BFF3351 S1 2020 Unit Guide PDF

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Unit Guide for BFF3351 - Investment Banking 2020 Semester 1...

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Unit Guide 

BFF3351 Investment banking Semester 1, 2020 

We acknowledge and pay respects to the Traditional Owners and Elders -past, present and emerging - of the lands and waters on whichMonash Universityoperates.   Handbook link: http://monash.edu.au/pubs/2020handbooks/units/BFF3351.html The information contained in this unit guide is correct at time of publication. The University has the right to change any of the elements contained in this document at any time.

Last updated:24 Mar 2020

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Table of contents Unit handbook information

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Synopsis

4

Mode of delivery

4

Workload requirements

4

Class Timetable

4

Unit relationships

4

Prerequisites

4

Prohibitions

4

Co-requisites

4

Enrolment rules

4

Chief Examiner

5

Unit Coordinator(s)

5

Teaching associates

5

Academic overview

6

Course outcomes

6

Unit learning outcomes

6

Teaching approach

7

Live streaming (LS)

7

Recording of lectures

8

Live streaming

8

Unit schedule Assessment summary

9 9

Second marking

10

Return of final marks

10

Exam viewing

10

Assessment criteria

10

Assessment requirements

11

Hurdle requirement

11

Participation

11

Assessment tasks

11

Final examination

13

Referencing requirements

14

Assignment submission

14

Feedback

14

Bring your own device

15

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Learning resources

15

Required resources

15

Technological requirements

15

Q Manual Prescribed text and readings Other information

16 16 16

Policies

16

Student Academic Integrity Policy

16

Special Consideration

16

Graduate Attributes Policy

17

Student Charter

17

Student Services

17

Monash University Library

17

Disability Support Services

17

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Unit handbook information Synopsis This unit will examine the development of investment/merchant banking in Australia and overseas; specialised financial services in project finance, structured finance and infrastructure finance; venture capital; initial public offering activities; financial advisory work including mergers and acquisitions; investment funds management activities; privatisation and corporatisation; and future directions of investment banking.

Mode of delivery Caulfield (On-campus)

Workload requirements Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

Class Timetable Follow thislinkto view the scheduled times for your unit's learning activities for this teaching period.

Unit relationships 

Prerequisites BFF2140 or BFB2140 or BFW2140 or BFC2140

Prohibitions None

Co-requisites None

Enrolment rules 4

None

Chief Examiner Name:DrZoltanMurgulov Campus:Clayton Phone:+61 3 990 34132 Email:[email protected]

Unit Coordinator(s) Name:DrZoltanMurgulov Campus:Clayton Email:[email protected] Phone:+61 3 990 34132

Teaching associates Name:DrBrianDe Silva Campus:Caulfield Phone: Email:[email protected]  Name:MrMohanRaghavachari Campus:Caulfield Phone: Email:[email protected]  Name:MrPatrickNolan Campus:Caulfield Phone: Email:[email protected]  Name:MrStewartTillyard Campus:Caulfield Phone: Email:[email protected]  Name:DrVineetTawani Campus:Caulfield Phone: Email:[email protected]  Name:MrVinayNigam Campus:Caulfield Phone:

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Email:[email protected] 

Academic overview Course outcomes Courseoutcomes associated with this unit are that graduates will: 1. be critical and creative scholars who produce ● ● ●

innovative solutions to problems apply research skills to business challenges communicate effectively and perceptively

2. be responsible and effective global citizens who: ● ● ●

engage in an internationalised world exhibit cross-cultural competence demonstrate ethical values

3. demonstrate broad knowledge and technical skills in business and provide discipline based solutions relevant to the business, professional and public policy communities that we serve. In particular: ● ●

●

explain technical and theoretical banking and finance concepts comply with the Australian Business Dean's Council endorsed Finance Learning Standards of knowledge, application, judgement, communication and teamwork reflect, formulate and present banking and finance proposals.

4. demonstrate a well-developed understanding of multidisciplinary decision making in organisations via application of knowledge from core business discipline areas.

Unit learning outcomes On successful completion of this unit, you should be able to: 1. describe the key operations of investment banks

2. apply valuation models to companies

3. explain regulations related to equity issues, mergers and acquisitions and share buybacks

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4. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with investment banking.

