CORPFIN 6010OL - Understanding SMSF Trustees

Online - Semester 2 - 2021

The subject aims to develop advisers' knowledge and skills in behavioural finance and how this affects the decision making process of SMSF Trustees. Students will examine the central tenets from the field of behavioural finance, particularly those findings that provide insights into psychological influences in investment decision-making. Investors? decisions are influenced by a range of factors, some of which operate beyond conscious awareness and may result in measurable, systematic biases in investment decisions. As one of three core subjects in this qualification, students will have the opportunity to develop their academic writing and research skills.

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Course Details

Course Code	CORPFIN 6010OL
Course	Understanding SMSF Trustees
Coordinating Unit	International Centre for Financial Services
Term	Semester 2
Level	Postgraduate Coursework
Location/s	Online
Units	3
Contact	Up to 3 hours per week
Available for Study Abroad and Exchange	N
Assessment	Exam/assignments as prescribed at first session

Course Staff

No information currently available.

Course Timetable

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

Course Learning Outcomes

On successful completion of this course, students will be able to:

1. Critically review relevant contemporay behavioural finance models
2. Evaluate the application of different behavioural finance models in the adviser-trustee relationship
3. Research and explain factors resulting in measurable, systemic biases in investment decisions including differences between collective and individual decison making processes
4. Analyse the impact of behavioural biases on SMSF fund investment strategies
5. Develop a methodology for mentoring and guiding SMSF trustees

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)	All
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	All
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	All
Career and leadership readiness technology savvy professional and, where relevant, fully accredited forward thinking and well informed tested and validated by work based experiences	All
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	All
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	All

Learning Resources

Required Resources

Baker, HK & Ricciari, V (eds.) 2014, Investor behaviour: the psychology of financial planning and investing, John Wiley & Sons, Hoboken, N.J ISBN 9781118492987

Recommended Resources

Supplementary reference materials and learning resources are provided within the course online site

Online Learning

This course is delivered pre-dominantly online via the MyUni site.

Weekly topics and assessment must be accessed and viewed online.
Learning & Teaching Activities

Learning & Teaching Modes

This is an online course, students are expected to undertake the weekly topics as per the Activity Planners

Workload

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.

The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Students should expect to work through a topic per week by the date provided on the Activity Planner.

Students are required to complete 1 assignment for this course plus set aside time to study for the exam.

The University expects full-time students (ie those taking 12 units per semester) to devote a total of 48 hours per week to their studies. This means you are expected to commit approximately 12 hours for a three-unit course of private study outside your regular classes.

Learning Activities Summary

Topic 1 - Origins of behavioural finance
Topic 2 - Traditional and behavioural finance
Topic 3 - Emotional decision making
Topic 4 - Personality traits
Topic 5 - Risk perception and risk tolerance
Topic 6 - Behavioural portfolio theory
Topic 7 - Advising the behavioural investor
Topic 8 - Financial therapy
Topic 9 - SMSF trustee coaching and observational awareness

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 Summary

Assessment Summary

Assessment Due Weighting Learning Outcome
Critical review essay Week 6 40% 1,2,3
Exam Week 12 60% all

Assessment Detail

Critical Review essay
This is an individual assignment due in Week 6 and presents 40% of the final grade.
Students are required to write a critical review essay on an industry report. This assignment requires students to investigate and evaluate the report.
The review needs to be 2000 +/- 10% in word length and submitted via Turnitin on the course site

Examination
The exam consists of long and short answer questions representing 60% of the final grade.

Submission

Assignment must be submitted via Turnitin by the due date

The review needs to be 2000 +/- 10% in word length. A penalty of 5% for every 100 words outside this limit will apply

Assignments submitted after the due date will need to be emailed to the Program co-ordinator and will be penalised 5% for each day it is overdue

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.

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
This section contains links to relevant assessment-related policies and guidelines - all university policies.
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.

Authorised by:	Deputy Vice-Chancellor and Vice-President (Academic)
Maintained by:	Course Outlines Administrator