2010 Course Handbook
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ACST201: Financial Techniques, Instruments and Markets
This unit explores some basic concepts of finance, in particular: price; yield; the relationship between price and yield; interest rate risk; reinvestment risk; duration and its uses; volatility; the contingent payments approach; arbitrage pricing theory; pricing forwards; future and options. To achieve understanding, this unit uses financial mathematics (the techniques learned in ACST101 Techniques and Elements of Finance are developed further here) to analyse transactions involving commonly used financial instruments in the context of the markets in which they are traded. At the same time, students develop skills in solving problems; in explaining financial ideas in simple language; in constructing spreadsheet models; and in working as part of a team. A range of assessment tasks are provided, some to generate feedback on how well the understanding and skills are developing, and others to determine the standard of understanding and skills attained.
| Credit Points: | 3 |
| Contact Hours: | 3 |
| When Offered: | D2 - Day; Offered in the second half-year E2 - Evening; Offered in the second half-year |
| Staff Contact(s): | Actuarial Staff |
| Prerequisites: |
ACST101(P) and 15cp |
| Corequisites: | |
| NCCW(s): | ACST200, ACST202, ACST229, ECFS200 |
| Unit Designation(s): | |
| Assessed As: | Graded |
| Offered By: | Department of Actuarial Studies |
Timetable Information
For unit timetable information please visit the Timetables@Macquarie Website .