Teaching approach This unit will be taught as a lecture and a tutorial each week. You are expected to attend all lectures and tutorials. The lectures will not cover every aspect of each topic listed in the Unit Schedule as you are expected to acquire a comprehensive understanding by undertaking the prescribed and recommended reading and by completing the week-by-week tutorial activities and other insemester assessment tasks. The tutorials provide an opportunity for you and your peers to discuss the current topic(s) and to compare your completed assessment tasks with other students' work and/or model answers. While tutorials provide an opportunity for you to demonstrate the application of your knowledge and skills there is also an opportunity for you to ask the staff member to clarify your understanding of the topics and associated concepts covered to date. In general you are expected to spend two to three hours of self-directed study for each hour in class. Some of this time should be devoted to discussions with other students. The benefit of such discussions will be enhanced if you have completed relevant prescribed and recommended reading and/or started or completed the current assessment task(s). The prescribed and recommended readings are listed in this guide and on the unit's Moodle site. The Moodle site providesaccess to relevant material including past examination papers and model answers. These resources will enable you to develop a mastery of the topics covered by the unit. To ensure a high probability of successfully completing this unit, you need to manage your time and studies in a systematic way. At a minimum this should involve: ● reading prescribed and selected recommended material prior to attending lectures; ● completing week-by-week tutorial activities tasks prior to attending tutorials; ● attempting relevant questions from past final examination papers and in-semester tests; ● discussions with past and present students; and ● revision of the semester's work during the SWOT VAC and prior to the final examination. Technology requirements (lecture and live-streaming modes only): To participate in the interactive learning of the subject, students are required to access the on-line learning platform (this unit may use Flux, Learning Catalytics or a combination of similar online learning platforms). How to access and use these learning platforms will be explained. Participation in online learning platform during class time is required to earn the participation assessment marks. See the Assessment Summary section for more details on the participative assessment.

Live streaming (LS) Students live stream the lecture using their computing device and participate in online polling questions, earning participation assessment (5%). You are still effectively “in-class” as you are streaming the lecture as it is being conducted live and you are still participating along with all other

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students in the online polling questions. You can live stream from anywhere on-campus or offcampus.

Note: successful live streaming is heavily technology dependent on the capacity of your computing device and your internet connection. Unit staff are not responsible for live streaming if you use a non-university WIFI or the inability of your computing device to live stream. You are strongly encouraged to either attend the Live Streaming. Note that if the equipment fails there is no recording of the lecture and there will be no substitute. Please note that the Live Streaming may experience a delay in delivery to your electronic device (the time delay may be a few seconds or more depending on network traffic). A link to the livestreams will be available in your unit Moodle website.

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Recording of lectures This unit will have lectures recorded. These recordings will be available to current students. In the event that there is an equipment failure and the lecture is not recorded in part or in full, no alternative recording will be provided. The Chief Examiner may determine a part or parts of lecture unsuitable for recording.

Live streaming If you are allocated to a lecture activity as a livestream unit you do not need to come to campus. A link to the livestreams will be available in your Moodle unit. For information on how to participate in your lectures via live streaming you can review this guide created by the library:https://guides.lib.monash.edu/learning-tools/video If you have any technical issues please contact the service desk:https://www.monash.edu /esolutions/contact If you need more information on timetabling you can visit their site:https://www.monash.edu /timetables/fix-problems

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Unit schedule For units with on-campus classes, teaching activities are normally scheduled to start on the hour (teaching will commence on the hour and conclude 10 minutes prior to the scheduled end time). Students should note that the program outlined below is a guide to the material to be covered in this unit and not a definitive statement of when that material will be covered. Specific details relating to the timing will be discussed in class.

Week

Activity

1

Investment banking industry and study of selected investment services.

2

Public offerings (1)

3

Public offerings (2)

4

Public offerings (3) / Mergers and acquisitions (1)

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Mergers and acquisitions (2)

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Mergers and acquisitions (3) / Share buy backs (1)

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Share buy backs (2)

8

Project finance

9

Private equity and Venture Capital (1)

10

Private equity and Venture Capital (2) / Privatisation

11

Structured finance

12

Outstanding issues and revision

Assessment

In semester test

No formal assessment in doneduringSWOT VAC Examination Period

http://policy.monash.edu.au/policy-bank /academic/education/assessment /assessment-in-coursework-policy.html

Assessment summary 9

This unit may employ invigilated electronic assessment. Within semester assessment: 40% + Examination: 60% This unit contains a hurdle requirement that you must achieve to be able to pass the unit. The consequence of not achieving a hurdle requirement is a fail grade (NH) and a maximum mark of 45 for the unit. Assessment task

Value

Due date

Class participation

10% (5% lectures + 5% tutorials)

Ongoing throughout semester

In Semester Test

30%

Teaching week eight (Check your timetable; this is a Monash University centrally run test).

Final examination

60%

To be advised

A student’s final mark is normally the sum of the marks obtained in all of the individual assessment items in the unit.

