Unit of Study Outline
Unit code FINC 3019
Unit title Fixed Income Securities
Semester 1, 2012
Pre-requisite units: (FINC2012 or FINC2002) or (FINC2013 or FINC2003) or (FINC2014 or FINC2004) Co-requisite units: N/A
Assumed Knowledge and/or skills: The unit builds on the material on asset pricing, capital structure and financial valuation studied in the first year finance unit. Knowledge of derivatives is desirable but not essential.
Unit coordinator: Dr Juan Yao
Room: Merewether 458
Email address: firstname.lastname@example.org
Consultation Hours: Thursday 15:00-16:00
Class day(s): Thursday, time: 13:00-15:00 and venue: Peter Nicol Russell Lecture Theatre
Required Text / Resources: Fabozzi F.J. (2007) Bond Markets, Analysis and Strategies (7th Edition), Pearson Education.
This Guide to Unit Learning Content and Assessment MUST be read in conjunction with the Guide to Business School Student Administration Manual (sydney.edu.au/business/currentstudents/student_information/student_administration_manual) and University Policies on Academic Honesty, Special Consideration, and all applicable policies that apply to every unit of study offered by the Business School (http://sydney.edu.au/business/currentstudents/policy) . In determining applications and appeals relating to these matters it will be assumed that every student has taken the time to familiarise themselves with these key policies and procedures.
1. Unit of study information (School handbook description)
2. Learning aims
The unit aims to provide students with:
* An ability to identify fixed income markets and their role in the economy. * An understanding of fixed income financial instruments and their purposes. * An appreciation of the dynamics of interest rates and their term structure. * An ability to apply theory to the management of the risk inherent in fixed income securities, derivatives and portfolios. * An understanding of principles of bond portfolio management. * An appreciation of recent developments and innovation in the fixed income area.
3. Learning outcomes and links to Program Learning Outcomes
Upon completion of this unit, you should be able to:
Intended Learning Outcome
| Relevant program learning outcome/s
| Links to Learning and Teaching methods
| Students in this unit are expected to develop and demonstrate the following learning outcomes. Students are expected to:
| The Unit of Study Learning Outcomes relate to the following BCom / Masters'. Program Learning Outcomes (PLOs)
| The main learning activities through which students will practice and develop their knowledge, skills and attributes
1. Have an ability to identify fixed income markets and their role in the economy.
| Able to demonstrate an understanding of the key challenges in managing business in a range of business and cultural contexts.
| * Weekly readings
2. Develop an understanding of fixed income financial instruments and their purposes.
| Able to solve business problems by identifying and critically evaluating implications of business decisions from a range of disciplinary business perspectives.
| * Weekly readings and practice questions Attend and participate in classes
3. Be able to apply theory to the management of the risk inherent in fixed income securities, derivatives and portfolios.
| Able to analyse and diagnose business problems and design a range of business improvements that can result in significant business process improvement and/or the exploitation of advanced information and communications technologies.
| • Complete Weekly assigned questionsAnd self-study questions • Mid-Semester Quiz and Final Exam revisions
| 4. Develop an appreciation of recent developments and innovation in the fixed income...
Links: o Frank J. Fabozzi, 2005, Fixed-income Mathematics: Analytical and Statistical
Techniques (4th edition), McGraw-Hill Companies, Inc.
o Frank J. Fabozzi, 2001, The Handbook of Fixed-income Securities (6th edition),
McGraw-Hill Companies, Inc.
o Leland E. Crabbe and Frank J. Fabozzi, 2001, Managing a Corporate Bond
Portfolio, edited by Leland E
Tuckman, Bruce, 2002, Fixed Income Securities (2nd edition), Wiley Finance.
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