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Unit Guide 

BFC3241 Equities and investment analysis Semester 2, 2018    Handbook link: http://monash.edu.au/pubs/2018handbooks/units/BFC3241.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:05 Jul 2018

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Table of contents Unit handbook information

4

Synopsis

4

Mode of delivery

4

Workload requirements

4

Unit relationships

4

Prerequisites

4

Prohibitions

4

Co-requisites

4

Chief Examiner

4

Unit Coordinator(s)

4

Campus Lecturer(s)

5

Tutor(s)

5

Academic overview

6

Unit learning outcomes

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Teaching approach

6

Recording of lectures Unit schedule Assessment summary

7 8 9

Second marking

9

Return of final marks

9

Exam viewing

9

Assessment criteria

9

Assessment requirements

10

Hurdle requirement

10

Participation

10

Assessment tasks

10

Examination(s)

12

Referencing requirements

13

Feedback

13

Learning resources

13

Required resources

14

Technological requirements

14

Q Manual

14

Prescribed text and readings

14

Recommended resources

15

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Other information

15

Policies

15

Student Academic Integrity Policy

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Special Consideration

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Graduate Attributes Policy

15

Student Charter

15

Student Services

15

Monash University Library

16

Disability Support Services

16

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Unit handbook information Synopsis Topics include asset classes and returns, portfolio theory, asset pricing models, security valuation processes and techniques, market efficiency and behavioural finance, portfolio performance evaluations, hedge funds and the CFA Institute code of ethics and standards of professional conduct.

Mode of delivery Clayton (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.

Unit relationships 

Prerequisites BFC2140 or equivalent.

Prohibitions AFC2240, ACC3230, BFC2240

Co-requisites None

Chief Examiner Name:DrPaulDocherty Campus:Caulfield Phone:99034178 Email:[email protected]

Unit Coordinator(s) 4

Name:DrPaulDocherty Campus:Caulfield Email:[email protected] Phone:99034178

Campus Lecturer(s) Name:DrPaulDocherty Campus:Caulfield Phone: Email:[email protected]  Name:DrViet NgaCao Campus:Caulfield Phone: Email:[email protected] 

Tutor(s) Name:MrsAlpanaTrivedi Campus:Caulfield Phone: Email:[email protected]  Name:MsBrookePeel Campus: Phone: Email:[email protected]  Name:MrSeanZhu Campus:Caulfield Phone: Email:[email protected]  Name:MrTobyChen Campus:Clayton Phone: Email:[email protected]  Name:MrMd AlMamun Campus:Clayton Phone: Email:[email protected] 

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Name:MrHenryTrang Campus:Clayton Phone: Email:[email protected]  Name:MrXiaoTian Campus:Clayton Phone: Email:[email protected]  Name:MrMohanRaghavachari Campus:Caulfield Phone: Email:[email protected] 

Academic overview Unit learning outcomes The learning goals associated with this unit are to: 1. examine the nature of different asset classes and the ways in which professional managers incorporate and manage asset classes 2. apply various techniques to analyse and select equities in equity investment 3. understand the skills and techniques used by professionals who are involved in funds management, and wealth creation 4. understand the importance of professional investment in wealth creation 5. understand the importance of ethical practices by investment professionals and the CFA Institute code of ethics and standards of professional conduct 6. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with equities and investment analysis and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by BFC3241.

Teaching approach This unit will be taught as a two-hour lecture and a one-hour tutorial each week for 12 weeks. You are expected to attend all lectures and tutorials. If the equipment fails and there is no recording of the lecture there will be no substitute. 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.

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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 tutor 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. Prior to end-of-semester examination, past exam papers together with model answers (with exception of the Multiple Choice Questions section), are provided on Moodle. 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: 1. reading prescribed and selected recommended material prior to attending lectures; 2. completing week-by-week tutorial activities tasks prior to attending tutorials; 3. attempting relevant questions from past final examination papers and in-semester tests; 4. discussions with past and present students; and

5. revision of the semester's work during the SWOT-Vac and prior to the final examination.

