2010 Course Handbook
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ACST101: Techniques and Elements of Finance
This unit provides an introduction to the pricing of financial instruments in the techniques section, and to the functions of the Australian financial system in the elements section. The principal components are the basic methods of financial mathematics and the structure of the financial system. In this unit students apply the mathematical concepts in valuing a range of financial instruments including investment accounts, promissory notes, mortgage loans, personal loans and bonds. They also learn about financial institutions (e.g. banks, insurance companies, superannuation funds), financial instruments (e.g. bills, bonds, shares) and financial markets. A background of HSC Mathematics or equivalent numerical competency is desirable. The concepts developed in this unit are required in subsequent actuarial studies and finance units. The unit also provides a practical introduction to finance for students not planning to continue with study in the area. Assessment is by way of weekly assignments, class tests and a final examination.
| Credit Points: | 3 |
| Contact Hours: | 3 |
| When Offered: | D1 - Day; Offered in the first half-year D2 - Day; Offered in the second half-year E1 - Evening; Offered in the first half-year |
| Staff Contact(s): | Actuarial Staff |
| Prerequisites: | |
| Corequisites: | |
| NCCW(s): | ACST110, ACST100 |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Actuarial Studies |
Timetable Information
For unit timetable information please visit the Timetables@Macquarie Website .