Second marking In the Faculty of Business and Economics, all of the following assessment items graded as a fail by the first marker are blind marked by a second marker: ● ●

examination papers in-semester assessment items worth 20% or more

Return of final marks Faculty policy states that 'the final mark that a student receives for a unit will be determined by the Board of Examiners taking into account all aspects of assessment'. The final mark for this unit will be released by the Board of Examiners on the date nominated in the Faculty Calendar. Student results will be accessible through the my.monash portal.

Exam viewing Feedback on student performance in examinations and other end-of-semester assessment is required. The feedback should be in accordance with the University's procedures on Unit Assessment. Details of the examination script viewing arrangements set down by the Faculty of Business and Economics are available athttps://www.monash.edu/business/current-students /exams-and-results/exam-performance-and-feedback

Assessment criteria

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Assessment Criteria Grading Descriptors available at: https://www.monash.edu/__data/assets/pdf_file/0006/801690/Assessment-in-Coursework-UnitsGrading-and-Marking-Procedures.pdf

Assessment requirements Hurdle requirement This unit has a threshold mark hurdle, which means you must achieve at least 45% of the available marks in the Final Exam/Final Major Assessment Task to be able to pass the unit. If you do not achieve the threshold mark, you will receive a fail grade (NH) and a maximum mark of 45 for the unit.

Participation Participation marks are awarded for theweekly discussion forum participation. Lectures will use online polling technology (live questions delivered and answered in class from your mobile computing device). Students earn participation assessment (5% of total unit assessment for lecture participation and an additional 5% for tutorial participation). Students can participate in online polling via Live Streaming.Moodle discussion forum participation can be used in lieu of inclass participation. Further information on class participation will be provided via Moodle announcements.

Assessment tasks Assessment task title:Class participation Due Date: Date:Ongoing throughout semester Weighting/Value: Weighting/Value:10% (5% lectures + 5% tutorials) Details of Task: Participation marks are awarded for in-class participation. Lectures will use online polling technology (live questions delivered and answered in class from your mobile computing device). Students earn participation assessment, with 5% of total unit assessment for lecture participation and an additional 5% for the Moodle based tutorial discussion forumparticipation. For lecture participation, students can participate in online polling regardless if they are being present in the lecture venue or if they are off-site and have joined the lecture via concurrent Live Streaming. It is possible that tutorial participation will involve a combination of live-streaming technology (if available) and the use of weekly Moodle discussion forum participation. The following general guidelines will be followed when determining your tutorial participation marks (tutorial participation is marked out of 5 marks and represent 5% of the total marks in this unit):

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Marks

Nature of contribution

4–5 

Outstanding contributor Student comments reveal exceptional preparation and the contribution enhances further student discussions. If the student was absent from the class, the tutorial would lack the desired student directed learning.

3.5–4

Good contributor Student comments reveal thorough preparation and his/her contribution provides some useful insight into the topic and at times leads the class discussions. If the student was absent from the class, the quality of student initiated debate would significantly diminish.

2–3.5 

Standard contributor Student comments reveal adequate preparation and at times his/her contribution aids class discussion. However, the contribution is not consistent, with comments at times being well argued and/or persuasive yet on other occasions they are unsubstantiated and/or illogical. If the student was absent from the class, the quality of the student initiated debate would suffer.

1–2

Sub-standard contributor At times very little or no participation at all in tutorial. As such students rarely contribute to class discussions; it is extremely difficult toassess their level of preparation and the likely contribution they might have made to the class discussions.

0

Non-contributor No participation in majority of tutorials. If occasionally participating, student comments reveal a lack of preparation and negatively impact upon class discussions. Such contributions fail to provide constructive lead to class discussions and invariable disrupt the flow of debate.

Release date: N/A Word limit: not applicable Presentation requirements: requirements:Instructions to be provided in class. Multiple choice and open ended questions. Estimated return date: Immediate feedback on questions (marks provided after week 12) Criteria for marking: Answering online polling questions in lectures week 1 to week 12. Answering and discussing weekly assigned questions in tutorials in week 1 to week 12. Learning objectives assessed: assessed:This assessment task is designed to test students’ achievement of unit learning goals / objectives 1 to 4. Submission details: During your allocated / timetabled class time. Penalties for late lodgement: There will be no late lodgement of online polling answers. Must participate in class. Assessment coversheet: Not required. Additional information: Additional information and instructions to be provided in class.

Assessment task title:In Semester Test Due Date: Date:Teaching week eight (Check your timetable; this is a Monash University centrally run test). Weighting/Value: Weighting/Value:30%

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Details of Task: The In-semester test will be closed book and is of 100 minutes duration.The test will covercontent covered in classes up to and including the most r...