CORPFIN 7045 - Wealth Management in China (M)

North Terrace Campus - Summer - 2016

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.

  • General Course Information
    Course Details
    Course Code CORPFIN 7045
    Course Wealth Management in China (M)
    Coordinating Unit Adelaide 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 ACCTING 7019, CORPFIN 7005, COMMERCE 7033, ECON 7200
    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 Staff

    Course Coordinator: Dr Kai Du

    Name: Dr Jeffrey Yu

    Location: Level 12, Nexus 10 Building

    E-mail: jeffrey.yu@adelaide.edu.au
    Course Timetable

    The full timetable of all activities for this course can be accessed from Course Planner.

  • Learning Outcomes
    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)
    Deep discipline knowledge
    • informed and infused by cutting edge research, scaffolded throughout their program of studies
    • acquired from personal interaction with research active educators, from year 1
    • accredited or validated against national or international standards (for relevant programs)
    1 through 5
    Critical thinking and problem solving
    • steeped in research methods and rigor
    • based on empirical evidence and the scientific approach to knowledge development
    • demonstrated through appropriate and relevant assessment
    1 through 5
    Teamwork and communication skills
    • developed from, with, and via the SGDE
    • honed through assessment and practice throughout the program of studies
    • encouraged and valued in all aspects of learning
    1 through 5
    Career and leadership readiness
    • technology savvy
    • professional and, where relevant, fully accredited
    • forward thinking and well informed
    • tested and validated by work based experiences
    1 through 5
    Intercultural and ethical competency
    • adept at operating in other cultures
    • comfortable with different nationalities and social contexts
    • able to determine and contribute to desirable social outcomes
    • demonstrated by study abroad or with an understanding of indigenous knowledges
    1 through 5
    Self-awareness and emotional intelligence
    • a capacity for self-reflection and a willingness to engage in self-appraisal
    • open to objective and constructive feedback from supervisors and peers
    • able to negotiate difficult social situations, defuse conflict and engage positively in purposeful debate
    1 through 5
  • Learning Resources
    Required Resources
    Required 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.
    (http://econpapers.repec.org/bookchap/nbrnberbk/morc10-1.htm)


    Recommended Resources
    Recommended 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 Learning
    The lecture slides and pdf version of handout are available on MyUni.
  • Learning & Teaching Activities
    Learning & Teaching Modes
    This 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.

    Workload

    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/tutorials, to finish all assignments in time, and to take tests and exams as required.
    Learning Activities Summary
    The 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.
  • Assessment

    The University's policy on Assessment for Coursework Programs is based on the following four principles:

    1. Assessment must encourage and reinforce learning.
    2. Assessment must enable robust and fair judgements about student performance.
    3. Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
    4. Assessment must maintain academic standards.

    Assessment Summary
    The entire assessments include an assignment (15%), a mini-project (15%) and final exam (70%).
    Assessment Related Requirements
    To 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 and final examination because of poor hand-writing.
    Assessment Detail
    Assignment 15%
    The assignment will be group works as described in MyUni.
    Due Date: 3.00PM 14/01/2016

    Mini-Project 15%
    The mini-project will be uploaded into MyUni.
    Due Date: 3.00PM 14/01/2016

    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.
    Submission
    Presentation 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.

    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. 

    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.

    The link:
    https://business.adelaide.edu.au/documents/CSG_business_Web_final.pdf

    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.
    Course Grading

    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.

  • Student Feedback

    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.

  • Student Support
  • Policies & Guidelines
  • Fraud Awareness

    Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.

The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.