University of Sydney Handbooks - 2018 Archive

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Banking Descriptions

Errata
Item Errata Date
1. ENVX1002 Introduction to Statistical Methods: Prohibitions have changed. They now read
N: ENVX1001, MATH1005, MATH1905, MATH1015, MATH1115, DATA1001, BUSS1020, STAT1021 and EMCT1010
20/2/2018

1000-level units of study

BUSS1020 Quantitative Business Analysis

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1 x 2hr lecture and 1 x 2hr tutorial per week Prohibitions: ECMT1010 or MATH1005 or MATH1905 or MATH1015 or STAT1021 or ENVX1001 or ENVX1002 or DATA1001 or MATH1115 Assessment: quiz 1 (15%), quiz 2 (15%), weekly homework (15%), written assignment (20%), final exam (35%) Mode of delivery: Normal (lecture/lab/tutorial) day
All graduates from the BCom need to be able to use quantitative techniques to analyse business problems. This ability is important in all business disciplines since all disciplines deal with increasing amounts of data, and there are increasing expectations of quantitative skills. This unit shows how to interpret data involving uncertainty and variability; how to model and analyse the relationships within business data; and how to make correct inferences from the data (and recognise incorrect inferences). The unit will include instruction in the use of software tools (primarily spreadsheets) to analyse and present quantitative data.
BUSS1040 Economics for Business Decision Making

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x 2hr lecture and 1x 1hr tutorial per week Prohibitions: ECON1001 OR ECON1040 Assessment: written assignment (15%), on-line quizzes (10%), mid-semester exam (20%), and final exam (55%) Mode of delivery: Normal (lecture/lab/tutorial) day
Economics underlies all business decisions, from pricing to product development, to negotiations, to understanding the general economic environment. This unit provides an introduction to economic analysis with a particular focus on concepts and applications relevant to business. This unit addresses how individual consumers and firms make decisions and how they interact in markets. It also introduces a framework for understanding and analysing the broader economic and public policy environment in which a business competes. This unit provides a rigorous platform for further study and a major in economics as well as providing valuable tools of analysis that complement a student's general business training, regardless of their area of specialisation.
DATA1001 Foundations of Data Science

Credit points: 6 Teacher/Coordinator: Dr Di Warren Session: Semester 1,Semester 2 Classes: lecture 3 hrs/week; computer tutorial 2 hr/week Prohibitions: MATH1005 or MATH1905 or MATH1015 or MATH1115 or ENVX1001 or ENVX1002 or ECMT1010 or BUSS1020 or STAT1021 Assessment: assignments, quizzes, presentation, exam Mode of delivery: Normal (lecture/lab/tutorial) day
DATA1001 is a foundational unit in the Data Science major. The unit focuses on developing critical and statistical thinking skills for all students. Does mobile phone usage increase the incidence of brain tumours? What is the public's attitude to shark baiting following a fatal attack? Statistics is the science of decision making, essential in every industry and undergirds all research which relies on data. Students will use problems and data from the physical, health, life and social sciences to develop adaptive problem solving skills in a team setting. Taught interactively with embedded technology, DATA1001 develops critical thinking and skills to problem-solve with data. It is the prerequisite for DATA2002.
Textbooks
Statistics, Fourth Edition, Freedman Pisani Purves
ECMT1010 Introduction to Economic Statistics

Credit points: 6 Session: Semester 1,Semester 2 Classes: 1x2hr lecture/week, 1x2hr workshop/week Prohibitions: ECMT1011 or ECMT1012 or ECMT1013 or MATH1015 or MATH1005 or MATH1905 or STAT1021 or ECOF1010 or BUSS1020 or ENVX1001 Assessment: homework (15%), quizzes (30%), assignment (15%) and 1x2hr Final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit emphasises understanding the use of computing technology for data description and statistical inference. Both classical and modern statistical techniques such as bootstrapping will be introduced. Students will develop an appreciation for both the usefulness and limitations of modern and classical theories in statistical inference. Computer software (e.g., Excel, StatKey) will be used for analysing real datasets.
ECON1001 Introductory Microeconomics

Credit points: 6 Session: Semester 1,Semester 2,Summer Main Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prohibitions: BUSS1040 Assessment: online quizzes (10%), 1xMid-semester test (30%), 1xEssay (10%) and 1x2hr Final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Introductory Microeconomics addresses the economic decisions of individual firms and households and how these interact in markets. It is a compulsory core unit for the Bachelor of Economics and an alternative core unit for the Bachelor of Economic and Social Science. Economic issues are pervasive in contemporary Australian society. Introductory Microeconomics introduces students to the language and analytical framework adopted in Economics for the examination of social phenomena and public policy issues. Whatever one's career intentions, coming to grips with economic ideas is essential for understanding society, business and government. Students are given a comprehensive introduction to these ideas and are prepared for the advanced study of microeconomics in subsequent years. It is assumed that students undertaking this unit will have a prior knowledge of mathematics.
ECON1002 Introductory Macroeconomics

