UWA Handbook 2014

Finance major

FURTHER INFORMATION

Rhonen Maher

Business and finance influence every decision we make as consumers, so a sound understanding of these areas helps us in making informed decisions which will serve us best.

About this major

The Finance major builds on the foundations of finance from the perspective of a functioning organisation including corporate finance issues such as the appropriate mix of equity and debt to finance projects, identifying the optimal dividend policy, and the resourceful selection of business projects. You can also learn aspects of investment finance including risk and return trade-offs, workings of the capital markets, investment products and investment portfolios, and appropriate risk management techniques. The Finance major can be combined with a major in Economics if you are interested in pursuing a career as a financial economist.

Degree-specific major

Finance can be taken as a degree-specific major in the following degree courses:

BP002 Bachelor of Commerce
BH005 Bachelor of Philosophy (Honours)

Overview of unit sequence

Finance is a degree-specific single major comprising:

  • two Level 1 units
  • three Level 2 units
  • three Level 3 units
  • four Level 1 complementary units
Key to availability of units:
S1 = Semester 1; S2 = Semester 2; S3 = summer teaching period; N/A = not available in 2014;
NS = non-standard teaching period; OS = offshore teaching period; * = to be advised

Note: Units that are indicated as N/A may be available in 2015 or 2016.

Level 1

Take the following core units:
AvailabilityUnit codeUnit name Unit rules
S1, S2ACCT1101Financial AccountingNone
S1, S2FINA1221Introduction to FinanceIncompatibility: FINA2221 Introduction to Finance
Take the following complementary units:
AvailabilityUnit codeUnit name Unit rules
S1, S2ECON1101Microeconomics: Prices and MarketsNone
S1, S2MGMT1135Organisational BehaviourIncompatibility: MGMT2235 Organisational Behaviour
S1, S2MKTG1203Marketing ManagementIncompatibility: MKTG2203 Marketing Management
S1, S2STAT1520Economic and Business StatisticsPrerequisites: WACE Mathematics 3A/3B or WACE Mathematics 3C/3D or WACE Mathematics: Specialist 3A/3B or WACE Mathematics: Specialist 3C/3D or TEE Applicable Mathematics or TEE Calculus or ECON1111 Quantitative Methods for Business and Economics
Incompatibility: STAT1400 Statistics for Science, STAT1510 Statistics A, STAT1530 Statistics B, STAT2210 Biometrics 1, MATH1020 Calculus, Statistics and Probability

Level 2

Take the following core unit:
AvailabilityUnit codeUnit name Unit rules
S1, S2FINA2222Corporate Financial PolicyPrerequisites: FINA1221 Introduction to Finance or FINA2221 Introduction to Finance
Take two options:
AvailabilityUnit codeUnit name Unit rules
S1FINA2204Derivative Products and MarketsPrerequisites: (STAT1520 Economic and Business Statistics or equivalent) and FINA1221/2221 Introduction to Finance
S1FINA2205Quantitative Methods for FinancePrerequisites: STAT1520 Economic and Business Statistics (or equivalent) and FINA1221 Introduction to Finance (or equivalent); for pre-2012 courses: STAT1520 Economic and Business Statistics (or equivalent) and six points of calculus
S1FINA2207Business Analysis and ValuationPrerequisites: FINA1221 Introduction to Finance or FINA2221 Introduction to Finance
Incompatibility: ACCT3302 Financial Statement Analysis
S2FINA2209Financial PlanningPrerequisites: FINA1221 Introduction to Finance or FINA2221 Introduction to Finance

Level 3

Take the following core unit:
AvailabilityUnit codeUnit name Unit rules
S1FINA3324Investment AnalysisPrerequisites: any Level 2 Finance unit; for pre-2012 courses: FINA2221 Introduction to Finance
Take two options:
AvailabilityUnit codeUnit name Unit rules
S1ECON3236International FinancePrerequisites: ECON2234 Macroeconomics: Policy and Applications or any Level 2 Finance unit; for pre-2012 courses: none
Incompatibility: ECON2236 International Finance
S2FINA3304Banking: Theory and PracticePrerequisites: FINA2222 Corporate Financial Policy (or equivalent); for pre-2012 courses: ACCT1101 Financial Accounting (or equivalent)
S2FINA3306Derivative Strategies and PricingPrerequisites: FINA2204 Derivative Products and Markets and FINA2205 Quantitative Methods for Finance
S2FINA3307Trading in Securities MarketsPrerequisites: FINA3324 Investment Analysis
S2FINA3326Applied Financial ManagementPrerequisites: FINA2222 Corporate Financial Policy

Choosing your degree-specific major

You must satisfy the requirements of a degree-specific major before you complete your course. The flexible structure of an undergraduate course allows you to try out a number of different subjects to see what interests you before nominating your degree-specific major. You have the choice to either nominate your degree-specific major when you first enrol in the course or delay nominating it until your second year.

