2009 Course Handbook
ACST101: Techniques and Elements of Finance
This unit aims to assist students to:
(a) understand the basic concepts of mathematics of finance (present value and accumulated value) and their application to both single payments and annuities;
(b) apply these basic mathematical concepts in valuing a range of financial instruments including savings and investment accounts, promissory notes, mortgage loans, personal loans, bonds and debentures, etc.; and
(c) know the functions of the Australian financial system, and the financial institutions (banks, insurance companies, finance companies, credit unions, etc.), financial instruments (bills, bonds, debentures, shares, etc.) and financial markets which form part of it.
A background of HSC Mathematics or equivalent numerical competency is desirable.
| Credit Points: | 3 |
| Contact Hours: | 3 |
| When Offered: |
D1 - Day; Offered in the first half-year
D2 - Day; Offered in the second half-year E1 - Evening; Offered in the first half-year |
| Staff Contact: | Actuarial Staff |
| Prerequisites: | |
| Corequisites: | |
| NCCWs: | ACST110, ACST100 |
| Unit Designations: | -- |
| Assessed As: | Graded |
| Offered By: |
Department of Actuarial Studies |
Timetable Information
For unit timetable information please visit the Timetables@Macquarie Website.