Credit points: 6 Session: Intensive June,Semester 1,Semester 2,Summer Main Classes: 1x2hr lecture/week, 1x1hr tutorial/week Assessment: 1500wd written assessments (25%), 1x1hr mid-semester exam (25%), 1x2hr final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Department permission required for enrolment
Introductory Macroeconomics addresses the analysis of the level of employment and economic activity in the economy as a whole. It is a compulsory core unit for the Bachelor of Economics and an alternative core unit for the Bachelor of Economic and Social Sciences. Introductory Macroeconomics examines the main factors that determine the overall levels of production and employment in the economy, including the influence of government policy and international trade. This analysis enables an exploration of money, interest rates and financial markets, and a deeper examination of inflation, unemployment and economic policy. It is assumed that students undertaking this unit will have a prior knowledge of mathematics.
ENVX1002 Introduction to Statistical Methods

Credit points: 6 Teacher/Coordinator: A/Prof Thomas Bishop Session: Semester 1 Classes: Two 1-hour lectures per week, one 1-hour tutorial per week, one 2-hour computer practical per week Prohibitions: ENVX1001 Assessment: One exam during the exam period (50%), three reports (10% each), ten online quizzes (2% each) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Available as a degree core unit only in the Agriculture, Animal and Veterinary Bioscience, and Food and Agribusiness streams
This is an introductory statistics unit for students in the agricultural, life and environmental sciences. It provides the foundation for statistics and data science skills that are needed for a career in science and for further study in applied statistics and data science. In the first portion of the unit the emphasis is on describing data using statistical and graphical summaries, and probability models. In the second part the focus is on formal hypothesis testing on experimental data using statistical tests. The final part of the unit is on finding patterns in biological and environmental data, through the use of linear and non-linear functions. In the practicals the emphasis is on applying theory to analysing real datasets using the spreadsheet package Excel and the statistical software package R. A key feature of the unit is using R to develop coding skills that are become essential in science for processing and analysing datasets of ever increasing size.
Textbooks
No textbooks are recommended but useful reference books are:
MATH1005 Statistical Thinking with Data

Credit points: 3 Session: Semester 2,Summer Main,Winter Main Classes: Lectures 2 hrs/week; Practical 1 hr/week Prohibitions: MATH1015 or MATH1905 or STAT1021 or STAT1022 or ECMT1010 or ENVX1001 or ENVX1002 or BUSS1020 Assumed knowledge: HSC Mathematics. Students who have not completed HSC Mathematics (or equivalent) are strongly advised to take the Mathematics Bridging Course (offered in February). Assessment: One 1.5 hour examination, assignments and quizzes (100%) Mode of delivery: Normal (lecture/lab/tutorial) day
In a data-rich world, global citizens need to problem solve with data, and evidence based decision-making is essential is every field of research and work.
This unit equips you with the foundational statistical thinking to become a critical consumer of data. You will learn to think analytically about data and to evaluate the validity and accuracy of any conclusions drawn. Focusing on statistical literacy, the unit covers foundational statistical concepts, including the design of experiments, exploratory data analysis, sampling and tests of significance.
Textbooks
Freedman, Pisani and Purves, Statistics, Norton, 2007
MATH1015 Biostatistics

Credit points: 3 Session: Semester 1 Classes: Two 1 hour lectures and one 1 hour tutorial per week. Prohibitions: MATH1005 or MATH1905 or STAT1021 or STAT1022 or ECMT1010 or BIOM1003 or ENVX1001 or ENVX1002 or BUSS1020 Assumed knowledge: HSC Mathematics. Students who have not completed HSC Mathematics (or equivalent) are strongly advised to take the Mathematics Bridging Course (offered in February). Assessment: One 1.5 hour examination, assignments and quizzes (100%) Mode of delivery: Normal (lecture/lab/tutorial) day
MATH1015 is designed to provide a thorough preparation in statistics for students in the Biological and Medical Sciences. It offers a comprehensive introduction to data analysis, probability and sampling, inference including t-tests, confidence intervals and chi-squared goodness of fit tests.
Textbooks
As set out in the Junior Mathematics Handbook
MATH1115 Interrogating Data

