Print PG 1-lots - Macquarie University Handbooks

Handbook of Postgraduate Studies – 2004ECFS883 Venture Capital2 pg cpThis unit seeks to understand what venture capitalists doand the way venture capital organisations work. Thefocus is on the financial and operational activities of venturecapital, from raising and structuring a fund, toassessing opportunities, investing, managing investmentsand exiting.ECFS886 Debt Capital Markets2 pg cpAn overview of debt capital markets available in thedomestic market with focus on corporate bonds, securitisationand credit derivatives. The key issues and trendsaffecting the global markets are examined. Practicalissues and the mechanics of execution of transactions invarious market environments are discussed.ECFS888 Economics of Financial Markets2 pg cpThis unit covers the role of economic factors in financialmarkets. Topics include the structure and growth of theeconomy; determination of interest rates, exchange ratesand equity prices; intermediation, security markets andderivatives; economics of regulation; and the role ofeconomists.ECFS889 Taxation in Finance2 pg cpThis unit examines tax issues in finance. Topics are infrastructure,project financing and leasing; inbound investment;foreign exchange and risk management; advanceddebt securities; outbound investment; and superannuation.ECFS892 Managing Innovation2 pg cpWhy does development of new products, services andtechnologies prove to be difficult in financial firms? Thisunit deals with identifying, screening and developingnew financial products and services, and ways to institutionalisegood innovation practice. Emphasis is on balancingtechnical skills with practical skills to manageinnovation in a world of organisational politics, conflictingobjectives, scarce resources and uncertain outcomes.ECFS895 Private Equity Investment2 pg cpPrivate equity investing covers early stage investing,expansion capital, management buyouts and infrastructurestyle investing. A focus is determining a capitalstructure that suits an investee company, given its businessstructure and the interests of stakeholders. It alsoestablishes an appropriate set of incentives and penaltiesto achieve desired outcomes. Other issues include valuing,negotiating, monitoring and exiting.248ECFS896 Credit Risk Management2 pg cpThis unit covers techniques of credit risk management,with emphasis on portfolio models. Models measuringprobability of default and loss given default are covered.The course then deals with credit portfolio managementand examines portfolio models. Credit capital allocationin banks is covered, as are techniques of active portfoliomanagement, such as credit derivatives and structuredcredit transactions.ECFS897 Managing Shareholder Value2 pg cpThis explores a business model to integrate key decisionsof a business to create and deliver shareholder value. Itcovers valuation, strategy development, resource allocation,organisational structure, performance managementand management compensation along with how to keep astrong shareholder focus within an organisation. Thecourse stresses links between these areas.ECFS898 Managing Energy Risk2 pg cpThe focus of this unit is on is managing energy risks,principally electricity and gas, in a deregulated marketwith various ways to mitigate risk. It assumes knowledgeof derivatives pricing and of enterprise risk management.It emphasises the need for an integrated understanding ofenergy markets, as well as available financial instruments.ECFS899 Modelling Financial Risk2 pg cpThis extends concepts taught in Financial RiskManagement. It is intended to provide skills for quantitativeanalysis to model and control financial risks. Thefocus is primarily on market risk and the tools used tomeasure and manage risk. Model risk, liquidity risk andoperational risk will also be covered. Case studies areused.ECFS991 Equity Capital Markets2 pg cpThis gives a practical understanding of how a companymust operate in the equity capital markets, drawing onprinciples in Investments and Corporate Finance. Topicsexamine initial public offerings, secondary offerings, theequity capital market’s regulatory framework (both legaland stock exchange), backdoor listings and selectedcross-border issues.ECFS992 Hedge Funds2 pg cpThis unit begins with a definition and history of thehedge funds industry and then a range of different strategies.Within each strategy, concepts such as opportunity,risk/return, capacity and liquidity are discussed. The unitcourse also covers construction of multi-manager andmulti-strategy portfolios as well as the role of hedgefunds in a diversified portfolio.