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Recording of lectures This unit will have lectures (or seminars in the absence of lectures) recorded. These recordings will be available to current students. If there is more than one seminar or lecture stream, the Chief Examiner may decide not to record each stream. 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 lectures (or seminars) unsuitable for recording.

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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

Date Commencing

Activities

0

Assessment

No formal assessment or activities are undertaken in week 0

1

23/7/2018

Assets & Investments

2

30/7/2018

Portfolio Theory

3

6/8/2018

Asset Pricing Models

4

13/8/2018

Equity Analysis I

5

20/8/2018

Equity Analysis II

6

27/8/2018

Equity Analysis III

7

3/9/2018

Equity Analysis IV

8

10/9/2018

Market Efficiency and Behavioural Finance I

Online Mid-Semester Quiz

9

17/9/2018

Market Efficiency and Behavioural Finance II

Group Assignment Due

Group Presentation

Mid-Semester Break 10

1/10/2018

CFA Code of Ethics and Standards ofProfessional Conduct

11

8/10/2018

Portfolio Management I

12

15/10/2018

Portfolio Management II SWOT VAC

No formal assessment is undertaken SWOT VAC

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Examination period

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

Assessment summary Within semester assessment: 40% + Examination: 60% Assessment task

Value

Due date

In-semester test

10%

Wednesday 12 September (Must log in between 3pm and 9pm)

Group assignment

25%

4pm Friday Week 9 (21 September 2018)

Tutorial Participation

5%

Ongoing

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 Where an assessment task is given a fail grade by an examiner, that piece of work will be marked again by a second examiner who will independently evaluate the work, and consult with the first marker. No student will be awarded a fail grade for an assessment task or unit without a second examiner confirming the result. Note: Exceptions to this are individual pieces of assessment contributing 20% or less of the final mark, unless the total of such pieces exceeds 30% of the final mark.

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 /admin-information/policies-and-procedures/examination-feedback-procedure

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Assessment criteria 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 There is a hurdle requirement in this unit.The hurdle requirement isthat students must attain a mark of at least 50% in the Final Exam / Final Major Assessment Task. A student's final mark is normally the sum of the marks obtained in all of the assessment tasks in the unit.Where a student does not meet the hurdle requirement, the maximum mark that may be returned for the unit is 48.

Participation Tutors will grade students based on the level of preparation and participation during the weekly tutorials. Please make sure that you attend your allocated tutorial (via Allocate+) throughout the semester and note that attendance itself is not considered participation. For more information see Assessment Tasks below.

Assessment tasks Assessment task title:In-semester test Due Date: Date:Wednesday Weighting/Value: Weighting/Value:10% Details of Task: This will be a90-minute test. The details of the test will be released on Moodle. Students must log in and commence the quiz between 3pm and 9pm on Wednesday 12 September. Test conditions: Students are required to log onto Moodle and complete the quiz on their own. Any evidence that students did not complete the quiz individually will be considered to be a discipline offence under Part 7 of the Monash University (Council) Regulations. The quiz is open book - you are permitted to have all of your course notes with you when you complete the quiz. Students will be randomly allocated a number of questions from a pool. No two quizzes will be identical.

Release date: N/A Word limit:N/A Presentation requirements: N/A Estimated return date: Marks to be provided no later than the start of the examination period. Students can expect to view their test papers during exam consultation hours. Students may not keep their test papers. All the test papers will be retained by the Chief

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Criteria for marking: Provided in Lectures/Moodle Learning objectives assessed: assessed:All Learning Objectives. Submission details: Submitted in Lecture Penalties for late lodgement: Late Lodgement is not possible Assessment coversheet: N/A Additional information: N/A