Credit points: 3 Session: Semester 1,Semester 2,Winter Main Classes: 2-hr lab; and 1x1-hr lecture per week Prerequisites: MATH1005 or MATH1015 Prohibitions: DATA1001 or STAT1021 or ECMT1010 or ENVX1001 or BUSS1020 or ENVX1002 or MATH1905 Assessment: projects/presentations, final exam Mode of delivery: Normal (lecture/lab/tutorial) day
In a data-rich world, global citizens need to problem solve with data, and evidence based decision-making is essential is every field of research and work. This unit equips you with foundational statistical thinking to interrogate data. Focusing on statistical literacy, the unit covers foundational statistical concepts such as visualising data, the linear regression model, and testing significance using the t and chi-square tests. Based on a flipped learning approach, you will experience most of your learning in weekly collaborative 2 hour labs, supplemented by 1 hour lectures. Working in teams, you will explore three real data stories across different domains, with associated literature. The combination of MATH1005/1015 and MATH1115 is equivalent to DATA1001, allowing you to pathway to the Data Science, Statistics, or Quantitative Life Sciences majors.
Textbooks
Freedman, Pisani and Purves, Statistics, 2007
MATH1905 Statistical Thinking with Data (Advanced)

Credit points: 3 Session: Semester 2 Classes: Two 1 hour lectures and one 1 hour tutorial per week. Prohibitions: MATH1005 or MATH1015 or STAT1021 or STAT1022 or ECMT1010 or ENVX1001 or ENVX1002 or BUSS1020 Assumed knowledge: (HSC Mathematics Extension 2) OR (90 or above in HSC Mathematics Extension 1) or equivalent Assessment: One 1.5 hour examination, assignments and quizzes (100%) Mode of delivery: Normal (lecture/lab/tutorial) day
Note: Department permission required for enrolment
This unit is designed to provide a thorough preparation for further study in mathematics and statistics. It is a core unit of study providing three of the twelve credit points required by the Faculty of Science as well as a Junior level requirement in the Faculty of Engineering. This Advanced level unit of study parallels the normal unit MATH1005 but goes more deeply into the subject matter and requires more mathematical sophistication.
Textbooks
As set out in the Junior Mathematics Handbook

2000-level units of study

BANK2011 Banking and the Financial System

Credit points: 6 Session: Semester 1,Semester 2 Classes: 2 hour lecture, one hour tutorial, weekly Prerequisites: (BUSS1020 or ECMT1010 or ENVX1001 or ENVX1002 or DATA1001 or ((MATH1005 or MATH1015) and MATH1115) or 6 credit points in MATH units including MATH1905) and (BUSS1040 or ECON1001 or ECON1002) Prohibitions: ECOS2004 Assumed knowledge: FINC2011 Assessment: tutorial exercises (5%); midterm exam (20%); assignment (25%); final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit covers money, commercial banking and central banking and the interactions with the other aspects of the financial system including the financial instruments that facilitate a transfer of resources from savers to investors and the financial markets that allow financial instruments to be traded efficiently. There is a concentration on understanding the financial institutions within the financial system that provide a wide-range of financial services including access to financial markets and the process of financial intermediation. Students are exposed to monetary policy implementation by central banks and the resultant economic impacts both nationally and internationally. Current regulatory settings and government regulatory agencies responsible for these and policy debates are also emphasised.
ECOS2004 Money and Banking

Credit points: 6 Session: Semester 1 Classes: 1x2hr lecture/week, 1x1hr tutorial/week Prerequisites: (ECON1001 and ECON1002) or (ECON1040 and ECON1002) or BUSS1040 Assessment: 3x500wd assignment (20%), 1x1000wd essay (20%), 1x1hr mid-semester test (20%), 1x2hr final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
Students will learn how a modern financial system operates and the relationships between the financial system and the economy, with a particular emphasis on understanding business cycles. We will study how money/capital changes hands between agents over time, both directly and through institutions. We will study how these exchanges affect the economy, and how central banks and other policy institutions monitor, influence and regulate these exchanges. There will be an equal emphasis on understanding the modern financial system and on analysing monetary policy and financial regulation.
FINC2011 Corporate Finance I

Credit points: 6 Session: Intensive January,Intensive July,Semester 1,Semester 2 Classes: 1 x 2hr lecture and 1 x 1hr tutorial per week Prerequisites: (BUSS1020 or ECMT1010 or ENVX1001 or ENVX1002 or DATA1001 or ((MATH1005 or MATH1015) and MATH1115) or 6 credit points in MATH units including MATH1905) and (BUSS1040 or ECON1001 or ECON1002) Assumed knowledge: BUSS1030 Assessment: Mid-semester exam (20%), major assignment (30%) and final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day, Block mode
This unit provides an introduction to basic concepts in corporate finance and their application to (1) valuation of risky assets including stocks, bonds and entire corporations, (2) pricing of equity securities, and (3) corporate financial policy decisions including dividend, capital structure and risk management policies. Emphasis is placed on the application of the material studied and current practices in each of the topic areas.