To plan the first year of your study without nominating a degree-specific major, you are advised to choose units that will pave the way to two or more degree-specific majors that are of interest to you. For examples of the choice of units available in first year, search the first-year study plans.

To fully understand the structure of an undergraduate course, read the course structure information and the Undergraduate Degree Course Rules.

The following example illustrates how the Finance degree-specific major can be included in the Bachelor of Commerce course.

Example: Course Study Plan: CSP002-FINCE (opens in a new window)

There are more choices open to you. For more examples, search the study plans.

Choosing a second major

You also have the option to choose a second major from those available in the Bachelor of Arts, Bachelor of Commerce, Bachelor of Design or Bachelor of Science course, giving you the opportunity to pursue your interests no matter how different they are.

The following example illustrates how the Finance degree-specific major can be combined with a second major in the Bachelor of Commerce course.

Example: Course Study Plan: CSP002-FINCE-Generic (opens in a new window)

For more examples of combinations of majors, search the study plans.

Finance can also be taken as a second major.

Second major

Finance can be taken as a second major in the following degree courses:

BP001 Bachelor of Arts
BP002 Bachelor of Commerce
BP003 Bachelor of Design
BP004 Bachelor of Science
BH005 Bachelor of Philosophy (Honours)

Overview of unit sequence

The Finance second major is a single major comprising:

  • two Level 1 units
  • three Level 2 units
  • three Level 3 units
Key to availability of units:
S1 = Semester 1; S2 = Semester 2; S3 = summer teaching period; N/A = not available in 2014;
NS = non-standard teaching period; OS = offshore teaching period; * = to be advised

Note: Units that are indicated as N/A may be available in 2015 or 2016.

Level 1

Take the following core units:
AvailabilityUnit codeUnit name Unit rules
S1, S2ACCT1101Financial AccountingNone
S1, S2FINA1221Introduction to FinanceIncompatibility: FINA2221 Introduction to Finance

Level 2

Take the following core unit:
AvailabilityUnit codeUnit name Unit rules
S1, S2FINA2222Corporate Financial PolicyPrerequisites: FINA1221 Introduction to Finance or FINA2221 Introduction to Finance
Take two options:
AvailabilityUnit codeUnit name Unit rules
S1FINA2204Derivative Products and MarketsPrerequisites: (STAT1520 Economic and Business Statistics or equivalent) and FINA1221/2221 Introduction to Finance
S1FINA2205Quantitative Methods for FinancePrerequisites: STAT1520 Economic and Business Statistics (or equivalent) and FINA1221 Introduction to Finance (or equivalent); for pre-2012 courses: STAT1520 Economic and Business Statistics (or equivalent) and six points of calculus
S1FINA2207Business Analysis and ValuationPrerequisites: FINA1221 Introduction to Finance or FINA2221 Introduction to Finance
Incompatibility: ACCT3302 Financial Statement Analysis
S2FINA2209Financial PlanningPrerequisites: FINA1221 Introduction to Finance or FINA2221 Introduction to Finance

Level 3

Take the following core unit:
AvailabilityUnit codeUnit name Unit rules
S1FINA3324Investment AnalysisPrerequisites: any Level 2 Finance unit; for pre-2012 courses: FINA2221 Introduction to Finance
Take two options:
AvailabilityUnit codeUnit name Unit rules
S1ECON3236International FinancePrerequisites: ECON2234 Macroeconomics: Policy and Applications or any Level 2 Finance unit; for pre-2012 courses: none
Incompatibility: ECON2236 International Finance
S2FINA3304Banking: Theory and PracticePrerequisites: FINA2222 Corporate Financial Policy (or equivalent); for pre-2012 courses: ACCT1101 Financial Accounting (or equivalent)
S2FINA3306Derivative Strategies and PricingPrerequisites: FINA2204 Derivative Products and Markets and FINA2205 Quantitative Methods for Finance
S2FINA3307Trading in Securities MarketsPrerequisites: FINA3324 Investment Analysis
S2FINA3326Applied Financial ManagementPrerequisites: FINA2222 Corporate Financial Policy

Choosing a second major

The flexible structure of an undergraduate course allows you the option of including a second major. You have the choice to either nominate your second major when you first enrol in the course or delay it until your second year. For a major to be recorded on your academic record it must be nominated before the requirements of the course are completed.

To fully understand the structure of an undergraduate course, read the course structure information and the Undergraduate Degree Course Rules.

The following example illustrates how Finance can be included as a second major in an undergraduate degree course.

Example: Course Study Plan: CSPGeneric-DSMGeneric-FINCE (opens in a new window)

For more examples of combinations of majors, search the study plans.

Finance can also be taken as a degree-specific major.