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Techniques and Elements of Finance - WACT101
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 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 (eg, banks, insurance companies, superannuation funds), financial instruments (eg, bills, bonds, shares) and financial markets. A background of HSC General Mathematics or equivalent numerical competency is assumed. Students who have not studied the necessary mathematics are advised to complete MATH123 before enrolling in this unit. 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.
| Credit Points: | 3 |
| When Offered: | 2016 - Next offered in 2016 |
| Staff Contact(s): | |
| Prerequisites: |
Admission to DipAccgComBusAdm |
| Corequisites: | |
| NCCW(s): | ACST101 |
| Unit Designation(s): | |
| Unit Type: | FoundationMUIC unit |
| Assessed As: | Graded |
| Offered By: | Macquarie University International College |
Timetable Information
For unit timetable information and session dates for external offerings please visit the Timetables@Macquarie Website.