Quantitative Finance (Master of Commerce)
Description
The Quantitative Finance specialisation is for students who want to apply quantitative methods of analysis within a financial context. The specialisation introduces many of the theoretical and analytical tools that are important in modern finance. Students will learn techniques for analysing financial data and also the skills needed to build and use models for financial forecasting and decision making. There is an emphasis on spreadsheet methods that can be applied in practice.
Please Note: The following requirements for the specialisation are for students commencing or transferring into the Master of Commerce in 2012. Students who commenced in 2011 should refer to the details listed below under "Information for pre-2012 continuing students".
Requirements for the specialisation (2012 commencing students)
To be awarded a specialisation in Quantitative Finance, students complete six units of study (36 credit points), comprising:
(i) two foundational units of study (12 credit points), as follows:
- FINC5001 Capital Markets and Corporate Finance
- QBUS5001 Quantitative Methods for Business (new unit for 2012)
(ii) two compulsory units of study (12 credit points), as follows:
- FINC6000 Quantitative Finance
- QBUS6830 Financial Time Series and Forecasting (new unit for 2012)
(iii) two elective units of study (12 credit points) selected from the following units of study:
- FINC6005 Advanced Asset Pricing
- FINC6009 Portfolio Theory and Its Applications
- FINC6010 Derivative Securities
- FINC6014 Fixed Income Securities
- FINC6023 Financial Risk Management (new unit for 2012)
Note: Non-foundational units of study can be used to count to one specialisation only. For example, FINC6000 cannot be used to count towards both a Finance and Quantitative Finance specialisation.
Due to the number of required foundational units, Quantitative Finance can only be taken as either a single specialisation or in combination with a second specialisation in Finance, Banking or Quantitative Business Analysis.
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.
Availability of this specialisation
This version of this specialisation is available under the following degrees:
- Master of Commerce
- 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 Master of Professional Accounting may choose units from this specialisation subject area as electives in their course.