and services used to address them, including investing in financial securities, purchasing real estate and funding retirement. The subject also discusses relevant aspects of taxation, government incentives as well as human decision-making. This subject is aimed at students envisaging a career in consumer financial services, as a financial adviser or in the public service (e.g., regulation). It also provides a basis for personal financial decision making
Intended learning outcomes
On completion of the subject, students should be able to:
- Explain the concept of financial wellbeing, its key dimensions and its relation with other aspects of wellbeing;
- Analyse the main financial problems people face in their lives and explain key financial products and services and apply them to those problems;
- Describe important aspects of human decision-making relevant to the management of personal finances;
- Describe the financial planning process in Australia, including key legal and regulatory aspects.
Generic skills
- High level of development: application of theory to practice; evaluation of data and other information; synthesis of data and other information; problem-solving; critical thinking;
- Moderate level of development: written communication; collaborative learning; interpretation and analysis;
- Some level of development: oral communication; use of computer software; accessing data and other information from a range of sources.
Last updated: 9 April 2025
Eligibility and requirements
Prerequisites
| Code | Name | Teaching period | Credit Points |
|---|---|---|---|
| FNCE10002 | Principles of Finance |
Semester 1 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
Summer Term (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: 9 April 2025
Assessment
| Description | Timing | Percentage |
|---|---|---|
Two individual homework assignments (not more than 600 words each)
| From Week 3 to Week 12 | 30% |
Mid-semester test
| Mid semester | 20% |
End-of-semester examination
| During the examination period | 50% |
Last updated: 9 April 2025
Dates & times
- Semester 2
Principal coordinator Antony Cusack Mode of delivery On Campus (Parkville) Contact hours One 2-hour lecture and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 22 July 2024 to 20 October 2024 Last self-enrol date 2 August 2024 Census date 2 September 2024 Last date to withdraw without fail 20 September 2024 Assessment period ends 15 November 2024 Semester 2 contact information
Email: antony.cusack@unimelb.edu.au
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
Last updated: 9 April 2025
Further information
- Texts
- Related Handbook entries
- Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Please note Single Subject Studies via Community Access Program is not available to student visa holders or applicants
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
Last updated: 9 April 2025