3000-level units of study

BANK3011 Bank Financial Management

Credit points: 6 Session: Semester 1,Semester 2 Classes: a two-hour lecture and a one-hour tutorial each week during semester. Prerequisites: BANK2011 or ECOS2004 or FINC2011 Prohibitions: FINC3018 Assessment: mid-semester exam (25%); individual assignment (30%); final exam (45%) Mode of delivery: Normal (lecture/lab/tutorial) day
The objective of the unit is to expose students to the management of financial risks in banks. The unit examines how financial markets impact on the management of commercial banks and the risks they are exposed to, together with the techniques and approaches used in the measurement and management of these risks. Topics covered include the theory and practice of banking from a financial management perspective, interest rate and foreign exchange market risks, credit risk, liquidity risk, financial management, interest rate and credit derivatives, investment and loan management strategies and portfolio modelling, liability and deposit management, performance analysis, and industry developments.
BANK3012 Bank Supervision

Credit points: 6 Session: Semester 2 Classes: 1x 2hr lecture and 1x 1hr tutorial per week Prerequisites: BANK2011 or ECOS2004 or FINC2011 Assumed knowledge: BANK3011 Assessment: mid-semester exam (30%); tutorial exercises (10%); group project (20%); final exam (40%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit provides undergraduate students with knowledge and a greater understanding of the central issues and principles underpinning recent developments in the global regulation and supervision of banking/financial institutions. The concept of financial stability as the goal of public policy and the rationale for prudential regulation and supervision of banks is discussed first. Students are then exposed to a range of concepts and issues pertaining to the measurement, management and prudential regulation of key risks in banking (i.e. market risk, credit risk, operational risk, liquidity risk). Other elements in the unit entail discussion and examination of issues relating to the concept of capital adequacy and risk-based capital ratios with particular reference to Basel Capital Accords; the Basel Core Principles for Effective Banking Supervision; different national approaches to regulation and supervision of banks; government financial safety nets (ie.'Lender of Last Resort' and depositor protection schemes); post-crisis structural banking reform proposals.
BANK3013 International Banking Management

Credit points: 6 Session: Semester 1 Classes: 3 hours lectures will be composed of 2 hours lecture, one hour workshop for some weeks and for others 3 hours of lectures Prerequisites: BANK2011 or ECOS2004 or FINC2011 Assessment: mid-term exam (35%); final exam (35%); research project (30%) Mode of delivery: Normal (lecture/lab/tutorial) day
This unit covers various theoretical and applied issues for the international financial markets in which international banks operate in. Topics covered include theories of international banking; internationalisation of banking - US, Japan and Chinese experience; competitiveness strategies; international banking and debt crises; Euro currency markets; financial secrecy and money laundering; and the role of foreign banks in emerging markets.
BANK3014 Private and Investment Banking

Credit points: 6 Session: Semester 1 Classes: a two-hour lecture and a one-hour tutorial each week during semester Prerequisites: BANK2011 or ECOS2004 or FINC2011 Assumed knowledge: BANK3011 Assessment: mid-semester exam (25%); group assignment (30%); final exam (45%) Mode of delivery: Normal (lecture/lab/tutorial) day
The central objective of this unit is to provide students with an understanding of the activities of private and investment banks, the regulation of these industries and the developments and challenges facing them. The unit examines private banking from the perspective of clients, services and the business model employed. Investment banking activities examined include investment banking financing activities, advisory services, trading and asset management. Topics covered include: the theory and practice of private and investment banking and their roles within the financial systems of modern economies, M and A advisory, corporate restructuring, syndicated lending, underwriting, securitization, private banking, trading in debt, foreign exchange and equity markets, asset management and the implications of regulatory and other industry developments.
CLAW3210 Banking and Financial Law

Credit points: 6 Session: Semester 1 Classes: 1 x 3hr seminar per week Prerequisites: completion of at least 48 credit points Prohibitions: CLAW2204 Assessment: mid-semester exam (25%), case study / research (25%), final exam (50%) Mode of delivery: Normal (lecture/lab/tutorial) day
Banks and financial institutions are central to the stability, efficiency and wealth of modern economies and businesses. This unit focuses on the impact of national and international financial regulation on banking contracts, bank secrecy, money laundering and fraud. Students become familiar with legal risks in commercial and investment banking, by examining the complex relationships and legal duties of the various parties engaged in modern finance. Topics covered include electronic banking, international trade finance and securitisation. The unit assists students to understand how the law is applied in practice through the use of case studies. Special emphasis is placed on how banking disputes may be resolved.