Finance (Master of Commerce)
The Finance specialisation ensures that graduates are well armed with an understanding of the foundations of strategy, which come from the 'Game Theory'. The focus is towards an understanding of the complexities of modern risk management as well as the fundamentals and technical tools for all aspects of finance in a global setting. The core units cover broking and market making, advanced asset pricing, portfolio theory and applications, derivatives securities, international business finance, fixed interest securities and financial statement analysis, as well as the applications of high level financial theory to understanding mergers and acquisitions and the international market.
Requirements for the specialisation
The following information is for students who commenced study or transferred into the Master of Commerce from 2012 or students who commenced study in 2011 and wish to follow the current requirements for a specialisation. All other students should refer to the information set out below under Information for pre-2012 continuing students.
To be awarded a specialisation in Finance, students complete five units of study (30 credit points), comprising:
(i) one foundational unit of study (six credit points), as follows:
(ii) one compulsory unit of study (six credit points), as follows:
(iii) three elective units of study (18 credit points) selected from the following units of study:
- CLAW6031 International Financial Crime
- FINC6000 Quantitative Finance
- FINC6003 Broking and Market Making
- FINC6005 Advanced Asset Pricing
- FINC6007 Financial Strategy
- FINC6009 Portfolio Theory and its Applications
- FINC6010 Derivative Securities
- FINC6013 International Business Finance
- FINC6014 Fixed Income Securities
- FINC6015 Global Trading
- FINC6016 Financial Instruments and Markets
- FINC6017 Mergers and Acquisitions
- FINC6019 Financial Modelling
- FINC6021 Corporate Valuation
- FINC6022 Behavioural Finance
- FINC6023 Financial Risk Management
- FINC6024 Real Estate Finance and Investment (new unit for 2015)
* Not offered for 2015.
Note: Non-foundational (advanced) units of study can be used to count to one specialisation only. For example, FINC6001 cannot be used to count towards both a Finance and Banking specialisation.
Information for pre-2012 continuing students
Students who commenced study in the Master of Commerce in 2011 may choose to complete their specialisation according to the information set out above or can choose to complete according to the information set out in the following downloadable PDF which lists the 2011 structure. Students should also refer to the handbook of the year they commenced study for exact details of their specialisation requirements.
Requirements for the Finance specialisation for students who commenced study in the Master of Commerce in 2011
Students who commenced their degree before 2011 (in FH014 Master of Commerce), should follow the requirements for the Major in Finance as set out in the handbook of the year they commenced study.
Availability of this specialisation
This version of this specialisation is available under the following degrees:
- Master of Commerce (12 unit program)
- Master of Commerce (16 unit program)
- Master of Commerce and Master of Logistics Management
- Master of International Business and Master of Commerce
Students enrolled in the Graduate Diploma in Commerce or the Graduate Certificate in Commerce may choose units from this specialisation subject area as electives in their course.