Assessment task title:Group assignment Due Date: Date:4pm Friday Week 9 (21 September 2018) Weighting/Value: Weighting/Value:25% Details of Task: This is a group assignment. Each group should consist of 3-4 students. Students are required to prepare an investment report on a particular firm. Release date: The detailed information on the assignment will be released on Moodle in Week 3. Word limit: 3000 words Presentation requirements: Please see the instructions on Moodle. Estimated return date: Week 12 Criteria for marking: Provided in Lectures/Moodle. Learning objectives assessed: All Learning Objectives. Submission details: Each group should submit one soft copy via Turnitin and one hard copy. Hard copy of the assignment should be submitted to the allocated assignment submission box on Level 10, Building 11, Clayton Campus. Penalties for late lodgement: A penalty of 10% of the total mark allocated to this assessment task will be deducted for each day, or part thereof, it is late. Assessment coversheet: N/A Additional information: information:Applications for an extension ofthe due datemust be made by completing the application form found at http://www.monash.edu.au/exams/assets/docs/in-semester.pdf The application form must be submitted to the Chief Examiner for consideration no later than two (2) university working days after the due date of the affected assessment or activity. The outcome of an application for special consideration should not be assumed

Assessment task title:Tutorial Participation Due Date: Date:Ongoing Weighting/Value: Weighting/Value:5% Details of Task: Participation is not just attendance and students are required to participate in class discussions. No participation in class discussions means your tutor may give you zero participation marks. Students are required to participate in class discussions by way of answering questions, asking questions and contributing to other students’ questions. Release date: N/A Word limit:N/A Presentation requirements: N/A Estimated return date: Marks to be provided no later than the start of the examination period. Criteria for marking: marking:The following guidelines will be used when evaluating yourparticipation MARKS

NATURE OF CONTRIBUTION

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5

Outstanding contributor The comments made by you revealed exceptional preparation and the contribution provided a substantive foundation for furthering fruitful class discussions. If you were absent from the class, the tutorial would have lacked the desired student directed learning.

4

Good contributor The comments made by you revealed thorough preparation and your contribution provided some useful insight into the topic. At times you even lead the class discussions. If you were absent from the class, the quality of student initiated debate would have significantly diminished.

2-3

Standard contributor The comments made by you revealed adequate preparation and at times your contribution aided class discussions. However, your contribution was not consistent. At times the comments you made were well argued and/or persuasive, yet on other occasions they were unsubstantiated and/or illogical. If you were absent from the class, the quality of the student initiated debate would have suffered.

1

Poor contributor You rarely contributed to class discussions, it is extremely difficult to assess your level of preparation and the likely contribution you might have made to the class discussions.

0

Non-contributor The comments made by you revealed a lack of preparation and negatively impacted upon class discussions. Additionally, your contributions failed to provide a constructive lead to class discussions and invariably disrupted the flow of debate.

 Learning objectives assessed: All Learning Objectives. Submission details: N/A Penalties for late lodgement: N/A Assessment coversheet: N/A Additional information: N/A

Examination(s) Title: Title:Examination Weighting: 60% Length: 2 hours Type (open/closed book): Closed book Exam details: details:This assessment task is designed to test your achievement of all learning objectives. The final examination will be held during the official examination period. Information about examination schedule can be accessed through my.monash portal. All source materials, which are specified in the unit guide and on the unit's Moodle site, are examinable. This includes prescribed reading and other source materials cited in lectures, tutorials and assessment tasks.

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Electronic devices allowed in the exam: Calculators are permitted in the exam. The only Faculty approved calculator permitted in tests and examinations for all Australian campuses and locations is the HP10bII+.

Referencing requirements To build your skills in citing and referencing, and using different referencing styles, see the online tutorial Academic Integrity: Demystifying Citing and Referencing athttp://www.lib.monash.edu /tutorials/citing/

Feedback Our feedback to you Types of feedback you can expect to receive in this unit are: ● ● ● ●

Formal individual feedback on assignments expressed as a letter grade Answers toque...