CORPFIN 7045 - Wealth Management in China (M)
North Terrace Campus - Summer - 2015
General Course Information
Course Code CORPFIN 7045 Course Wealth Management in China (M) Coordinating Unit Business School Term Summer Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Prerequisites CORPFIN 7005 Course Description This course gives the students both theoretical and practical understanding of wealth management. Emphasis is placed upon the fundamental wealth management skills, such as investment math and basic economics, as well as advanced behavioural finance topics, where we address how psychology affects the financial decision-making of investors and portfolio managers. Practical discussion is focused upon the China case. The ultimate goal is to allow students to wisely and effectively make financial decisions.
Course Coordinator: Dr Kai DuName: Dr. Jeffrey Yu
Location: Level 12, Nexus 10 Building
The full timetable of all activities for this course can be accessed from Course Planner.
Course Learning Outcomes
This course gives the students both theoretical and practical understanding of wealth management. Emphasis is placed upon the fundamental wealth management skills, such as investment math and basic economics, as well as advanced behavioral finance topics, where we address how psychology affects the financial deciosn-making of investors and portfolio managers. Pratical discussion is focused upon the China case. The ultimate goal is to allow students to wisely and effectively make financial decisions. Visit: www.myuni.adelaide.edu.au
University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s)
Required ResourcesRequired textbooks:
Ackert, L., & R. Deaves. (2010). Behavioral Finance: Psychology, Decision-Making, and Markets, Cengage Learning.
Students’ presentation is based on:
Fan, J. & R. Morck. Capitalizing China, The University of Chicago Press, 2012.
Recommended ResourcesRecommended reading:
Pompian, M. (2012). Behavioral Finance and Wealth Management: How to Build Optimal Portfolio that Account for Investor Biases, 2nd ed., John Wiley & Sons.
Kahneman, D. (2013). Thinking, Fast and Slow, Farrar, Straus and Giroux.
Online LearningThe lecture slides and pdf version of handout are available on MyUni.
Learning & Teaching Activities
Learning & Teaching ModesThis course is delivered in three hour lectures and the tutorial contents will be covered in the third hour of each lecture.
The teaching is based on case studies by investigating a range of economic problems in China during the past three decades. The course content used to provide insight and identify options and solutions for the economic problems.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.The University expects full-time students (i.e. those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means that you are expected to commit approximately 9 hours for a three-unit course of private study outside of your regular classes.
Students in this course are expected to attend all lectures/seminars, to finish all assignments in time, and to take tests and exams as required.
Learning Activities SummaryThe following topics will be selected and covered in this course:
- Financial System in China (Overview of Financial Market)
- Financial Policies and Regulatory Bodies
- Exchange Rate Regime
- Foreign Exchange Control
- Interest Rate and Bond Market
- Commercial Banking (Risk Control)
- Commercial Banking (Asset and Liability business)
- Commercial Banking (Intermediary Business)
- Securities Market
- Insurance Market
Specific Course Requirements(1) Students are requested to check your student email and MyUni. frequently for the course-related announcements.
(2) Students have to communicate with the lecturer or other teaching staff by using their university provided email account. The teaching staff might not answer emails from your private email account.
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment SummaryThe entire assessments include two asignments (15% each) and the final exam (a weight of 70%).
Assessment Related RequirementsTo gain a pass for this course, a mark of at least 50% must be obtained on the examination as well as a total of at least 50% overall. Students not achieving the minimum exam mark will be awarded no more than 49.
Legible hand-writing and the quality of English expression are considered to be integral parts of the assessment process. Marks are deducted in the assignment or final examination because of poor hand-writing.
Assessment DetailAssignments 30%
The assignments will be either individual or group work as described in MyUni.
9/01/2015 for first assignment
16/01/2015 for second assignment
Final Exam 70%
The final examination is of three hours duration and it is held during the examination period. (Calculators are allowed for this closed-book exam but no dictionaries are allowed.)
Annoucement relating to the time and venue of the final examination will be posted on Access Adelaide in due course.
SubmissionPresentation of Assignments
(1) Please retain a copy of all assignments submitted.
(2) Please attach an ‘Assignment Cover Sheet’, which needs to be signed and dated by all authors before submission.
(3) All group assignments must be attached with a ‘Group Assignment Cover Sheet’, which is signed by all group members before submission. All team members need to contribute to the group assignment equally in order to get their mark.
The lecturer might refuse to accept assignments, which have not a signed cover sheet, or withhold students’ results until such time as the student has signed the cover sheet.
Late Assignment Submission
Students are required to submit their works before the due date and all requests for extension must be emailed to the lecturer before the due date. Each request is assessed on its merits. Extensions will only be given for medical or other very serious reasons. A late assignment (without prior arrangement) will be penalised by a 10% mark reduction for each day that it is late.
Return of Assignments
The assignment will be marked and returned to students within two weeks of the due date with written feedback. Students are responsible for collecting their marked assignments from either their tutorials or lectures. If assignments aren’t collected after two weeks, they will be posted out to the students, if the mailing addresses are provided.
Assignment Guidelines including Referencing Details
The Postgraduate Programs: Communication Skills Guide is strongly suggested to be downloaded and gone through before the first lecture, which could assist you to structure your assignment and get a better mark.
Under most circumstances, the aim of the assessment is not purely to ask you writing down your idea. They should be a kind of academic writing,such as the discussion report, literature review, or executive summary. Please carefully go through the requirements first. In preparing any written piece of assessment, it is important to draw on the relevant ‘literature’ to support the critical analysis. Also essential is to reference the literature used. The Guideline of the Harvard Reference, which is widely used in the Business Schools, can be found in The Postgraduate Programs: Communication Skills Guide, too. Correct referencing is important since it identifies the source of the ideas and arguments that you present, and sometimes the source of the actual words you use, and helps to avoid the problem of plagiarism.
Further assistance with referencing is available from the Faculty’s Learning Support Advisors. The contact details are provided on page 6 of the Communication Skills Guide.
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending
Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.Students with a final mark between 45% and 49% will be eligible to view or re-mark their final exam papers at an appropriate time, which is arranged by the course coordinator. In the case of student’s view of the exam paper, only the primary exam paper can be viewed. No views or remarking will be arranged for the supp exam paper. If the exam paper is allowed to be re-marked, the entire exam paper will be re-marked.
Students with a final mark outside the range from 45% to 49% are NOT eligible to view or re-mark the exam paper. The exam papers might be viewed based on other reasons, but normally the papers are not remarked.
Final results for this course will be made available through Access Adelaide.
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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