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Techniques and Elements of Finance - ACST101
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 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: | S1 Day - Session 1, North Ryde, Day S2 Day - Session 2, North Ryde, Day S1 Evening - Session 1, North Ryde, Evening MQC1 Day - Macquarie City Campus Study Period 1, Undergraduate, Day, March to June MQC1 Evening - Macquarie City Campus Study Period 1, Undergraduate, Evening, March to June MQC2 Day - Macquarie City Campus Study Period 2, Undergraduate, Day, July to October MQC3 Evening - Macquarie City Campus Study Period 3, Undergraduate, Evening, November to February |
| Staff Contact(s): | Actuarial staff |
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| Corequisites: | |
| NCCW(s): | ACST110, ACST100 |
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| Assessed As: | Graded |
| Offered By: | Department of Applied Finance and Actuarial Studies Faculty of Business and Economics |
Timetable Information
For unit timetable information and session dates for external offerings please visit the Timetables@Macquarie Website.