Course description
Core subject:
Subject Semester Credit Points
333-613 Foundations of Finance
This subject involves a study of the theoretical underpinnings of modern finance. Topics covered include choice under uncertainty, portfolio theory, asset pricing models, option pricing models, investment evaluation, corporate financial policy, agenc... Semester 1 12.50
At least one quantitative subject selected from:
Subject Semester Credit Points
333-627 Numerical Techniques in Finance
Numerical Techniques focuses on the theory and application of numerical methods for solving financial problems. The applications may include option valuation, value at risk, term structure modelling, portfolio simulation and optimization and capital ... Semester 2 12.50
316-635 Basic Econometrics
This subject examines multiple regression analysis and its use in economics, management, finance, accounting and marketing. Topics will include the properties of estimators, hypothesis testing, specification error, multicollinearity, dummy variables,... Semester 1 12.50
316-637 Applied Microeconometric Modelling
This subject examines estimation and testing of microeconometric models based on cross-section and panel data and quantitative and limited dependent variables. Illustrative application topics normally will include labour economics, consumer demand an... Semester 2 12.50
316-638 Time Series Analysis and Forecasting
Normally topics will include current techniques used in forecasting in finance, accounting and economics such as regression models, Box-Jenkins, ARIMA models, vector autoregression, causality analysis, cointegration and forecast evaluation, ARCH mode... Semester 2 12.50
316-673 Financial Econometrics
The subject presents an econometric treatment of topics in finance. Normally the finance topics will include portfolio theory, capital asset pricing models, arbitrage pricing theory, efficient markets hypothesis, covered interest parity, term structu... Semester 2 12.50
316-678 Econometric Techniques
Estimation and inference techniques for models involving a single equation and systems of equations are introduced. Normally topics include asymptotic theory, maximum likelihood estimation, classical testing procedures, generalised least squares esti... Semester 1 12.50
Four elective subjects selected from:
Subject Semester Credit Points
333-615 International Business Finance
Foreign exchange market microstructure; tests of parity relationships; measurement and management of foreign exchange exposure; international asset pricing models; international cost of capital and capital structure; international capital budgeting; ... Semester 2 12.50
333-617 Financial Institutions Management
Objectives of financial institutions; principles of financial intermediation; liquidity management; interest rate risk management; market risk; VaR; credit risk modelling; the role of capital; efficiency in the financial services sector; financial in... Semester 2 12.50
333-618 Advanced Derivative Securities
Arbitrage bounds, stock price dynamics, geometric Brownian motion and Itos Lemma, Cox-Ross-Rubinstein binomial model, Black-Scholes model, risk neutral valuation, forwards and futures, currency, stock index, futures and exotic options, Interest rate ... Semester 1 12.50
333-621 Advanced Corporate Finance
A study of recent literature in a number of areas of corporate finance. Topics include: real options, mergers and acquisitions, capital structure decisions, dividend policy, security analysis and design and corporate hedging. Semester 1 12.50
333-622 Advanced Investments
The principles and techniques of security pricing with particular emphasis on the latest research are examined. Topics include valuation, market microstructure, behavioural finance and asset pricing Semester 1 12.50
306-610 Financial Statement Analysis
An examination of the role of financial statement information and analysis in the evaluation of the current profitability, liquidity and riskiness of public companies, and the prediction of their future condition by parties external to the firm. Topi... Semester 1 12.50
Students are encouraged to develop a program of study that is relevant to their academic and career objectives. To facilitate this, students may take other fourth year (level four), Masters (level six) or PhD (level seven) subjects offered at the University of Melbourne. Students must ensure that they meet the subject prerequisites. Approval of the Program Director of the Master of Commerce (Finance) is required.
Research report and workshop (students must enrol in this subject in two consecutive semesters):
Subject Semester Credit Points
333-626 Research Report (Finance)
The report not exceeding 10 000 words is to take the form of a research paper or a research report. The topic should be in a finance related area and must be approved by the Academic Coordinator.The Research Report component of the Master of Commerce... Semester 1, Semester 2 25
