• Offered by Crawford School of Public Policy
  • ANU College ANU College of Asia and the Pacific
  • Classification Advanced
    Specialist
  • Course subject International and Developmental Economics
  • Areas of interest Economics
  • Academic career Postgraduate
  • Mode of delivery In Person
  • Offered in Second Semester 2018
    See Future Offerings

The aim of this course is twofold. The first aim of this course introduces the modern finance theory. Topics covered include the optimal asset allocation, capital asset pricing model, arbitrage pricing theory, efficient market hypothesis, and option pricing. The second aim of this course studies econometric implications of the finance theory for asset returns and reviews a variety of empirical applications.
The theoretical part of the course mostly focuses on the derivation and interpretation of the asset pricing models. The derivation can be very mathematical and the course puts more emphasis on the interpretation, so that students can obtain basic skills to use those asset pricing models in practice.
The empirical part of the course introduces the application of finance theory to the real data, and econometric methodology to test the finance theory. In addition, students will be required to conduct several computer exercises for some of the empirical applications using the real data and econometric softwares such as Excel and Eviews.

Learning Outcomes

1.    a knowledge of basic concept in finance

2.    an understanding of modern finance theory

3.    technique required to apply asset pricing models to real data

4.    skills to interpret the results of empirical analysis 

Indicative Assessment

Assignments (20%, 4-6 times)

Mid-term examination (30%, 2 hours)

Final examination (50%, 2 hours)

The ANU uses Turnitin to enhance student citation and referencing techniques, and to assess assignment submissions as a component of the University's approach to managing Academic Integrity. While the use of Turnitin is not mandatory, the ANU highly recommends Turnitin is used by both teaching staff and students. For additional information regarding Turnitin please visit the ANU Online website.

Workload

The course consists of 12 weeks of lectures (3 hours per week) including almost weekly computer lab sessions.

Prescribed Texts

Bodie, Z., Kane, A. and Marcus, A.J. (2013), Investments (10th ed.), McGraw Hill.

Fees

Tuition fees are for the academic year indicated at the top of the page.  

If you are a domestic graduate coursework or international student you will be required to pay tuition fees. Tuition fees are indexed annually. Further information for domestic and international students about tuition and other fees can be found at Fees.

Student Contribution Band:
Band 3
Unit value:
6 units

If you are an undergraduate student and have been offered a Commonwealth supported place, your fees are set by the Australian Government for each course. At ANU 1 EFTSL is 48 units (normally 8 x 6-unit courses). You can find your student contribution amount for each course at Fees.  Where there is a unit range displayed for this course, not all unit options below may be available.

Units EFTSL
6.00 0.12500
Note: Please note that fee information is for current year only.

Offerings and Dates

The list of offerings for future years is indicative only

Second Semester

Class number Class start date Last day to enrol Census date Class end date Mode Of Delivery
8558 23 Jul 2018 30 Jul 2018 31 Aug 2018 26 Oct 2018 In Person

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