1997 Swinburne Higher Education Handbook

Objectives and Content
The purpose of this subject is to help participants learn how
to manage their money and develop the skills to be better
able to advise others in managing their investments. To
achieve this purpose it is necessary to learn about the
investment alternatives available today and more
importantly, to develop a way of thinking about
investments that will remain in the years ahead when new
investment opportunities arise as a result of the inevitable
changes to our financial system.
More specifically, the course objectives are:
to acquaint participants with the various avenues for the
investment of funds, including shares, fixed-interest
securities and -property;
- -
to review the impact of taxation on investment
planning;
to consider the fundamental principles of modern
portfolio theory;
to consider the process of portfolio selection and
ongoing investment strategies;
to review the characteristics of financial futures and
options and how they may be used to modify the riskreturn
profile of investment portfolios.
Recommended reading
Carew, E. Fast Moy 3. Sydney, Allen & Unwin, 1991
Francis, J.C. Management oflnvestments. 3rd edn, New York,
McGraw-Hill, 1993
Haugen, R.A. Modern Investment Theory, 3rd edn, Prentice Hall,
1993
Reilly, F.K. Investment Adysis and Portfolio Management. 4th
edn, Chicago, Dryden Press, 1994
Sharpe, W.F. and Alexander, G.J., Investments. 4th edn,
Englewood Cliffs, N. J., Prentice Hall, 1990
Winger, B.J. and Frasca, R.R. Investments 3rd edn, Prentice-Hall,
1995
LBC305 Advanced Taxation
3 hours per week Lilydale Prerequisite: LBC301
Assessment: examination/assignment
A stage 3 subject in the Bachelor of Business which also
maybe taken in the Bachelor of Social Science and Bachelor
of Applied Science.
Objectives and Content
This is a final year subject designed for students who require
additional experience of taxation issues. The objective of the
subject is to acquaint students with the areas of taxation of
practical utility by concentrating on the taxation
implications of various taxable entities, and/or taxpayers, in
particular, companies, unincorporated entities, trusts,
superannuation funds and primary producers. In addition
the subject will address in detail the taxation of capital gains
and fringe benefits tax as well as giving students an
introduction to the area of indirect taxation. Students will be
expected to develop a research-oriented problem-solving
approach to the subject which includes the following
specific topics:
unincorporated entities
primary producers
trusts, beneficiaries
superannuation funds
companies and dividend imputation
capital gains tax
fringe benefits tax
administrative provisions
current developments in taxation
tax planning
pan IVA and tax avoidance
international taxation
sales tax
Recommended reading
Income Tax Assessment: Act (1936 as amended)
Lehman, G. and Coleman, C. Taxation Law in Australia. 3rd edn,
Sydney, Butterworths, 1994
AtrmalianIl.ttste/ Tax Guide. North Ryde, CCH Australia Ltd. 1996, or
Australian Tax Handbook 1996, North Ryde, Butterworths Ltd
Australian Federal Tax Reporter. North Ryde, CCH Australia Ltd
Australian Tax Cases. North Ryde CCH Australia Ltd.
LBEl 00 Microeconomics
3 hours per week Lilydale Prerequisite: nil Assessment:
multiple choise tests, assignment, examination
A stage 1 subject in the Bachelor of Business which also
maybe taken in the Bachelor of Social Science and Bachelor
of Applied Science.
Ob jectives
To introduce key microeconomic concepts and to encourage
and assist students to apply economic reasoning to issues
facing business, government and consumers.
Content
This subject introduces students to microeconomic concepts
and their application within the framework of the
Australian economy. The course commences with an
examination of the role of the market in allocating resources
and distributing output. This is followed by an examination
of the firm's production, costs and revenues in a variety of
market structures. The significance of microeconomic
concepts for both business and government policy is
emphasised throughout.
Recommended reading
Jackson, J., McIver, R., and McConnell, C.R., Microeconomics,
Sydney, McGraw-Hill, 1994
Terry, C. and Forde, K. Microeconomics An Introductionfor
Australian Students, 3rd edn, Sydney, Prentice Hall, 1992
Waud, R.N. et al. Economics, 2nd Aust. edn, Artarmon, N.S.W.,
Harper Educational, 1992
LBE200 Macroeconomics
3 hours per week Lilydale Prerequisite: LBElOO
Assessment:multiple choice tests, assignments, examination
A stage 2 subject in the Bachelor of Business which also
maybe taken in the Bachelor of Social Science and Bachelor
of Applied Science.
Ob jectives
To provide business students with an understanding and
Swinburne University of Technology 1997 Handbook 407